Project Management Life Cycle and the needs of project manager’s knowledge of expertise

The process each manager follows during the life of a project is called the Project Management Life Cycle. A proven methodical life cycle is necessary to repeatedly implement and manage projects successfully.

During the life cycle of any project, proven and tested project management processes or best practices are should be initiated. The types and extent of processes initiated depend on the nature of the project, i.e. size, probability of failure and consequences of failure. Strong and effective leaders apply process to protect all projects.

Every project has a life cycle, with a beginning, a life and an end (defined by accomplishing the objective). The following defines a typical project life cycle  

1. Initiation  - identifying project objectives

2. Planning   - drawing a plan i.e. develop budgets, project task an d subtasks,     timeline etc.

3. Executing – execution and control

4. Closing Closeout – project handover

There are 9 major knowledge areas of project management that required expertise for all project managers. They are:

1. Scope Management
2. Communications Management
3. Risk Management
4. Human Resources Management
5. Procurement Management
6. Time Management
7. Cost Management
8. Quality Management ƒ
9. Integration Management

Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project.

Assignment question:

You are required to submit a project proposal in detail for a grand opening of a boutique in Damansara Area. The place that you choose would be considered as the area where the owner has its boutique operates. The project owner and project sponsor is the same person. In  a norm situation, a project proposal is after the problem identification, identifications of needs, RFP and solution. The solution would be considered as the Project Proposal.

Font: Arial

Size : 12

Word counts: 2-500 - 3,000 words.

Presentation:

Your project proposal on the grand opening of the boutique has been accepted and the  project owner wants to open a boutique in Damansara Area.  You are to present this project proposal to the project owner. 

Slides : 5-7 slides