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What is Understanding Project Initiation Phase about?

A project life cycle consists of phases from initiation to closure that a project goes through. It typically includes initiation, planning, execution, and termination phases. The life cycle provides the basic framework for actions in a project regardless of the specific work involved. Characteristics of the life cycle include costs and staffing levels peaking during execution and risks being highest early on. Understanding the life cycle helps organizations run projects more efficiently.

Author

Romaisah

Language

EN