Initiation – Planning – Execution – Closure – Repeat
This is what a typical Project Lifecycle looks like.
Managing it should be pretty simple, isn’t it? Unfortunately, it isn’t.
Project Lifecycle Management goes beyond the conventional definition. It is a challenge that can either inspire you or exhaust you, depending on how you go about it. Today, project managers need to shift from being tacticians to being strategists. They need to think past individual initiatives and align every effort to an organization’s scope of success.
Given the complexity of modern-day businesses, a project manager’s technical skills alone won’t cut it. To get things done, management has to be bidirectional – to set a vision and to execute a strategy. To that end, technical competencies have to be complemented with leadership qualities and strategic business intelligence so projects eventually drive increased revenues.
Thus, beyond managing a project, Project Lifecycle Management would also encompass…
- Identifying opportunities of growth and development.
- Implementing ideas that make a difference.
- Having a futuristic vision and devising a solid strategy to get there.
- Planning and re-planning to do things right the first time.
- Preparing for risks and fixing them decisively.
- Recognizing the right people to build a team.
- Motivating the people and developing relationships that are cherished.
- Cutting the chaos and leading in the right direction.
- Bringing tangible results to the table with speed and consistency.
Do you have it in you?