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Keeping your project on track from start to finish with no wastage of resources, time, and money depends on how well you manage its lifecycle phases. Technically, this is called Project Management Cycle.
The number of phases of the project management lifecycle may vary depending on the type of project and its requirements; however, in this post, we will discuss five major phases and the steps you should take during each.
What is Project Life Cycle?
When completing a project, project managers must go through the project life cycle. To help you negotiate each phase, we have compiled a list of the Top 10 Project Management Cycle Templates.
Let’s explore.
Template 1: Project Management Lifecycle Methodology
This flagship product is an all-rounder. From dimensions of project planning to elements of the project life cycle, the PPT deck takes you on a journey of building an inclusive project management lifecycle methodology. This content-ready PowerPoint Template is designed to help you grab your audience's interest and deliver an impactful presentation. Download it now.
Template 2: Project Management Lifecycle Template
If explaining project management lifecycles phases through graphics was an art, this template is a Picasso! It visualizes information concerning each phase into bullet points, making it digestible for your audience (without giving them hiccups). From conceiving the project to its completion, we have prepared this template that does the groundwork for you to build a clear project management lifecycle. Get it now.
Template 3: Five Pillars of Financial Project Management Cycle
Financial project management can be nerve-wracking without proper knowledge of the subject. You wouldn’t want to be standing at the center stage, not knowing enough with people expecting you to explain the financial management cycle. Our PPT Template apprises you with the five pillars of the financial project management cycle. Completely editable, this product is the right fit for you. Get it now.
Template 4: Four-Staged Sequential Project Management Life Cycle
The second template you saw in this list was a visual framework, and we understand some of you might need something different. SlideTeam is the platform where you can get your presentation requirements addressed. Here’s a similar four-staged project management life cycle PPT Theme that looks like a blue-colored Audi logo. Take your presentation to the next level at top speed by downloading this template.
Template 5: Project Management Cycle Showing Approach to Managing Projects
Constructing plans to manage projects is often tiring. Our illustrative template on the project management cycle highlights the approach to managing projects in an effective manner. It is a much-needed pause in your hectic schedule. Don’t ache your back developing project management plans when you can have a predesigned template ready for download.
Template 6: Integrated Project Planning and Management Cycle Template
Bring coordination among all elements of your project using this exemplary template. Its circular wheel graphic describes critical points in the project planning and management cycle. This PPT Template lets you:
- Conceptualize ideas
- Plan, implement, and monitor actions
- Analyze results
Download it now.
Template 7: Cycle of Agile Project Management Template
Project managers must oversee the project and handle it correctly at each stage. Dividing the project into levels also aids in better management of the entire process. This PPT Template will assist you in doing just the right thing. Incorporate this design and take charge of your business operation. Download now!
Template 8: Five Phases of Project Management Life Cycle
Project lifecycle management may appear to be a simple task. Still, anyone who has managed a project knows it is quite complicated, which is why the project life cycle is valuable. This PPT Template includes necessary phases to help you out, such as project closeout, initiation, execution, etc. This slide is a must-have. Get yours right away.
Template 9: Cycle for Project Management PPT Slides
Employ this PPT Layout and ensure your project life cycle visualization is consistent with your company's branding and professional outlook. Design, development, analysis, and evaluation are the steps that are discussed here. Download it now and see it doing wonders for you.
Template 10: Project Management Life Cycle Showing Four Phases with Value of Percentage
Successfully managing projects relies heavily on a thorough understanding of the phases and activities that comprise the project lifecycle. That’s exactly why our template is curated for you. The four stages showcased in this design will guide you through your project management journey like no other. Get it now.
FAQs on Project Management Cycle
What are the Five Stages of the Project Life Cycle?
Breaking down projects into stages makes managing, controlling, and improving the quality of work systematic and organized.
Project Initiation
The first phase will lay the groundwork for the subsequent stages of project management. It is the section where you will define the project.
Project Planning
During the project management life cycle planning phase, you will devise a strategy for carrying out project steps. Here, you determine what needs to be done (to the most granular level of detail) to achieve previously defined goals.
Project Execution
During the execution phase, you put your plans into action. The project manager's role is to spot and minimize errors and supervise the team while ensuring everyone follows the original plan.
Project Monitoring
During this phase, the project manager is responsible for monitoring performance and communicating project status to stakeholders.
Key Performance Indicators (KPIs) can be used to track progress, such as meeting deadlines, staying within budget, and delivering project outcomes.
Project Completion
When the final product is delivered, this phase marks the end of the project. You can apply what you've learned to improve project processes and teamwork.
What are the five phases of agile project management?
The Agile Project Management framework has five distinct phases that occur during the course of a project's development:
- Envision Phase
- Phase of Speculation
- Phase of Exploration
- Adaptation Phase
- Phase of Closure
All are important, with the phase of exploration being the most detailed and lengthy.
What is the difference between Agile and Scrum?
The primary distinction between Agile and Scrum is that while Agile is a project management philosophy that employs a core set of values or principles, Scrum is a specific Agile methodology used to facilitate a project. Businesses that adopt the Scrum methodology deliver products at a faster rate in the market, which ensures higher productivity.
What are the five phases of Scrum?
There are five Scrum phases of effective project management:
- Initiation
- Estimation and Planning
- Implementation
- Reviewing
- Releasing
All phases are important and help a business be more efficient.
