Zephyr Professional Practice Test 2025 - Free Practice Questions and Study Guide

The phases of the project life cycle are crucial as they provide a structured framework for managing projects effectively from inception to completion. The correct answer includes the phases of Initiation, Planning, Execution, Monitoring, and Closure.

In the Initiation phase, the project's feasibility and value are assessed, leading to the formation of a project charter. This foundational step defines the project scope and purpose, ensuring that stakeholders agree on the project's objectives.

During the Planning phase, detailed project plans are developed, including timelines, resources, budgets, and risk management strategies. This phase is integral because it sets the direction for the project and involves stakeholder engagement to formalize expectations.

Execution is where the actual work of the project is carried out based on the project plan. This phase requires effective team management, resource allocation, and communication to ensure that project deliverables align with the planned objectives.

Monitoring involves tracking the progress of the project against the project plan to ensure it stays on course. This includes assessing performance metrics and making necessary adjustments to address any issues or changes in circumstances.

Finally, the Closure phase signifies the completion of the project. It involves finalizing all activities, obtaining stakeholder approval, closing contracts, and reflecting on what went well and what could be improved for future projects.