Question

List the various activities associated with the implementations phase of the project life cycle

Answer 1

The 4 Phases of the Project Management Life Cycle



Whether you’re working on a small project with modest business goals or a large, multi-departmental initiative with sweeping corporate implications, understanding the project management life cycle is essential. Every project has essential milestones at the beginning, in the middle, and at the end, following a path from initiation to completion to evaluation.

Working with an understanding of the project management cycle helps you keep your project organized and on track from ideation to completion.

Project management life cycle overview

The project management life cycle describes high-level processes for delivering a successful project. For every $1 billion invested in projects by companies in the United States, $122 million was wasted due to lacking project performance, according to Project Management Institute Research. Wasted money and resources can be prevented with effective project management, as 57% of unsuccessful projects fail due to communication breakdown. In the phases of the project management life cycle, you come up with the idea for a project, define its goals, plan for its execution, and guide it to completion.

4 phases of the project management life cycle

The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure—these make up the path that takes your project from the beginning to the end. Some methodologies also include a fifth phase, controlling or monitoring. For our purposes, this phase is covered under the execution and closure phases.

To help you visualize the project management lifecycle, use this free customizable template. It’s easy to edit and share with your team.

Project Management Life Cycle (Click on image to modify this template)

Use this free project management life cycle template