Among the many responsibilities of a project manager is their responsibility to check every stage of the project in order to monitor progress and mitigate risks. The project management life cycle (PMLC) is a tool that can be used for this.
In this module, you will complete Life Cycle. For this part, research and choose the most appropriate project management life cycle (PMLC) for your chosen project. In approximately 500 words, identify the model selected and make an argument as to where the model may present the most risk to your particular project. Also suggest two strategies for mitigating those risks. Justify your response with references to the Learning Resources and additional scholarly resources. Would the use of the critical chain method and/or critical path impact your chosen organisation/project positively or negatively? If so, why?
- Project Management Institute. (2013a). A guide to the project management body of knowledge (PMBOK guide) (5th ed.). Newtown Square, PA: Author [Vital Source e-reader].
- Chapter 2, ‘Organizational Influences and Project Life Cycle’
- Wysocki, R. K. (2014). Effective project management: Traditional, agile, extreme (7th ed.). Indianapolis, IN: Wiley [Vital Source e-reader].
- Chapter 9, ‘Complexity and Uncertainty in the Project Management Landscape’
- Chapter 12, ‘Comparing Linear, Incremental, Iterative, Adaptive, and Extreme PMLC Models’
- Chapter 13, ‘Prevention and Intervention Strategies for Distressed Projects’
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