Project Management Essay Example | Topics and Well Written Essays - 3750 words

Project Management - Essay Example Kerzner (2009) points out four different phases of the a project life cycle and these are the Conception Phase, Definition Phase, Execution Phase, and Operation Phase. On the other hand, Hira and Parfitt (2004) provide five phases in the project cycle which are Identification, Preparation, Appraisal, Implementation, and Evaluation. Perhaps the most popular view divides the project cycle into five stages, or process groups as some references have called them, which are initiating, planning, executing, monitoring and controlling, and closing (Rubin, 1995; Owen & Rogers, 1999; Elia, 2004; Elearn Limited, 2005; Heldman, Baca, & Jansen, 2007; Sanghera, 2008; Mihelcic, 2009). Within these stages, there are also a set of processes involved that are part of the knowledge required to manage a particular project. These knowledge areas are Communication Management, Cost Management, Human Resource Management, Integration Management, Procurement Management, Risk Management, Scope Management, and Time Management (Sanghera, 2008). While a large portion of this paper will focus mainly on the different stages of the project cycle and the processes within each of these stages, the discussion will also incorporate these knowledge areas. ... s important that a particular emphasis is placed on this stage because if this stage is merely skimmed over because the group is rushing to get started on what most would perceive as the actual work, the group will have a hard time implementing the project, not to mention needing more time to achieve it and thus, the project will most likely fail. This is the phase which examines and decides whether the project is worth doing or not. This process group provides approval to commit the organization’s resources to working on the project or phase (Heldman, Baca, & Jansen, 2007). The most important objectives of the project are identified and defined and financial commitments are undertaken to determine exactly what resources will be needed to complete the project (Elia, 2004). The project manager is assigned and authorized to begin working on the project. This is also the stage where the expectations for the project are formalized and communicated to all of the stakeholders. More specifically, the processes involved in this stage include the development of the project charter and the preliminary project scope statement, which are covered by the knowledge area of integration management (Sanghera, 2008). These outputs become inputs into the Planning process group. The Initiation phase for a contractor most likely starts once the firm is awarded a contract and has received a notice to proceed. Sometimes, there are also companies who move forward with less certain conditions. The estimate now becomes a project and a job or work order number is given to it. The project manager is assigned who then prepares to receive the handoff, or the transitional stage between project phases, from the estimating department (Elia, 2004). Planning The planning phase is which involves the