Project management is often distilled down to the basics known as the project life cycle, divided into distinct phases, each with its unique aspects. This understanding of project management life cycle phases helps to structure the journey from the project's inception to its successful completion. The life cycle typically comprises five phases of project management.   It starts with initiation, where the project's feasibility is assessed, and the project is approved. The planning phase is where the project's journey is charted out, with resources, schedules, and plans defined by the project objectives. Execution is where the project comes to life, with tasks being carried out as per the plan. Monitoring and controlling is an ongoing phase, tracking project progress, and ensuring changes are effectively managed. The final phase, closure, marks the project's successful completion, with a formal review and archiving of project materials. Thus, understanding the stages of project management and the role each phase plays is fundamental to successful project management.