Phase, Effort and Staffing

The project life cycle serves to define the beginning and the end of a project. For example, when an organization identifies an opportunity to which it would like to respond, it will often authorize a needs assesment and/or a feasibility study to decide if it should undertake a project. The project life cycle definition will determine whether the feasibility study is treated as the pirst project phase or as separate, standalone project.

One example of shared characteristic of a project phase: Cost, effort, and staffing levels are low at the start, higher towards the end and drop rapidly as the project draws to a conclusion