Benefits
Benefits of the project lifecycle
Working through the project life cycle systematically brings
benefits by:
-
Facilitating planning as decisions are made in phases, so objectives
and deliverables are re-evaluated and can be redefined if necessary
-
Clarifying the work to be done in each phase so resources are
not committed without review and discussion
-
Pricing and estimating can be easier if clear work definitions exist
Phase 1 - Initiation and Definition
Phase 2 - Planning
Phase 3 - Execution
Phase 4 - Integration/Handover
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