In the project life cycle, which phase focuses on defining the project and its feasibility?

Prepare for the CIMA Managing Performance (E2) Exam. Practice with flashcards and multiple-choice questions, each with explanations. Get ready for your exam!

Multiple Choice

In the project life cycle, which phase focuses on defining the project and its feasibility?

Explanation:
The focus here is on defining what the project is and whether it’s viable to proceed. In the initiation phase you establish the project’s purpose, scope at a high level, and desired outcomes, and you assess feasibility by examining the business case, benefits, costs, risks, and alignment with strategic objectives. This stage often leads to a go/no-go decision on whether to invest further, based on whether the project’s benefits justify the resources and risks. Once viability is confirmed, you move into planning, where the plan becomes more detailed; execution then implements the plan; and closure wraps up the project and captures lessons learned.

The focus here is on defining what the project is and whether it’s viable to proceed. In the initiation phase you establish the project’s purpose, scope at a high level, and desired outcomes, and you assess feasibility by examining the business case, benefits, costs, risks, and alignment with strategic objectives. This stage often leads to a go/no-go decision on whether to invest further, based on whether the project’s benefits justify the resources and risks.

Once viability is confirmed, you move into planning, where the plan becomes more detailed; execution then implements the plan; and closure wraps up the project and captures lessons learned.

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