Phases of Project Life Cycle and Stakeholder Register

SBM 4305 Assessment 3

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
1. Explain phases of the Project Life Cycle (PLC)..................................................................................3
2. Create a Stakeholder Register (SR) and Communication Management Plan (CMP)...........................4
3. Create a Project Charter.......................................................................................................................8
4. Create a Project Network Diagram................................................................................................12
CONCLUSION.........................................................................................................................................13
REFERENCES..........................................................................................................................................14

INTRODUCTION
The term project management is one of the essential aspects for success of a project. This
is defined as a systematic method of completing all tasks and activities of project in a limited
time and cost (Kerzner, 2019). The main objective of this project report is to understand key
concept and phases of project. The report is based on a company that is Sunshine Homes which
is planning to upgrade their business in IT infrastructure and to create a new cloud based
information system. The report consists detailed information about different phases for this
project along with analysis of cost and stakeholder analysis.
MAIN BODY
1. Explain phases of the Project Life Cycle (PLC).
Project life cycle- The life cycle of a project is the series of stages that a project is passing across
from its creation to its completion (Rowe, 2020). The quantity and length of the process are
decided by the managers and numerous other considerations, such as the needs of the
organization participating in the project, the complexity of the project and its duration. Phases
have a defined start, stop, and control stage, so time is constrained. The life cycle of the project
may be specified and adjusted in conjunction with the needs and facets of the company. In
regards to above project, this is mentioned in such manner:
 Initial stage- This is the first stage of project life cycle in which essential aspects of a
project are decided. In the first of these stages, the implementation process, the goal or
necessity of the project is identified; this could be a business concern or opportunity
(Müller, Drouin and Sankaran, 2019). Correct approach to the need is outlined in a
business scenario with proposed solutions. Such as to above company’s project their
objective is to an effective IT structure along with cloud based management. As well as
all essential documents need to be signed by owner of above company so that project can

be started. Such as agreement between above company and PB web design will be
covered in this stage.
 Planning stage- The next phase, the preparation process, is where the project strategy is
more formulated in as much depth as practicable and where the required measures are
taken to fulfill the goals of the project. In this stage, the team must define all the work
that needs to be completed. The activities and resource needs of the project are defined,
along with the plan for achieving them. It is often referred to as "scope management." In
the context of Sunshine Homes’ project, under this stage detailed strategies need to be
prepared to complete goal of project. The planning can be related to cost, estimated time
or any other aspect. The project manager has to determine roles and responsibility of each
team member in this stage.
 Implementation phase- Throughout the execution of the project, individuals carry out
activities and progress information is recorded by daily team sessions. The project
manager uses this knowledge to retain influence over the course of the project by
reviewing progress results with the project schedule in order to assess the success of the
project activities and to take corrective steps when appropriate. In relation to above
project, under this stage all activities will be executed in a planned manner. This can be
done by proper monitoring of all activities like efficiency of software installed,
management of data etc.
 Closure- During the final completion or finishing process, the priority is on the delivery
of final deliverables to the client, the transition of project documentation to the
organization, the termination of contractual agreements are considered (Lock, 2020). In
relation to above company’s project, this stage will be applied only if goal of project has
been achieved that is related to development of an effective IT infrastructure. As well as
resources that are not used in project are returned to suppliers so that overall cost analysis
can be done. The manager of above project needs to assess overall cost and time in this
stage so that efficiency can be evaluated.