The project[1] lifecycle consists of five process[2] groups (often referred to as phases): Initiation, Planning, Execution, Control, and Closing.
Defined Terms
1. ↑ project.
An interrelated set of tasks with a beginning and an end that is bounded by time, resources, costs and desired results.
2. ↑ process.
The mechanism through which the data are transformed, manipulated and created into output such as a report, a decision etc. A series of activities that need to be carried out to accomplish some sort of organizational goal. A sequence of events or activities that are triggered by something happening and results in something being achieved.
