Explain the stages in the project management life-cycle

Instruction:
Please be sure to write a page answering the scenarios, validate your opinions and ideas with intext citations and references in APA format. 

Propose a new project for the organization you work for.

1. Explain the stages in the project management life-cycle.

2. Analyze the importance of effective planning and control measures in each stage of the project management life cycle. 

 Fairness within an organization, especially as it relates to compensation, is seen as critical by many HR professionals. Understanding the levels of equity and also the reasons for any inequity is important when creating compensation plans and interfacing with employees.

• What factors influence internal equity in your company? With which historical theories do those factors most align?
• Which contemporary labor market theories most apply to the factors that influence internal equity within your organization?