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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.
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.
A Guide to the Project Management Body of Knowledge — Sixth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle. [9] and for the first time it includes an "Agile Practice ...
A systems development life cycle is composed of distinct work phases that are used by systems engineers and systems developers to deliver information systems.Like anything that is manufactured on an assembly line, an SDLC aims to produce high-quality systems that meet or exceed expectations, based on requirements, by delivering systems within scheduled time frames and cost estimates. [3]
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]
In project management it is a method comparable to PRINCE2 and describes methods for project management as well as methods for system development. The V-model, while rigid in process, can be very flexible in application, especially as it pertains to the scope outside of the realm of the System Development Lifecycle normal parameters.
The waterfall model is the earliest Systems Development Life Cycle approach used in software development. [ 3 ] The waterfall development model originated in the manufacturing and construction industries, [ citation needed ] where the highly structured physical environments meant that design changes became prohibitively expensive much sooner in ...
The unified process requires the project team to focus on addressing the most critical risks early in the project life cycle. The deliverables of each iteration, especially in the elaboration phase, must be selected in order to ensure that the greatest risks are addressed first.