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[In this chapter, the systems view of project management is touched upon. We begin with the understanding of the basic systems thinking approach as applied to a project situation. In doing so, we attempt to clarify the similarities and the differences between the systems thinking approach from the conventional approach. The systems approach helps refine the practical business and management level evaluation for a given project. However, when one further breaks down the project, one can evaluate the project management context. Two important concepts are touched upon: Project Phases and Project Life Cycles. We cursorily touch upon the concept of project phases. However, the more crucial concept of the project life cycle needs to be elaborated in greater detail. The types of life cycles are then focused on. We cover three ‘standard’ models, viz., the linear model, the incremental model, and the rapid application development model. The uniqueness of this chapter is that it shows the reader the application of simulation methods to determine optimal life cycles for a given project situation. A simulation case is presented to help the reader understand variants and factor them in to determine the appropriate life cycles. While real-life cases would be complex, the simplified versions in this chapter help the reader understand the method of application and enable the reader to take this up in the real world with an improved basis. A generic conceptual framework is also presented in this context, to help the reader align his thinking to life cycle modeling and simulation.]
Published: Aug 10, 2016
Keywords: Systems approach; Systems approach versus conventional approach; Project management; Project phase; Project life cycle; Types of project life cycle; Waterfall/linear model; Incremental model; Rapid application development; Conceptual framework for simulation of life cycles; Generic framework for simulation
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