Management Notes

Reference Notes for Management

Project Management Life Cycle – Phases, Importance, Challenges | Project Management

Project Management Life Cycle

Project Management Life Cycle refers to a system of phases and processes that guide the management of a project from its inception to its closure in a systematic manner.

Project managers and teams use it to plan, execute, monitor, and control projects, ensuring that they are delivered within budget, time, and scope.

Project Management Life Cycles usually consist of several distinct phases, depending on the method or approach being employed. The phases include initiating, planning, executing, monitoring, and controlling the project, as well as closing it.

As part of the overall management and successful completion of the project, each phase consists of specific activities, deliverables, and objectives.

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