Project stages are an important part of project management and are used to divide a project into manageable chunks. This helps to ensure that the project is completed on time and within budget. The official business definition of project stages is “a series of distinct phases that a project passes through from its initiation to its completion.” Each stage is made up of a number of activities that need to be completed in order to move the project forward. This includes planning, execution, monitoring, and control. During each stage, the project manager must review the progress and make any necessary adjustments to ensure that the project is on track. Project stages are essential for successful project management and help to ensure that the project is completed on time and within budget.