PMP - Project Life Cycle - Page - 9
📊 Project Life Cycle (PMP)
Important Concepts & Types of Project Life Cycles
PMP Important Points
• Every project has a life cycle
• Phases can vary depending on project type
• Each phase produces deliverables
• Cost and staffing are usually low at start → high in middle → low at end
• Phases can vary depending on project type
• Each phase produces deliverables
• Cost and staffing are usually low at start → high in middle → low at end
📊 Types of Project Life Cycles (PMP)
Predictive (Waterfall)
Full plan upfrontSequential phases
Iterative
Work is refined in cyclesIncremental
Delivered in parts (increments)Adaptive (Agile)
Flexible, evolving requirementsHow a Project Moves Through Life Cycle
Start
➜
Planning
➜
Execution
➜
Closure
📌 Simple Definition
Project Life Cycle is the structured sequence of phases a project passes through from initiation to closure to deliver its objectives.
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