Gaining a comprehensive understanding of the project’s scope and objectives in its early stages is crucial in determining the project’s viability. This assessment takes place during the initial step of the project lifecycle. In this phase, we carefully evaluate:
⊕ The overarching vision of the project, defining what is to be built.
⊕ The functionality requirements of the project, ensuring they align with the desired outcome.
⊕ Exploring potential solutions and verifying their technical feasibility.
⊕ Developing a clear understanding of the high-level cost estimate associated with the project.
By conducting this thorough assessment, we can make informed decisions about whether to proceed with the project and lay a solid foundation for its successful execution.
The process entails collecting information from diverse sources, each varying in terms of completeness and confidence levels.
As new project information emerges, it unveils additional dependencies, requirements, risks, opportunities, assumptions, and constraints that need to be acknowledged and addressed.
During the iterative planning process, every aspect of the project’s scope, technology, risks, and costs undergoes increasingly thorough examination and analysis.
The development phase focuses on the organization and preparation of all the essential elements required to execute the project.
This includes tasks such as securing the necessary approvals, identifying suitable land areas, finalizing and obtaining approval for the project execution plan, and establishing the required funding.
Once all the necessary arrangements have been made and the project is ready for implementation, the development phase concludes, and the project can proceed to the next stage.
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