Life Cycle Management

Managing a project is a process which begins well before implementation and which extends beyond the final steps of execution. This is because the project manager is not just responsible for overseeing a contract's realization. The project manager must also be fully involved in the steps leading up to this realization and the evaluative steps that must be engaged following. This is why the Project Management Life Cycle is such a critical concept. It provides a more complete framework for seeing an awarded contract, an internal team assignment or even an independent venture from its true start to finish. The discussion here considers some of the most important aspects of each of the four Project Life Cycle stages.

Initiating

The process of Initiating the project life cycle involves the preliminary steps that a project manager must take in order to establish the validity and value of a...
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