reply to There needs to be a set project life cycle, by which the seven stages are covered (Abraham, 2014). The stages are: Identify, Prepare, Appraise, Implement, Monitor, Evaluate, and Wind up. If one of these stages is not met, then the cycle stalls. In addition, steps cannot be skipped, or the cycle cannot continue to circle to the end. A planner must decipher what the project will need and ensure that the scope is set clearly and concisely. Poor project planning can cost time, money, and loss of business that can cause stakeholders to lose interest and pull funds that can cause a business to collapse very quickly