Project Life Cycle
Application of Value Analysis/Engineering methods during different Phases of Project Life Cycle
CONTENTS
PARTICULARS PAGE NO.
1. ACKNOWLEDGEMENT 3
2. EXECUTIVE SUMMARY 4
3. INTRODUCTION 5 3.1 Value Engineering defined 5 3.2 Project life Cycle defined 7 3.3 Phases of Project Life Cycle 7
4. APPLICATION 9 4.1 Definition for Construction Industry 9 4.2 EXAMPLES 10 4.3 ILLUSTRATIONS 11
5. CONCLUSION 14
6. REFRENCES 15
ACKNOWLEDGEMENT
We would like to express our gratitude to Mr. Manohar Gulati who gave us valuable advice and shared his views which were extremely helpful in preparing this report. It would not have been possible to prepare this report without his guidance. He has taught us different topics of Project Management which has helped us to write this project report. He imparted us knowledge about quality management, time relationship with project. His guidance and vision helped us in exploring different ways to complete this challenging task.
EXECUTIVE SUMMARY :-
The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently
CONTENTS
PARTICULARS PAGE NO.
1. ACKNOWLEDGEMENT 3
2. EXECUTIVE SUMMARY 4
3. INTRODUCTION 5 3.1 Value Engineering defined 5 3.2 Project life Cycle defined 7 3.3 Phases of Project Life Cycle 7
4. APPLICATION 9 4.1 Definition for Construction Industry 9 4.2 EXAMPLES 10 4.3 ILLUSTRATIONS 11
5. CONCLUSION 14
6. REFRENCES 15
ACKNOWLEDGEMENT
We would like to express our gratitude to Mr. Manohar Gulati who gave us valuable advice and shared his views which were extremely helpful in preparing this report. It would not have been possible to prepare this report without his guidance. He has taught us different topics of Project Management which has helped us to write this project report. He imparted us knowledge about quality management, time relationship with project. His guidance and vision helped us in exploring different ways to complete this challenging task.
EXECUTIVE SUMMARY :-
The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently