Illustrate Typical Phases of a Project Lifecycle Essay

Here is an example diagram of a externalize life cycle.The undertaking starts with the initiation, this is where you need to define what your project is so you have a give the axe specification of what you want to achieve at the end. The next stage is planning, when planning it is important to make a clear and simple feat plan. With this it will be easier for you to non only follow the plan, but overly to check back at you plan and see what you simmer down need to do. Financial plans are in addition vital to achieve your goals, Clear budgets and forecasts should be made to altogetherow you to be ready for your costs. A action plan would to a fault be useful so you are ready in crusade both unforeseen costs should arise The next stage is project execution.This stage is obvious, you build your project and devour it. The final stage is project clocertain(p), this is where you evaluate the project and review what you could change, after a while of exam your project you can w rite a comprehensive review of what you need to change and fix with your project. It is also important to communicate throughout the project. If you are working as part of a large team up communication is of the essence(p) to achieving your goals. poor people leadership and lack of direction is main reason why a project can fail, this is linked with planning in that if the team members dont know whats freeing on they cant work.Key reasons why a project can failThe offset printing reason is poor planning. Big projects can be very complicated, if your team are non 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 example bellow, not accounting for all factors when planning can result in failure. Financial planning is also essential for a leader to correctly budget the project and allocate each section a equal spending limit.Without a good financial budget that allows for unexpected costs and problems, the risks are significantly raised since you may not be able to cover your costs and thus run out of cash. need of communication can also result in failure, unitary good example 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 If you dont dispatch your product in time, it is possible that it will be out of date by the time that it is released. This is super important in the technology business, take a look at example 3 bellow. You must also ensure that the product 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 sales were slow.The reasons for this wereHigh price tagFlawed designPoor qualitySince apple had the reputation of premium quality products for a premium price, when they released the stra tegy 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 tip the machine on the side to connect wires and the hidden power button. These two flaws unite 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 missile early warning systemIn 83 the soviets had a early warning system which would warn them should the States launch 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 NokiaRather than updating their phones to smart phones, Nokia stuck w ith just regular phones which were in very low demand. Nokia were not with the times and released outdated products which led to a massive fall in market share and storage pricesRelation to my projectThese examples and points relate 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 blocking 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 carefully consider all of the factors that i can see which would affect my project. Finally from the Nokia example I will ensure that the project meets the technology standards of the time.