There are 5 phases to the project life cycle (also called the 5 process groups)—initiating, planning, executing, monitoring/controlling, and closing.

What are the phases of project life cycle?

A standard project typically has the following four major phases (each with its own agenda of tasks and issues): initiation, planning, implementation, and closure. Taken together, these phases represent the path a project takes from the beginning to its end and are generally referred to as the project “life cycle.”

What is project life cycle in project management?

The Project Life Cycle refers to the four-step process that is followed by nearly all project managers when moving through stages of project completion. The Project Life Cycle provides a framework for managing any type of project within a business.

What are project life cycle models?

The standard project life cycle model consists of four very distinct project phases that have deliberate start and end points. That is, once a project is completed, tools are archived, resources are sent to new projects, the job is closed out, and then the entire process starts over.

What is the pre-project phase?

Pre project phase: In the pre project discussions happen at super management level wherein the business problems are identified, applications (to be built) are decided, these applications are prioritized, budget is allocated for the same and team formation is started. This phase ensures the commitment part of the project.

What is the life cycle of a project?

Project Life Cycle: The execution phase. During the third phase, that of the implementation, the project plan is put into motion and the work is performed in concrete, following the steps structured in the planning phase. It is important and fundamental to maintain control and communicate how – and when – necessary during this whole phase.

What are the different phases of a project?

Any project can be divided into several stages from its initiation to its conclusion. Each phase has a set of activities and goals a project team should undertake and achieve before moving to the next step. All the project phases form a coherent process of gradual project development and represent a project life cycle.

What is post post project phase?

Post project phase also comprises of maintenance (or enhancements) and fixes phase. In these phases the project is improvised incrementally and thus continuous product development (and thus incremental improvement) is achieved.