According to Bright Hub PM, projects have 5 phases.
Initiation – includes an overview of the project in addition to the strategy you plan on using in order to achieve the desired results.
Planning – includes a detailed breakdown and assignment of each task of your project from beginning to end.
Execution/Control – the planned solution is implemented to solve the problem specified in the project’s requirements.
Closure – a written formal project review report which contains the following elements:
- A formal acceptance of the final product (by the client)
- Weighted Critical Measurements (a match between the initial requirements laid out by the client against the final delivered product)
- Lessons learned
- Project resources
- A formal project closure notification to higher management.
See anything missing?