Following project initiation, planning and scheduling, project execution is the last phase of a projects life cycle. True False
The correct answer and explanation is :
Answer: False
The project execution phase is not the last phase of a project’s life cycle. Instead, the last phase is the project closure phase. The project life cycle typically consists of the following four phases:
- Initiation – The project is conceptualized, feasibility is assessed, and necessary approvals are obtained.
- Planning & Scheduling – Detailed plans, schedules, budgets, risk assessments, and resource allocations are established.
- Execution – The actual work is carried out according to the project plan. Resources are utilized, deliverables are created, and project performance is monitored.
- Closure – The project is formally completed, deliverables are handed over, final reports are created, and lessons learned are documented.
Why Project Execution is Not the Final Phase
While execution is the phase where most of the work happens, a project is not truly complete until it goes through project closure. Closure ensures that all objectives have been met, stakeholders are satisfied, and the project is formally concluded. It also includes evaluating project performance, closing contracts, releasing resources, and archiving documents for future reference.
Failing to complete the closure phase properly can lead to issues such as incomplete deliverables, unresolved risks, or confusion about responsibilities. Thus, execution is crucial, but it is not the final step in a project’s life cycle.
Conclusion
The correct answer is False because project closure is the last phase, not execution. Proper closure ensures accountability, knowledge transfer, and a smooth transition for stakeholders, making it a critical step in project management.