CHAPTER-3

PROJECT LIFE CYCLE

D R . M D . TA M Z I D U L I S L A M
 PROJECT LIFE CYCLE

Dr. Tamzid
 SYSTEMS DEVELOPMENT CYCLE

1. Phase A: Conception phase

2. Phase B: Definition phase
3. Phase C: Execution phase
4. Phase D: Operation phase

Dr. Tamzid
Dr. Tamzid
Dr. Tamzid
Dr. Tamzid
 THE FEASIBILITY STUDY

The business case

• Cost-benefit analysis: estimated project costs compared to the
benefits
• Estimated project duration (when a financial return depends on
the timescale)
• Financial aspects such as the funding approach
• Risks, issues, and a preliminary risk management plan
• Assumptions.

Needs definition

Dr. Tamzid
 THE PROJECT PROPOSAL

• Scope of work
• Completion date
• Contract type
• Payment terms
• Customer obligations and items to be supplied
• Warranties and guarantees
• Limitations of liabilities
• Insurance and tax matters
• Confidentiality, patents, and proprietary information
• Insurance
• Ways for handling project termination, changes, delays, and cost escalation

Dr. Tamzid
 SELECTING THE WINNING
PROPOSAL

• Project price
• Ability of contractor to satisfy stated needs (solution or
technical approach)
• Return on investment
• Project plan and contractor management
• Contractor qualifications and reputation
• Likelihood of success or failure (risks)
• Fit to contractor resources and technological capability.

Dr. Tamzid
Dr. Tamzid
 EVALUATING THE PROPOSALS

• Rating method
• Weighted average method

Dr. Tamzid
 QUICK TASK:
Identify some of the critical roles of a project manager.

Dr. Tamzid
Dr. Tamzid