The complete process that was employed to create its deliverables is known as the life cycle.

Life cycles
can be divided into a number of phases, which are described here. In project management, a number of
different life cycle models are employed.

Work in a matrix organization means that employees are responsible to more than one boss, with
various lines of reporting representing distinct organizational projects or functions. Employee
engagement and cross-field approaches to issue resolution can be boosted by using a matrix structure,
but it can also lead to confusion about what each employee's function is.

Milestone - Milestones are precise progress points or events that occur during the course of a project's
timetable. They indicate the amount of progress that has been made toward completing projects
successfully.

Defining an objective is a brief and unambiguous description of what an activity is intended to

accomplish. Objectives are defined in the SMART format, which stands for specific, measurable,
achievable, realistic, and time-limited. A successful project accomplishes all of its specified objectives in
a timely manner.

In project management, an opportunity is a possibility that has the potential to contribute to the
achievement of project objectives. When it comes to project management, opportunities are
categorised as a sort of risk.