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A life cycle defines the inter-related phases of a project, programme or portfolio and provides a structure for governing the progression of the work. All life cycles follow a similar high-level generic sequence but this can be expressed in quite different ways. The most common type is the linear life cycle, sometimes known as the linear sequential model or waterfall method.
Where a contractor is working for a client, the contractor’s ‘project’ may simply be the development, handover and closure phases of the client’s project that will include benefits realisation.
Concept – this phase develops an initial idea and creates an outline business case and schedule. Development – the project management plan is put into action and this phase may be broken down into further stages at the end of which the continuing viability of the project can be reviewed. Handover and closure – the project outputs are handed over and accepted by the sponsor on behalf of the users. Benefits realisation – where appropriate, a project may include a benefits realisation phase. Definition – the vision is developed into a detailed specification of the end state of the programme, sometimes referred to as a blueprint. Project delivery – this phase is usually broken into groups of projects called tranches that deliver beneficial change in their own right.
Benefits realisation – as new outputs are delivered by projects, transformation work has to be done to ensure new ways of working become embedded in business-as-usual.
Closure – closure of the last projects, closure of budgets and disbanding the programme management team. Unlike projects and programmes, portfolios are less likely to have a defined start and finish. Define – the projects, programmes and change to business-as-usual required to meet strategic objectives are identified and evaluated in a selection process that maximises the effectiveness of the portfolio.
Categorise – the projects and programmes may be organised into ‘sub-portfolios’ or groups that share certain characteristics, such as alignment with particular strategic objectives. Prioritise – priorities can be set by strategic objective, return on investment or any other chosen metric.
Balance – the portfolio must be balanced in terms of risk, resource usage, cash flow and impact across the business.

Portfolio management may incorporate the overall governance of projects and programmes within an organisation.
The portfolio management team may be responsible not only for coordinating the projects and programmes, but also for improving the maturity of project and programme management. You must have JavaScript enabled in your browser to utilize the functionality of this website.
We present our Business PowerPoint Templates three create macro linear planning process Sales PPT Slides PowerPoint templates. The journey is as important as the destination.  Your process will engage your stakeholders, community, and consumers, while your dynamic, written plan will keep you focused on your target with eagle-eyed precision. Questus Strategies’ systemic methodologies zero in on today’s nonprofit essentials to help you better engage your constituents to meet your mission-critical objectives. A systemic process is circular not linear and understands that as you change a parameter in one place it alters the entire process.
Before you can plan your journey, you need to understand where you are at and what your surroundings look like. The first step in a systemic planning process is a research phase that reviews the community need, your history of success, your position in the community (the market) and how you got to this point. Engage your community; your goal is to completely understand your position and your impact. Our cutting-edge expertise and one-of-a-kind perspectives, leverage the strategies of advanced nonprofit practices to maximize your limited resources, helping you kick-start your brand, outreach, and ultimately your fundraising.
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Some projects will be part of a programme and will only be concerned with delivering outputs (the traditional project life cycle). Outline plans and business case are further developed so that the sponsor can make an informed decision to proceed with the programme. Some members of the programme team (typically the programme sponsor and business change managers) will continue in their roles to ensure that benefits are realised as required by the business case.

The aim of the portfolio is to deliver the objectives and realise the corporate strategy through the coordination of projects and programmes. At any point in time the emphasis will be on one phase or another, but aspects of all may be undertaken. On the assumption that no organisation has sufficient resource to do everything it wants, the prioritisation process forms the basis of the next phase. Slice through with our Business PowerPoint Templates three create macro linear planning process Sales PPT Slides. This diagram helps you to analyze all the connected ideas and also can be used to show three aspects of an issue. As expert nonprofit strategists, we help you gain valuable insight through actionable intelligence that provides pinpoint guidance related to your specific challenges.
A good practice is to divide your stakeholders into teams to create buy-in through knowledge experts. It is important for the plan to be written and for it to realistically reflect what you can accomplish in the plan’s timeframe.
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A P3 life cycle illustrates the distinct phases that take an initial idea, develop it into detailed objectives and then deliver those objectives.
Some projects will be expected to incorporate the management of change and realisation of benefits (the extended project life cycle).
This, together with the business case, has to be approved by the sponsor before progressing to the next phase. It may, however, be constrained by a strategic planning cycle that reviews strategy over a defined period.
This is typically an ideal point to begin your strategic planning, by creating a decision matrix, which will act as a lens that encompases your core values, tracks with your mission, fits within your financial goals and means, and that will produce a long-term outcome.

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