- Phase 1: Conceptualization or Pre-Feasibility
- Phase 2: Planning or Feasibility or Demonstration
- Phase 3: Design / Development
- Phase 4: Implementation
- Phase 5: Launch / Go-Live or Termination / Closure
- Phase 6: Post Implementation Review
Phase 1: This is the initial phase where the project is conceptualized. The project might be to implement a new system or improve upon a process, the bottom line comes down to value-added. Does this project add value to the organization? This is also the pre-feasibility study, to determine whether to conduct a full feasibility study or not.
Phase 2: A project plan is conducted to strategist the initiative. A project plans has to be complete, realistic and accurate to have a successful project. A feasibility study is conducted to identify potential opportunities and complications that could help or possibly derail the project. Phase 2 only kicks off after phase 1 is approved and has a project (executive) sponsor.
Phase 3: At this phase in the project, the planning or feasibility study is completed and the project moves on to design and development. This phase follows unique user requirements and documentation and is measured against predefined criteria.
Phase 4: Once the system/product is designed and developed against predefined criteria and accepted by the client, this phase is the implementation of the system or development of the actual tested solution. In a system or software project, this is the phase where the system is configured and launched for testing by the project team and stakeholders. Any feedback can be used to tweak the product for performance enhancements; glitches are fixed; and the product is moved back and forth from development to testing. This phase also includes any user training for systems implementation. Phase 3 & Phase 4 are the meatiest of the entire project life span.
Phase 5: This is where the project is brought to its completion. The product is deemed a success or a failure. If a success, this is where the stakeholders agree to launch the product for manufacturing or for systems or processes, it is moved into production. The client’s acceptance of the project is essential in the phase.
Phase 6: In this stage, the project team assesses the solution’s success and is measured against the project scope. All project-related documents are then archived, lessons learned are documented and the project comes to a close. A final round of project evaluation is conducted on the business stakeholder.