Question 1: Types of Project Life cycles
A project is well stated when the scope, time and cost are clearly defined. In other words, for an activity to qualify as a project it must have a definite scope, timeline and the cost likely to be incurred. The project life cycle denotes the various stages of the project. Projects must go through four main phases, initiation, planning, execution and termination (Rowley, 2013). This is what is called the project life lifecycle. Various types of project life cycle exist. The most common ones are predictive, iterative, incremental and adaptive life cycles. The differences in the types of project ...