Cost & Staffing , Stakeholder influence , Risk , Uncertainity and Cost of Changes over Project Life Cycle
Project Life Cycle consists of four stages :
-
Starting the Project
-
Organizing and Preparing the Project
-
Carrying out the work
-
Closing the Project
Cost and Staffing level
The cost and staffing level is low at Starting the project. The cost and staffing level increases during Organizing and preparing stage of Project Life Cycle. The cost and staffing level is highest during Carrying out the work phase of project life cycle. During closing the project stage , cost and staffing level decreases
Stakeholders influence , risk and uncertainity
Stakeholder influence , risk and uncertainity is highest during Starting the project stage. It decreases during Organizing and preparing stage. It further decreases during Carrying out the work stage as during this stage development and testing happens. It is lowest during Closing the project stage
Cost of Changes
Cost of Changes is lowestduring Starting the project stage. It increases during Organizing and preparing stage. It further increases during Carrying out the work stage due to lot of rework due to changes. It is highest during Closing the project stage.
