Which phase of the project management lifecycle often takes the longest to wrap up?

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SSC JE Electrical 9 Oct 2023 Shift 3 Official Paper-I
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  1. Estimation
  2. Conceptualisation  
  3. Execution
  4. Planning

Answer (Detailed Solution Below)

Option 3 : Execution
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Project management lifecycle

The project management lifecycle is a step-by-step framework of best practices used to monitor a project from its beginning to its end. It provides project managers with a structured way to create, execute, and finish a project.

This project management process generally includes four phases: initiation, planning, execution, and closing.

1.) Initiation

  • This process helps in the visualization of what is to be accomplished. This is where the project is formally approved by the sponsor/client, initial scope defined, and stakeholders identified. 

2.) Planning

  • The planning stage is where the project plans are documented, the project deliverables and requirements are defined, and the project schedule is created.
  • It involves creating a set of plans to help guide your team through the implementation and closure phases of the project.

3.) Execution

  • This process is also known as the implementation phase, in which the plan designed in the previous phase of the project activity cycle is put into action.
  • The intent of the execution phase of the project activity cycle is to bring about the project’s expected results.
  • Normally, this is the longest phase of the project management life cycle, where most resources are applied. 

4.) Closing

  • This is considered to be the last process of the project activity cycle.
  • In this stage, the project is formally closed and then a report is produced to the project sponsor/client on the overall level of success of the completed project. 
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