The Project Management Life Cycle Phases is an official business definition that outlines the various stages of a project. It is a crucial part of any successful project, as it helps to ensure that all tasks are completed in the proper order and that there are no unexpected delays or obstacles. The Project Management Life Cycle Phases generally includes five distinct, but interrelated steps: initiation, planning, execution, monitoring and control, and closure. The initiation phase is when the project is created and the scope of the project is outlined. During the planning phase, the project team will develop a plan for how the project should be executed. This includes project objectives, timeline, budget, resources and deliverables. The execution phase is when the project is actually put into action, with tasks being completed and resources allocated. The monitoring and control phase is when the team will track progress and address any issues that arise. Finally,