Project Life Cycle

Project Life Cycle

3. Executing

1. Initiating

4. Closing

2. Planning

Define project objectives and scope

Identify stakeholders and key roles

Conduct feasibility study and risk assessment

Develop project charter

Secure initial approval and funding

Identify and allocate resources

Develop a comprehensive project plan

Define project schedule, milestones, and deliverables

Establish risk management strategies

Set quality control and assurance processes

Develop communication and stakeholder engagement plan

Manage teams, workflows, and communication

Implement project tasks and deliverables

Monitor project progress against the plan

Ensure quality control and performance tracking

Manage changes and document updates

Resolve issues and mitigate risks as they arise

Conduct project review, lessons learned, and documentation

Release project resources and complete financial closure

Obtain stakeholder approval and client acceptance

Finalize project deliverables and outcomes

Archive project documentation for future reference