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.