Which stage marks the beginning of the project?, Initiation, Planning, Deciding on the project, Closing out the previous project, What are the advantages of the monitoring and controlling stage?, The monitoring and controlling stage happens along with the execution phase and is used to check the project performance, It is required to close out the project and hence happens before the closure phase, The monitoring and controlling stage can be skipped in some instances, The monitoring and controlling stage is the same as execution stage., Ideally, what are the number of stages in the project lifecycle?, It depends on the complexity of the project., Always all projects need to have 5 stages, Lean Start Up has mostly just 3 stages, The monitoring and Controlling phase can be skipped.

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