What are the 5 stages of project management?

The five phases of project management are:

• Initiation: the project is defined and its feasibility assessed;
• Planning: the project plan is developed including scope, timeline, and resources;
• Execution: project activities are carried out and deliverables are created;
• Monitoring and controlling: project performance is tracked and any necessary adjustments are made;
• Closing: involves finalising all project activities, formally completing the project and disbanding the project team.

These 5 project management phases are described in detail in the PMBOK® Guide.