The average project life cycle consists of five phases or processes. Please note that there is not a single or unique way to define project life cycle.
1. Initiation
a. Develop Project Charter
b. Identify Stake holder
2. Planning Processes
a. Define Scope
b. Define Requirements
c. Create WBS (Work Breakdown Structure)
3. Executing Process
a. Acquire and Develop Project Team
b. Perform Quality Assurance
4. Monitoring & Controlling Processes
a. Verify Scope
b. Perform Quality Control
5. Closing Proceses
a. Close Procurement
b. Close Project or Phase
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