The document discusses the five phases of the project management life cycle: 1) project initiation, 2) project planning, 3) project execution, 4) project monitoring and control, and 5) project closure. The project monitoring and control phase measures project performance and tracks progress during execution to ensure timelines and finances align with the project management plan.

2. Project Management Life Cycle
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• A Project Management life cycle is a five-step
framework planned to assist project managers in
completing projects successfully.

3. 5 PHASES OF PROJECT MANAGEMENT LIFE
CYCLE
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4. PROJECT INITITATION
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5. 2. Project Planning
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6. 3. Project Execution
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7. 4.Project Monitoring and Control
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• The project monitoring and control phase is all about
measuring the performance of the project and
tracking progress. It is implemented during the
execution phase. The main goal of this phase is to
check whether everything aligns with the Project
Management Plan, especially concerning financial
parameters and timelines.