What are the phases of the project lifecycle?

The project life cycle typically includes the following main phases:

1. Initiation — defining goals, justifying the project, appointing a manager.
2. Planning — developing a work plan, resources, timelines, and budget.
3. Execution — implementing planned tasks and monitoring performance.
4. Monitoring and Control — tracking progress, managing risks and changes.
5. Closure — delivering results, evaluating outcomes, and closing the project.

These phases help structure the work and ensure the successful achievement of project goals.