Elaborate the 5 phases in project management. paper should be brief and straight to the point.
Organizations big and small have a lot of constituting elements that are structurally different and specialized to perform a given task. These elements constituting the organization whole perform each assigned task for the realization of the objectives and goals of any organizations. As such, there is so much to coordinate among these elements to execute success or growth. It is for this reason projects are broken down into more manageable elements, also known as project phases. This paper will therefore focus on the five phases that are involved in project management that is initiating, planning, executing, controlling and closing. Throughout this paper comprehensive explanation will be given in each case.