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

📊 Types of Project Life Cycles (PMP)

Predictive (Waterfall)

Full plan upfront
Sequential phases

Iterative

Work is refined in cycles

Incremental

Delivered in parts (increments)

Adaptive (Agile)

Flexible, evolving requirements

How 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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