What do project life cycles typically outline?

Project life cycles typically outline the phases of project management, detailing the systematic progression through which a project is planned, executed, and closed. Each phase represents a distinct stage in the project management process, usually including initiation, planning, execution, monitoring and control, and closure. This structured sequence helps to ensure that all aspects of the project are organized and accounted for, promoting efficiency and effectiveness throughout its duration.

While the financial aspects, personnel, and technology are important elements in a project, they belong to the broader context of project management rather than being central to the overall framework defined by the project life cycle itself. The phases outlined in the project life cycle provide a comprehensive guide for managing the project from start to finish, ensuring that objectives are met while adhering to timelines and budgets.