Briefly Describe the Different Stages of Project Life Cycle
Each of the phases of the project management life cycle has its specific goals. It is the phase where the feasibility and business value of the project are determined. Life Cycle Phases Of Project Management Geeksforgeeks Learn about them in depth here. . This is where the projects value and feasibility are measured. Often considered the most. In this stage company profit is small if any as the product is new and untested. Project management life cycle is the term used to describe the series of phases a project passes through from its start to its completion. 5 Phases of Project Management Life Cycle. Sometimes called Initiation this stage involves outlining the business problem and the intended software solution. In recent years companies of different industries or even same industries are not agreed on the universally accepted phases of project life cycle. Knowing these key stages of a project life cycle