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Project cycle management (PCM) is the process of planning, organizing, coordinating, and controlling a project effectively and efficiently throughout its phases, from planning through execution then completion and review to achieve pre-defined objectives or satisfying the project stakeholder by producing the right deliverable at the right time, cost and quality.
The extreme approach, conversely, does not run constantly, instead adapting the project activity during the process, which leads in the final stage to a desired result. [3] An extreme project management life cycle model is one that proceeds from phase to phase based on very limited knowledge of goal and solution.
Enterprise life cycle, the process of changing a business enterprise; Project life cycle; Product lifecycle, the stages in the lifespan of a commercial or consumer product; New product development, the process of bringing a new product to market; Life-cycle assessment, the analysis of the environmental impacts associated with a product
Successful project management identifies these components, and tracks and monitors progress, so as to stay within time and budget frames already outlined at the commencement of the project. Exact methods were suggested to identify the most informative monitoring points along the project life-cycle regarding its progress and expected duration. [46]
The enterprise life cycle is a key concept in enterprise architecture (EA), enterprise engineering [2] and systems engineering. [3] The Enterprise Architecture process is closely related to similar processes, as program management cycle or systems development life cycle, and has similar properties to those found in the product life cycle.
The systems development life cycle. Schedules in project management consists of a list of a project's terminal elements with intended to start and finish dates. Scientific management is a theory of management that analyzes and synthesizes workflow processes, improving labor productivity.
Sometimes the term business life cycle is used interchangeably with the organizational life cycle, while the two are different. The organizational life cycle is a more inclusive term for all kinds of organizations which includes even government organizations , but the business life cycle refers more specifically only to for-profit companies .
A life-cycle "model" is sometimes considered a more general term for a category of methodologies and a software development "process" is a particular instance as adopted by a specific organization. [ citation needed ] For example, many specific software development processes fit the spiral life-cycle model.