PROJECT MANAGEMENT LIFE CYCLE

By: Khalif Barkhadle
Digital Journalist
Published On: 1st September 2023

Every kind of project goes through the same stages, it may be more or less. Although each project will require its own set of unique processes and tasks, they all follow a similar framework. There’s always a beginning, a middle, and an end. This is called the Project Lifecycle.

The project management lifecycle helps provide some predictability and gives the project manager a way to tackle tasks in distinct phases

1. The Initiation Phase

The Initiation Phase is the first phase of the entire project management life cycle.
The goal of this phase is to define the project, develop a business case for it, and get it approved.

During this time, the Project Manager may do any of the following:
• Perform a feasibility study
• Create a project charter
• Identify key stakeholders
• Select project management tools

By the end of this phase, the project manager should have a high-level understanding of:
• The project's purpose,
• Goals,
• Requirements
and
• Risks.