The official business definition of Phase of the Project is a distinct period in the life cycle of a project. It is a set of activities that must be completed before the project can move on to the next phase. Each phase has a specific purpose and outcome that can help guide the project to its successful completion. A project can have a variety of phases, depending on the type of project and the goals of the organization. Generally, a project is divided into four major phases: initiation, planning, execution, and closure. During the initiation phase, the project is identified and the project team is formed. During the planning phase, the project objectives and timeline are established, and the project budget is determined. The execution phase is when the majority of the work is done and the project is in its final stages. Finally, the closure phase is when the project is concluded and the results are evaluated. Depending on