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Project Life Cycle Phase

oboloo Glossary

Project Life Cycle Phase

The project life cycle phase is an official business definition used to describe the stages a project passes through from its initiation to its completion. It is a fundamental component of project management and consists of four distinct phases: initiation, planning, execution, and closure. During the initiation phase, the scope of the project is defined and a project manager is appointed. The planning phase involves the development of a detailed project plan and the identification of stakeholders and resources. During the execution phase, the project is implemented as planned and progress is monitored and reported. The closure phase includes the completion of tasks and the documentation of project results. Each phase involves different processes and activities, and the successful completion of each phase is essential for the successful completion of the project. Project life cycle phases are used to provide structure and guidance to the project management process, and ensure that the project is completed successfully.

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