SESSION 5: PROJECT LIFE CYCLEExpected learning outcomes1)Discuss the project cycle especially the project defining and planning phase2)Describe the components of WBS3)Analyse the application of Logical frame (Logframe)4)Discuss the components of project planMost projects go through a life cycle that varies with the size and complexity of the project. Itis also influenced by the industry in which the project is being undertaken. For instance,establishing a performance management system has a different set of phases from thoseassociated with construction of a storey building.The PMD Pro has six phases of project life cycle model.1)Conception/initiation/identification2)Project set up phase3)Defining and planning4)Implementation/execution5)Monitoring, evaluation and control6)CompletionOther life cycle models are shown below:1)Concept: Basic ideas, business case, statement of requirements, scope2)Feasibility: Tests for technical, commercial and financial viability, technical studies,investment appraisal, discounted cash flow, etc.3)Evaluation: Application for funds, stating risks, options, time, cost, performancecriteria4)Authorization: Approvals, permits, conditions, project strategy5)Implementation:Developmentdesign,procurement,fabrication,installation,commissioning6)Completion: Performance tests, handover to client, post-project appraisal7)Operation: Revenue earning period, production, maintenance8)Termination: Close-down, decommissioning, disposal ItemsSeven and eight are not usually included in a project life cycle, where the project ends with theissue of an acceptance certificate after the performance tests have been successfully completed.Where these two phases are included, as, for example, with defence projects, the term extendedproject life cycle is often used.The project life cycle of an IT project may be slightly different as the following list shows:1)Feasibility: Definition, cost benefits, acceptance criteria, time, cost estimates2)Evaluation: Definitions of requirements, performance criteria, processes3)Function: Functional and operational requirements, interfaces, system design4)Authorization: Approvals, permits, firming up procedures5)Design and build: Detail design, system integration, screen building, documentation6)Implementation: Integration and acceptance testing, installation, training
7)Operation: Data-loading, support setup, handover Running through the period of thelife cycle are control systems and decision stages at which the position of the project isreviewed.The interfaces of the phases of the life cycle form convenient milestones for progress paymentsand reporting progress to top management, who can then make the decision to abort the projector provide further funding. In some cases the interfaces of the phases overlap, as in the case ofcertain design and construct contracts, where construction starts before the design is finished.