What is the Project Lifecycle?

The project lifecycle represents the operating framework for how businesses successfully manage projects from start to finish.


Project Lifecycle Overview

Project-based businesses often refer to their projects by different names. And whether these firms call them contracts, engagements or jobs, they share the same ultimate goal—to win and deliver successful projects. Companies aim to optimise processes throughout the project lifecycle and ensure the best outcomes. This applies to projects of all sizes, including small-scale projects with easy-to-define objectives, as well as complex engagements involving multiple stakeholders, organisational dependencies and strategic milestones. The project lifecycle is the operational framework of the five distinct phases that shows how these firms execute project excellence from win through delivery. This framework helps businesses see how to optimise their capabilities to deliver for their clients and grow their businesses.

5 Business Capabilities of The Project Lifecycle

Project Lifecycle
 
Project Lifecycle Video
 

Deltek Powers the 5 Phases of the Project Lifecycle

We offer complete and integrated software solutions that connect and automate every stage of the project lifecycle, enhancing project intelligence, management and collaboration. With our industry-focused expertise and end-to-end visibility into project and financial performance, we empower businesses to make data-driven decisions, mitigate risks and deliver projects on time and within budget.

Win

We provide market intelligence and CRM solutions that help firms find and win new opportunities.

Manage

Our industry-leading financial management solutions enable businesses to create a good plan, optimise resources, and manage costs & risks.

Develop

People are at the center of the project lifecycle, and Deltek’s Human Capital Management solutions, integrated with financial management systems, help firms attract, develop and retain a modern workforce.

Deliver

Our project-based ERP solutions enable companies to gain the visibility and control they need to make the right business decisions.

Measure

Analytic capabilities within Deltek solutions make it easy for companies to measure performance at a granular level to ensure real-time insights to manage their business.

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