Management life cycle

If that cannot happen, the team should record variations from the original plan and record and publish modifications to the plan. There may be dozens, or even hundreds of tasks that need to be completed at just the right time and in just the right sequence.

It also includes addressing outstanding payments and sending invoices for the payments.

project management life cycle pmi

In case, you are worried about how you will be able to handle all these project management tasks single-handedly, then this is a must read an article on Project Management Tools.

Planning is the second yet most important phase in the project management life cycle.

explain project management life cycle

It helps you to monitor and control the level of quality produced by the project, to ensure that you meet the required quality targets. The plans created during this phase will help you manage time, cost, quality, changes, risk, and related issues.

With Lucidchart, the essential visual productivity platformyou can document all parts of your process to make planning and execution simple.

project management life cycle pdf

During the planning phase, the project team developed an integrated project schedule that coordinated the activities of the design, procurement, and construction teams. This is the phase in which the deliverables are physically built and presented to the customer for acceptance.

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Five Phases of the Project Management Lifecycle