Dragan Ugrinov
InitiationDefining the project's goals and purpose Identifying key stakeholders Conducting feasibility analysis Creating initial documentation (business case, preliminary reports) Formal approval to start the project PlanningDefining the project scope in detail Creating a timeline and setting deadlines Allocating resources (people, budget, equipment) Identifying risks and developing risk management strategies Establishing communication and quality plans Execution (Implementation)Carrying out the project plan and executing tasks Managing teams and stakeholder communication Monitoring progress and handling changes Ensuring quality control ClosureVerifying and accepting the final product or service Evaluating project success Documenting lessons learned and key takeaways Disbanding the project team and preparing final reports
Farah Saed Dheere
The Project Life Cycle consists of all the phases a project goes through from initiation to completion. It typically includes four main phases:
These phases can be adjusted depending on the type of project and the methodology used (e.g., Waterfall, Agile).
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