IT Projecl managsment Phases of the project life cycle Concept Phase Managers usually briefly describe the project Develop a very high-level or summary plan for the project, which describes the need for the project and basic underlying concepts a a preliminary or very rough cost estimate is evelope d An overview of the work involved is created Work breakdown structure-WBS Context and processesContext and Processes 11 Phases of the Project Life Cycle ◼ Concept Phase ◼ Managers usually briefly describe the project ◼ Develop a very high-level or summary plan for the project, which describes the need for the project and basic underlying concepts. ◼ A preliminary or very rough cost estimate is developed ◼ An overview of the work involved is created ◼ Work Breakdown Structure – WBS IT Project Management