The project life cycle - Assignment Example

These phases form essential elements for understanding a project’s life cycle. Each phase includes a combination of similar activities. Phases are sequential where one has to complete before the next one begins and some activities into the early phase of a project will continue until project completion Project life cycle is of great interest because it is a current issue applied in businesses to achieve their goals and objectives especially achieving growth by launching new products/services.

Companies that desire to compete in international markets understand the importance of increasing project life cycle management invention and quality of their products/services (Burke, 2013). Project management is an emergent field that gives companies leverage to create new products and gain a competitive advantage. On a personal level, I am interested in this topic because it offers an exciting career path and a way to use my creativity to solve organizational problems. Academic curiosity also influenced my interest because I like researching on new areas of study to increase my knowledge.

The research conducted for this paper shows similarities with project life cycle key concepts learnt in in the module. For example, the definition of key concepts such as phases and project life cycle processes are similar. Issues discussed in the research articles used to develop this paper were very similar to those discussed in the module. As I did my research, I felt like I was revising the concepts that I learn t in class. For example, all articles explain the four phases of project life cycle precisely as they were explained in the module learning materials.

According to Burke (2013), the importance of project management life cycle is to create seamless flow of work in ensuring the success of a firm (Burke, 2013). Another importance is that the process eliminates delays and wastage of resources. It also facilitates quality