Pro-tip: Project Life Cycle can be different for any given project while the Project Management Life Cycle is the same every on.
Most of PMP (Project Management Professionals) aspirants get confused with these terms when they are preparing for the exam. Project Life Cycle and Project Management Life Cycle are significantly different terms.
Read More: Difference b/w Project & Product Life Cycle
What is Project Life Cycle?
“Life Cycle” is a unidirectional process. For example, the human life cycle is
-Conceive – Birth – Childhood – Teen-hood – Adulthood – Death
Now if you see this cannot go in the reverse direction.
Let’s see the example of a Plantlife, that is
-Seed – Blossom – Plant – Decay
If you see both of the above examples have different phases or stages.
In the same way, every project can have different stages and of-course uni-directional project life cycle phases or stages.
Project Management Life Cycle
In PMI Project management we deal with Process Groups (Project Management life cycle stages) and these are five namely
- Monitoring & Controlling
Now, PMI divides these processes within each process group into knowledge areas.
Knowledge areas are the areas of expertise or specialization.
Project Management Life Cycle | Detail
If you see the below schema then you can easily understand the sequence of Project Management stages/process.
Here, the Project charter is release. It includes the authority to a project manager to utilize resources to get optimum productivity.
Remember, this starts once feasibility is already done during the Project phase.
Here, you as a project manager make an extensive plan to get the job done. If required you will hire a planner and other team players to make it more understandable. A plan should cover all the scope without any creep or gold plating.
You need to utilize your resources here to get the job done as you have planned.
Monitoring & Controlling
Each deliverable produced in the execution should validate the as per scope and set quality standards. Work done in execution must comply with the plan.
Once the project is compiled all given standards and client is OK with the end result then you can announce the closure and submit all lessons learned. Formal acceptance of the customer or the client is a must.
That is a brief introduction to the Project Management Life Cycle. I hope you have like it! If you have found any discrepancy then please write back to me and I am happy to amend it.