Thursday, February 10, 2011

Conclusion

The project implementation phase includes organizing and execution, controlling & tracking and leading. Thus, we need to MONITOR our project. The progress needs to be tracked to ensure it is on-track, on time and within budget. Besides, we must have conflict management and change management. Until certain state, we must have project closure and commission. It is to finalize all activities across all of the process groups to formally close the project or a project phase.
  
Project Life Cycle
As the conclusion, Project Management is the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project goals and objectives. We learned the Project Life Cycle in this course including Initiating phase, Work Breakdown Structure (WBS), Network Diagram (AON), Scheduling, Budgeting, Risk Management, Earned Value Analysis (EVA), SWOT Analysis, Team & Leadership, Communication and Conflict and Project Tracking, Control & Closure.

We would like to 10s our lecturer, Mr. Yap Chin Hooi, who has helped us to gain valuable knowledge in the project management which will be beneficial us in future. ^.^

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