Cost Influence Curve Ability to Cumulative Influence Cost Project Cost 100 % 0% J Ht eesennccens Lower Project Ti CompleteLevel of Total Effort Phase 1 Concept (Conceive) Phase 2 Planning D (Develop) Phase 3 Execution E (Execute) Phase 4 Transfer F (Finish) + Identify need + Establish feasibility: ~ program, process schematics = prelim budget. ‘schedule = project team “financing risks + Identify alternatives + Present proposal + Approval te Proceed 1 | * Develon: ul 1 opin " = block sixgrams [ -Sketehes, outline drawings I 1 cstandards i + Conduct studies I+ Select equipment " 1 + Reconfirm economies i = budget, cash flow 1 financing " 1 -schedule + Ro-actass risks, alternatives 1 Present Project Brief 1 Obtain approval to proceed I | * Forecasts & reports * Set up organization + Working digs & specs + Design raview + Procure equipment = Procure consim services + Produce physical asset + Quality assuranee/oontral + Verify performance + Modify 2s required + Progress monitoring + Deliver facility + Training operators + Reviews & Acceplances + Run up to capacity + Transfer materials = Setle all accounts + Re-assign remaining team + Archive lessons learned + Close all records + Deliver Final Report & transfer responsibilityProject Life Cycle Phase 1 Phase 2 Phase 3 Phase 4 Pra - Project Post - Project Initiation Planning Execution Close - Out Project Need Sinenkinas ‘oring and Control entering and cont Study | Systems Scope & Project Plan 7 Product In Service Detailed Design & Execution Sees) ! Product Transfer’ Funding for Funding for Major Funding for Funding tor Thestudy Definition Implementation Product support Planning ‘eTransfor