Unit1 - Discussion Board Project Management



Unit1 - Discussion Board Project Management

Project Life Cycle and Managerial Skills

To better plan, execute and monitor a project, it is divided into smaller pieces, called phases, whose titles and quantity are determined by the control needs of the organization or organizations involved in the project (Jugdev & Muller, 2005).. The life cycle of the project (project life cycle) is the set of phases that compose it, usually in sequential order of execution. Following are the phases in project life cycle, which are mandatory in almost every project (Meredith & Mantel, 2011).

Initiation

At this stage, the ...