Explain the project lifecycle and outline some typical challenges a project manager might face in each phase.

1. Describe the key 5 stages of the project lifecycle, specifically:

• Initiation,
• Build-up and Planning,
• Identifying and Managing risks,
• Delivery and Monitoring and
• Close and Evaluate
  • You are welcome to use different project lifecycle models if you prefer, other models may refer to a different number of phases, with alternative naming conventions.

2. Describe some specific challenges for each phase and some ways that project managers can mitigate against those.

3. Where possible, make reference to these phases and challenges within the context of a project you yourself have run or worked on.