Process Life Cycle is a combination of stages in the life of a process. It is a series of transformations that will affect the process between the beginning and end. It represents all the changes the process will deal with from start through completion.
Life cycle describes the logical flow of stages a given process will step through to achieve its objectives and produce desired results. It is often represented with use of flowcharts. Flowcharting lets create a visual summary of a process’s life cycle. In the flowchart there are inputs, resources and outputs and also the relationships between them. This graph shows all the stages that are necessary to transform inputs into outputs. It also depicts which resources are consumed and in what quantity.
Management of process life cycle can be described as a series of these steps:
- Set process objectives
- Define available inputs
- Evaluate expected outputs
- Allocate necessary resources
- Generate outputs through input transformation
- Compare generated outputs against expected outputs
- Close the process
- Report on process performance.