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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.