Choose the same work or non-work project to complete the following exercises. When finished, add your results to your learning journal.
Procedure
1.To increase your understanding of project life cycles, draw and describe the life cycle of a project you are or were involved with. See the PMBOK® Guide for ideas. You may want to:
?Use one or a combination of the life cycles described in the PMBOK® Guide.
?Create a unique life cycle.
2.Describe organizational and socioeconomic influences. To effectively manage project phases, you need to be aware of how the project team is influenced by organizational and socioeconomic factors.
3.Think about the project life cycle you described. What organizational or socioeconomic factors were helpful? A hindrance? Record your thoughts in your learning journal.