The Project Lifecycle is used to describe a deliberate, structured and methodical process for developing building information systems.
The Project Management Life Cycle has five phases: Initiation, Planning, Execution, Monitoring and Controlling, and Closure. This methodology contains templates for the various project management activities undertaken to deliver successful projects.
- Agree to a vision for the project
- Define the major goals & project justification.
- Assemble core team members and the stakeholders.
- Assign a project manager and establish others' roles and responsibilities.
- Identify the resources needed, the cost estimates, and a broad timeline.
- Obtain approval to move forward with detailed planning
- Gather functional requirements, scope of work as needed.
- Assess project procurement needs; determine best course of action.
- Perform a risk assessment, analysis, and plan if required and include mitigation options as appropriate.
- Assess the security issues for the project and its deliverable(s).
- Determine resources and staffing needs
- Identify special skills needed to accomplish project tasks.
- Develop a budget plan to include the life cycle cost or total cost of ownership.
- Assess the communication needs and prepare a communication plan.
- Analyze testing needs and plan accordingly.
- Assess training needs and develop a strategy or plan as appropriate.
- Review the project level indicators to aid in assessing project risk level.
- Use the project scorecard as an aid is assessing project complexity and risk level and thus the rigor and detail of planning, documentation, and approvals necessary.
- Prepare a scope document that includes how to verify completion of deliverables and how to manage scope change requests.
- Develop a work plan that establishes the work breakdown structure, the time and cost estimates and a schedule.
- Obtain approval to move forward with executing the project plan.
- Assemble and develop the project team.
- Procure or secure required resources (hardware, services, software, etc.).
- Review security plan with team. Ensure security issues are prominent and addressed.
- Implement quality assurance procedures.
- Make project information available to stakeholders.
- Obtain approval for any changes and to move forward with managing the project
Monitoring & Controlling Processes
- Change management (original project scope, cost, schedule, and technical strategies)
- Direct and lead the project team.
- Manage project progress.
- Measure project performance against the plan.
- Ensure project progresses according to the plan.
- Manage project issues and risks.
- Implement testing plan.
- As appropriate, implement training plan.
- Conduct status review meetings; disseminate status reports.
- Document any lessons learned up to this stage in the project.
- Obtain acceptance of project deliverables.
- Document or summarize costs spent on project and close any purchase orders.
- Document any timeline changes (schedule compression and/or overruns).
- Outline the long-term operational implications then hand off operations and support responsibilities.
- Obtain approval to close the project. Document the lessons learned over the course of the project.
- Formalize closure.
- Obtain sign-off from project sponsor and project manager.