Why it is better to have six or fewer lifecycle phases in EPM system: The project lifecycle has different phases from start to finish. Careful people from different areas can include and work together in the project. Starts from time to time completed or sometimes extends situations unless it fails. Mainly in the project the different phases are those: In this each phase has pre-feasibility can also be called conceptualization phase, feasibility or planning phase, development phase, implementation phase, launch phase and post-implementation phase. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The pre-feasibility phase or initial phase is the beginning of the project. In this the concept of the project will be explored and elaborated. The main objective of this project is to examine the project. At this initial stage the current or potential team leader will provide you with a description of the entire project. This type of project proposal includes business plans and grant requests. Project sponsors evaluate the proposal and, upon approval, provide the necessary financing. Questions may arise such as: why this project, is it possible or not? who the trusted partners are, what the outcome should be and the scope of the project. In the initiation phase for project development and to prevent false expectations regarding the project outcome. A project plan is conducted to define the strategy of the initiative. Project plans must be complete, realistic and accurate to have a successful project. The study is conducted to identify potential opportunities and complications that could help or derail the project. Project tasks and resource requirements are identified together with the strategy. In the project development phase, the planning or feasibility study is completed and the project moves into design and development. This phase follows unique user requirements and documentation and is measured against predefined criteria. In the fourth phase or execution phase, the project plan is initiated and the project work is executed. This is important to maintain control and communicate as needed during implementation. Progress is constantly monitored and appropriate adjustments are made and recorded as deviations from the original plan. In any project, a project manager spends most of his time in this phase. During project implementation, people perform tasks and progress information is reported through periodic team meetings. In this control phase, implementation occurs during the control phase. During this phase, the team's tasks and activities will be monitored against the plan to evaluate the actual progress of the project compared to the planned progress. Control is essential to ensure that objectives are achieved on time, within budgeted costs and in quality. Periodic reviews are usually carried out to allow the plan to be revised and any difficulties that arise to be resolved. The review is carried out to evaluate whether all the expected results of the project have been achieved. It is also important because it allows you to collect information on the processes used in carrying out the project from which lessons can be drawn for the future. Project exit must be managed to ensure that: all outstanding tasks are completed; all activities associated with the project are stopped; all resources are accounted for, including those remaining at the end e..