The project lifecycle consists of three stages: create, build and operate. Create entails defining a project and seeking financing. Build consists of the fund disbursement and actual building of the project. Operate not only signals the sustainment of the project asset, but also in financial terms, refinance and debt repayment phase over the remaining lifecycle of the project.

Each stage holds its own unique set of strategic and operational requirements. The project lifecycle is often very extensive and inefficient, creating an environment of complexity and challenges, not only within each stage, but also between them. These inefficiencies fuel a history of waste, litigation, and fragmentation, which are complicated by dysfunctional project and financing events.