What is a Project Life Cycle?
Most projects go through similar stages on the path from origin to practical completion. These stages are defined as project’s life cycle.
The project is born and management team selected, the initial resources are assembled and the work programme is organized. Then the work gets under way and momentum quickly builds. This continues to the practical completion of the project.
Project activities increase as planning is completed and real work of the project gets underway. This rises to the peak and then begins to taper off as the project nears completion, finally ceases when evaluation is complete and the project terminated.