Step 1: Meaning of project life cycle.
A project life cycle is the sequence of phases that a project goes through from its initiation to completion.
Step 2: Major stages.
- Pre-investment stage: Involves feasibility studies and planning.
- Constructive stage: The implementation and execution phase.
- Stabilisation stage: When the project starts giving stable results.
Step 3: Why normalisation stage is not included.
There is no formal stage called “normalisation” in project life cycle terminology.
Hence, it is not a part of the project life cycle.
Step 4: Conclusion.
The project life cycle does not include a normalisation stage.