• Testing and commissioning
More companies are preparing procedural manuals for project management and for structuring work using life-cycle phases. There are several reasons for this trend:
• Clear delineation of the work to be accomplished in each phase may be possible.
• Pricing and estimating may be easier if well-structured work definitions exist.
• Key decision points exist at the end of each life-cycle phase so that incremental funding is possible.
As a final note, the reader should be aware that not all projects can be simply transposed into life-cycle phases (e.g., R&D). It might be possible (even in the same company) for different definitions of life-cycle phases to exist because of schedule length, complexity, or just the difficulty of managing the phases.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.