A logical sequence of activities to accomplish the project’s goals or objectives refers to a project life and project goes through a series of stages during its life to fight against the scope of the project. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project.  The project life cycle includes the following series of tasks.

Project Initiation

Project Initiation is the first phase in the Project Life Cycle and essentially involves starting up the project. You initiate a project by defining its purpose and scope, the justification for initiating it and the solution to be implemented. You will also need to recruit a suitably skilled project team, set up a Project Office and perform an end of Phase Review.

Project Planning

After defining the project and appointing the project team, you're ready to enter the detailed Project Planning phase. This involves creating a suite of planning documents to help guide the team throughout the project delivery.

Project Execution

This is the phase in which the deliverables are physically built and presented to the customer for acceptance. These processes include managing time, cost, quality, change, risks, issues, suppliers, customers and communication.

Once all the deliverables have been produced and the customer has accepted the final solution, the project is ready for closure.

Project Closure

Project Closure involves releasing the final deliverables to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources and communicating project closure to all stakeholders.