by david hillson

Knowing the Project Lifecycle

PM Pointers

The Project Lifecycle
The Project Lifecycle

For the ease of execution and minimising the risks of project failure, Pascal Mabelo of Transnet proposes that organisations not only adopt a mature project methodology in terms of strategy and operations, but they take careful consideration of the full project lifecycle at all levels.

 
But how should organisations go about implementing such a methodology? I recommend the following steps for the establishment and implementation of a standardised Project Lifecycle Methodology:

1st Step: Conduct a Project Capability Audit
Assess the granularity (i.e. variety of sizes and numbers), nature or type (e.g., Infrastructure, IT, change), and risk profile of projects in the organisation’s portfolio;
  • Determine the appropriate levels of throughput, the risk appetite and expected delivery cycle that are acceptable to the organisation – in keeping with its strategic objectives;
  • Determine the project management maturity level in the organisation as of the end-state;
  • Determine competency levels (i.e. knowledge, skills, and attitude) of project personnel
2nd Step: Develop a Lifecycle Methodology that takes into account any imperatives and important considerations emanating from 1st Step
 
3rd Step: Launch the Methodology on a pilot basis (e.g. on an isolated section of the portfolio).
 
4th Step: Solicit feedback from project personnel and key stakeholders as to how they experienced the Methodology – and use such information to revise it.
 
5th Step: Devise and install an adequate PM Infrastructure to support and enable the Methodology.
 
6th Step: Roll out the revised Methodology across the portfolio.
 
7th Step: Continuously improve on the Methodology through benchmarking and Lessons-Learned.
 
The first step is by far the most critical as it determines the design that best suits the organisation
 
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