Many projects, especially large ones, may be managed as a set of component projects running in parallel. The steps in Table 2.1 can still be used to describe the progress of each component project, although there is no necessity for the component life cycles to remain in phase at all times. 'Fast-tracking' is a simple example of this, where completion of the parent project can be expedited by overlapping project design, plan, allocate, and execute stages. This implies that some components of the parent project can be designed and planned, and allocation and execution commenced for these components, before designing and planning is complete for other components. As is widely recognized, such staggered execution is only low risk to the extent that the design of components first executed is not dependent on the design of subsequent components. Plans that involve an element of 'fast tracking' should be supported by an appropriate RMP, with a focus on feedback from more advanced components into the life cycle steps of following components.
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