From the course: Project Management Foundations

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The waterfall project management lifecycle

The waterfall project management lifecycle

From the course: Project Management Foundations

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The waterfall project management lifecycle

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- [Instructor] The traditional, also called Waterfall project management life cycle, can be broken into five stages or phases that help guide a project successfully from beginning to end. Initiating is all about getting the commitment to start a project. You start by defining the project. What's the project supposed to accomplish? What's the scope? What's a rough estimate of the resources needed and the cost? You also identify the project stakeholders, and make sure they agree on what the project is. From there, you ask for approval to proceed. Planning is where you work with a small team of expert team members to figure out how you're going to perform the project. In essence, planning answers the questions, What are we going to do? How are we going to do it? And how will we know when we're done? When the plan is complete, it's time to get approval to launch the project. The next two areas involve putting your plan into action. Executing starts with launching a project. You bring your…

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