Project phases

[ { "value": "Project phases refer to the distinct stages that a project undergoes from initiation to completion. Each phase serves a specific purpose and helps in organizing and managing the workflow systematically. Typically, a project goes through initiation, planning, execution, monitoring, and closure phases. During the initiation phase, the project's objectives and feasibility are defined. Planning involves creating detailed blueprints for reaching the project's goals. The execution phase is where the actual work happens, followed by monitoring to ensure everything stays on track. Finally, the closure phase wraps up all activities and evaluates the project's success. Understanding these phases is critical for efficient project management, ensuring tasks are completed on time and within budget. } ]