Life cycles

In this lesson we discuss:

Project life cycles consist of a number of distinct phases. All projects follow a life cycle and life cycles will differ across industries and business sectors. A life cycle allows the project to be considered as a sequence of phases which provides the structure and approach for progressively delivering the required outputs.

At the end of this lesson you will be expected to know the following learning outcomes:

2.1 Differentiate between linear, iterative and hybrid life cycles
2.2 Explain why projects are structured as phases in a linear life cycle
2.3 Differentiate between a project life cycle and an extended life cycle
2.4 Outline the role of knowledge and information management to inform decision making
2.5 Explain the benefits of conducting reviews throughout the life cycle (including decision gates, benefits reviews and audits)
2.6 Explain why projects may close early