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Quality Management Integration Management Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project. The following set of illustrations depict the project management life cycle, knowledge areas, and processes used: 1.2.5.
Project Life Cycle Stages. The first stage in a projectâs life cycle is its initiation. During the initiation, team members define the projectâs goals and define the overall parameters.The planning stage follows, which involves listing and prioritizing the activities and tasks needed to achieve the goals of a project.roject Life Cycle Stages. The first stage in a projectâs life cycle is its initiation. During the initiation, team members define the projectâs goals and define the overall parameters.