A project is an activity, limited in time and means, to create something. It is distinguished by its one-off character of a program or process. A project is usually carried out in collaboration with different people and organizations. The project is usually recorded in a project plan and arranged by project management.
The term project can be defined in different ways:
In general, a project is divided into a preliminary research, a start-up, a realization and a final phase. After the project has been completed, the evaluation phase is also carried out.
Prince 2 has at least 2 project phases: an initiation phase and one or more implementation phases. Which process phases are used depends on the Industry, the type and the size of the project. Often standardized process steps are used. This is discussed in detail in PRINCE2, a project management method for a project in a controlled project environment. Below is a summary of a possible number of project phases. This summary is purely illustrative.
When all this is ready and approved, the next phase can be started.