There Will be 5 Phases in any Project. They are as Mentioned Below:
1. Initiation
2. Planning
3. Execution
4. Monitoring and Controlling
5. Closing
After the Phase-1 a Review Should be done to improve the accuracy of estimation of scope,time,cost and Risk about +/- 50% to +/- 10% for management approval before proceeding to Planning Stage
After the Phase-2 a Review Should be done where stakeholders will present the feedback on plan. and after adjustments, plan should be updated to maintain the accuracy in estimation to +/- 10%.
If you liked this tutorial, share it with your friends. And also you can follow us on Youtube, Twitter and Facebook. We would love to hear from you, Please do comment, suggest or compliment our work and we shall make it better for you.
You can write us at dptutorials15@gmail.com