Managing projects is not an easy task. There are so many things that can go wrong. Moreover, companies realize the risks that come with a project. Therefore, they try to recruit project managers who can handle the project from its initiation to delivery. Therefore, an efficient project manager can change the course of a project. To sum up, no matter if you are working on a little project or not, with modest business goals or a tremendous, multi-departmental movement with clearing corporate implications, a cognizance of the project management life cycle is essential. Project management works on a great mechanism. It believes that a project has different stages. Therefore, a clear plan of activities or tasks protects the project from beginning to end.

1. PROJECT
MANAGEMENT
STAGES

2. INITIATION
STAGE
This is the most crucial stage in any project. A project starts at this
stage. Therefore, it can begin with an idea or a concept. Usually,
companies form a board or committee to oversee the different stages
of a project. Therefore, the project manager consults his team and asks
for ideas.

3. ORGANIZING
STAGE
Individual structures for cost, scope, length, quality,
correspondence, hazard, and resources play a very
important role in developing a proper project plan.
Moreover, in this stage, the project manager, along
with his team of members, decides a course of action.

4. EXECUTION
STAGE
A major portion of the project gets project appraisals
during this stage through endeavors as status reports
and project meets. Also, different status reports,
human resource needs, and execution reports are
beneficial during this stage.

5. MONITORING
AND CONTROL
STAGE
However, coinciding as the execution stage, everything considered
directs assessing the project execution and progression in consent to
the project plan. Key execution markers for cost and time are found to
prevent problems in the project.

6. COMPLETION
STAGE
A project reaches completion in this stage. Therefore, it
consolidates the advancement of huge tasks like payments,
looking at the marketing side of the product, etc. Similarly,
companies close a project when they give the completed project
to the client, negotiate with stakeholders, and pass on different
projects' central focuses.

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