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. |
