Project Management Lifecycle

The Project Management Lifecycle is a structured process used to guide projects from start to finish. It typically consists of five phases: 1. **Initiation**: Defining the project's purpose and scope. 2. **Planning**: Developing a detailed roadmap, including tasks, timelines, and resources. 3. **Execution**: Carrying out the project plan and managing team efforts. 4. **Monitoring and Controlling**: Tracking progress, identifying issues, and making adjustments. 5. **Closure**: Finalizing all activities, delivering results, and reflecting on lessons learned. This lifecycle ensures projects are completed efficiently and effectively, achieving intended goals and outcomes.