Basic Project Life Cycle Model

Types of Projects

Basic Project Life Cycle Model

Public or Social Projects

Community Projects

Productive or Private Projects

Research Projects

execution

Planing

Monitoring and Controllling

Closure

Initiation

In this phase, the purposes, objectives and scope of the project are determined, what problem it will solve. It is also essential to align the parties involved to achieve common objectives and be able to carry out a successful project.

In this phase, the project infrastructure is built, it is responsible for allowing the final objective to be achieved. And that it be done within the predetermined limitations of time and budget.

This phase is when ideas and planning begin to come to life and the vision of the project materializes through the coordinated action of teams and resources. The execution phase also involves the management of financial, human and material resources, since a large part of the budget is consumed in this phase.

In this phase, the actual progress of the project against the plan is monitored and the necessary corrective measures are implemented to make any type of adjustment in a timely manner. With data analysis, the impact of deviations is evaluated and the effectiveness of the measures is determined. corrective measures applied.

This is the final phase of a project's life cycle and is where conclusions are drawn about the entire process. It is essential to formally close the project and obtain written approval from the client and other interested parties.