This is a small effort to simplify project/ business life cycle, steps and methodology. It starts with the 'WILL' to do something, Ambition to start a new business or project or effort to enhance existing one. It explains the importance of market research, the outcomes, importance of business plans the execution strategy and what shall be done once the execution is completed. It might not be the master piece representing the title yet it can be very helpful for the people who are willing and ready to take a challenge. Without criticism, perfection is impossible. I request the critics to help me to bring betterment in next topics. I shall be glad if I can be of further help in regards to the current topic in particular and related to business in general. This is my small effort and contribution to make the world a better place by aligning & spreading the knowledge. Looking forward to your feedback. Asif Chaudhry asifpannu@yahoo.com

1. METHODOLOGY OF PROJECT LIFE CYCLE
BY ASIF CHAUDHRY
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2. STAGES OF PROJECT LIFE CYCLE
 Introduction……………………………………………………………………… 03
 Stage 01 .……………………………………………………………………… 04
Market Research, Selection & Proposal
 Stage 02 ………………………..……………………………………………… 11
Business Project Plan & Approval
 Stage 03 ………………………………………….…………………………… 26
Project Execution
 Stage 04 ………………………………………….…………………………… 27
Monitoring, Control,Adjustment & Enhancement
 Appendix ………………………………………….…………………………… 28 2

3. INTRODUCTION
This document is prepared and presented to plan and execute full
exercise to identify, select, analyze & implement a risk free project. It is
a master methodology to start with market research and end with
Monitoring, Control, Adjustment & Enhancement. It covers all stages of
Project Life Cycle.
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4. STAGE 01
MARKET RESEARCH
Market research is any organized effort to gather information
about target markets or customers. It is a very important
component of business strategy.
The Research Process
 Define Objective
 Design the Research
 Data Collection
 Data Analysis
 Determination & Communication of Results
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5. MARKET RESEARCH
Conventional Research
 International Studies & Surveys
 National Studies & Surveys
 Data from Chamber of Commerce
 Data from Relevant Ministries
 Expert Reports
 Newspapers
Un-Conventional Research
 Meeting with Experts & Industry Leaders
 Meeting with Related Professionals
 Meeting with General Public
Scientific Analysis
 Data Mining
 Developing Theories & Opinions
 Matching Different Variables
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6. MARKET RESEARCH
After this research we will know overall market situation with below factors
 Most & Least Popular Sectors
 Papules and Saturated Sectors
 Under & Over Served Sectors
 Sectors in Demand
 Main & Support Industries
 Local & International Influences
 Current & Future Supply & DemandTrends
 Taxation
 Sectors Encouraged & Discouraged By the Government
 Dedicated Special Areas (Economic/ Free Zones)
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7. SECTOR SELECTION
The next important step toward achieving the goal is to select the sector which may include following qualities
 Sector in High Demand
 Popular Sector with Least Saturation
 Under Served Sector
 Sector Encouraged by the Government
 Sector with Government Subsidies
 Sector with High Local Demand
 Sector Manageable with Local Expertise
 Sector with Ease to Import Expertise
 Sector with Easy Future Expansion
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8. INTERNAL ANALYSIS
It is necessary to have a complete insight of organizational internal
situation to make effective use of market research. Internal analysis can
be conducted prior, during or after market research but before moving
to the next stages of decision making.
Effective analysis tools are as below
 SWOT analysis
 Organizations past, current and future performance
 Competitive Advantage
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9. PROJECT SELECTION FOR ASSESSMENT
Market research and internal analysis shall be a denominator to move forward to make realistic choices. After
selection of the sector and analysing organization, the next step is selection of most closely matching and appealing
projects. One or more projects can be selected for presentation to BOD.
The attributes to qualify any project for further assessment shall be as below
 Project shall fall within available initial investments
 Project shall be within working capability of the organization
 Project falling under prior experience & expertise are recommended
 Project with minimum risk
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10. OPPORTUNITY/ PROJECT RATIONALE
Once project selection is made, it shall be document with all pros and cons. After having a reasonable confidence in
workability of any project, the project shall be presented to BOD/ CEO/ Chairman or Management for further
discussion and to obtain approval to move forward with further actions.
Opportunity rationale is the most important element of a proposal. While other parts of a proposal concern
themselves with details on how a project would be carried out, the rationale explains why the opportunity is worth
considering in the first place. The Rationale must provide a compelling reason for committing resources to this
opportunity rather than some other opportunity.
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11. STAGE 02
BUSINESS PROJECT PLAN & APPROVAL
After presentation to the management, discussion and taking their consent and approval. The field work shall start for
accepted projects.
The Market research, internal analysis & selected projects require further workings to convert theories into plans to
discuss and align all aspects required to initialize any project.
Here in stage 02 of project life cycle, specific and direct approach shall be applied in consideration with goals,
resources, deliverables and management of project prior and after execution.
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12. BUSINESS PROJECT PLAN & APPROVAL
The business project plan shall include below aspects
 Project Scope
 Objectives
 Deliverables
 Success Factors
 ProjectTeam/ Organizational Chart
 Implementation Process
 Recognition of Required Resources
 Cost Analysis
 Mile stones & Project Schedule
 Risk Management
 QMS & KPIs
 Marketing & Sales
 Projected Reports 12

13. PROJECT SCOPE
A project scope statement or executive summary is a useful tool to outline the project's deliverables and identify the
constraints, assumptions and key success factors. The well-written scope statement clearly defines the boundaries of
a project.
The Project Scope Shall Cover as Below
 Project Justification
 Scope Description
 Acceptance Criteria
 Project Exclusions
 Constraints
 Assumptions
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14. PROJECT OBJECTIVES
Identify overall project objectives:
 Technical objectives
 Schedule objectives
 Cost objectives
 Special objectives
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15. PROJECT DELIVERABLES
Explain the deliverables required from the project, such as
 Identify end product or services
 Explain all details
 Explain looks and packaging
 Durability
 Other details about the product or service
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16. SUCCESS FACTOR
Overview of factors required to make the project a success,
for instance
 Key clients or target market
 Delivery on Time
 Quality of the Product
 Cost Controls
 Others
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17. PROJECTTEAM/ ORGANIZATIONAL CHART
Highlight the required team for project. Identify
the expertise and skills required for project
execution, operations & management
 The ManagementTeam
 The ProjectTeam
 The Production Team
 The SalesTeam
 The SupportTeam
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General
Manager
Financial
Manager
Project
Manager
Support
Manager
Production
Manager
Sales
Manager
Project
Secretory

18. IMPLEMENTATION PROCESS
A complete implementation process shall be
defined for the project, it may include
 Tasks/activities
 Procedures
 Tools/technology
 Project change control process
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19. RECOGNITION OF REQUIRED RESOURCES
Knowing the required resources for any project
before in timeline & right quantities is very
important. It may include
 Required Workforce
 Equipment and Machinery
 Places of Production and Delivery
 Outsourced Services/ Products
 Manufacturing or Acquisitions
 Required Marketing and Sales Strengths
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20. COST ANALYSIS
One of the most important factors in success of any business plan is knowing the
accurate costs prior, during and after execution. Wrong estimates can jeopardize
the project at any stage.The costs can be classified as
 Initial Investment
 Capital Expenditure
 Licensing & Legal Fees
 Financial Costs
 Running Costs
 Direct & Indirect Costs
 Sales & Marketing Costs
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21. MILESTONES & PROJECT SCHEDULE
Setting up the milestones with timeline and
specific dates helps the achievement of
projects on time. The schedule helps to
identify the total required time. Achievement
of Milestones can be step by step or in
parallel. The adjustments can be made in
accordance with different factors
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Legalization
•September 2016
Building Readiness
•March 2017
Import & Pant Fix
•April 2017
Manpower
Mobilization
•April 2017
Production
•May 2017

22. RISK MANAGEMENT
In every core of business, risks prevail. It is possible
to minimize the risk with proper management. Still
probabilities prevail that risks turn true. It is
required to highlight possible risks, the probability of
occurrence, impact on project, assignment of risk
ownership and drafting a mitigation plan.
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23. QMS & KPI
Quality Management System & Key Performance
Indicators keeps the project on required track and helps
prevent any deviation. Help can be taken by analyzing
market leaders and best practices. Some factors of
consideration can be
 Quality Standards
 Plans to Manage the Standards
 Monitoring the Plans within Set Costs
 Monitoring the Plans within Set Timelines
 Define Performance Indicators
 Define Mechanism to monitor, control & enhance indicators
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24. MARKETING & SALES
One of the most important factor in any project is
its Marketing to spread the message and awareness
and setting up the sales channels. . Some factors of
consideration can be
 Quality Standards
 Plans to Manage the Standards
 Monitoring the Plans within Set Costs
 Monitoring the Plans within Set Timelines
 Define Performance Indicators
 Define Mechanism to monitor, control & enhance
indicators
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25. PROJECTED REPORTS
The estimations and plans shall be translated into financial terms to represent the value of plan for minimum next 10 years. The important components of the reporting pack shall be as below
 Internal Rate of Return (IRR)
 Payback Period
 Net Present Value
 Capital Expenditure Breakdown
 Operating Expenses
 Working Capital Requirement
 Space Requirement, Allocation and Costing
 Machineries, tools requirement and Costing
 Raw Materials Requirement and Costing
 Human Resources Requirement and Costing
 Production and Sales Estimation
 Pricing Methodology
 Projected Cash Flow
 Projected Income Statement
 Projected Balance Sheet
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26. STAGE 03
PROJECT EXECUTION
Once approved, the business plan shall be transformed into execution
plan. The focus shall be shifted to translate the plan into reality. Some
factors for project execution are as below
 Execution Plan
 Timelines
 Selection of Contractors
 Selection of Equipment
 BOQs
 Implementation of Cost Control Process
 Recruitment & Manpower Mobilization Plan
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27. STAGE 04
MONITORING, CONTROL,ADJUSTMENT & ENHANCEMENT
After successful execution of project the focus shall shift to monitor,
control, adjust and enhance the organizational efficiency. The
projection shall become the initial benchmarks. This process is
continuous and shall focus on improving the profitability by reducing
the cost and enhancing the profitability to maximize return on
investments
 Define Activities
 Define Process, Policies & Procedures
 QMS & KPIs
 Job Descriptions
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28. APPENDIX
 ResearchTemplate
 Feasibility Study
 Organizational Chart
 Projected Financials
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29. THANKYOU!
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