A construction project evolves through a structured lifecycle, typically divided into five core phases. Understanding these phases helps managers apply the right methods at the right time.

1. Initiation/Feasibility Phase

• Identifying the project need or opportunity
• Conducting feasibility, risk, and financial studies
• Approving the project charter and initial scope

2. Planning/Design Phase

• Defining scope, deliverables, and milestones
• Preparing budgets, schedules, and resource plans
• Developing conceptual, preliminary, and detailed designs

3. Execution / Construction Phase

• Procuring resources, materials, and contractors
• Performing construction and site management
• Monitoring safety, quality, and progress

4. Monitoring and Control Phase

• Measuring performance using cost and schedule metrics
• Managing change orders and scope adjustments
• Ensuring compliance and stakeholder satisfaction

5. Closure/Handover Phase

• Conducting inspections, commissioning, and documentation
• Handing over as-built drawings and warranties
• Post-project review and lessons learned

Key Insight:

Over 70% of a project’s success is determined during the initiation and planning phases, not during construction.