A guide to project management—Part 4: Project lifecycle
A guide to project management—Part 4: Project lifecycle

The following In-house Advisor practice note provides comprehensive and up to date legal information covering:

  • A guide to project management—Part 4: Project lifecycle
  • Project lifecycle
  • Set up
  • Kick off
  • Set up: Defining the project
  • Stakeholders
  • Identifying stakeholders
  • The stakeholders’ stance
  • Kick off: Planning the project
  • Risk management
  • More...

Project lifecycle

When managing a project or programme, it is likely to have key phases with sub-project tasks. The lifecycle of all projects proceeds through the following generic stages of defining, planning, implementing, and closing the project. These broad areas are covered in the following diagram:

Set up

During the set-up phase of the project, an initial scope is agreed. A feasibility study may also be undertaken for larger projects or programmes. In this phase, the sponsor for the project (preferably at the senior leadership level) and the project manager will agree and appoint team members.

The sponsor has ultimate responsibility for the delivery of the project. The sponsor should ensure that the project is value for money and is delivered within the specified time scales. The sponsor has ultimate responsibility for the effective management of risks and issues. They champion their project within the business and ensures that the project initiative brings benefits.

The project manager has the authority and responsibility to run a project on a day-to-day basis to deliver the required deliverables on behalf of the sponsor. They are responsible for producing the required deliverables to the required standard of quality and within the specified constraints of time and cost. The project manager must operate within the constraints agreed by the sponsor.

Kick off

These stages are applicable whatever the scale of the project, but will vary in

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