The ability of managing projects successfully greatly depends upon the right understanding of the phases and activities that create the project life-cycle. Because any kind of project is “a temporary endeavour undertaken to create a unique product or service” (PMI 2000), it is planned, managed and delivered under a definite life-cycle, or the process of by which the process is implemented. The life-cycle characterizes the constraint of time and defines how soon the project product/service will be produced and delivered. Let’s learn more about the point in this project life-cycle template. We’re going to talk about the definition of project life-cycle and provide an overview of the key phases and activities a conventional project steps through. Please feel free to leave your comments and other feedback.