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People in Projects by Project Management Institute

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Project Life-Cycle Stages

In today’s hypercompetitive business environment, professional project managers feel pressured to rapidly complete projects. The disciplined use of a project life-cycle model may help project managers overcome two key technical problems: 1) late identification or omission of key project components (such as risks, tasks, features, resource needs, personnel roles, and responsibilities), and 2) continued investment in a failing project.

While there are different models of project life-cycle stages, we have adopted a standard, generic four-stage model that includes the following: conceptual planning, process organizing, implementing and controlling, and evaluating and system improving. Completion of each stage requires ...

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