Illustrate Typical Phases of a Project Lifecycle Essay

Here is an theoretical account diagram of a have life cycle.The regard starts with the initiation, this is where you need to limit what your project is so you have a clear specification of what you exigency to achieve at the end. The next stage is planning, when planning it is important to pip a clear and simple action plan. With this it bequeath be easier for you to non only fol meek the plan, but too to check back at you plan and see what you still need to do. Financial plans ar also vital to achieve your goals, Clear budgets and forecasts should be made to each(prenominal)ow you to be ready for your cost. A action plan would also be efficacious so you are ready in case any un computeed-for costs should arise The next stage is project execution.This stage is obvious, you configuration your project and implement it. The final stage is project closure, this is where you evaluate the project and review what you could change, after a while of testing your project you po op write a comprehensive review of what you need to change and maw with your project. It is also important to communicate throughout the project. If you are working(a)(a) as part of a large team talk is essential to achieving your goals. little leadership and lack of direction is main primer coat why a project can fail, this is linked with planning in that if the team members take ont know whats going on they cant work. advert reasons why a project can failThe first reason is poor planning. Big projects can be very complicated, if your team are not sure what they are supposed to be doing there will be sections missing, there may even be people working on the exact same thing. Also, as shown by the second spokesperson bellow, not accounting for all factors when planning can result in failure. Financial planning is also essential for a leader to mighty budget the project and allocate each section a suited spending limit.Without a good financial budget that allows for unexpec ted costs and problems, the risks are significantly raised since you may not be adapted to cover your costs and thus run out of cash. Lack of communication can also result in failure, one good ensample of this was NASA loosing their mars rover, were one team was working in metric, and the other was working in imperial units. If you dont release your harvest-tide in m, it is possible that it will be out of date by the time that it is released. This is extremely important in the technology business, take a look at typesetters case 3 bellow. You must also tally that the output you are releasing is fit for the times.Here are some examples of failed projects from a range of backgrounds.1 Apple Power Mac G4 CubeThis is an example of how Tech giants can still fail. In 2000 Apple released the G4 Cube and gross revenue were slow.The reasons for this wereHigh price tagFlawed designPoor toneSince apple had the reputation of premium part products for a premium price, when they released the arrangement and the plastic case cracked and had mold lines consumers were not happy. There were also several things overlooked in the design, such as the fact that you had to point in time the machine on the side to connect wires and the hidden power button. These cardinal flaws combined with the extortionate price tag resulted in a failed product for Apple. This example goes to show that even huge companies projects can fail. Apple did all the planning right and had plenty of financial backing to push the project forward, they just messed up the product its self.2 Soviet projectile early warning systemIn 83 the soviets had a early warning system which would warn them should America base an attack on Russia. However the system had triggered that 5 ICBMs had been launched by America, when in reality the system had been triggered by sunlight reflecting of clouds. fortunately the operator did not believe the warning and did not respond.3 Nokia rather than updating their phon es to smart phones, Nokia stuck with just regular phones which were in very low demand. Nokia were not with the times and released outdated products which led to a massive return in market share and stock pricesRelation to my projectThese examples and points rival to my project and every project. I have learnt from my research of project failures, I can bare these failures in mind while I am working on my project. So, from the powermac g4 cube example I will ensure that the design meets the standards that are required as well as the quality of the final product. From the Early warning example I will guardedly consider all of the factors that i can see which would affect my project. eventually from the Nokia example I will ensure that the project meets the technology standards of the time.