![]() ![]() Get to know more about importance of project charter. Learn more about these processes with the best online project management courses on our platform and get the necessary boost in your project management career. After assembling all the deliverables, the final product is handed over either to the customer or sponsor or operation or made live on production. Closing or Implementing the Project : The fifth PMP process is concerned with the implementation of the project and documenting the lessons learned.Monitoring and Controlling the Project: The fourth process is concerned with monitoring and controlling the project, identifying changes and issues and corresponding actions to deal with it.Executing the Project : The third process of PMP deals with all project activities that need to be executed during the project i.e., the project management plan is implemented, and the deliverables are produced by the project team members.Planning for Execution : The second process lays out all activities that need to be executed before execution, such as risk analysis, cost-benefit analysis and more, i.e., a project management plan is developed.The project manager then identifies all the stakeholders who would be working on the project. The Project Charter is issued by the Sponsor to the Project Manager. Initiating the Project : The first process of PMP aims at defining the mission and objectives of the project.Here’s what you need to know about the five process groups of Project Management: 5 Phases or Process Groups of Project Management Know more about project description and conflict management. Online courses give you the comfort and safety of your own home, and if you opt for an on-demand course, you can learn at your own pace. If you are looking to get PMP certified, it’s best that you enroll in PMP course online or at an office setup. T hese areas have a combined total of 49 processes, and we are going to learn everything about 49 processes of PMP in some detail in this article. T here are also 10 project management knowledge areas, known as PMP knowledge areas or PMBOK knowledge areas. Until recently, the PMP exam also focused on these five process gro ups only. All project management processes belong to these process groups. According to the PMBOK Guide, there are five process groups for every project life cycle : the initiating process group, planning process group, executing process group, monitoring and controlling process group, and lastly, the closing process group. ![]()
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