The Project Management Cycle Existing practices in the public sector exhibit a lack of integration between project delivery and the organizational strategy. A project management life cycle is a five-step framework planned to assist project managers in completing projects successfully. Program Manager: The person involved in managing the program and the associated projects, and who serves as a bridge between the organization and the project members. As we have mentioned before, the following three component level sub-phases are repeated several times during the program benefits delivery: The program benefits delivery phase ends when the program’s planned benefits are achieved or whenever a decision is made to terminate the program. Project Execution 4. Once the program is initiated and the team members are identified, the program managers, along with the members, are headed towards enforcing the tasks for creating benefits to the organization in terms of maximizing its profits and achieving its objectives. Life Cycle Management (LCM) â¢ âLife Cycle Management is the implementation, management, and oversight, by the designated Program Manager (PM), of all activities associated with the acquisition, development, production, fielding, sustainment, and disposal of a DOD system across its life cycle.â (JCIDS Operation Manual) In program lifecycle management, a phase is defined as the stipulated time frame within which a series of events and activities take place as part of the development of the program. Let us look at the implementation phase in the next section of the program lifecycle management tutorial. Initiating 2. When discussing project management phases, the mention of project life cycle is inevitable. Project cycle management is a long and complex process that requires a dynamic and expansive set of tools to track all the data it collects. Project Initiation 2. The course will be divided by the project life cycle phases. Describe program definition 3. The purpose of the program closure is to bring about an orderly and controlled closure for a program. During the first of these phases, the initiation phase, the project objective or need is identified; this can be a business problem or opportunity. The program exists to build products/deliverables that create business benefit for the organization. Let us now check your understanding of the topics covered in this lesson. Managing a program involves a series of transformation phases wherein each phase permits the program to move to the next phase until it reaches the closure state. Between the beginning and end points, the project can be divided into four phases... 1. Project Management Life Cycle Course 1 of 4: MicroMasters® Program in Project Management 10 weeks total 8 â 12 hours each week 979 Finally the program appraisal, based on the realisation of benefits, can only be made at operational level. Defense Acquisition Life Cycle Compliance Baseline (Pre-Tailoring) Acquisition & Procurement Milestones, Phases and Decision Points These decision points, milestones and phases are standard elements of the Defense Acquisition System; however, MDAs, with PM input, have full latitude to tailor programs in the most effective and efficient structure possible, unless constrained by statute A project manager decides and implements the work instructions, procedure, network plans, and project management software for the execution of a project. : The office of the program manager and his team that inspects whether the performance of the project team members is in accordance with the strategic goal of the organization and there is no deviation from the same. This table is also present in the program management standard. This phase determines the program objectives and goals that will receive complete support and approval from the members of the executive committee, stakeholders, and the portfolio management committee. Similarly, HR management is replaced with resource management to indicate the fact that program managers manage all the resources for a program – not just the people. So in this phase, there are two major activities that are performed, which are further elaborated in the sub-phases, which we will be discussing later. Program Director: The person in complete possession of the program is the director or the executive sponsor. Recently, both the UK Office of Government Commerce (OGC) with Managing Successful Programmes and the Project Management Institute (PMI) with Standard for Program Management have aimed to clarify the lifecycle of the program and distinguish it from the project lifecycle. Before approval of the program, the boards (comprising executive and stakeholder members) carry out a selection process by preparing a mandate, to ascertain the pros and cons of implementing the program in the organization. The project phases make up a project life cycle, and as such, the phases are tailored to fit a projectâs needs. Preparing for a career in Project Management? A program manager’s role is to orchestrate the activities of the program and its various components through its various life cycle stages. With this, we have come to the end of this lesson. There are five dominant phases that determine the successful tenure of a program. You will learn about the project management life cycle from initiation to closing. Let us next discuss program benefits delivery in the following section of the program lifecycle management tutorial. The fundamental difference is that while program management aims at dealing with results and gains and its value to the organization, project management aims at delivering products on time and obtaining customer satisfaction. PCM uses the idea of a continuous learning cycle and incorporates logical framework analysis to guarantee that the beneficiaries are involved in the project's design. Interested in our PMI-PgMP Course? During deployment, projects are initiated, planned and executed and other supporting activities are undertaken; project reviews, including approval of deliverables, take place during this stage. The program manager positions the components to ensure successful completion of the program. Here, we provide a foundational program life cycle that organizes work into the stages of transition to startup, startup, execution, and transition and close-down. -Program Life Cycle Management Provide six actions related to component interdependencies for the program manager to oversee and analyze. The Project Management Cycle www.pm4dev.com inputs, processes, outputs, feedback, and controls. This phase of benefits management mainly focuses on the associated projects of the program and their deliverables. Consequently the PM is responsible â¦Continue Readingâ The design of the program management plan for executing the program, Any other constraints that affect the development of the program. This type of program lifecycle can be summarised in five generic stages or processes: Importantly, the formulation of the program occurs at strategic level and involves the strategic actors and decision-makers. Identifying the key stakeholders and their expectations/interest 3. Project ClosureLet's take a closer look at each phase of the project life cycle. The initiation stage of the project management life cycle is when you meet with clients and stakeholders to understand their goals, motivations, and hopes for the project. Learn about the life cycle components in program management and how they are mapped to the program supporting activities. This typically happens during the formulation phase. We will address the behavioral and quantitative facets of project management, as well as the use of methods, tools and techniques for the initiation, planning, execution and closing of projects. The program development life cycle is a set of steps or phases that are used to develop a program in any programming language. Most books and guides on program management written in the last 10 years have suggested program ‘phases’, which are simply transpositions of the project linear perspective. Program complexity and organizational culture drive approaches to work and change. The Project Management Life Cycle For project managers seeking to understand their process and work according to best practices, they are often guided by the PMI standards of practice which outlines the project management life cycle. Phases of a Project Life Cycle. The project management life cycle is really just a highfalutin way of describing the life of a project. In both cases the cycle concerns mostly the delivery of benefits where, as you go along, you could review objectives in regard to emergent inputs, what the PMI calls “adaptive change”. The main objective of this phase is to establish a firm foundation of support and approval for the program. a good piece of work ,but its too shallow ,it was going to be excellent with detail, Michel Thiry is managing partner of Valense Organizational Consultants and Adjunct Professor at UTS, Sydney. These activities may go by different names, depending on the methodology, but tend to be similar in nature. They are: Construction Phase (Building Program Management and Technical Infrastructure Teams). Let us concentrate on the methods that the Program Manager adopts to achieve maximum benefits from a program. Value, which refers to ascertaining the methods of managing the affairs of the program on account of trade-offs. In the early 2000s, PMI administrators, leaders at the global and chapter levels, and committee volunteers became aware that men and women who were committed to effective project management practice were clamoring â¦ This phase focuses on the completion of the program period and documenting the failures and successes that accrue from the program. This phase comprises two sub-phases program transition and program close-out. Once a project is given the green light, team members will be briefed on the projectâs objective and assigned goals during the Initiation Phase. During this stage the aim is to hash out the high-level goals that must be met for you to consider the project a success. The program mandate, also known as the program brief, consists of minimum objectives of the program, its benefits, and the manner in which the program aids in achieving the strategic goal of the organization. Project management life cycle is the term used to describe the series of phases a project passes through from its start to its completion. : A person involved in making program-related decisions and is always associated with the program management office. Once the program has been approved, the setup phase begins whereby the factors that enable the attainment of program objectives are determined. When the components are completed, they are transitioned and closed. These periods of stability, which usually correspond to stage gates, are typically determined when pacing the program. Next, there is program benefits delivery. Developing a high-level business case to justify the program 5. Below are diagrams that represent my own interpretation of the lifecycles that are described in these guides/standards. There are many ways to look at the lifecycle of a program. Let us discuss program life cycle in the next section of this tutorial. Explain program formulation and preparation 4. â¢ Life-cycle environmental and economic assessment can be conducted using the system. The realisation of benefits is reported directly at the strategic level for approval to continue, or the decision to realign, suspend or stop the program. We know that each program is comprised of a number of related projects and the success of the program is dependent on the success of its projects. Planning Phase:5 3. The Program lifecycle predominantly resembles the project management lifecycle. With this, we have come to the end of this lesson. The definitive reference on program management, Program Management: A Life Cycle Approach provides this much needed guidance. The PM life cycle contains the steps you need to deliver your project on time. The life cycle of any project can get confusing. The definitive reference on program management, Program Management: A Life Cycle Approach provides this much needed guidance. The major output of the program definition phase is, therefore, the program management plan. In the world of ever-changing technology and business trends, project management is in great demand. Program Team: The team whose members are associated with the Program Manager to assist him in leading the team in a better manner This organizational structure of the program enables the program manager to direct the project managers and his team to achieve the strategic goals of the company. The program life cycle mainly focuses on the following three main attributes: Benefits acquired from the Program (the deliverables), Rules governing the development of the program lifecycle. All Rights Reserved. This is where the major work of the program is carried out, and the program starts delivering the benefits. The benefits acquired from the program should be consolidated and transferred to the ongoing program. Sometimes, the greatest opportunities for reducing To clarify, we first need to explâ¦ You will also observe that not all the columns in the table are filled. Featuring Modules from MIT SCC and EC-Council, Lesson 02 - Introduction to Program Management, Lesson 06 - Program Stakeholder Engagement, Lesson 08 - Program Life Cycle Management, Lesson 09 - Program Management Supporting Processes: Program Definition Phase, Lesson 10 - Program Management Supporting Processes: Program Benefits Delivery Phase, Lesson 11 - Program Management Supporting Processes: Program Closure Phase, Data Science Certification Training - R Programming, Certified Ethical Hacker Tutorial | Ethical Hacking Tutorial | CEH Training | Simplilearn, CCSP-Certified Cloud Security Professional, Microsoft Azure Architect Technologies: AZ-303, Microsoft Certified: Azure Administrator Associate AZ-104, Microsoft Certified Azure Developer Associate: AZ-204, Docker Certified Associate (DCA) Certification Training Course, Digital Transformation Course for Leaders, Salesforce Administrator and App Builder | Salesforce CRM Training | Salesforce MVP, Introduction to Robotic Process Automation (RPA), IC Agile Certified Professional-Agile Testing (ICP-TST) online course, Kanban Management Professional (KMP)-1 Kanban System Design course, TOGAF® 9 Combined level 1 and level 2 training course, ITIL 4 Managing Professional Transition Module Training, ITIL® 4 Strategist: Direct, Plan, and Improve, ITIL® 4 Specialist: Create, Deliver and Support, ITIL® 4 Specialist: Drive Stakeholder Value, Advanced Search Engine Optimization (SEO) Certification Program, Advanced Social Media Certification Program, Advanced Pay Per Click (PPC) Certification Program, Big Data Hadoop Certification Training Course, AWS Solutions Architect Certification Training Course, Certified ScrumMaster (CSM) Certification Training, ITIL 4 Foundation Certification Training Course, Data Analytics Certification Training Course, Cloud Architect Certification Training Course, DevOps Engineer Certification Training Course, 26 hours of high quality e-learning content. For example in a software development project the project life cycle refers to the In this complete guide to the project management life cycle, weâll give the lowdown with handy links to more information on managing the different parts of the project management process. This is an iterative phase. The Product Life Cycle is a conceptual marketing concept. Then in 2003, PMI introduced its first standard for organizations called the Organizational Project Management Maturity Model (OPM3®). It takes you through the project lifecycle step-by-step, helping you to deliver projects on time and within budget.. Worldwide, there is a need for people who design, build and manage companies with environmental, societal and â¦ It is important to understand the life cycle phases and typical activities that happen during the life cycle because this has a bearing on what exactly a program manager will do in that phase. Life Cycle Engineering's (LCE) full spectrum of program support capabilities include: Program Management The key to successful program management support is providing personnel with the right skill sets and experience level. Welcome to the eighth chapter of the PMI-PgMP tutorial (part of the. Implementation, Monitoring and Controlling Phase:6 4. Project managers will understand how their role is essential to the program’s success. Order the phases of the program lifecycle 2. For project managers seeking to understand their process and work according to best practices, they are often guided by the PMI standards of practice which outlines the project management life cycle. Click here to know more! Itâs how projects happen; how the phases of a project conduct a team from brief through to delivery. Managing the benefits of a program involves a series of stages, namely: Examining the Benefits Management Techniques. The key elements that are involved in the selection and commencement of a program are: The objectives of the program which aid in achieving the company’s long-term strategic goals, Analysis of the risk factors in implementing the program, Resource Management in terms of funds, personnel, and technology, Budget Estimation for the commencement of the program. The technical base team comprises members who coordinate, contribute and guide people in fulfilling the objectives of the program. Generally, program development life cycle contains 6 phases, they are as followsâ¦. Let us look at the closure phase in the next section of the program lifecycle management tutorial. Let us start looking at the picture from left to right. Let us now move on to the next section on program lifecycle management which focuses on managing the programâs activities throughout the life cycle. Since 1996, project managers and organizations have recognized the standard for one project: Project Management Institute's (PMI®) A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Many projects of a large and complex scale are being procured in the National Health Service (NHS) under the Private Finance Initiative (PFI) procurement model. The Program Manager (PM) is the single point of accountability for accomplishing program objectives for TLCSM. In this Topic, we are going to learn about Project management life cycle. Traditionally, there are 5 stages of project management. The program definition phase consists of program formulation and program preparation. Firstly, the program sponsor and stakeholders should be informed about the closure of the program. The program manager clearly states the benefits of the program and its accomplishments to the organization. Planning 3. Within the definition, the two sub-phases are formulation and preparation. Executive Sponsor: A person involved in making program-related decisions and is always associated with the program management office. According to the PMBOK ® Guide, the elements of a project life cycle should define: What work must be accomplished The discount coupon will be applied automatically. : The person in complete possession of the program is the director or the executive sponsor. PMBOK concept of the project management cycle. The Program Manager should formulate a plan, supervise the activities, map the benefits to the program, and maintain checkpoints to determine that there are no plan deviations. Like project closures, programs are also subject to close down, and the benefits should be transferred to the customers or people within the organization. Recently, both the UK Office of Government Commerce (OGC) with Managing Successful Programmes and the Project Management Institute (PMI) with Standard for Program Management have aimed to clarify the lifecycle of the program and distinguish it from the project lifecycle. For every $1 billion invested in projects by companies in the United States, $122 million was wasted due to lacking project performance, according to Project Management Institute Research. The projects are selected based on the cost, technical relationships, and regulatory factors. The project management life cycle is a series of activities that are necessary to fulfill project goals or objectives. It establishes the basic framework that can be applied towards any kind of project from software development to construction to event planning. Program lifecycle management manages the activities related to program definition, program benefits delivery, and program closure for the entire program. Just as there are 47 project management processes divided into 5 process groups and 10 knowledge areas as described in the Project Management Body of Knowledge (PMBOK Guide) edition V, the third edition of the program management standard provides a description of 36 processes. : The person involved in managing the program and the associated projects, and who serves as a bridge between the organization and the project members. First, in this phase, the business case and desired business outcomes are outlined and translated into the strategic objectives of the program. Executing â¦ He has more than 35 years worldwide professional experience and has worked in many cultural environments and is a regular keynote speaker at major international events. The program manager should maintain a register to track the benefits acquired during the program. 5 (10) Contents1 Project Life Cycle Definition:2 Project Life Cycle Stages:3 1. The program life cycle is just that for a program manager. This depends on the needs of the organization. "Simplilearn is the best online learning platform. Program Management: A Life Cycle Approach Edited by Ginger Levin CRC Press, 2012 , ISBN: 9781466516878 , hardcover, 584 pp., $75.95 Member, $79.95 Nonmember. There are 36 program management processes that map to different phases of the program’s life cycle. An appropriate response to the need is documented in a business case with recommended solution options. Arguably the most foundational of such theories is the project life cycle, a start-to-finish blueprint for the average project management process. The construction phase is a very important phase of the program lifecycle management as it builds the program management and technical teams based on establishing the rules and regulations that govern the program. The certification names are the trademarks of their respective owners. The project management life cycle provides a framework for managing any type of project.By definition, a project has a definite beginning and end. His latest book. : The team whose members are associated with the Program Manager to assist him in leading the team in a better manner This organizational structure of the program enables the program manager to direct the project managers and his team to achieve the strategic goals of the company. The initiation lays the foundation for all future steps, all the way to the projectâs closure. The execution phase is the one where communication can really make or break a project. Project Planning 3. Plus, those phases tend to overlap. The table below provides a listing of all these processes. Overlapping the publication of OPM3®,the Program and Portfolio Management Standard (PPMS) program was chartered, followed by the development of two separate sâ¦ The managers & executives should have clear understanding of these phases in order to better control total corporate resources in the accomplishment of â¦ life cycle is a collection of project phases; these phases vary from one industry to another, but in general they include an initiation, planning, implementation, monitoring and close phase. Total Life-Cycle Systems Management (TLCSM) is an system development approach of managing a systems development from inception to disposal. In this article, weâll define the project management process and cover each phase of project management. Program work needs to be organized and staged. For every $1 billion invested in projects by companies in the United States, $122 million was wasted due to lacking project performance , according to Project Management â¦ The PM life cycle contains the steps you need to deliver your project on time. PMBOK concept of the project management cycle Itâs inevitable to discuss project life cycle while talking about project management phases. : The main focus of the members of the broad is to inspect the development of the program with regard to satisfying the strategic goals of the organization. In the subsequent sections, we will look into the program life cycle phases and subphases in more detail. Here we'll take a peek at the program life cycle management in all its phases. Let us look at the setup phase in the next section of the program lifecycle management tutorial. There are many organizational tools that are used by the program manager to track the activities and manage the program. The project management life cycle describes high-level processes for delivering a successful project. - Just like a project, a program â¦ Life cycle management does not need to consider the entire life cycle, but instead, it can consider discrete phases or parts. As the name suggests, program definition refers to “defining” what the program is all about, why it is being done, and how it will be done. Here are six things youâll need to know to start implementing in your day-to-day. During this phase, PMs first measure the feasibility and value of a project in order to determine whether or not it is worth pursuing. © Copyright Project Manager 2010 - 2019, WriterType (ABN 37 238 294 302). Project Management Life Cycle: Execution Now that youâve set everything up correctly, itâs time to bring the team on board and get to work! Vision, which is the state of the company after the closure of the program. These activities may go by different names, depending on the methodology, but tend to be similar in nature. The presence of multiâproject environments adds to the complexity of such schemes. The initial phase is the program definition phase, which is about defining the intent, purpose, and the content of a program. The project management life cycle describes high-level processes for delivering a successful project. It is the process through which executives will be able to express their needs and make sure they are fulfilled. Once the program charter is finally sanctioned, the stakeholders sign the document, and a Program Manager is appointed to officially take charge of the program. In this lesson, we would be covering the fifth program management performance domain, which is program lifecycle management. Project management has one extra knowledge area, stakeholder management. Let us continue discussing the construction phase in the next section of the program lifecycle management tutorial. Formulation means understanding the business cases, getting approvals, and forming a core team. The project management life cycle is a series of activities that are necessary to fulfill project goals or objectives. In our previous articles, we have gone over the types of project management life cycle, types of phase to phase relationships as well as the meaning of process groups and knowledge areas but in order to completely understand the fundamentals of PMP (check out our comprehensive YouTube playlist of fundamentals of PMP) we must understand the difference between Project Management Life Cycle â¦ Understanding the strategic value of the proposed change 2. It is simpler for a project manager to hanâ¦ A feasibility study is conducted to investigate whether each option addresses the project objective and a final recommended solution is determined. This is where the projectâ¦ This larger picture provides more useful results than traditional methods, and allows the project to see change as a continuous During this phase, the components will get initialized, perform their work, and get closed. Program management is the link between the business strategy and the value it will generate when implemented. After drafting the program charter, a complete program development plan is created with three main statements, namely: Mission, which is the need for initiating the program and its main goals from the organization’s perspective. Welcome to the eighth chapter of the PMI-PgMP tutorial (part of the PMI-PgMP® Certification Training.). â¢ The design alternatives can be analyzed Once the factors are analyzed, the Program Manager categorizes the projects to be associated with the program. This is addressed as a “domain” within program management. Projects are a part and parcel of our professional life. PMs should be working closely with their clients and eâ¦ In program management, cost management is replaced with financial management, to indicate the fact that program managers deal with the overall financial framework and not just costs on a program. The program manager develops techniques and processes to key out, record, track changes and maintain the benefits created by the program. We will look at these phases in detail in the following section of the program lifecycle management tutorial. We will continue discussing the conceptualization phase in the next section of the program lifecycle management tutorial. For information on the process groups involved in the program management lifecycle, access the Process Groups document from the “Additional Reading” section. Project Cycle Management or PCM is an approach that allows you to manage many different projects and improve the quality of your projects over time. The PMI(Project Management Institute) have defined these five process groups which come together to form the project management lifecycle The PMBOK project phases are: 1. These processes are divided into 9 knowledge areas and 3 life cycle phases. Let us discuss the conceptualization phase first in the next section of the program lifecycle management tutorial. As you may observe, the first column contains a description of the knowledge area that the processes belong to. However, all the knowledge areas contain at least one definition and at least one benefits delivery process. We will continue learning about the setup phase in the next section of the program lifecycle management tutorial. Program Office: The office of the program manager and his team that inspects whether the performance of the project team members is in accordance with the strategic goal of the organization and there is no deviation from the same. This is the key phase in which the work of the program is carried out. There are only 3 knowledge areas where closure activities are performed. Wasted money and resources can be prevented with effective project management, as 57% of unsuccessful projects fail due to communicatiâ¦ Successful completion of a project is not an easy endeavor. For example, there is no scope management process in the program closure phase. It shows the stages a product goes through from when it is first introduced to the market until it is removed. The program does not exist to execute program management processes. These are integration management, financial management, and procurement management. In this stage, you and your team will identify the key issues the new project will strive to soâ¦ Let us look at the construction phase in the next section of the program lifecycle management tutorial. Edited by Dr. Ginger Levin, the second person to become a PMI(R) certified program manager The Project Management Life Cycle Page 5 of 10 AEW Services, Vancouver, BC ©2007 Email: firstname.lastname@example.org "Create a quality plan: Meeting the quality expectations of the customer can be a challenging task.To ensure that the quality expectations are clearly defined and can reasonably be achieved, a quality plan is A program-level management system for complex building projects was developed. The structuring part of the organisation stage as well as the management of projects in the deployment stage, are performance cycles where project management tools and techniques can be appropriately used. Deduce the required elements that constitute the effective handling of benefits in a program by applying concise metrics. After the transition is complete, the program is closed. The major activities within this phase are as follows: The program components are initialized and planned; their output is integrated and managed so that the program benefits are realized. In the next lesson, we will look into the program definition phase of the. The program set up phase is the core area of planning the execution of the program and involves making many decisions and creating several documents such as: Defining the activities and placing them in sequence, Evaluating the cost estimates and budgets, Personnel management and staff allocation. In the closure state, the Program Manager releases the resources (personnel and technical), program management team, the administrative support team, and vendors that were used for the development of the program. The formulation and the strategy development part of the organisation stage are learning cycles, as is the appraisal of benefits realisation. The life of a program officially begins when the funding is approved for a program or a program manager is appointed. The Program benefits delivery phase starts after the program management plan is reviewed and approved by the program governance board. Understanding the program management lifecycle, Government funding supports better project delivery, Remote workers prefer trust over technology, Flexibility is key to post-COVID work practices, AIPM celebrates 20 years of project excellence, Design and Building Practitioners Bill not adequate for projects, says AIPM, Project Management and its Barriers—Joelle Jello, Project and organisational barriers in the site inspection phase—Amish Trilok Joshi, Improving project performance through tacit knowledge sharing—Katja Sinning, Learning styles in today’s business domain—Nick Dominique-Bouvat, The importance of effective knowledge management and conversion—Alice Chivell, Mature portfolio management offices—a key to success. A sound program management lifecycle should reflect this perspective and allow for feedback from the measure of benefits at operational level to the strategy itself. Knowing the key stages of a project life cycle can help you effectively manage a project and the team completing the tasks. Project Management Life Cycle and Project Management Methodology. Whether you are an executive, a sponsor, a user, a program or project manager, guides and standards can be useful, but it is your responsibility as a program stakeholder to understand what your role in a program is and how program management can help your organisation achieve its objectives. Learn the five phases of the project management lifecycle that can help make a large project more manageable and increase your team's potential for success. All the details, information, communications and records of the program should be delivered to the organization, and they become the assets of the company for any future references to build another program or incorporate them in the existing programs. No parts of this site can be copied without the explicit permission by the owner. Securing approval to start the program 6. Let us now focus more on program benefits delivery in the next section of the program lifecycle management tutorial. The Gartner Adaptive Program Management Life Cycle provides context for large, complex programs where the key characteristics are a people-led, iterative approach, with a clear vision of the end state and a strong The components of the program get initiated, authorized, and planned in this phase. Benefits management activities take place across the program life cycle, as shown in this graphic adapted from the Standard for Program Management: Program benefits can come about in â¦ In the next section of the program lifecycle management tutorial, we will look at the objectives of this lesson. Edited by Dr. Ginger Levin, the second person to become a PMI ® certified program manager (PgMP ® ), this handbook presents a cohesive compilation of program management knowledge from more than 20 certified PgMPs. The program managers, project managers, and the team members strictly follow the rules and regulations in order to uniformly carry out their duties and to accomplish the objectives of the program. Meeting the scheduled requirements of the program, Supervising, discovering, and documenting any changes, Communicating with the company’s stakeholders to update the status, Identifying risk factors, and performing risk mitigation and documentation of risk elements, Evaluating and approving any program change requests, Coordinating with the project managers and allocating resources, schedule activities, and inspecting performance. This view can jeopardise the effectiveness of program management and its capability to deliver strategies. Within program closeout, the following activities are performed. Project Life Cycle Management Essentially a project life cycle is the logical break down of what to do âto deliverâ the output of the project. This is where many people might get confused. Let us understand the program life cycle with the help of a diagram in the next section of the program lifecycle management tutorial. The project initiation phase is very important. After completing this lesson, you will be able to: 1. Life Cycle Management (LCM) â¢ âLife Cycle Management is the implementation, management, and oversight, by the designated Program Manager (PM), of all activities associated with the acquisition, development, production, fielding The time was managed ver...", "I did my PMI-ACP course with Simplilearn. There are a lot of activities going on at different phases of a project. Knowledge and planning for the five project management steps will help you plan and organize your projects so that it goes off without any hitches.