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- There are typically five project life cycle phases: initiation, planning, execution, monitoring and controlling, and closure. Initiation is where you define the goals, scope, budget, and timeline. Planning follows, focusing on creating a detailed action plan. Execution then carries out the plans to deliver the product.
www.atlassian.com/work-management/project-management/project-life-cycle
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Nov 29, 2023 · Learn how to break down the project management process into five phases: Initiation, Planning, Execution, Monitoring & Control, and Closure.
- 9 min
- 2020
- Project Initiation Phase. Initiating the first phase of the project life cycle is all about doing a project kickoff meeting with your team and with the client, and getting their commitment to start the project.
- Project Planning Phase. After receiving approval to proceed in the initiation phase, you can begin project planning, typically using a Gantt chart tool.
- Project Execution Phase. This is the part of the project life cycle where you finally get to execute on your awesome project plan. You bring your resources onboard, brief them, set the ground rules, and introduce them to one another.
- Project Monitoring & Controlling Phase. This project management step involves reporting on performance and monitoring and controlling the project. That means ensuring the project is going according to plan, and if it isn’t, controlling it by working out solutions to get it back on track.
Aug 8, 2024 · The project life cycle comprises five main phases: Initiation, Planning, Execution, Monitoring and Controlling, and Closure. Each phase serves a specific purpose and involves unique activities and deliverables. Project Initiation Phase. Project Planning Phase. Project Execution Phase. Project Monitoring and Controlling Phase. Project Closure Phase.
- Project Initiation Phase. The first phase in the project management life cycle is the initiation phase. This phase is the starting point for all projects when we need to make a positive decision about the objectives we need to achieve.
- Project Planning Phase. This phase of the project is essentially the plan that tells you where you are supposed to be in the first place. Without a plan, you have no idea if you are doing okay or not.
- Project Execution Phase. In the execution phase, work begins on implementing the project plan. This means putting it into action as soon as possible. The famous quote “Procrastination is the thief of time” holds very true for project execution.
- Project Control Phase. In the previous, execution phase, the process had started and now in this project management life cycle phase, the focus is on monitoring the processes as the work is performed.
- Initiating. In the initiation phase, you’ll define the project, including: Project goals, scope, and resources. Project purpose. What roles are needed on the team.
- Planning. In the planning phase, you’ll determine the steps to actually achieve the project goals—the “how” of completing a project. You’ll establish budgets, timelines, and milestones, and source materials and necessary documents.
- Execute and complete tasks. Executing a project means putting your plan into action and keeping the team on track. Generally this means tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions.
- Close projects. In the closing phase of the project management lifecycle, you’ll conclude project activities, turn the finished product or service over to its new owners, and assess the things that went well and didn’t go so well.
The project life cycle is the series of stages a project undergoes from start to finish, providing a structured roadmap for the team. Each phase has its own purpose, guiding the project toward its objectives while minimizing risks, controlling costs, and achieving milestones. In construction, this lifecycle is typically divided into five main ...
The project life cycle is a framework that represents the 5 key phases of project management: initiation, planning, execution, monitoring and control, and closure. The project life cycle is important because it provides firm footing for effective project management.
