Learn what a project is and how the roles and phases within a project are broken down by studying the course Project Management - Project Feasibility and Life Cycle. It also describes the process of evaluating projects in the early stages and the decision-making processes used to determine whether or not a project should proceed. The course begins by introducing to you how a project comes into being, starting with an explanation of what a project is and how it results from ideas, responses to problems and planning. It also looks at the role and influence of the key players that will be involved in the project.
The course then looks at how feasibility studies are carried out, and in particular reviews how technical, social, political, environmental and financial feasibility studies are explored and assessed. You will also learn about decision making tools covering the financial returns and risks associated with the project which allow management accept or reject a project. You will be shown the various ways of organising the life cycles of projects and what the project manager's job consists of. The final section of the course looks at the issues and challenges specific to software development projects, how these differ from other types of projects and the evolving methods being used in this sector.
This course will be of great interest to professionals working in the area of project management who would like to learn more about project feasibility and project life cycles. The course will also be of interest to learners who may be involved in getting a project approved or who are working on any stage of the project life cycle.
Having completed this course the learner will be able to: - Define what a project is; - Use a variety of knowledge-gathering and idea-generating techniques to develop objectives; - Generate simple matrix diagrams to relate objectives to strategies; - Describe the elements of a feasibility study; - Use tools for the development or assessment of a proposal; - Describe the importance of risk; - Describe an appropriate model for deciding which proposal to pursue; - Calculate expected monetary value (EMV) for possible outcomes in a decision tree; - Explain how proposal-ranking formulas work; - Describe the basic and extended life cycles that are used for the management of projects; - Describe the product life cycle and understand the potential variation in the processes used for different products; - List the main activities and tasks of a project manager; - Describe why projects with software content are problematic and suggest ways in which phased development, prototype approaches or agile methods can help; - Draw up a plan for a phased development project based on a simple scenario of the project requirements; - Describe the prototyping life cycle.
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