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A collection of logically related project activities*, usually culminating in the completion of a major Deliverable. Project phases (also called phases) are mainly completed sequentially, but can overlap in some project situations. Phases can be subdivided into subphases and then components; this hierarchy, if the project or portions of the project are divided into phases, is contained in the work breakdown structure. A project phase is a component of a project life cycle. A project phase is not a project management process group*.
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PMBOK® Glossary Terms and Definitions (3rd Edition)
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