Episode 29 – Project Lifecycles – The Six Steps to Perfect Projects
Welcome back to our Elevate Weekly Video Series. This week we’re up to Episode 29 of our series. Last week we took a look at Procurement at the request of one of our regular viewers and the value it can bring to the proverbial business table. If you missed it, click here.
In this episode, we’re going to look at perfect projects. Looking at businesses of varying shapes and sizes everyday, there’s a couple of recurring themes that I come across. Focus is limited, and execution is tough. Focus, and execution – easily the two most common things lacking in the SME landscape.
Today we’re going to have a look just at the execution side, and specifically the execution of projects.
In the video below, you’ll notice we have the 6 phases of the project lifecycle. Initiation, Definition, Planning, Execution, Completion and Realisation. Following the steps in this project lifecycle is not a guarantee of success. You still need focus. You need the judgement to prioritise the right projects, you need commitment and resource and everything else. But if you follow this structured process, you’ll have a much better chance of success than if you don’t.
Check out this week’s video to hear more. As always, if you have any questions please don’t hesitate to reach out to me.
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