What Are The Five Process Groups Derived From The PMBOK Guide?

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Every organization has some specific needs depending on their project goals and also they have their own way of doing things. So, the organization should create their own methodologies considering the organization and project goals. The PMBOK® Guide has some standard practices which are followed by project managers. It provides five process groups. They are Initiating, Planning, Executing, Monitoring and controlling, Closing (Schwalbe, 2014). Let us look at these five process groups briefly. The five process groups derived from the PMBOK® Guide are: 1. Initiating (Schwalbe, 2014): Initiating a project includes the importance of the project that is defining a project. This should be done at every stage of the project by making a review that …show more content…

Planning (Schwalbe, 2014): Planning comprises the activities which will be used to implement the plans on executing a project such as scope, schedule, budget and procurement management plans. Project plans should be revised by project teams if any changes are required in the project. This phase is very critical in the project management because when a new scheme is applied substantial struggles are needed to change the plan. 3. Executing (Schwalbe, 2014): Executing a project is to complete the project by using the resources effectively and by following the plans determined in the planning stage. This stage contributes the actual work of the project. This stage includes the quality testing, developing the activities included and provides the results. 4. Monitoring and controlling (Schwalbe, 2014): This stage embraces that to make sure that the team meets the project goals. The necessary actions should be taken while monitoring the activities. The very common process is reporting the performance. This helps in keeping the project on track by making changes. So, the project manager should monitor their team members. 5. Closing (Schwalbe, 2014): This phase is that accepting that the project has been completed by implementing all the resources efficiently. This also includes payment and closing contracts and delivery of the project. The final document is made to review the project

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