During the completion phase of the project

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

PROJECT MANAGEMENT
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Table of Contents
1. Key stages of project life cycle for discussing the significance of PLC.....................................2
2. Structure of the project and proper illustration about the proposed structure.............................3
3. Discussion of project portfolio....................................................................................................3
4. Discussion about the approach of project control process...........................................................4
5. Discussion about the project closure deliverables.......................................................................4
6i) Purpose of establishing project network diagram......................................................................4
References........................................................................................................................................6

PROJECT MANAGEMENT
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1. Key stages of project life cycle for discussing the significance of PLC
The different stages of PLC are generally elaborated below:
1. Initiation phase: In this particular phase, the objective as well as need of the project are
identified which is mainly referred as the business opportunity. In addition to this proper
feasibility study is mainly conducted for investigating whether each of the determined
option is helpful in addressing the objective of the project.
2. Planning phase: In this particular phase, a project plan is developed that generally
outlines different tasks, activities, dependencies as well as timeframes. Moreover, the
project manager mainly coordinates with the budget of the project for giving proper
estimate about the budget (Kotb, Aly and Muhammad 2019).
3. Execution phase: In this particular phase, the project plan is used for performing the
work. Additionally, it is quite important to properly communicate during the entire
procedure of of implementation.
4. Closure phase: During the completion phase of the project, proper emphasis is put on
the release of the final deliverables to the project customer and in handling the created
documentation to the project manager.
The project lifecycle that is developed is helpful in in providing proper structured approach
during the time of project delivery. It generally assists in allowing every individual to determine
the progress of the project (Peltokorpi, Seppanen and Noorizadeh 2016). In addition to this, it
allows the project manager to properly link the progress of the project with each of the phase of
the project for recognizing completion of each particular phase.