Asked by Jordan Edmundson on Apr 24, 2024
Verified
Congratulations! Your company CEO has put you in charge of a team responsible for developing a new toy for the upcoming holiday season. Describe in detail the project life cycle stages your project will go through? What scheduling tool might be useful for your team and why?
Project Life Cycle
The stages through which a project goes from initiation to completion, typically including initiation, planning, execution, monitoring/control, and closure.
Scheduling Tool
Software or methodologies used for planning and organizing work and tasks within a given timeframe, ensuring efficiency and time management.
- Understand the use and operation of the Project Evaluation and Review Technique (PERT) within project management.
- Utilize project scheduling instruments correctly to oversee tasks and timelines efficiently.
Verified Answer
AA
Ashley AlimoApr 30, 2024
Final Answer :
The four-stages of the project life cycle:
1. Conceptualization - our team will look at the big picture as we develop project goals, budget and schedule.
2. Planning - we will examine the details by acquiring necessary facilities, equipment and personnel. We will also work with individuals to set goals and we will coordinate\schedule individual and team efforts.
3. Execution -we will proceed with the implementation of our plan, we will also be monitoring progress and taking corrective action as necessary to meet our CEO's expectations and complete on project on time and under budget.
4. Termination - we will turnover the project to other departments for next phase of commercialization while we look forward to the next innovation project.
A Gantt Chart will be helpful for scheduling as it will allow us to view and track steps in the project along with timelines and actual progress.
1. Conceptualization - our team will look at the big picture as we develop project goals, budget and schedule.
2. Planning - we will examine the details by acquiring necessary facilities, equipment and personnel. We will also work with individuals to set goals and we will coordinate\schedule individual and team efforts.
3. Execution -we will proceed with the implementation of our plan, we will also be monitoring progress and taking corrective action as necessary to meet our CEO's expectations and complete on project on time and under budget.
4. Termination - we will turnover the project to other departments for next phase of commercialization while we look forward to the next innovation project.
A Gantt Chart will be helpful for scheduling as it will allow us to view and track steps in the project along with timelines and actual progress.
Learning Objectives
- Understand the use and operation of the Project Evaluation and Review Technique (PERT) within project management.
- Utilize project scheduling instruments correctly to oversee tasks and timelines efficiently.