Question: Which of the following is the first phase of project life cycle?
A Project Execution
B Project Closure
C Project Initiation
D Project Monitoring
Answer: Project Initiation
| Phases of project life cycle | Description | |
| 1.
|
Initiation | · Conception of the project.
· Defining the project’s purpose and feasibility. · Setting initial goals and objectives. · Securing approvals and resources to start the project. |
| 2. | Planning | · Developing a detailed project plan.
· Defining scope, schedule and budget. · Allocating resources and creating a project roadmap. |
| 3. | Execution | · Implementing the project plan.
· Completing project tasks and objectives. · Monitoring progress and managing resources. |
| 4. | Monitoring and Controlling | · Continuously tracking and measuring project performance.
· Identifying and addressing issues and changes. · Ensuring the project stays on track. |
| 5. | Closing | · Formal project closure, delivering the final product or service.
· Conducting a project review and evaluation. · Releasing project resources and documenting lessons learned. |