What is a project life cycle?

A project life cycle is a framework that describes the stages a project goes through, from initiation to closure. These stages typically include initiation, planning, execution, monitoring and control, and closure. The life cycle provides a structured approach to managing projects, ensuring that key objectives are met and that each phase transitions smoothly into the next.

It helps in organising tasks, setting timelines, and allocating resources effectively. Having a well-defined project life cycle can improve project outcomes and stakeholder satisfaction.