What are the stages of project cycle ?

Question

Accepted Answer

The stages of project cycle include initiation, planning, execution, monitoring and control, and closure.

Initiation involves defining the project, identifying stakeholders, and creating a project charter.
Planning involves creating a project plan, defining scope, creating a work breakdown structure, and identifying resources.
Execution involves carrying out the project plan, managing resources, and communicating with stakeholders.
Monitoring and control involves tracking progress, identifying and managing risks, and making necessary adjustments.
Closure involves completing the project, obtaining final approvals, and conducting a post-project review.
Example: A construction project may involve initiation by defining the project scope and identifying stakeholders, planning by creating a project plan and identifying resources, execution by building the structure and managing workers, monitoring and control by tracking progress and managing risks, and closure by obtaining final approvals and conducting a post-project review.

Accepted Answer

The project management process generally include four phases:

:Initiating

:Planning

:Executing

:Closing and also monitoring, a phase between Executing and closing stages.

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