When developing a project, several phases are usually distinguished to provide better managerial control. All phases make up the life cycle of the project. There are many different theoretical and practical versions of project cycle structuring. An analysis of the literature shows that a universal approach to dividing the process of project implementation into phases does not exist. The time interval between the moment of the appearance of the project and the moment of its liquidation is usually called the project cycle or the life cycle of the project. For each project, regardless of the underlying concept is characteristic project life cycle 5 phases
The appearance can be defined both as the moment of the conception and as the date of approval of the developed business plan of the project and as the beginning of financing for project work. The end of the project may be the commissioning of the project objects, the signing of the act of delivery - acceptance or decommissioning of the objects, achievement of the planned project indicators or the moment of termination of project financing. In addition, by the time the project ends, the introduction of significant changes to significantly change the structure of the content and basic parameters of the project. I hope my information will be useful to you.