![]() ![]() The reason this model is inadequate is because it fails to account for the human capital component that exists at professional service organizations. The standard, linear life cycle model is not adequate for the complexity of projects in professional services. That is, once a project is completed, tools are archived, resources are sent to new projects, the job is closed out and then the entire process starts over. The standard project life cycle model consists of four very distinct project phases that have deliberate start and end points. The key difference between the standard Project Life Cycle and the Professional Services Project Life Cycle is that the standard life cycle lacks fluidity and feedback between projects. What is the Professional Services Project Life Cycle? Resources released back to parent organization.Personnel and tools are reassigned to new duties.Has a project post-mortem been planned?.Have all project artifacts been collected and archived?.Is there a project closure report in progress?.Are the project’s completion criteria met?.Ask yourself the following questions during Termination This phase begins once the project has been completed. The fourth and final phase is called Termination Phase, also referred to as Project Closure. Are there major roadblocks that require change management?.Ask yourself the following questions during Execution During this phase, performance is continually measured to ensure the project is successful. Required materials, tools and resources are transformed to reach the project goals. This is when the actual work of the project is performed. Beginning to allocate tasks to certain resources.Can you adequately schedule and budget high level milestones?.Do you have a high level description of the project, requirements and risks?. ![]() Are there measurable objectives or success criteria?.What is the project purpose, vision, or mission?.Ask yourself the following questions during Planning Once management has given the OK to launch a project, a more formal set of plans-outlining initial goals-is established. The Plan Phase is focused on scheduling and staffing projects at a professional services organization. Creation of the statement of work (SOW).The Conceptualization Phase typically involves Do we have enough resources to create and support the project?.What are the specific goals of the project?.Will the development of a project solve that problem?.Ask yourself the following questions during Conceptualization This can also be referred to as the ‘Initiation Phase’ and is the starting point of any project or idea.įor the Conceptualization Phase to begin, a strategic need for the project or service must be recognized by upper management. What is the Standard Project Life Cycle?Īccording to the Project Management Institute, the project life cycle is critical for any managers hoping to deliver projects to clients successfully. Try Project Life Cycle Software Free Request A Demoįirst, let’s dig into the standard definition of a project life cycle and then we can see how the Professional Service Life Cycle compares to the standard. Due to the constant involvement of clients, professional services require a unique project life cycle that involves a recurring feedback loop to ensure project success. That is, professional services lend their expertise to other companies in exchange for profit. In professional services, unlike other businesses, their product is their people. The standard project life cycle works for some project managers, but professional services need a more robust process. Lesser known but growing in popularity, the Professional Services Life Cycle exists because the standard project life cycle does not fit everyone’s needs. The Project Life Cycle is the standard process by which teams achieve project success. It has been found that following a project life cycle is critical for any services organization. Leaders in project management have conducted research to determine the best process by which to run projects. The Project Life Cycle provides a framework for managing any type of project within a business. This is the standard project life cycle most people are familiar with. The Project Life Cycle refers to the four-step process that is followed by nearly all project managers when moving through stages of project completion.
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