Project phases are the distinct stages of a project that have their own characteristics and deliverables. They are typically divided into four main categories: initiation, planning, execution, and closure. Each phase is designed to help the project team move from one stage to the next in an organized and efficient manner.
The initiation phase is the first step in any project. During this phase, the project team will define the scope of the project, identify stakeholders, and create a timeline for completion. This phase also includes developing a budget and obtaining approval from all stakeholders before moving forward with the project.
The planning phase is where the project team will develop a detailed plan for how they will complete the project. This includes creating a work breakdown structure (WBS), assigning tasks to team members, and setting deadlines for each task. The planning phase also involves identifying potential risks and developing strategies to mitigate them.
The execution phase is when the project team begins working on the tasks outlined in the plan. During this phase, team members will be responsible for completing their assigned tasks on time and within budget. The execution phase also includes monitoring progress and making adjustments as needed.
The closure phase is when the project team completes all of their tasks and delivers the final product or service. During this phase, the team will review their work to ensure it meets all requirements and make any necessary changes. Once all stakeholders have approved the final product or service, the project can be considered complete.