Sophia TUTORIAL Project Life Cycle & Processes,

Project Phase A grouping of work that is a part of the project life cycle and contributes to the generation of project deliverables. 1a. Phase One: Beginning a Project This is the kickoff phase of the project, and it's where the project manager is assigned and begins work. This is also where the stakeholders are identified and the project scope and project deliverables are defined. This might happen before the project manager Is assigned, but often the project manager is part of this process. Once the scope is known, then it's time to create the first estimates for the schedule, budget, and what resources are needed to complete the work. When this phase is complete, all stakeholders should agree that the project can proceed.  HINT A more detailed schedule and budget will be developed in a later phase, so it’s important for a project manager to avoid getting hung up on specific details at this point.  TERMS TO KNOW Project Scope The phase conducted at the beginning of a project where a project manager conducts research and collects information to identify specific project deliverables.