What are the phases included in the IT project lifecycle?

The phases included in the IT project lifecycle are well-defined and help in structuring the management and execution of projects. The correct option encompasses five critical phases: initiation, planning, execution, monitoring, and closure.

Initiation marks the beginning of the project, where the overall goals and feasibility are assessed. This phase establishes the project's scope and identifies stakeholders.

Planning involves detailing the project activities, resources, timelines, and setting a budget. This stage is essential for laying out a roadmap that guides the project through its execution.

Execution is the phase where the actual work happens. Team members carry out the tasks defined in the planning stage, and this is where the project deliverables start to take shape.

Monitoring involves tracking the project's progress and performance against the plan. This phase is critical for ensuring that the project stays on track and within scope, and it allows for adjustments as necessary to address any issues that may arise.

Closure is the final phase, where the project is completed, deliverables are handed over, performance is evaluated, and documentation is finalized. This phase ensures that the project's outcomes meet the initial goals, and it often includes learnings for future projects.

Understanding these phases is essential for effectively managing IT projects and ensuring successful outcomes. Each phase builds