▲    Formalizing customer acceptance

▲    Closeout of any financial matters

▲    Preparation of the project’s final performance report

▲    Conducting a project review

▲    Documenting lessons learned

▲    Completing, collecting and archiving project records

▲    Celebrating project success.

e Organization

The IPMC Project Management Framework diagram shown in Figure 1.9 illustrates the integrated process flow developed to insure a structured approach to product development within the ORGANIZATION as well as providing systematic checks and balances both annually and at critical points with the project life cycle.

This guide focuses on project management and the steps necessary to deliver a project within the constraints identified by the organization. It provides standard methods and guidelines to ensure the ORGANIZATION conducts projects in a disciplined, well-managed, and consistent manner promoting the delivery of quality products on time and within budget. As stated before, the application of project management is an iterative process.

For the purpose of this guide, a project takes place within the context of the organization and the business unit driving the work effort. Therefore, the project life cycle methodology reflects the structure of the organization and the type of project being undertaken. Because the capital needs and high-level feasibility studies are performed in  the organization during the budget formulation and allocation processes, project life cycle will begin with project initiation and end with project closeout. The life cycle phases between initiation and closure encompass activities dictated by the type of project and the work complexity.

The IPMC Project Management Framework diagram is included at the beginning of each of chapter of the guide to illustrate the steps and related project management process groups.

The Program (Investment) Life Cycle integrates the project management and system development life cycles with the activities directly associated with system deployment and operation. By design, system operation management and related activities occur after the project is complete and are not documented within this guide. The program management life cycle is depicted and describe in the overall IPMC Project Management Framework to address the integration of OMB Exhibit 300 project (investment) management activities and the overall project budgeting process.

The IPMC Project Management Framework diagram illustrates Milestone 4 which occurs following the deployment of a system and the closing of the project. The project closing phase activities in  the organization continues through system deployment and into system operation for the purpose of illustrating and describing the system activities that the organization considers to be part of the project.