Question

Develop a report utilizing the Project Management Life Cycle (PMLC) model ((initiation, planning, execution, and closure), and reporting it to your client. Also, prepare a summary analysis of the project. The project has approached the halfway point, thus your client has requested a milestone review of the project. The project has approached the halfway point, thus your client has requested a milestone review of the project. You might consider using a project management software such as MS Project to demonstrate schedule of milestones met and those yet to be accomplished.

Answer 1

Project Management Life Cycle (PMLC) refers to a series of activities which are indeed crucial towards the attainment of the project goals and objectives. Projects may have different dimensions and varied complexity level but it’s always very crucial and significant to map all projects according to given lifecycle structure.

Thus in the preliminary stage you need to provide a summary of the project along with policy and approach that you plan to execute and implement in order to attain the desired outcomes. Furthermore during the initial phase the in-charge project manager based on experience and skills would efficiently select the required team members for project.

Appropriate planning is indeed considered to be the most crucial and significant element towards the success of any project management life cycle and in fact should comprise an in-depth and detailed breakdown and assignment of each task pertaining to your project right from the stage of initiation up to completion.

Furthermore planning phase should also comprise a detailed risk assessment and defining clearly the criterion needed to flourishingly accomplish each assigned task. Thus you need to evidently characterize and describe the functional process, identify the stake holders and explain the various channels and frequency level of reporting.

Control schedule in project management life cycle refers to the process of examining and scrutinizing the status of project activities indeed to facilitate effectively and efficiently modernize the project process and effectually administer the changes to the schedule baseline.

The executing phase in project management life cycle comprises of those activities that are well-defined in project management plan. Thus it involves effectively administering the stakeholder expectations, coordinating with individuals and resources and efficiently performing activities pertaining to project deliverables.

During execution phase to affect the desired outcome sometimes it may require re-base lining and updates to existing project requirements. Thus action taken in the execution phase may indeed have an impact on the project management plan. Furthermore effective and efficient execution and implementation of planned solution can indeed facilitate to effectually resolve crisis specified in the project's requirements.

Closure phase in project management life cycle refers to the process that performs a controlled shut down of the project at the end of the project. Thus in closure of the project it formally comprises with the closure of the administrative procedures, update the project documents and accordingly record the concerned database and documents.

In the financial closure of the project resources allocated to the project are returned. In an effective and efficient product and system development process a design resulting in a specific set of product requirements is generated where the divergence in fact are measured by examples, assessments and reviews.

Thus performing a quality assurance in fact refers to process of auditing the quality requirements and the outcomes from quality control measurements. Furthermore it involves the process of effectively recording and evaluating the outcomes of the quality activities which in fact facilitates to efficiently assess the performance. For instance tools like control charts, cost-benefit analysis, flowcharts, scatter diagrams etc. are used in this process.