Life-cycle management covers all project development stages: from concept development through design and production to sales, after-sales service, and recycling.
The competition presents the work of cross-functional project teams engaged in project development and management at all stages of the life cycle according to the set task.
During the competition, the following soft skills are evaluated: project team management, communication skills, project (programme) management, public speaking, and effective presentation.
Project development includes the following stages: forming an effective team, project solution development (concept, roadmap, design and technological documentation, financial model, production plan, HR strategy, marketing policy, risk management), and project presentation.
The use of technology allows for a shorter time-to-market and an efficiency increase.
Myth No.1 of project management is that the project manager is the main expert on the team. However, the project manager’s role is facilitating the implementation process and guiding the project team throughout the project’s life cycle.
In 2016, a team of Competitors in the Skill designed an exoskeleton complementing the biomechanics of human lower limbs. Later, the team joined the task group developing a real product.
It is believed that project management in its modern sense appeared in the 1950s. But some researchers believe that an approach resembling PM was used during the construction of the Giza pyramids.