The second phase of the project lifecycle is the Planning Phase, involving stakeholder collaboration, iterative adjustments, and various project management methodologies like Waterfall and Agile.
The second phase of the project lifecycle is the Planning Phase. This phase involves defining project scope, gathering information, identifying risks, developing a management plan, and estimating timelines and costs.
During the Planning Phase, stakeholders collaborate for comprehensive feedback, and changes may impact previous decisions, requiring iterative adjustments in a process known as 'rolling wave planning'.
Project management processes can be categorized into sequential (Waterfall model) or iterative (Agile, Scrum, Kanban), emphasizing the importance of structured planning and execution.
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