Written by Coursera Staff • Updated on
Discover the four steps of the project management lifecycle—initiating, planning, executing, and closing—and how to get started in this field.
What is the project management lifecycle?
The project management lifecycle is a step-by-step framework of best practices used to shepherd a project from its beginning to its end. This project management process generally includes four phases: initiating, planning, executing, and closing. Some may also include a fifth “monitoring and controlling” phase between the executing and closing stages.
The purpose of the project management lifecycle is to provide project managers with:
A structured way to create, execute, and finish a project.
Clear phases, milestones, and deliverables
Better communication among stakeholders
Risk management
Quality control
By following each step of the lifecycle, a project team increases the chance of achieving its goals. As a project manager, you'll need to know this process well.
Read more: What Does a Project Manager Do? A Career Guide
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The Project Management Lifecycle: 4 Steps
1. Initiating
In the initiation phase, you’ll define the project, including:
Project goals, scope, and resources
Project purpose
What roles are needed on the team
What stakeholders expect out of the project
This is a crucial phase to the project’s success, as it gives the team direction. Without clarity around what needs to be achieved and why, the project runs the risk of not accomplishing the end goals and meeting stakeholders' expectations.
Some steps in the initiation phase include:
Communicating with stakeholders to understand the purpose and desired outcomes of the project
Identifying project scope
Determining SMART goals (specific, measurable, achievable, relevant, and time-bound)
Clarifying resources like budget and time constraints
Confirming team size and roles required
Determining how often and which stakeholders will be involved throughout the project
Compiling a project proposal and project charter
Tools and documents used in the initiation phase can include:
Project proposal: The project proposal defines a project and outlines key dates, requirements, and goals.
Project charter: This is a definitive document that describes the project and main details necessary to reach its goals. This can include potential risks, benefits, constraints, and key stakeholders.
RACI chart: A RACI chart plots the roles and responsibilities of members on a project team.
2. Planning
In the planning phase, you’ll determine the steps to actually achieve the project goals—the “how” of completing a project.
You’ll establish budgets, timelines, and milestones, and source materials and necessary documents. This step also involves calculating and predicting risk, putting change processes into place, and outlining communication protocols. If the initiation phase is assembling your troops, the planning phase is deciding what to do with them.
The planning phase can include the following steps:
Deciding on milestones that lead up to goal completion
Developing a schedule for tasks and milestones, including time estimates and potential time buffers
Establishing change processes
Determining how and how often to communicate with team members and stakeholders
Creating and signing documents such as non-disclosure agreements (NDAs) or requests for proposal (RFPs)
Assessing and managing risk by creating a risk register
Holding a kick-off meeting to start project
Tools you might use in a this phase include:
Gantt chart: A horizontal bar chart in which members can see what tasks must be completed in what order, and how long each is expected to take
Risk register: A chart that lists risks associated with the project, along with their probability, potential impact, risk level, and mitigation plans
Read more: What Is Change Management? + How to Use It Effectively
3. Execute and complete tasks
Executing a project means putting your plan into action and keeping the team on track. Generally this means tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions.
Specific steps might include:
Using tools like GANTT or burndown charts to track progress on tasks
Responding to risks when they manifest
Recording costs
Keeping team members motivated and on task
Keeping stakeholders informed of progress
Incorporating changes via change requests
Some tools you might use include:
Change requests: These are documents used to propose changes to a project’s scope or goals
Burndown chart: This chart breaks down tasks on a granular level and visualizes the amount of time remaining
4. Close projects
In the closing phase of the project management lifecycle, you’ll conclude project activities, turn the finished product or service over to its new owners, and assess the things that went well and didn’t go so well. It’ll also be a time to celebrate your hard work.
Steps in the closing phase can include:
Conducting retrospectives and take notes of changes you can implement in the future
Communicating to stakeholders of the end of the project and providing an impact report
Communicating with the new owners of a project
Creating a project closeout report
Celebrating the end of the project and your successes
Tools used in the closing phase include:
Impact report: This report compiles a series of metrics that showcase how your project made a difference and is presented to your stakeholders.
Project closeout report: A project closeout report provides a summary of your project’s accomplishments, and provides key learnings for future project managers to reference.
The following video provides an overview of the project management lifecycle. This is a preview of the Google Project Management Professional Certification.
How to explore the project management lifecycle
Exploring the project management lifecycle more extensively can be a great way to familiarize yourself with this process, discover how it works in real-life situations, and build a foundation for using the lifecycle in the future. Here are three ways you can learn more:
Read project management books.
Reading books is a low-cost way to gain insight into the project management lifecycle and project management in general in your spare time.
Read more: 12 Project Management Books for Beginners
Take online courses or watch tutorials.
Online courses and tutorials offer a visual way to grasp key project management concepts, including the four lifecycle phases.
Network with project managers.
Engaging in discussions with other project managers allows you to gain first-hand accounts of how the project lifecycle works. By building relationships and creating community with other project managers, you can ask questions, get practical tips, and potentially observe projects in action.
Not ready to take classes or jump into a project yet? Consider subscribing to our weekly newsletter, Career Chat. It's a low-commitment way to stay current with industry trends and skills you can use to guide your career path.
Sharpen your project management skills with Coursera
Mastering all steps of the project management lifecycle is an ongoing process that will continue throughout your career. Learning the formal aspects—the tools, steps, and vocabulary used in the process—can set you up for success in your beginning days as a project manager.
If you’re interested in deepening your knowledge of project management, consider the Google Project Management: Professional Certificate to learn job-ready project management skills at your own pace.
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