What is a project lifecycle ?

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Accepted Answer

A project lifecycle is a series of phases that a project goes through from initiation to closure.

A project lifecycle typically consists of phases such as initiation, planning, execution, monitoring and control, and closure.
Each phase has specific objectives, deliverables, and activities that need to be completed.
The project lifecycle provides a structured approach to managing projects and ensures that all necessary tasks are completed.
For example, in the initiation phase, the project is defined, stakeholders are identified, and the project's feasibility is assessed.
During the planning phase, project goals, scope, schedule, and resources are determined.
The execution phase involves the actual implementation of the project plan.
In the monitoring and control phase, project progress is tracked, and any necessary adjustments are made.
Finally, the closure phase involves wrapping up the project, documenting lessons learned, and transitioning deliverables to the operational team.

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