In which of the 5 project management project groups is the most time and money usually spent?

In which of the five project management phases is the most amount of time and money usually spent?

The most time should be spent on executing, followed by planning. 3.

In which of the following project management process groups is the most time and money usually spent?

Executing. The executing group is where most of the action happens on a project. It is also where most of the budget is spent and where the actual project deliverables are produced. The executing process group includes ten project management processes.

Which project management process group normally takes the most project time and resources?

Doing the actual work will normally take the MOST project time and resources.

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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 phases of a project?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.

What are the 10 knowledge areas of project management?

The 10 Knowledge Areas that have been defined in project management are:

  • Project Integration Management.
  • Project Scope Management.
  • Project Schedule Management.
  • Project Cost Management.
  • Project Quality Management.
  • Project Resource Management.
  • Project Communications Management.
  • Project Risk Management.

25 нояб. 2020 г.

What are the three constraints on a project?

The triple constraint theory, also called the Iron Triangle in project management, defines the three elements (and their variations) as follows:

  • Scope, time, budget.
  • Scope, schedule, cost.
  • Good, fast, cheap.

20 сент. 2017 г.

What is project life cycle?

A project life cycle is the sequence of phases that a project goes through from its initiation to its closure. The number and sequence of the cycle are determined by the management and various other factors like needs of the organization involved in the project, the nature of the project, and its area of application.

What are the skills needed for a project manager?

12 Essential Project Management Skills

  1. Leadership. We have to start with the big daddy of them all – leadership. …
  2. Communication. Communications really go hand-in-glove with leadership. …
  3. Scheduling. …
  4. Risk Management. …
  5. Cost Management. …
  6. Negotiating. …
  7. Critical Thinking. …
  8. Task Management.
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14 нояб. 2019 г.

What is the first step a project manager performs after officially beginning a project?

The formal stages of a project are as follows: Initiation: project team formation, project chartering, and kick-off. Planning: finalizing the project scope, defining the detailed work breakdown, assessing risk, identifying resource requirements, finalizing the schedule, and preparing for the actual work.

When should the project manager be assigned?

Project manager is assigned before any processes, thus, as an input to the Initiation Process, answer is A.

Which process identifies the project manager?

Project Manager is identified as part of the Develop Project Charter process. You are the Project Manager assigned to build a next generation vehicle.

What does Gantt stand for?

Gantt is the last name of Henry Gantt who introduced the first chronological chart as a project management system. As it often happens, the name since then is widely used to describe such kind of charts. Gannt, or Gantt chart, in its simple form, is a horizontal bar chart that shows a project plan on a timeline.

What are the six process groups in project management?

Project Management Process Groups

  • Initiating Process Group. The initiating process group involves the processes, activities, and skills needed to effectively define the beginning of a project. …
  • Planning Process Group. …
  • Executing Process Group. …
  • Monitoring and Control Process Group. …
  • Closing Process Group.

24 окт. 2019 г.

What are the 49 processes in project management?

The following table contains the 10 knowledge areas and the 49 processes:

  • Project Integration Management. …
  • Project Scope Management. …
  • Project Schedule Management. …
  • Project Cost Management. …
  • Project Quality Management. …
  • Project Resource Management. …
  • Project Communications Management. …
  • Project Risk Management.
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