Project Lifecycle Phases

Key Stages In The Life Cycle Of A Project. The Project Lifecycle Refers To The Entire Journey Of A Project, From Its Inception To Its Conclusion. It Consists Of Three Primary Phases: Project Initiation, Project Execution, And Project Closure. During The Initiation Phase, Project Objectives Are Defined, Stakeholders Are Identified, And Project Planning Begins. The Execution Phase Involves Carrying Out The Planned Activities, Monitoring Progress, And Making Necessary Adjustments. Finally, In The Closure Phase, Project Outcomes Are Evaluated, Deliverables Are Handed Over, And Project Documentation Is Completed. Understanding And Effectively Managing The Project Lifecycle Is Crucial For Delivering Successful Projects Within Scope, Time, And Budget Constraints.