Every project has certain
phases of development. A clear understanding of these phases allows
managers and executives to maintain control of the project more
efficiently.
By definition, a project has a beginning and an end and passes
through several phases of development known as life cycle phases. These
phases are varied depending upon the industry involved but all follow
the same basic steps.
It is important to realize that the project life cycle for each
project may differ, in both the number of phases it may have and the
detail within each of these phases.
The phases are generally sequential, and their names and numbers are determined by the management and control
needs of the organization or organizations involved in the project, the nature of the project itself, and its area of application.
needs of the organization or organizations involved in the project, the nature of the project itself, and its area of application.
Characteristics of the Project Life Cycle
Projects vary in size and complexity. All projects can be mapped to the following generic life cycle structure:
-Starting the project,
-Organizing and preparing,
-Carrying out the project work, and
-Closing the project.
