Project management is a complex undertaking, with many stages and processes. It should follow the full business lifecycle, from definition and justification of the project, through to delivering demonstrable benefits for the business. Elaborate on FIVE (5) phases of project management. Provide a relevant example for each phase to fortify your answer. The competitive priorities operationalize the organization's competitive strategy. The operations strategy focuses on specific capabilities of the operation that give the company a competitive edge. These capabilities are called competitive priorities. By excelling in one of these capabilities, a company can become a winner in its market. Examine FOUR (4) categories of competitive priorities that are commonly used by organizations. Provide relevant examples to fortify your answer.