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Understanding the Lifecycle of Project Management

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  Project management is essential for every job you take as it syncs workflows to maximize productivity. It also enables project managers do a thorough quality control and reduce costs. It sets realistic goals and objectives, as well as aligns strategies. With the help of project management software like oracle primavera cloud , you can calculate risks, minimize uncertainty, and consider all possible progress scenarios.   Project management comes with a lifecycle. It provides your project with structure and tools to make sure you have the best chance of being successful. As a project manager, here are some steps you will want to know well:   Initiation This is the phase that involves defining the project. Here, you will organize scope, resources, and goals of the project. You will determine the roles necessary on the team and what stakeholders expect from the project. What is the project aiming to achieve and would it give the team a clear direction?   This is a critical