What are the 5 phases of the project life cycle?

The 5 phases of the project life cycle typically include the initiation phase, where the project is defined and its feasibility assessed; the planning phase, where the project plan is developed including scope, timeline, and resources; the execution phase, where project activities are carried out and deliverables are created; the monitoring and controlling phase, where project performance is tracked and any necessary adjustments are made; and the closing phase, which involves finalising all project activities, formally completing the project and disbanding the project team.