Phase, Effort and
The project life cycle serves to define the beginning and the end of a project.
For example, when an organization identifies an opportunity to which it would
like to respond, it will often authorize a needs assesment and/or a feasibility
study to decide if it should undertake a project. The project life cycle
definition will determine whether the feasibility study is treated as the
pirst project phase or as separate, standalone project.
One example of shared characteristic of a project phase: Cost, effort, and
staffing levels are low at the start, higher towards the end and drop rapidly
as the project draws to a conclusion