having a basic understanding of the project life cycle and the 5 phases of project management—initiating, planning, executing, monitoring and controlling, and closing—will help project managers achieve consistent and repeatable project success. there are 5 phases to the project life cycle (also called the 5 process groups)—initiating, planning, executing, monitoring/controlling, and closing. the initiating phase of the project life cycle consists of just two separate processes: the project charter and stakeholder register. the point of this phase is to determine the vision for your project, document what you hope to accomplish, and secure approvals from a sanctioning stakeholder. the planning phase process group is where you build the project infrastructure that will enable you to achieve your goal within your predetermined time and budget constraints, starting with a project management plan, project scope, work breakdown structure and more—and wrapping up with qualitative and quantitative risk analyses and risk responses.
the executing phase is where the rubber hits the road—where most of the budget is allocated and most of the project deliverables are produced. you take your project plan and put it into action, whether that takes weeks, months, or even years. the monitoring and controlling phase involves keeping an eye on the actual progress of the project against your plan and taking corrective action where necessary. the closing phase is the final phase of the project life cycle includes just one solitary process, and it’s more than simply checking off the project as done. it’s essential to formally close the project and secure a sign-off or approval from the customer, stakeholders, and/or project sponsor. below is a chart of the complete project life cycle, including the 5 process groups of project management and the steps required in each phase across all knowledge areas.
in project management generally – and the a guide to the project management body of knowledge (pmbok® guide) specifically – best practices dictate a very specific series of process groups that should be performed. it should also be noted that management chooses and authorizes the project manager here. a significant concept in planning is that the team is able to think the whole project through in advance. so they not only create a variety of plans but also consider all the things that might go wrong (risks) and how they might respond to them.
it is in this area of executing that most of the budget will be spent and the deliverables of the project will be produced. the monitoring and controlling process group is where the project manager assesses the overall performance of the project and makes necessary changes to keep it on track or to get back on track. one way to think about monitoring and controlling is to imagine that you were driving across the country according to your plan or a roadmap. would you like to learn more about the process groups and best practices of project management? 1. project management institute, a guide to the project management body of knowledge (pmbok® guide) – sixth edition, project management institute inc., 2017, page 23^
there are 5 phases to the project life cycle (also called the 5 process groups)—initiating, planning, executing, monitoring/controlling, and closing. each of the five traditional process groups explained initiating planning executing monitoring and controlling closing pmp certification agile and scrum. the five process groups described in the project management body of knowledge are initiating, planning, executing, monitoring and controlling,, project management process groups pdf, project management process groups pdf, process group in project management, project management process groups and knowledge areas, 5 phases of project management ppt.
the pmbokxae guide organizes the project management processes in five groups: initiating processes, planning processes, executing processes, controlling processes and closing processes. what are the 5 pmbok project management process groups? initiating phase planning phase executing phase monitoring and controlling phase. the 5 project management process groups 1. initiating 2. planning 3. executing 4. monitoring and controlling 5. closing. generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing., pmp process groups 2021, project life cycle, planning process group, initiating process group, project life cycle pdf, monitoring and controlling process group, pmi processes, process groups in project management are always sequential and never overlap., five of the processes in project risk management are from which process group, executing process group.
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