Performing, or doing, the project-implementing the proposed solution-is the third phase of the project life cycle shown in Figure 4.1. This phase starts after a contract or agreement is drawn up between the customer and the contractor or project team, and it ends when the project objective is accomplished and the customer is satisfied that the work has been completed in a quality manner, within budget, and on time. The fourth and final phase of the project life cycle involves terminating the project. This chapter discusses these final two phases of the project life cycle. You will become familiar with
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