5 Phases in project life cycle
Identify the need for the project
-idea, thought,brainstorming
Ex: decision to enter a new market
Feasibility analysis/study
Evaluate costs, benefits, risks
Planning
Decide who does what, how long it should take, and what you need to do it
Analyze what has to be done and time estimates for completing each activity
Execution
Do the project
Termination
End the project