Understanding the Project Life Cycle: How Do You Navigate Each Phase Successfully?

Dhanjith
Project Life Cycle.

The project life cycle refers to the series of phases that a project goes through from initiation to closure. Each phase has specific deliverables and activities that must be completed before moving on to the next phase. The typical phases of a project life cycle include initiation, planning, execution, monitoring and controlling, and closure.

During the initiation phase, the project is defined at a broad level. This is where the project's purpose and feasibility are determined. In the planning phase, detailed planning is done, and resources are allocated. The execution phase is where the actual work of the project is carried out. Monitoring and controlling involve tracking the project's performance and ensuring that it stays on track. Finally, the closure phase involves completing and delivering the project to the customer.
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