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Project Management Life Cycle Models

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Project Management Life Cycle Models

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Before I start discussing the five project management life cycle models, it is very important to understanding below project management landscape and its four Quadrants: Quadrants 1: Contains Traditional Project Management (TPM), this approach has a clear project goal and clear project solution. Quadrants 2: Contains Agile Project Management (APM), this approach has a clear project goal and not clear project solution. Quadrants 3: Contains Extreme Project Management (xPM), in this approach both project goal and project solution are not clear solution. Quadrants 4: Contains Emertxe Project Management (PMx), this approach has not clear project goal and clear project solution.

According to (Wysocki, 2012) there are five Project Management Life Cycle (PMLC) models that can be used to manage and execute different types of projects. Each PMLC model has different project management approach in the sequencing of the five process groups; scoping, planning, launching, Monitoring & controlling, and closing. The five PMLC models are: 1)Linear

2)Incremental
3)Iterative
4)Adaptive
5)Extreme

Below are the five PMLC models and potential risks and failures associated with each model and its mitigation strategies:

1)Linear PMLC:
This model is the simplest PMLC model, it is based on the TPM approach. In the linear model the relationship between the five process group is follow the sequential style. The sequential relationship means that the planning process can not start before the completion of the scoping process, the launching process can not start before the completion of the planning process, the monitor and control process can not start before the completion of the planning process, and the closing process can not start before the completion of the monitor and control process.

Risks, failures, and mitigation strategy:
According to (Wysocki, 2012) below are the risk and mitigation strategy for this model:
One of the major risks related...