Week two

As it is stated in (visitask.com, 2011) The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. In every project there are 4 main stages, which are Introduction, Planning, Execution, & Close. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project.

It is identified that the ultimate success criteria for a project is called "customer satisfaction".

Projects are:

Always temporary

Have a definitive start time & end time

Project abandon

Project is to bring a Product, service, or a result that didn't exist before

Unique

Operations are totally different from projects. Operations are on going repetitive, involves continues work with out an ending date. The purpose of operations is to keep the organization functioning.

After assigning a team to do a project, the team goes under 5 stages, & that are :

Forming - Introducing themselves to other team members

Storming - Problems arise

Norming - Compromise each other and negotiating

Performing - Start performing

Adjoining - Team is disabled

stakeholder are group of people who have got vested people on that project. also they can be primary/secondary or direct/indirect.