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Project Life Cycle

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Submitted By sibil1109
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Project Life Cycle The four sequential major time periods through which any project passes, namely:
1. Concept
2. Definition
3. Execution (implementation or development)
4. Finishing (commissioning or close out).
Each period may be identified as a Phase and further broken down into stages that typically reflect the area of project management application and the size and complexity of the specific project. [D01432]

A collection of project phases whose name and number are determined by the control needs of the organization or organizations involved in the project. [D01428]

The complete set of time periods through which a project passes sequentially in a logical and orderly manner. In its simplest form the life cycle consists of four major periods:
1. Concept (where the project concept as a need solution is selected and defined)
2. Development or Definition (where the concept is verified and developed into a workable plan for implementation)
3. Implementation (where the implementation plan is carried out); and
4. Closeout (where the project process is completed and documented, and the finished product is transferred to the care, custody and control of the owner.)
Progress through the project life cycle is identified by ‘milestones’, but these major periods should be separated by ‘Control Gates’ or ‘Executive Control Points’. [D01429]

The four sequential phases in time through which any project passes, namely: Concept; Definition (or Development); Execution (Implementation or Operation); Finishing (Termination or Close Out).
Note: These phases may be further broken down into stages depending on the area of project application. [D01430]

The period from project initiation to completion. [D01431]

The events, from beginning to end, necessary to complete a project. [D01434] While there are many different versions of the

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