Final answer:
A project is a temporary endeavor undertaken to achieve specific goals. The Project Management Life Cycle is a framework that describes the phases of a project.
Step-by-step explanation:
What is a project?
A project is a temporary endeavor undertaken to create a unique product, service, or result. It has a defined beginning and end, and is usually carried out to achieve specific goals and objectives. Projects are often used in various industries and sectors, such as construction, technology, and marketing.
What is the Project Management Life Cycle?
The Project Management Life Cycle is a framework that describes the various phases a project goes through from initiation to closure. It provides a systematic approach for managing projects effectively. The life cycle typically includes five phases: initiation, planning, execution, monitoring and controlling, and closure. Each phase has its own set of activities and deliverables, and they all contribute to the success of the project.