What are the 5 process groups of project management?

There are 5 phases to the project life cycle (also called the 5 process groups)—initiating, planning, executing, monitoring/controlling, and closing. Each of these project phases represents a group of interrelated processes that must take place.

What are the 5 knowledge areas of project management?

What are the project management knowledge areas?

  • Project integration management. …
  • Project scope management. …
  • Project time management. …
  • Project cost management. …
  • Project quality management. …
  • Project resource management. …
  • Project communications management. …
  • Project risk management.

What are the 5 project life cycle phases?

Project management is mapped into process groups and knowledge areas by the Project Management Institute. The five key process groups are initiating, planning, executing, monitoring and controlling and closing.

What are the 7 functions of management?

Luther Gulick, Fayol’s successor, further defined 7 functions of management or POSDCORB—planning, organizing, staffing, directing, coordinating, reporting and budgeting.

What is the PMI talent triangle?

Typically, there’s no single skill or trait that will propel you up the career ladder. It’s a combination of skills. That’s what the PMI Talent Triangle® highlights — the combination of skills that employers value most, namely, technical, leadership, and strategic and business management.

What is a project life cycle?

A project management life cycle is a framework comprising a set of distinct high-level stages required to transform an idea of concept into reality in an orderly and efficient manner.

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What are the 4 phases of a project?

Planning, build-up, implementation, and closeout.

How do you plan a project?

Project Management Basics: 6 Steps to a Foolproof Project Plan

  1. Step 1: Identify & Meet with Stakeholders. …
  2. Step 2: Set & Prioritize Goals. …
  3. Step 3: Define Deliverables. …
  4. Step 4: Create the Project Schedule. …
  5. Step 5: Identify Issues and Complete a Risk Assessment. …
  6. Step 6: Present the Project Plan to Stakeholders.