Project Management & Process Groups
Project Management Process Groups: The project life cycle describes the stages that project managers must take to properly manage a project from start to conclusion. The project life cycle is divided into five phases, which are sometimes known as the five process groups: 1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing Each of these project stages reflects a collection of interconnected processes that must occur. Initiating Phase: Initiating aims to form the idea of what is to be done. This is the stage at which the project is formally authorized by the sponsor, the first scope is determined, and stakeholders are identified. Stakeholder identification is critical in this case since the accurate identification and ...