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When the project is initiated, the project team will focus on dening the overall scope for the product and project, develop a plan to deliver the product (and any associated deliverables), and then proceed through phases to execute the plan within that scope. Changes to the project scope are carefully managed and require re planning and formal acceptance of the new scope. Predictive life cycles are generally preferred when the product to be delivered is well understood, there is a substantial base of industry practice, or where a product is required to be delivered in full to have value to stakeholder groups. Even projects with predictive life cycles may use the concept of rolling wave planning, where a more general, high-level plan is available and more detailed planning is executed for appropriate time windows, as new work activities are approaching and resources are to be assigned.
2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) Fifth Edition
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