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Overview

A project is an unique group activity with a definite beginning and end designed to achieve a specific goal. As a rule, during its life each project goes through five main stages:

Initiating

Defining the main goal and objectives of the project.

Planning

Developing a plan to execute the project: setting milestones, creating a project team, assigning tasks.

Executing

Completing the work according the developed plan.

Monitoring

Tracking and analyzing the project execution activities in order to define potential issues and make necessary corrections.

Closing

Accepting the result of the project execution and completing the project.