The Project Management Life Cycle is comprised of 13 models which include: Waterfall Model, Spiral Model, Evolutionary Prototyping Model, Evolutionary Delivery Model, Throwaway Prototyping Model, Staged Delivery Model, Design to Tools Model, Design to Schedule Model, Code and Fix Model, Incremental/Iterative Development, Reusable Software Model, Automated Software Synthesis and Off-the-Shelf Model. All of these models are fundamental to the success of every project. In the last 30 years, the life cycle has evolved from simple basic models to more complex and detailed models that have been designed to cater to specific needs of projects. Importance of the Project Management Life…