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Pmp boot camp tampa11/10/2023 ![]() ![]() This includes tracking milestones, deliverables, risks, and issues.Ĭlosure is the fifth and final stage of the project life cycle. In this stage, project managers track the project’s progress and performance. Monitoring is the fourth stage of the project life cycle. This includes managing resources, executing tasks, and communicating with stakeholders. In this stage, project managers carry out the project according to the plan. The project plan includes a schedule, budget, risks, and other factors that need to be managed during the project.Įxecution is the third stage of the project life cycle. In this stage, project managers develop a detailed plan to guide the execution and delivery of the project. ![]() Planning is the second stage of the project life cycle. It involves identifying the project’s purpose, objectives, scope, deliverables, and stakeholders. Project initiation is the first stage in the project life cycle. What are the 5 stages of project management?Ī: The project management process typically consists of five distinct stages: initiation, planning, execution, monitoring, and closure.
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