The Project Life Cycle refers to the series of phases that a project goes through from initiation to completion. It typically includes four main stages: Initiation, Planning, Execution, and Closure. Each stage has specific tasks and deliverables that help ensure the project is completed successfully and meets its objectives. During the Initiation phase, the project's feasibility is assessed, and goals are defined. In the Planning phase, detailed plans are created, including timelines and resource allocation. The Execution phase involves implementing the plans, while the Closure phase focuses on finalizing all activities, delivering the project results, and evaluating its success.