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Project Life Cycle

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The Project Life Cycle

The undertaking of a project by an organization can be a tremendous feat for those who are tasked with managing and part-taking in getting the project off the ground, and seeing it to the finish line. But before the project life cycle is discussed, we first have to understand what is defined as a project, its characteristics, and how a project manager reaches to the point of establishing a system that assists them in identifying the progression through the different stages of the project. A project is typically defined as an undertaking that is of a complex nature that is non-routine, a one-time effort and is limited by time, budget constraints, resources, and performance specifications designs to meet the specific needs of the final recipient (Grey & Larson, 2006). A project in its established characteristics possesses a defined life span with a beginning and end date, an established objective, specific time, cost, and performance requirement as mentioned earlier. A project also involves several departments and professionals, and most importantly, doing something that has never been done before. From the characteristics of a project mentioned above, a project life cycle fits with the defined life span of the project and the milestones that needs to be accomplished at different stages while the project is in progress. The project life cycle consists of four different stages which includes the defining or initiation phase, the planning phase, the execution phase, and finally the closure phase. Through these four stages, the project kicks off, starting out slowly in the first stage, increase to a high peak as it is in full swing, and then declines as the project comes to a close. These different stages will be discussed in further detail and a visual demonstration will also be given. The first stage of the project life cycle

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