,Question 6.1
Develop a one-hour presentation on project management dynamics. Divide your paper
into the following sections:
(i) the process groups in each phase of the project life cycle (5)
Project management dynamics involve the coordination and execution of various
processes and activities throughout a project's life cycle (Nicholas & Steyn, 2020).
Understanding these dynamics0717513144 is crucial for successful project delivery,
as it helps project managers to plan, execute, and monitor projects effectively. In this
presentation, we will explore the process groups in each phase of the project life cycle.
Project Life Cycle
The project life cycle consists of four phases: initiation, planning, execution, and
closure (Crawford, 2021). Each phase has specific goals and objectives, and the
project manager must ensure that each phase is completed successfully before
moving on to the next one.
Initiation Phase
The initiation phase is the first phase of the project life cycle. During this phase, the
project manager defines the project's objectives, scope, and deliverables (Heagney,
2016). The following process groups are involved in the initiation phase:
• Project Charter Development: The project charter is a document that outlines
the project's objectives, scope, and deliverables. It is developed during the
initiation phase and serves as a formal authorization for the project.
• Stakeholder Identification: Stakeholders are individuals or groups who have
an interest in the project. During the initiation phase, the project manager
identifies the stakeholders and their interests.
• Project Team Selection: The project manager selects the project team during
the initiation phase. The team members are chosen based on their skills,
experience, and availability.
Planning Phase
, The planning phase is the second phase of the project life cycle. During this phase,
the project manager develops a detailed plan 0743895097for the project (Nicholas &
Steyn, 2020). The following process groups are involved in the planning phase:
• Scope Definition: The project manager defines the project's scope during the
planning phase. The scope includes the project's objectives, deliverables, and
exclusions.
• Work Breakdown Structure (WBS) Development: The WBS is a hierarchical
decomposition of the project's deliverables into smaller, manageable
components. It is developed during the planning phase.
• Schedule Development: The project manager develops a schedule during the
planning phase. The schedule includes the start and end dates for each task,
milestones, and dependencies.
• Cost Estimation: The project manager estimates the project's costs during the
planning phase. The costs include labour, materials, equipment, and overhead.
• Risk Management: The project manager identifies and manages risks during
the planning phase. Risks include any potential issues that may impact the
project's success.
Execution Phase
The execution phase is the third phase of the project life cycle. During this phase, the
project manager implements the project plan (Heagney, 2016). The following process
groups are involved in the execution phase:
• Quality Management: The project manager ensures that the project's
deliverables meet the required quality standards during the execution phase.
• Resource Management: The project manager manages the project's
resources during the execution phase. Resources include labour, materials,
equipment, and facilities.
• Communication Management: The project manager manages the project's
communication during the execution phase. Communication includes status
reports, meetings, and emails.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.60. You're not tied to anything after your purchase.