1 List the Five 5 Process Groups in the Project Management S

1. List the Five (5) Process Groups in the Project Management Standard. 2. What might be some of the activities/endeavors of the Initiating Process Group? 3. What might be good ways to keep a project on task, on schedule and within budget? 4. What might be some weaknesses of the Planning Process Group? Give me your opinion of the two most important activities/endeavors of the Executing Process Group. 5. 6. Ofthe \"outputs\" in the processes of the Monitoring and Controlling Process Group, explain which one you think might have the greatest negative impact on the projectf not conducted well. 7. When is a project finished?

Solution

1-   (a)-Initiating process group.
(b)-Planning process group.
(c)-Executing process group.
(d)-Monitoring process group.
(e)-Closing process group.

2- The initiating process group involves the processes, activities, and skills needed to effectively define the beginning of a project. Setting all permits, authorizations, and initial work orders in place to secure an effective and logical progression of initial project activities sets the stage for subsequent success throughout all project phases.Setting clear phases for work to be completed, initializing teams, and having the budget in place before work begins are vital for a strong start to any project .

3- (a)-Set your budget up correctly from the start.
(b)-Get good estimates.
(c)-Get good estimates.
(d)-Identify Risks.
(e)-Monitor and manage your budget throughout the project.
(f)-Weekly status reporting to insure you’re on budget.

4- weakness of Planning process group are

a-Selecting the improper team.
b- Unidentifying deliverables
c- fail in planning for risk
d- fail in establishing a communication plan

5- (a)-The executing process group involves managing teams effectively while orchestrating timeline expectations and reaching benchmark goals. Project managers utilizing this set of skills will demonstrate a high degree of organization and communication skills while addressing team concerns or other complex situations associated with getting the work done on time and within budget.

(b)-Executing consists of the processes used to complete the work defined in the project management plan. It\'s about accomplishing the project\'s objectives. The executing process involves co-ordinating people and resources, as well as integrating and performing the project activities. The deliverables are produced as outputs from the processes performed, as defined in the project management plan.

6- \"Identifying corrective actions to address risks and issues\"

This thing should be conducted well otherwise project will delay and budget issuses will rising.

7- Closing a project means finishing all activities across all process groups, disbanding the project team and signing off the project with the customer.This task is done using the project closure report. The report communicates how well the project has performed against its original business case, quality measures, cost, duration and tolerances.