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.