What are the various phases of project management life cycle?

Q: What are the various phases of project management life cycle? Explain
Answer:

The various phases in project management life cycle are –
•    Analysis and evaluation
•    Marketing
•    Design
•    Inspecting, testing and delivery
•    Post completion analysis

1.    Analysis and Evaluation Phase

•    It starts with receiving a request to analyse the problem from the customer.
•    The project manager conducts the analysis of the problem and submits a detailed report to the top management.
•    The report should consist of what the problem is, ways of solving the problem, the objectives to be achieved, and the success rate of
achieving the goal.

2.    Marketing Phase

•    A project proposal is prepared by a group of people including the project manager. This proposal has to contain the strategies adopted to market the product to the customers.

3.    Design Phase

•    Based on the inputs received  in the  form of  project feasibility study, preliminary project evaluation, project proposal  and customer interviews, following outputs are produced:
o    System design specification
o    Program functional specification
o    Program design specification
o    Project plan

4.    Inspecting, Testing and Delivery Phase

•    During this phase, the project team works under the guidance of the project manager. 
•    The project has to be tracked or monitored through its cost, manpower and schedule. 
•    The tasks involved in these phases are:
o    Managing the customer
o    Marketing the future work
o    Performing quality control work

5.    Post Completion Analysis Phase

•    After delivery or completion of the project, the staff performance has to be evaluated. The tasks involved in this phase are:
o    Documenting the lessons learnt from the project
o    Analysing project feedback
o    Preparing project execution report
o    Analysing the problems encountered during the project