Project Life Cycles Cont.
15
Concept refers to the development of the initial goal and
technical specification for a project and scope of work is
determined.
Development is the stage which all detailed
specifications and other plans are developed. Individual
tasks are broken down.
During Execution, the actual work of the project is
performed. Project costs ramp up rapidly during this stage
Transfer occurs when the completed project is transferred
to the customer. All of the responsibility are transferred.