roject management is a one-time carefully planned and organized effort to achieve a specific goal.

Project management includes:Developing a project plan, which includes defining project goals and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating budgets and timelines for completion Implementing the project plan, carefully to make sure the plan is being managed according to plan. Project management usually follows major phases:

1. Project Initiation
Project Initiation is the opening point in the 5 steps Projelogic's Project development Cycle, (based on the PMBOK methodology) and in simple terms: starting up the project. We initiate a project by defining its reason, business goals, and scope. The reason for initiating it, and the propose solution to be implemented. We will also put together a project team, define early milestones, and early budget proposal. With the above information we can move on and perform an end of Phase study in order to get a GO No GO decision.

2. Project Planning
Once we define the project and assemble the project team, we are ready to enter the in depth Project Planning phase. This involves creating the "PMP", Project Management Plan, in order to guide the team during the project development and after. We will define the Required Skills of development team. Define Non-labor Resources, Risks plan, detailed action items and milestones.

Project Execution: 3. Development 4. Implementation

With a comprehensible characterization of the project and the full and detailed PMP, we are now ready to enter the Execution phase of the project. This is the stage in which the requirements are actually built and programmed. After the QA process the product will be presented to the customer for acceptance and full implementation. If the customer has accepted the final product, the project is complete and ready for closure.

5.Project Closure

Product Life Cycle steps Project Closure involves releasing the final product to the customer, handing over project documentation, Manuals, Source code, and Network layouts. Last remaining step is to undertake a Post Implementation Review to identify the level of project success and note down any lessons learned.

You could be a manager fresh out of the box or one that has been in the trenches for years. No matter. Understanding the project management life cycle is invaluable for successfully guiding your project from its initial stages to completion.

The Five Steps in the PM Life Cycle

No matter what project it is that youre preparing for, the project management life cycle can assist you and your team in narrowing the project's focus, keeping it's objectives in order and finishing the project on time, on budget and with a minimum of headaches. Every project management life cycle contains five steps: Initiation, Planning, Execution, Monitoring/Control and Closure. No one step is more important than the other and each step plays a crucial role in getting your project off the ground, through the race, down the stretch and across the finish line. 1) Initiation In this first step you provide an over-view of the project in addition to the strategy you plan on using in order to achieve the desired results. During the Initiation phase youll appoint a project manager who in turn - based on his or her experience and skills - will select the required team members. And lest you think you need to be a Bill Gates or Donald Trump in order to see your project take on a life of its own, fear not: there are some greattechnological tools available to get you through the Initiation phase of the project management life cycle.

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2) Planning The all-important second step of any successful project management life cycle is planning and should include a detailed breakdown and assignment of each task of your project from beginning to end. The Planning Phase will also include a risk assessment in addition to defining the criteria needed for the successful completion of each task. In short, the working process is defined, stake holders are identified and reporting frequency and channels explained. 3 & 4) Execution and Control Steps Three and Four take you into deeper water. When it comes to the project management cycle, execution and control just may be the most important of the five steps in that it ensures project activities are properly executed and controlled. During the Execution and Control phases, the planned solution is implemented to solve the problem specified in the project's requirements. In product and system development, a design resulting in a specific set of product requirements is created. This convergence is measured by prototypes, testing, and reviews. As the Execution and Control phases progress, groups across the organization become more deeply involved in planning for the final testing, production, and support. 5) Closure

By the time you reach Step Five - Closure - the project manager should be tweaking the little things to ensure that the project is brought to its proper conclusion. The Closure phase is typically highlighted by a written formal project review report which contains the following elements: a formal acceptance of the final product (by the client), Weighted Critical Measurements (a match between the initial requirements laid out by the client against the final delivered product), lessons learned, project resources, and a formal project closure notification to higher management. The Project Management Cycle saves time and keeps everyone on the team focused. Fortunately, modern technology provides a variety of templates that will take you from start-to-finish, which makes the Project Management Cycle user friendly no matter what your level of management experience!

Project Management Life Cycle

The MPMM Project Management Life Cycle comprises four phases... Initiation involves starting up the project, by documenting a business case, feasibility study, terms of reference, appointing the team and setting up a Project Office. Planning involves setting out the roadmap for the project by creating the following plans: project plan, resource plan, financial plan, quality plan, acceptance plan and communications plan. Execution involves building the deliverables and controlling the project delivery, scope, costs, quality, risks and issues. Closure involves winding-down the project by releasing staff, handing over deliverables to the customer and completing a post implementation review. A more detailed description of the MPMM Project Management Methodology and Life Cycle follows:

Project Initiation
Project Initiation is the first phase in the Project Life Cycle and essentially involves starting up the project. You initiate a project by defining its purpose and scope, the justification for initiating it and the solution to be implemented. You will also need to recruit a suitably skilled project team, set up a Project Office and perform an end of Phase Review. The Project Initiation phase involves the following six key steps:

Project Planning
After defining the project and appointing the project team, you're ready to enter the detailed Project Planning phase. This involves creating a suite of planning documents to help guide the team throughout the project delivery. The Planning Phase involves completing the following 10 key steps:

Project Execution
With a clear definition of the project and a suite of detailed project plans, you are now ready to enter the Execution phase of the project. This is the phase in which the deliverables are physically built and presented to the customer for acceptance. While each deliverable is being constructed, a suite of managementprocesses are undertaken to monitor and control the deliverables being output by the project. These processes include managing time, cost, quality, change, risks, issues, suppliers, customers and communication. Once all the deliverables have been produced and the customer has accepted the final solution, the project is ready for closure.

Project Closure
Project Closure involves releasing the final deliverables to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources and communicating project closure to all stakeholders. The last remaining step is to undertake a Post Implementation Review to identify the level of project success and note any lessons learned for future projects.

MPMM is based on best practice...

More than 45,000 people in 50 different countries currently use the MPMM Project Life Cycle to deliver projects. MPMM project management methodologies are based on the best practice industry standards for project management: PMBOK and