PMP

PMP

Process Groups:

Traditionally project management involves many elements such as five project management process groups and a control system. Irrespective of the procedure or expressions used, the same basic project management processes or stages of development will be used. Major process groups generally include:

1. Initiation:

The initiating methods regulate the nature and scope of the project. The key project controls required here are a knowledge of the business environment and making sure that all essential controls are combined into the project. Any lacks should be stated and a reference should be made to fix them.

The initiating stage should include a plan that includes the following areas:

• Investigating the business needs in measurable objectives
• Studying the current situation
• Financial analysis of the costs
• Stakeholder investigation, with users, and support employees for the project
• Project charter with costs, tasks, deliverables, and agendas
• SWOT analysis powers, weaknesses, chances, and threats to the business

2. Planning:

After the initiation phase, the project is planned to a suitable level of detail. The main objective is to plan time, cost and resources sufficiently to evaluate the work needed and to effectively manage risk during project implementation. It includes:

• Defining how to plan
• Evolving theScope Management
• Choosing the planning team
• Classifying deliverables and creating the work breakdown structure (WBS)
• Classifying the actions needed to complete those deliverables and networking the actions in their logical sequence
• Estimating the resource requests for the actions
• Approximating time and cost for actions
• Developing the schedule and budget
• Risk planning
• Developing quality assurance events
• Gaining formal approval to begin work            

3. Production or execution:

While implementing, we must know what are the terms we are planned in planning it might be executed interaction. The implementation part guarantees that the project management plan's deliverables are implemented accordingly. This phase includes proper distribution, coordination and organisation of human resources and any other resources such as material and finances. 

4. Monitoring and controlling:

Monitoring and controlling include those processes completed to detect project implementation so that potential problems can be recognised in a timely manner and corrective action can be taken, when necessary, to control the implementation of the project. 

Monitoring and controlling includes:

• Monitoring the ongoing project actions.
• Measuring the project variables alongside the project management plan and the project performance baseline.

5. Closing:

Closing involves the formal receipt of the project and the ending thereof. Administrative actions include the archiving of the files and recording lessons learned.