The project life cycle phases (Initiate, Plan, Execute, Control, Close Iteration, Close Project) have the same meaning as the five major project management process groups.

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The five major project management process groups are Initiating, Planning, Executing, Monitoring and Controlling, and Closing. "Control, Close Iteration, Close Project" are not standard phases within these groups.

The Project Life Cycle Phases (Initiate, Plan, Execute, Control, Close