1b Critically discuss how the key phases of the projects lif

1(b) Critically discuss how the key phases of the projects lifecycle are managed in your organisation (8 marks)

Solution

Some basic functions of a projet plan and project lifecycle are as follows.

Planning

Planning is one of the most essential parts of a project plan. Without a proper planning management cannot work and planning process allows an organisation to run smoothly. Planning includes defining a goal and that determining the best available strategy to achieve that goal in most efficient manner.

Budgeting

Budgeting is one of the most essential steps of the project planning. Buy budgeting we can determine the overall costing as well as friends. Can also be used in determining the overall monetary value of the staff devoted to the specific job.

Organizing

Organising the each and every step inside a specific project plan can routine and streamline the overall working steps of the specific project. Why having a streamlined and organised project plan, the efficiency of a project is readily improved.

Staffing

Starting the people for any specific project also comes under the project planning. From hiring the basic employees to the advance engineers as well as different employees as per the need of the project can be done inside the staffing process used in a project planning.

Coordination

Coordination inside an organisation is a very essential part of project plan because it ensures is all the activities are linked together and working in a sync to provide the maximum efficiency as well as productivity.

Controlling. Maintaining proper coordination inside a project is Defined by the project planning.

Controlling

The controlling function of project planning is very essential for controlling or other function of the project and keeping them in structured manner. Controlling process is also required to rectify the situation or the problems that are creating obstruction in setting new standards.

Time lining

Project plan also provides a basic timeline of a specific task which are done inside a project plan. By defining a specific time for each and every step of a project plan we can easily increase the overall productivity as well as efficiency of the project plan.

Wbs is a short form for work breakdown structure and it\'s very important for planning as well as management for an organisation. Poor planning only due to cost overrun, suspended timelines and inefficient workflows.

To develop work breakdown structure we have to follow these steps.

Defining functioning

Work breakdown structure is an statistical map of the project by writing down the overall plant helps the individual to visualise about the overall strategies which can be used in work breakdown structure. It can be drawn in from of a flowchart or just in form of a checklist or simply chronological task list.

Initial breakdown

Determining the top level objective of the project and then moving to the mediaeval tasks as well as lower level tasks is done in work breakdown structure which can be done according to the project as well as a management system included.

Further breakdown

Specific mediaeval tasks are divided into the constituent ask and later those constituent Asa followed by the work breakdown structure to ensure a proper efficiency as well as productivity for the specific project. Ladies steps are also continuously divided until the richest at a point of simplification which can be easily applied in a project.

Deciding the overall time limit for a specific task and having an idea of the overall consume time can be very beneficial in assigning jobs to the lower level as well as mid level employees by setting up a specific schedule in different sections of the work breakdown structure we can easily enhance the over on productivity.