Project Lifecycle Management (PLM) Standardization (Waterfall and SDLC)

We have successfully assisted our clients to implemented following standardized Project Lifecycle Management process using waterfall methodology:

1. Define the Business Case:

1. Purpose: Clearly outline project objectives, goals, and anticipated benefits.
2. Scope: Define the project’s boundaries and constraints.
3. Feasibility Study: Evaluate technical, operational, and financial feasibility.
4. Risk Analysis: Identify potential risks and develop mitigation strategies.
5. Business case review and Approval:

2. Project Intake and Prioritization:

• Establish Prioritization Criteria:
  1. Define key criteria (e.g., strategic alignment, ROI, urgency) for evaluating project importance.
  2. Assign relative weights to each criterion based on organizational priorities.


• Evaluate Project Requests:
  1. Gather project proposals through a formal submission process.
  2. Assess each project against the prioritization criteria established.


• Scoring and Ranking:
  1. Score projects based on the defined criteria and their respective weights.
  2. Rank projects according to their scores to determine priority levels.


• Selection and Approval:
  1. Select high-priority projects that align with organizational goals and available resources.
  2. Seek necessary approvals to proceed with the chosen projects.

3. Waterfall Methodology Phases:

• Requirements Gathering:
  1. Engage stakeholders to collect and document comprehensive project requirements.
  2. Create detailed requirement specifications and secure stakeholder approval.

• System Design:
  1. Develop in-depth system design documents based on gathered requirements.
  2. Seek approval from relevant stakeholders for the proposed design.

• Implementation/Development:
  1. Execute the development process according to the approved design.
  2. Regularly review progress and make necessary adjustments to the project plan.

• Testing:
  1. Conduct rigorous testing to ensure that the system meets specified requirements.
  2. Address and rectify identified issues or bugs.

• Deployment:
  1. Prepare the system for deployment in the production environment.
  2. Provide training to end-users and stakeholders on utilizing the new system effectively.

• Post-Go-Live Support:
  1. Offer immediate support after deployment and address any encountered issues promptly.
  2. Monitor system performance and gather user feedback for further improvements.

4. Project Lifecycle Management:

• Project Planning:
  1. Develop detailed project plans for the selected high-priority projects.
  2. Allocate resources and establish timelines in accordance with project needs.

• Monitoring and Control:
  1. Regularly monitor high-priority project progress against the established plans.
  2. Implement change control procedures to manage any deviations effectively.

• Documentation and Reporting:
  1. Maintain meticulous documentation throughout the project lifecycle.
  2. Generate regular reports to keep stakeholders informed about project status, risks, and issues.

• Closure:
  1. Conduct a comprehensive project review to evaluate its success against the initial business case.
  2. Document key lessons learned and best practices for future reference.
  3. Obtain formal acceptance and sign-off from stakeholders upon project completion.

• Post-Implementation Review and Closure:
  1. Evaluate system performance and user satisfaction following the project’s implementation.
  2. Address any remaining issues or consider further enhancements, if necessary.
  3. Conclude the project formally by completing final documentation, archiving project files, releasing resources, and closing financial aspects.

5. Continuous Improvement:

• Evaluate the effectiveness of the project prioritization criteria and the overall project management process.
• Implement necessary adjustments based on the acquired lessons and experiences to enhance future project outcomes.

Our structured approach ensures effective project selection and execution based on prioritization criteria, followed by systematic project management, successful implementation, and continuous refinement for future improvements.

Do you want your Project Management Office (PMO) to become a more strategic part of your business?
A key component that enables you to focus on innovation, change management, stakeholder engagement and the facilitation of a more agile, responsive enterprise?

Client who does have a PMO, there are often concerns that the PMO is not actually functioning and might not know how to take the PMO to its maximum potential as a business asset.