Part A: Key Phases Involved in the Implementation of Major Projects The aim of all projects is to achieve specific targets and objectives as best as possible. As has been recognised, projects are dynamic and hide many risks and a more manageable way to deliver them was needed. The project life cycle is the set of these phases that go from the beginning of a project to its closure (PMBOK, 2013, p.38). Each of the phases has a specific time and also has a beginning and an end. The standard project usually has four different phases: initiation, planning, implementation and closure. Project phases are named after the deliverables of each phase and can be managed as mini projects (Burke, 1999). Phase one: InitiationIn 1954, Eugene Goossens' desire to have a relevant venue for the organization of large musical and theatrical productions was born. The appropriate answer to this question could be the solutions to this need. Once the business case/need has been identified, the potential costs for implementing the project could be presented. After this step, a feasibility study w...