Manufacturers Project Lifecycle System
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Manufacturers Project Lifecycle System ( aitEdge-MPLS )
The Project Life Cycle provides a framework for managing any type of project within a business. It focuses on the phases, processes, tools, knowledge and skills of managing a project.
Life cycles define the way business objects mature, providing a model for the commercialization process. Business information and objects become more mature throughout the product development cycle.
The 5 phases of project life cycle
- Initiating
- Planning
- Executing
- Monitoring/controlling
- Closing
Each of these project phases represents a group of interrelated processes that must take place.
