Project initiation: The project objective is identified. A feasibility study is conducted to evaluate the project’s goals and timeline against the cost. Should this be successful, a project plan is made.Project Planning: The project tasks are identified, and resource allocation occurs. The critical path method highlights crucial tasks for project completion. As the IT industry is subject to rapid changes in technology, an agile project management method is needed. This allows for changes in the plan should new technology be developed or priorities change.Project Execution: The project plan is executed, and the IT project manager guides the team to deliver the service for the customer.Project Monitoring and Control: This is an ongoing process throughout the project lifecycle. The IT project manager conducts risk management and ensures the project stays within budget and is meeting deadlines. Key performance indicators are monitored to ensure the hardware or software integrates into the existing systems.Project Closure: Successful project delivery is achieved once the final deliverable has been completed and approved. Ownership is transferred from the project team to the clients.