Project life cycle, Objectives, 4 phases of project life cycle,2021

 Project life cycle:-

Project life cycle is a framework for managing any type of project. It is a four step process. By which teams achieve project success. Managed by the project manager.

Starting the project --> Organising and preparing --> Carrying out the work --> Closing the project


1. Project initiation:-

Define and authorised project.
  • Purpose, vision, mission.
  • Objective and success criteria.
  • Schedule and budget
  • Name and authority of sponsor.
  • Checks the resources available with the business.

2. Planning:-

Determine the approach you will take and define all the details of how project will be done.
  • In this step the team identifies all of the work to be done.
  • The project x and resources requirements are identified along with the strategy for producing team.
  • A project plan is created outlining the activities tasks dependencies and time frames.
  • Project manager prepare project budget by providing cost estimates for the labour, equipment and materials cost.

Carry out activities defined during planning. Most of the resources are used here only time, money, people.
  • In this phase project plans are worked out.
  • The plan is constantly taken carry off.
  • The project manager use this information to maintain control over the direction of the project by comparing the progress report with the project plan to measure the performance of the project activities and take corrective action as needed.
  • Verify the completion criteria for met.
  • Create closure report.
  • Perform project post mortem.
  • Handing over the project documentation to the business.
  • Realising project resources.

Objectives of project life cycle:-


Quality is a measure of excellence or a state of being free from defects, deficiencies and significant variations.

How quickly does production take and how quickly can it respond to change in demand.

How uniform consistent and reliable a business products are.

How quickly operations process can adjust to changes in the market.

Refers to creation of individualized products to meet the specific needs of customers.

Minimization of expenses so that the operations functions can be completed as cheaply as possible.

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