The Project Development Life Cycle is the management and completion of projects. It is a systematic approach to ensure that all aspects of the project management process are taken into consideration, from initial planning and design to implementation and evaluation.
The cycle is made up of four distinct phases that help to ensure the successful completion of the project. The first phase is the Initiation phase, where the project is initially defined and the project team is created. The second phase is the Planning phase, where the project goals and objectives are established, the project timeline and budget are determined, and the tasks are broken down into milestones. The third phase is the Execution phase, where the project is implemented, and the fourth and final phase is the Evaluation phase, where the project is evaluated to determine its success.