Explain the four phases of a project

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Project management is the process of planning, executing, and controlling projects to achieve specific goals and objectives within a set timeframe and budget. A project can be defined as a temporary endeavor that is designed to create a unique product, service, or result. The four phases of a project are initiation, planning, execution, and closure.

1. Initiation Phase: The initiation phase is the first stage of a project where the need for the project is identified and defined. In this phase, the project manager and team define the scope, objectives, and deliverables of the project. They also establish the feasibility of the project by conducting a preliminary analysis of the resources, timeline, and budget required to complete the project. The initiation phase culminates in the creation of a project charter that outlines the project's purpose, objectives, and scope.

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Degree : CERTIFICATE PROGRAMMES
Course Name : Advanced Certificate in Power Distribution Management
Course Code : ACPDM
Subject Name : Management Of Power Distribution
Subject Code : BEE 3
Year : 2023