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The project management method begins with project inception and closes when its product is delivered. When a project is over, the project manager moves onto something new. The SDLC provides a framework that describes the activities performed during each phase of a systems development project.
Project Life Cycle: The series of phases that a project passes through from its start to its completion. Project Phase: A collection of logically related project activities that culminates in the completion of one or more deliverables.
There are typically five project life cycle phases: initiation, planning, execution, monitoring and controlling, and closure. Initiation is where you define the goals, scope, budget, and timeline. Planning follows, focusing on creating a detailed action plan. Execution then carries out the plans to deliver the product.
The general difference is that project management is used to define, plan, control, monitor and close the project. The work associated with actually building the project deliverables is accomplished through work that is referred to as the lifecycle.
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