project lifecycle

The project lifecycle refers to the series of phases a project goes through from start to finish. It typically includes five stages: initiation (defining the project), planning (outlining tasks and resources), execution (carrying out the plan), monitoring (tracking progress and making adjustments), and closure (finalizing and evaluating the project). Each stage is crucial for successfully completing the project, ensuring that goals are met efficiently, resources are utilized wisely, and outcomes are evaluated for future improvement. This structured approach helps teams manage complexity and achieve desired results effectively.