Five phases after reading this week’s assigned articles, submit a 2
The project lifecycle is a useful tool for organizations as it helps to structure the process of completing projects by breaking down large tasks into more manageable steps. Each phase of the project lifecycle serves an important purpose and can support the organization’s business strategy in various ways.
The initiation phase is often used to outline goals, scope, timeline and budget for a new project which will help ensure that it aligns with overall organizational objectives. During this stage resources must be allocated appropriately so that the task can be achieved within its specified parameters.
During planning, teams identify any risks or dependencies associated with their project and develop strategies for managing these issues. This can also involve setting milestone deadlines or creating detailed work breakdown structures which will allow for better oversight on progress made during execution.
In the execution phase, tasks are delegated and completed according to their individual timelines while taking into account any changes made due to unforeseen circumstances. At this point team members should be mindful of their roles and responsibilities as they move through each step of completion while ensuring quality standards remain intact.
Once a project has been successfully completed, evaluations are conducted in order to assess performance against expectations as well as determine what lessons were learned from the experience that could benefit future projects or initiatives. Finally, feedback is provided so that team members receive recognition for their efforts which incentivizes them to continue growing professionally.