Discuss the main areas in a project lifecycle.

Question

What will be an ideal response?

Answer 1

This basic answer should reflect the four primary components outlined in the text:
conceptual, planning, execution, and closure. It would be good to design this question to
encourage the students to actually explain or discuss each of these areas in their answer.
It might also be good for students to contrast the differences between each of these four
components of the life cycle to test their conceptual understanding of each of these
lifecycle components.
In general, the conceptual phase is the initial introduction of intent for a unique product
or service required by a customer and the organization signing off the approval for the
delivery of a product or service.
The planning phase is the actual planning of work activities, which includes identifying
all activities and gathering information of schedule and cost requirements, as well as
planning for control and risk.
The execution phase is where all the work actually takes place, and the management of
the schedule and budget will require monitoring and controls to be implemented.
Closure is when all work activities have been completed and the customer has accepted
final delivery of the product or service. This is also when all procurements and contracts
have been completed and all financial obligations are closed.