^ [[Appendix G - Glossary - PM2]] # Project Lifecycle The Project Lifecycle is the time between the start and the close of the project and includes the Initiating, Planning, Executing and Closing phases. The project lifecycle starts with the Project Initiation Request and ends once the Closing Phase activities are completed and the Project Owner (PO) performs the final acceptance. The formal project closure terminates the project mode and allows the operations mode (if any) to start. Spanish Guide: [[Ciclo de Vida del Proyecto]]