![]() ![]() This is where you set up the roadmap for success and decide whether it’s feasible. It helps determine the vision, goals, and scope of the project. ![]() This phase of the project management life cycle is called project initiation. Project initiation phaseĮvery project life cycle starts with the same question: Why are we doing this project in the first place? Here, we'll explore the five stages of the project life cycle phase and how to execute each one effectively. Knowing each phase's key milestones and deliverables will help you plan and manage your projects effectively. Much like you would break down the life cycle of a customer or a product, there are phases to the process to help you stay on track. What are the 5 phases of the project life cycle? Learning a project life cycle (and why it is so useful) gives leaders a framework to plan, execute, and deliver every project like a smooth operator. This allows the project manager to break down every task and request into smaller, manageable chunks so it's easier to carefully plan and deliver everything. It provides structure - or, rather, a roadmap - to help you organize, manage, and track progress.Įach phase has its own objectives and deliverables that build on the next and eventually lead to the successful completion of a project. Mastering the project life cycle makes your pipeline more efficientĪ project lifecycle is a series of phases that define the process of taking a project from its inception to completion. ![]()
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