Taking smaller bites with PMP-Bite series - PMP Chapter 1 Part 4 (PROJECT LIFE CYCLES)

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I was constantly overwhelmed by the 618 pager PMBOK guide. At the beginning of each chapter - as I saw the framework for that syllabus, my palms get sweaty. I dread the upcoming few hours of pouring over the dry notes. These are the very reasons why I've create a PMP-Bite series. A compilation of 'small-bites' focusing on the more frequently asked topics, and delivered to you in 'bite-size'. Here's Chapter 1 - Part 4: Project Life Cycle

Transcript of Taking smaller bites with PMP-Bite series - PMP Chapter 1 Part 4 (PROJECT LIFE CYCLES)

maywongmeiching82@gmail.com my.linkedin.com/in/maywongmeiching1

May Wong, PMP maywongmeiching82@gmail.com my.linkedin.com/in/maywongmeiching1

May Wong, PMP maywongmeiching82@gmail.com my.linkedin.com/in/maywongmeiching1

May Wong, PMP

taking a smaller

BITEof PMP

CHAPTER 1

PART 4a PMP-BITE series

Image courtesy of Grant Cochrane / FreeDigitalPhotos.net

HELLO.Armed with more than 10 years of experience in marketing. Specializing in Project Management of activation campaigns, conferences, events & exhibitions.

Bitten by the travel bug and an explorer at heart.

Loves dogs.

@mayscloset

MAY WONGPROJECT MANAGER @ SHELL INTERNATIONAL

Part1 Part2 Part4Part3

Project Program Portfolio PMO

Time Cost Scope Resource Quality Risk

Functional Projectized Matrix

Product Lifecycle Project Lifecycle

4’P’s Constraints Organizational Structure Lifecycle

ONECHAPTER

taking smaller bites…

Part1 Part2 Part4Part3

Project Program Portfolio PMO

Time Cost Scope Resource Quality Risk

Functional Projectized Matrix

Product Lifecycle Project Lifecycle

4’P’s Constraints Organizational Structure Lifecycle

ONECHAPTER

taking smaller bites…

PART

PROJECT

LIFECYCLE 4

CHARACTERISTICS OFPROJECT LIFE CYCLE

Starting the project

Organizing & preparing

Carrying out project work

Closing project

PROJECT STAGESCost & staffing VS Time

Less cost & staffs at the beginning &

end of project

PROJECT STAGESIMPACT of VARIABLE based on project TIME

Risk & uncertainty is great at the beginning of

projects

Cost of changes decreases as risks

decreases

PROJECT PHASESExample of Single Phase

Often found in smaller projects. Typically one phase & sequential (no overlaps)

PHASE TO PHASESEQUENTIAL PHASE (3 phase)

PHASE TO PHASEOVERLAPPING PHASE

PREDICTIVE LIFE CYCLEAlso known asFULLY PLAN DRIVE

Generally preferred when -product is well understood -substantial base of industry practice-product must be delivered in full to have full value.

ITERATIVE & INCREMENTAL + ADAPTIVE

AKA change driven or agile methods Iterations are very rapid Scope decomposed to requirements – Product backlogUsed when environment changed rapidlyRequirements & scope not defined in advance

Intentionally repeat one or more activities Increments add functionalities of product During repetition, all PM process groups will be performedTo manage change of objective or scope

Adaptive Iterative & Incremental

HOW WELL DID YOU PAID ATTENTION? PART

PROJECT

LIFECYCLE 4

EXERCISE

Which of the following is NOT a characteristic of Project Life Cycle

a. Starting a projectb. Organizing a projectc. Preparing a project

d. Proposing a project

ANSWER

Which of the following is NOT a characteristic of Project Life Cycle

a. Starting a projectb. Organizing a projectc. Preparing a project

d. Proposing a project

Project life cycle only begins when a project has been chosen/confirmed

EXERCISE These are the relationships amongst COST, STAFFING and TIME. Which of these is UNTRUE?

a. Cost is high at the beginning of the project

b. Staffing is high at the execution stage of a project

c. Cost is high at the middle stage of a project

d. Staffing is low at the beginning stage of a project

ANSWERThese are the relationships amongst COST, STAFFING and TIME. Which of these is UNTRUE?

a. Cost is high at the beginning of the project

b. Staffing is high at the execution stage of a project

c. Cost is high at the middle stage of a project

d. Staffing is low at the beginning stage of a project

Part1 Part2 Part4Part3

Project Program Portfolio PMO

Time Cost Scope Resource Quality Risk

Functional Projectized Matrix

Product Lifecycle Project Lifecycle

4’P’s Constraints Organizational Structure Lifecycle

Image courtesy of Master isolated images / FreeDigitalPhotos.net

And…… WE ARE DONE!!!

QUESTIONS?

FEEDBACK?

slideshare.net/MayWongMC

@mayscloset

YOUTHANK