IT Projectmanagement Phases of the Project life cycle Implementation phase The project team delivers the required work Creates a definitive or very accurate cost estimate Provides performance reports to stakeholders The bulk of a project teams efforts and the most money are usually spent during the implementation phase of projects Context and processes 13Context and Processes 13 Phases of the Project Life Cycle ◼ Implementation Phase ◼ The project team delivers the required work ◼ Creates a definitive or very accurate cost estimate ◼ Provides performance reports to stakeholders ◼ The bulk of a project team’s efforts and the most money are usually spent during the implementation phase of projects. IT Project Management