1. PROJECT’S LIFE CYCLE
PRESENTED BY:-
ABHISHEK RAJ
MBA (AGRI-BUSINESS), SHUATS
PRESENTED TO:-
DR. MUKESH KUMAR MAURYA
(Asst. Professor, SHUATS)

2. CONCEPTION / IDENTIFICATION
• What is a project?
• A project is defined as a “temporary endeavor with a
beginning and an end and it must be used to create a
unique product, service or result”.
• All projects vary in complexity but they all follow
similar life cycles
• All projects have deliverables (meaning they always
produce something)
• Project examples:
• − New product development
• − Building renovation
• − Wedding
• − Dinner party

3. What is a project life cycle?
• Project life cycle is a series of phases of a
project from initiation to completion.
• The life cycle gives a practical approach to
problem solving applied to all aspects of a
project.
• Phases in a project life cycle encompasses
sequential and overlapping phases.
• A project life cycle typically has 4 major
phases: − Initiation Phase − Planning Phase −
Implementation/ Execution Phase − Closure
Phase

5. Project Conception
• the first step in the process of specifying the actual scope of a
project.
 Stages of Project Conception
• Following activities are involved in the conceptual stage
• Specification of an opportunity or requirement that governs the
interests of the company.
• Development of a group of preliminary alternatives that have the
capacity to accomplish the initial requirement
• Choosing of alternative(s) that can fulfill the requirements in
terms & conditions favorable to the company.

6. PLANNING OR FORMULATION
“In this process group ,an appropriate level of details is planned
for the project. It’s done to plan time, cost and resources. It helps
you to estimate the work needed and manage risk effectively
during the execution of a project”.
 STEPS FOR THE PROJECT PLANNING PHASE :-
 Creating a project plan :-
Identify the project timeline, project phases, the tasks, and possible
constraints.
 Creating workflow diagrams :-
Visualize your processes using swiml anes to make sure team
members clearly understand their role in a project.

7.  Estimating budget and creating a financial plan :-
Use cost estimates to determine how much to spend on the project to
get the maximum return on investment.
 Gathering resources :-
Build your functional team from internal and external talent pools
while making sure everyone has the necessary tools like software,
hardware, etc. to complete their tasks.
 Anticipating risks and potential quality roadblocks :-
Identify issues that may cause your project to shall while planning to
mitigate those risks and maintain the project’s quality and timeline.
 Holding a project kickoff meeting :-
Bring your team on board and outline the projects so they can
quickly get to work.

8. APPRAISAL/ANALYSIS
This helps to know, how much the company has invested on the
project and in return how much it is gaining from it.
Reviewing
project
Evaluating
its content
Problem
analysis
Generating
solution
Selecting
feasible
option
Focus on
expected
outcomes

9. KEY STEPS IN PROJECT APPRAISAL
• STEP 1 :- CONCEPT ANALYSIS
This steps require conduct of range of analyses in order to
determine the concept of the future project and provide
the Decision Package for the senior management for approval.
It means you need to carry out the problem-solution analysis
that determines the problem/need to be addressed and the
solution to be used to handle the problem. The solution should
analyzed by cost-effective and feasible methods.
• STEP 2 :- CONCEPT BRIEF
This step includes development of summary of the project
concept to define the goals, objectives, vision, mission, broad
scope, time duration and projected costs.

10. STEP 3 : PROJECT ORGANIZATION
• You use the Concept Brief to determine an organizational structure
of your project.
• This structure should be developed and explained in the Project
Organizational Chart.
• The document covers such issues as governance structure ,team
requirements and composition,
• implementation approach, performance measures, other info.
• The idea behind the Project Organizational Chart is to create a
visual representation of the roles
• , responsibilities and their relationships and what
people/organizations are assigned to
• what roles and duties within the project.

11. STEP 4 : PROJECT APPROVAL
• The final stage requires you to review all the previous steps and
gather them into a
• single document called the Project Appraisal.
• This document summarizes all the estimations and evaluations
made, to justify
• the project concept and verify that the proposed solution addresses
the identified problem.
• The financial, the cost-effectiveness and the feasibility analyses
will serve as the
• methods of project appraisal to approve the project.
• The document is to be submitted to the snooper stakeholders for
review and approval.
• If the appraisal is approved, then the project steps to the next
phase, the planning.

12. IMPLEMENTATION PHASE
• This process is also known as Execution phase.
• The execution phase turns your plan into action.
• The project manager’s job in this phase of the project
management life cycle is to keep work on track, organize team
members, manage timelines, and make sure the work is done
according to the original plan.
• Project execution is the phase where project related processes are
implemented, tasks are assigned and resources are allocated.
• The intent of the implementation phase of the project life cycle is
to bring about the project expected results.
• Unexpected events and situations will be encountered, and the
project members will have to deal with them as they arise

13. Steps involved in
Implementation/execution phase:
• Creating tasks and organizing workflows
• Explaining tasks to team members: explain tasks to team
members, providing necessary guidance on how they should
be completed.
• Communicating with team members, clients, and upper
management.
• Monitoring: ensure that the team members are meeting their
time and quality goals for tasks.
• Managing budget: monitor spending and keeping the project on
track in terms of assets and resources.

14. MONITORING PHASE AND
CONTROL
 The control and monitoring phase mainly consists of the
processes that make sure that the project is on track and is
moving forward according to the project plans and the other
factors like budget and time.
 QUALITY ASSURANCE :-
• The team are required to maintain certain quality standards
with the deliverables.
• After an elaborate communication with the stakeholders,
considering all the client requirements, certain quality standards
are set for the deliverables.
 COST TRACKING :-
• The project success is measured by the timely delivery, quality
of the deliverables and the cost that it has used throughout the
project..

15. • A project can go way over the allocated budget due to
numerous factors including time delays, iterations, etc.
 PROJECT PERFORMANCE :-
• With the progress of the project, it become fairly important to
manage the teams and track the performance of the project
from a start to finish perspective.
 OBJECTIVES AND REQUIREMENT :-
• The project objectives and requirements are monitored to
make sure that the project deliverables are up to the mark and
fulfil all the requirements set by the client.

17. PLANNING & EVALUATION
Evaluation planning comes down to two questions:
• What are the desired outcomes of your project?
• How will you measure them?
It is about building benchmarks and accountability into your
plan, and using them to evaluate the plan as you go and after the
project is finished. It gives your project a more strategic
structure, provides evidence for your results and, importantly,
contributes to the knowledge base about effective Results.

18. How to develop your evaluation plan?
• The steps described demonstrate how you would go about
developing your evaluation plan.
1. Determine what information you will need to collect:
1. To see how your project is doing day to day (on-going
monitoring)
2. To see if you are on track to achieve your intended results,
if you are on time and if you are using resources as planned
mid-way through your project (mid-term evaluation), so
that you may make adjustments as needed
3. To see if the overall changes you were trying to achieve
actually happened by the end of the project (final
evaluation) and identify what you learned.

19. 2. Determine your information sources/data collection methods.
Sources of information may include project staff, other agencies,
participants and their families, members of the public and the media.
Information may be collected via a variety of methods, including:
 Project records such as project activity log/daily journal: A book
where you write down what happens each day. It is a useful
source to document many of your indicators and will be helpful
to you when writing the final project report.
 Number and type of documents produced during the project
(tools, flyers, advertisements, media coverage of your
event/project, curriculum, etc)
 Information collected about your participants related to the
project (number attending sessions, information about who they
are - age, gender, education, background, culture, etc)
 Data from official sources (e.g. school records, census data,
health data)

20. 3. Determine the frequency of the data collection and who will
collect the information.
4. Finally, determine how you will analyse your data and report
your findings to funders, your community and your project
partners and stakeholders.

21. THANK YOU!