Project Management Life Cycle & Spiral Model: A Comprehensive Guide
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Project Management Life Cycle
Project Initiation
During the project initiation phase, it is crucial for project champions to develop a thorough understanding of the project's important characteristics. Barry Boehm's W5HH principle summarizes the questions that need to be asked and answered to understand these characteristics.
Project Planning
Various plans are created during this phase:
- Project Plan: Assigns project resources and time frames to tasks.
- Resource Plan: Lists the resources, manpower, and equipment required to execute the project.
- Financial Plan: Plans for manpower, equipment, and other costs.
- Quality Plan: Outlines quality targets and control measures.
- Risk Plan: Identifies potential risks, prioritizes them, and outlines actions to mitigate