Project Management Life Cycle (PMLC) is an organized framework that defines the steps and processes necessary for successful completion of a project. It outlines the phases of a project, from inception to completion, and the responsibilities of each stage. The PMLC model is a popular tool used by project managers to ensure that each phase of a project is effectively managed and completed.
The PMLC typically consists of five main phases: initiation, planning, execution, monitoring and control, and closure. During the initiation phase, a project manager will identify the project objectives and define the scope of the project. The planning phase will involve developing strategies to achieve the project goals, while the execution phase is where the strategies are put into action. During the monitoring and control phase, the project manager will track progress, identify and address any issues, and make necessary adjustments.