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The PMBOK and its Five Project Lifecycle Phases

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You're familiar with the PMBOK and its five project lifecycle phases. Have you applied them on other projects? How do you envision those phases applying to your project at LRH?

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Projects are used today as a way of achieving a variety of outcomes- in local or international locations for new constructions, new product development product improvement, process design, process improvement, utility installation, theory and technology development, and many more. Bringing a project to a successful conclusion requires the integration of numerous management functions like controlling, directing, team building, communication and others. It also requires cost and schedule management, technical and risk management, conflict and stakeholder's management, life cycle management (My past papers)
PMBOK describes five key processes: initiating, planning, executing, controlling, and closing. Initiating processes refer to those that take place at the very beginning of the project. Thus trade show project will involve a high-level definition of scope, and the project charter are generated during the initiating processes. Planning processes result in the creation of the various project plans that the team will follow to deliver the project's objectives. Executing and controlling processes refer to the activities that the project manager completes while the project team is developing the products. This includes gathering and communicating status, recording and resolving issues, and acting to maintain progress on the project's schedule. Closing processes are those things that must be completed to shut down and archive the project.

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PMBOK: Identify the five project lifecycle phases and their components

Task Name: Phase 2 Discussion Board

Details: You're familiar with the PMBOK and its five project lifecycle phases. Have you applied them on other projects? How do you envision those phases applying to your project at LRH? Explain which if any phases will be more complicated than other phases.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

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Objective: Acquire basic knowledge of the contents of the PMBOK.
Identify the five project lifecycle phases and their components.
Use effective communication techniques.

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