The phases of the project life cycle include initiation, planning, execution, and closure.
Project life cycle refers to the process that is used by project managers when moving through stages of the completion of a project.
The phases of the project life cycle include initiation, planning, execution, and closure. The initiation phase is the identification of the business need, problem, and the ways to solve the problem is analyzed.
In the planning stage, once the project is approved, it's broken down into smaller tasks and there's a schedule to achieve the goals of the project.
The execution stage is the implementation stage. This is where the plan is put into action. The role of the project manager is to keep the work on track, manage timelines, and organize team members.
The closure stage is the stage where the final deliverables are delivered and the project resources are released.
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