The five stages of construction process are a set of official business definitions for managing the various tasks and activities related to a construction project. The stages include Initiation, Planning, Execution, Monitoring & Controlling, and Completion. During the Initiation phase, the project scope is defined and the project team is established. During the Planning phase, the project team identifies the tasks and activities to be completed, and develops a timeline, budget, and resources. During the Execution phase, the project team implements the plan and begins the work. During the Monitoring & Controlling phase, the project team checks that the project is meeting the timeline, budget, and quality standards. During the Completion phase, project closeout activities are completed, such as acceptance and final payment. By using the five stages of construction process, project managers can better control the construction project and ensure successful completion.