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Pls see attached – ## DevelopingaProjectManagementMethodology-QUESTION.docx – ## ProjectManagementAssgn12624.pdf **## DevelopingaProjectManagementMethodology-QUESTION.docx** Developing a Project Management Methodology Based on your review and analysis of the "Creating A Methodology" case study (Kerzner, 2022, p. 102), prepare a memo to address the …
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Pls see attached – ## DevelopingaProjectManagementMethodology-QUESTION.docx – ## ProjectManagementAssgn12624.pdf **## DevelopingaProjectManagementMethodology-QUESTION.docx** Developing a Project Management Methodology Based on your review and analysis of the "Creating A Methodology" case study (Kerzner, 2022, p. 102), prepare a memo to address the following key elements: · Read Section 2.3.5 Life Cycle and Phase Definitions of A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Seventh Edition, assess the main consideration in phase definition of projects, and then characterize the project life cycle phases noted in the case study. · Clearly and concisely define the construct of an enterprise project management methodology (EPM). Appraise the elements included in the case study's EPM. · Clearly and concisely define the construct of a project management office (PMO). Critique the case study's PMO structure in context of implementing the proposed EPM. · Identify specific aspects of a project management methodology that are distinctly unique to global organizations. · Summarize how a project management system (PMS) can be used to support the case study's EPM. In your memo, be sure to properly organize your writing and include the following: · Cover page · Introduction · Body of your work in response to the assignment's key elements, with headings and subheadings · Conclusion · List of references · Appendices (as applicable) **## ProjectManagementAssgn12624.pdf** Developing a Project Management Methodology Lindsey Blake Colorado State University Global PJM500: Project Management Amir Al-Nizami, Ph.D. August 20, 2023 1 This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 2 Developing a Project Management Methodology There are an array of project management methodologies outlined the PMBOK and used all over the world is major industries by project managers. Generally, project management methodologies are a set of principles that organize and guide workflow to achieve project goals (Kerzner, 2022). Methodologies range from traditional methods which typically follow a linear and fixed path, or new models referred to as agile which lend some flexibility to the project life cycle. The Project Life Cycle Project life cycles are heavily dependent upon the delivery method and chosen methodologies. However, the PMBOK Guide (2021) describe common phases in a project life cycle: Feasibility Phase determines the validity of the project and it’s impact on the business structure, the feasibility phase also determines if the organization has the capacity to execute the project based on available resources. Design Phase consists of the planning and analysis needed to specify project deliverables. Build or Construction Phase is the phase where the project is executed. This phase requires monitoring and control measures to ensure the project is being delivered per the design specifications. Test Phase is carried out to ensure final acceptance by the customer. During this time, the project team will conduct a punchlist to ensure all work packages are met with the intended quality and code requirements. Deploy Phase is when the deliverables are put into use. This phase is when organizations realize the benefits of their investment and begin to utilize what has been created. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 3 Closeout is the final phase of the life cycle. Retainage is paid, contracts are closed, and resources are released to other projects. The conclusion of each phase requires an assessment known as a phase gate. The assessment checks to make sure that desired outcomes were met before moving on. The key to the phase gate is to attach a performance indicator or metric. This provides the project team and customer with tangible evidence that the project is ready to move to the next phase. Enterprise Project Methodology (EPM) An Enterprise Project Methodology (EPM) is generally classified as a set of initiatives aimed at improving project management effectiveness through a standard set of processes to streamline projects across a companywide scale (Hornby, 2000). Exhibit 1 shows how delivery management and project management intersect to become the EPM. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 4 The elements that make up an effective EPM typically consist of how an organization will handle: risk, estimating costs and schedules, project reviews, time accoutning, and information systems. Project Management Office (PMO) The PMBOK Guide – Seventh Edition, defines the Project Management Office (PMO) as a strucutre that standardizes and facilitates the processes, methodlogies, tool, and techniques related to project management within an organization. The PMO is mean to support project management through shared resources, often through the use of templates, shared best practices, and standards on how projects will be delivered. The PMO ensures that projects are delivered with common quality throughout and organization. Case-Study Many Requests for Proposals (RFP) or project solicitations require firms to provide their project management methodology or project approach. The company in the case-study has relied heavily on templates from the PMBOK Guide. John Compton, the president of the company, has requested that his team to develop a methodology that can be communicated to potential clients. As the PMO was formed and the team began to define methods, policy and common procedures that all project managers would follow to ensure consist delivery of projects. When characterizing the project life cycle phases noted in the case study, we see that the PMO broke the process into 5 initial steps. The first step was to define how many phases their methodology would consist of, the team defined up to six life-cycle phases which aligns with the PMBOK Guide’s suggestion of Feasibility to Closeout. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 5 The second and third steps can be characterized as defining the delivery method. The team would need to select a traditional or agile method of delivery and ultimately made the decisions to develop a standard set of documents that could be tailored to each project. The fourth step can be placed in the closeout phase of the life cycle, where projects are reflected upon. Lessons learned are documented and the project team captures best practices using the EPM system. The fifth step that was laid out by the team is to train their project managers on the new methodology, which can be characterized by commissioning the new processes. Conclusion Projects that follow a processed based approach laid out by the PMO, and kept with the EPM, will be more structured and will have consistent delivery from project to project. The PMO should be a shared resources space where project managers can seek guidance, templates, and lessons learned. The set of shared resources is known as the The PMO and EPM typically follows the defined phases of the PM life cycle will guide the project team on both traditional and agile delivery methods. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 6 References A guide to the Project Management Body of Knowledge (PMBOK guide) (7th ed.). (2021). Project Management Institute. Hornby, R. (2000). Building effective enterprise project management (EPM) Paper presented at Project Management Institute Annual Seminars & Symposium, Houston, TX. Newtown Square, PA: Project Management Institute. Kerzner, H. (2022). Project Management: A systems approach to planning, scheduling, and controlling. John Wiley & Sons, Inc. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ Powered by TCPDF (www.tcpdf.org) [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) [http://www.tcpdf.org](http://www.tcpdf.org/) **## ProjectManagementAssgn12624.pdf** Developing a Project Management Methodology Lindsey Blake Colorado State University Global PJM500: Project Management Amir Al-Nizami, Ph.D. August 20, 2023 1 This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 2 Developing a Project Management Methodology There are an array of project management methodologies outlined the PMBOK and used all over the world is major industries by project managers. Generally, project management methodologies are a set of principles that organize and guide workflow to achieve project goals (Kerzner, 2022). Methodologies range from traditional methods which typically follow a linear and fixed path, or new models referred to as agile which lend some flexibility to the project life cycle. The Project Life Cycle Project life cycles are heavily dependent upon the delivery method and chosen methodologies. However, the PMBOK Guide (2021) describe common phases in a project life cycle: Feasibility Phase determines the validity of the project and it’s impact on the business structure, the feasibility phase also determines if the organization has the capacity to execute the project based on available resources. Design Phase consists of the planning and analysis needed to specify project deliverables. Build or Construction Phase is the phase where the project is executed. This phase requires monitoring and control measures to ensure the project is being delivered per the design specifications. Test Phase is carried out to ensure final acceptance by the customer. During this time, the project team will conduct a punchlist to ensure all work packages are met with the intended quality and code requirements. Deploy Phase is when the deliverables are put into use. This phase is when organizations realize the benefits of their investment and begin to utilize what has been created. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 3 Closeout is the final phase of the life cycle. Retainage is paid, contracts are closed, and resources are released to other projects. The conclusion of each phase requires an assessment known as a phase gate. The assessment checks to make sure that desired outcomes were met before moving on. The key to the phase gate is to attach a performance indicator or metric. This provides the project team and customer with tangible evidence that the project is ready to move to the next phase. Enterprise Project Methodology (EPM) An Enterprise Project Methodology (EPM) is generally classified as a set of initiatives aimed at improving project management effectiveness through a standard set of processes to streamline projects across a companywide scale (Hornby, 2000). Exhibit 1 shows how delivery management and project management intersect to become the EPM. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 4 The elements that make up an effective EPM typically consist of how an organization will handle: risk, estimating costs and schedules, project reviews, time accoutning, and information systems. Project Management Office (PMO) The PMBOK Guide – Seventh Edition, defines the Project Management Office (PMO) as a strucutre that standardizes and facilitates the processes, methodlogies, tool, and techniques related to project management within an organization. The PMO is mean to support project management through shared resources, often through the use of templates, shared best practices, and standards on how projects will be delivered. The PMO ensures that projects are delivered with common quality throughout and organization. Case-Study Many Requests for Proposals (RFP) or project solicitations require firms to provide their project management methodology or project approach. The company in the case-study has relied heavily on templates from the PMBOK Guide. John Compton, the president of the company, has requested that his team to develop a methodology that can be communicated to potential clients. As the PMO was formed and the team began to define methods, policy and common procedures that all project managers would follow to ensure consist delivery of projects. When characterizing the project life cycle phases noted in the case study, we see that the PMO broke the process into 5 initial steps. The first step was to define how many phases their methodology would consist of, the team defined up to six life-cycle phases which aligns with the PMBOK Guide’s suggestion of Feasibility to Closeout. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 5 The second and third steps can be characterized as defining the delivery method. The team would need to select a traditional or agile method of delivery and ultimately made the decisions to develop a standard set of documents that could be tailored to each project. The fourth step can be placed in the closeout phase of the life cycle, where projects are reflected upon. Lessons learned are documented and the project team captures best practices using the EPM system. The fifth step that was laid out by the team is to train their project managers on the new methodology, which can be characterized by commissioning the new processes. Conclusion Projects that follow a processed based approach laid out by the PMO, and kept with the EPM, will be more structured and will have consistent delivery from project to project. The PMO should be a shared resources space where project managers can seek guidance, templates, and lessons learned. The set of shared resources is known as the The PMO and EPM typically follows the defined phases of the PM life cycle will guide the project team on both traditional and agile delivery methods. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 6 References A guide to the Project Management Body of Knowledge (PMBOK guide) (7th ed.). (2021). Project Management Institute. Hornby, R. (2000). Building effective enterprise project management (EPM) Paper presented at Project Management Institute Annual Seminars & Symposium, Houston, TX. Newtown Square, PA: Project Management Institute. Kerzner, H. (2022). Project Management: A systems approach to planning, scheduling, and controlling. John Wiley & Sons, Inc. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ Powered by TCPDF (www.tcpdf.org) [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) [http://www.tcpdf.org](http://www.tcpdf.org/) **## DevelopingaProjectManagementMethodology-QUESTION.docx** Developing a Project Management Methodology Based on your review and analysis of the "Creating A Methodology" case study (Kerzner, 2022, p. 102), prepare a memo to address the following key elements: · Read Section 2.3.5 Life Cycle and Phase Definitions of A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Seventh Edition, assess the main consideration in phase definition of projects, and then characterize the project life cycle phases noted in the case study. · Clearly and concisely define the construct of an enterprise project management methodology (EPM). Appraise the elements included in the case study's EPM. · Clearly and concisely define the construct of a project management office (PMO). Critique the case study's PMO structure in context of implementing the proposed EPM. · Identify specific aspects of a project management methodology that are distinctly unique to global organizations. · Summarize how a project management system (PMS) can be used to support the case study's EPM. In your memo, be sure to properly organize your writing and include the following: · Cover page · Introduction · Body of your work in response to the assignment's key elements, with headings and subheadings · Conclusion · List of references · Appendices (as applicable) **## ProjectManagementAssgn12624.pdf** Developing a Project Management Methodology Lindsey Blake Colorado State University Global PJM500: Project Management Amir Al-Nizami, Ph.D. August 20, 2023 1 This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 2 Developing a Project Management Methodology There are an array of project management methodologies outlined the PMBOK and used all over the world is major industries by project managers. Generally, project management methodologies are a set of principles that organize and guide workflow to achieve project goals (Kerzner, 2022). Methodologies range from traditional methods which typically follow a linear and fixed path, or new models referred to as agile which lend some flexibility to the project life cycle. The Project Life Cycle Project life cycles are heavily dependent upon the delivery method and chosen methodologies. However, the PMBOK Guide (2021) describe common phases in a project life cycle: Feasibility Phase determines the validity of the project and it’s impact on the business structure, the feasibility phase also determines if the organization has the capacity to execute the project based on available resources. Design Phase consists of the planning and analysis needed to specify project deliverables. Build or Construction Phase is the phase where the project is executed. This phase requires monitoring and control measures to ensure the project is being delivered per the design specifications. Test Phase is carried out to ensure final acceptance by the customer. During this time, the project team will conduct a punchlist to ensure all work packages are met with the intended quality and code requirements. Deploy Phase is when the deliverables are put into use. This phase is when organizations realize the benefits of their investment and begin to utilize what has been created. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 3 Closeout is the final phase of the life cycle. Retainage is paid, contracts are closed, and resources are released to other projects. The conclusion of each phase requires an assessment known as a phase gate. The assessment checks to make sure that desired outcomes were met before moving on. The key to the phase gate is to attach a performance indicator or metric. This provides the project team and customer with tangible evidence that the project is ready to move to the next phase. Enterprise Project Methodology (EPM) An Enterprise Project Methodology (EPM) is generally classified as a set of initiatives aimed at improving project management effectiveness through a standard set of processes to streamline projects across a companywide scale (Hornby, 2000). Exhibit 1 shows how delivery management and project management intersect to become the EPM. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 4 The elements that make up an effective EPM typically consist of how an organization will handle: risk, estimating costs and schedules, project reviews, time accoutning, and information systems. Project Management Office (PMO) The PMBOK Guide – Seventh Edition, defines the Project Management Office (PMO) as a strucutre that standardizes and facilitates the processes, methodlogies, tool, and techniques related to project management within an organization. The PMO is mean to support project management through shared resources, often through the use of templates, shared best practices, and standards on how projects will be delivered. The PMO ensures that projects are delivered with common quality throughout and organization. Case-Study Many Requests for Proposals (RFP) or project solicitations require firms to provide their project management methodology or project approach. The company in the case-study has relied heavily on templates from the PMBOK Guide. John Compton, the president of the company, has requested that his team to develop a methodology that can be communicated to potential clients. As the PMO was formed and the team began to define methods, policy and common procedures that all project managers would follow to ensure consist delivery of projects. When characterizing the project life cycle phases noted in the case study, we see that the PMO broke the process into 5 initial steps. The first step was to define how many phases their methodology would consist of, the team defined up to six life-cycle phases which aligns with the PMBOK Guide’s suggestion of Feasibility to Closeout. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 5 The second and third steps can be characterized as defining the delivery method. The team would need to select a traditional or agile method of delivery and ultimately made the decisions to develop a standard set of documents that could be tailored to each project. The fourth step can be placed in the closeout phase of the life cycle, where projects are reflected upon. Lessons learned are documented and the project team captures best practices using the EPM system. The fifth step that was laid out by the team is to train their project managers on the new methodology, which can be characterized by commissioning the new processes. Conclusion Projects that follow a processed based approach laid out by the PMO, and kept with the EPM, will be more structured and will have consistent delivery from project to project. The PMO should be a shared resources space where project managers can seek guidance, templates, and lessons learned. The set of shared resources is known as the The PMO and EPM typically follows the defined phases of the PM life cycle will guide the project team on both traditional and agile delivery methods. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 6 References A guide to the Project Management Body of Knowledge (PMBOK guide) (7th ed.). (2021). Project Management Institute. Hornby, R. (2000). Building effective enterprise project management (EPM) Paper presented at Project Management Institute Annual Seminars & Symposium, Houston, TX. Newtown Square, PA: Project Management Institute. Kerzner, H. (2022). Project Management: A systems approach to planning, scheduling, and controlling. John Wiley & Sons, Inc. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ Powered by TCPDF (www.tcpdf.org) [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) [http://www.tcpdf.org](http://www.tcpdf.org/) **## DevelopingaProjectManagementMethodology-QUESTION.docx** Developing a Project Management Methodology Based on your review and analysis of the "Creating A Methodology" case study (Kerzner, 2022, p. 102), prepare a memo to address the following key elements: · Read Section 2.3.5 Life Cycle and Phase Definitions of A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Seventh Edition, assess the main consideration in phase definition of projects, and then characterize the project life cycle phases noted in the case study. · Clearly and concisely define the construct of an enterprise project management methodology (EPM). Appraise the elements included in the case study's EPM. · Clearly and concisely define the construct of a project management office (PMO). Critique the case study's PMO structure in context of implementing the proposed EPM. · Identify specific aspects of a project management methodology that are distinctly unique to global organizations. · Summarize how a project management system (PMS) can be used to support the case study's EPM. In your memo, be sure to properly organize your writing and include the following: · Cover page · Introduction · Body of your work in response to the assignment's key elements, with headings and subheadings · Conclusion · List of references · Appendices (as applicable) **## ProjectManagementAssgn12624.pdf** Developing a Project Management Methodology Lindsey Blake Colorado State University Global PJM500: Project Management Amir Al-Nizami, Ph.D. August 20, 2023 1 This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 2 Developing a Project Management Methodology There are an array of project management methodologies outlined the PMBOK and used all over the world is major industries by project managers. Generally, project management methodologies are a set of principles that organize and guide workflow to achieve project goals (Kerzner, 2022). Methodologies range from traditional methods which typically follow a linear and fixed path, or new models referred to as agile which lend some flexibility to the project life cycle. The Project Life Cycle Project life cycles are heavily dependent upon the delivery method and chosen methodologies. However, the PMBOK Guide (2021) describe common phases in a project life cycle: Feasibility Phase determines the validity of the project and it’s impact on the business structure, the feasibility phase also determines if the organization has the capacity to execute the project based on available resources. Design Phase consists of the planning and analysis needed to specify project deliverables. Build or Construction Phase is the phase where the project is executed. This phase requires monitoring and control measures to ensure the project is being delivered per the design specifications. Test Phase is carried out to ensure final acceptance by the customer. During this time, the project team will conduct a punchlist to ensure all work packages are met with the intended quality and code requirements. Deploy Phase is when the deliverables are put into use. This phase is when organizations realize the benefits of their investment and begin to utilize what has been created. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 3 Closeout is the final phase of the life cycle. Retainage is paid, contracts are closed, and resources are released to other projects. The conclusion of each phase requires an assessment known as a phase gate. The assessment checks to make sure that desired outcomes were met before moving on. The key to the phase gate is to attach a performance indicator or metric. This provides the project team and customer with tangible evidence that the project is ready to move to the next phase. Enterprise Project Methodology (EPM) An Enterprise Project Methodology (EPM) is generally classified as a set of initiatives aimed at improving project management effectiveness through a standard set of processes to streamline projects across a companywide scale (Hornby, 2000). Exhibit 1 shows how delivery management and project management intersect to become the EPM. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 4 The elements that make up an effective EPM typically consist of how an organization will handle: risk, estimating costs and schedules, project reviews, time accoutning, and information systems. Project Management Office (PMO) The PMBOK Guide – Seventh Edition, defines the Project Management Office (PMO) as a strucutre that standardizes and facilitates the processes, methodlogies, tool, and techniques related to project management within an organization. The PMO is mean to support project management through shared resources, often through the use of templates, shared best practices, and standards on how projects will be delivered. The PMO ensures that projects are delivered with common quality throughout and organization. Case-Study Many Requests for Proposals (RFP) or project solicitations require firms to provide their project management methodology or project approach. The company in the case-study has relied heavily on templates from the PMBOK Guide. John Compton, the president of the company, has requested that his team to develop a methodology that can be communicated to potential clients. As the PMO was formed and the team began to define methods, policy and common procedures that all project managers would follow to ensure consist delivery of projects. When characterizing the project life cycle phases noted in the case study, we see that the PMO broke the process into 5 initial steps. The first step was to define how many phases their methodology would consist of, the team defined up to six life-cycle phases which aligns with the PMBOK Guide’s suggestion of Feasibility to Closeout. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 5 The second and third steps can be characterized as defining the delivery method. The team would need to select a traditional or agile method of delivery and ultimately made the decisions to develop a standard set of documents that could be tailored to each project. The fourth step can be placed in the closeout phase of the life cycle, where projects are reflected upon. Lessons learned are documented and the project team captures best practices using the EPM system. The fifth step that was laid out by the team is to train their project managers on the new methodology, which can be characterized by commissioning the new processes. Conclusion Projects that follow a processed based approach laid out by the PMO, and kept with the EPM, will be more structured and will have consistent delivery from project to project. The PMO should be a shared resources space where project managers can seek guidance, templates, and lessons learned. The set of shared resources is known as the The PMO and EPM typically follows the defined phases of the PM life cycle will guide the project team on both traditional and agile delivery methods. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) 6 References A guide to the Project Management Body of Knowledge (PMBOK guide) (7th ed.). (2021). Project Management Institute. Hornby, R. (2000). Building effective enterprise project management (EPM) Paper presented at Project Management Institute Annual Seminars & Symposium, Houston, TX. Newtown Square, PA: Project Management Institute. Kerzner, H. (2022). Project Management: A systems approach to planning, scheduling, and controlling. John Wiley & Sons, Inc. This study source was downloaded by 100000856080857 from CourseHero.com on 01-26-2024 06:33:09 GMT -06:00 https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/ Powered by TCPDF (www.tcpdf.org) [https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/](https://www.coursehero.com/file/211558807/PJM500-Module-1-CT-LBlakedoc/) [http://www.tcpdf.org](http://www.tcpdf.org/) – 1 – 2