PM Processes
There are 5 main project processes according to the PMI best practices;
1- Initiating
2- Planning
3- Executing
4- Monitoring and Controlling
5- Closing
1.Initiating
The processes in the iniating process formally start a new project or a project phase. They involve identifying and anaylyzing stakeholders to align expectations about the project.
The iniating process provides a guiding vision for the proejct in terms of the organizations' strategic objectives that the project will help achieve.
Process Outputs
2.Planning
Project planning entails walking through the project and getting it organized BEFORE actually doing the work.
Project planning presents a huge opportunity to save resources, time, and money, and it encourages increased stakeholder buy-in and commitment to the project.
Process Outputs
3.Executing
The purpose of project executing is to complete the project work as defined in the project management plan and to meet the project objectives. The goal is to achieve the project deliberables within the project's planned budget and schedule, and to meet any other objective established for the project..
Executing means executing the latest version of the project management plan. In other words, you are always executing to the project management plan, but the plan might change over time..
Process Outputs
4.Monitoring and Controlling
This process entails measuring the performance of the project against the project management plan and approving change requests, including recommended corrective actions, preventive actions, and defect repair.
The process of project management does not cleanly go from initiating to executing to monitoring and controlling to closing. In fact, a project manager is doing some level of monitoring and controlling throughout the project-from initiating through closing.
Process Outputs
5.Closing
Project closing is where the project is finished. The closing effort will include administrative activities such as collecting and finalizing all the paperwork needed to complete the project, and technical work to confirm that the final product of the project is acceptable..
The closing process also include any work needed to transfer the completed project to those who will use it and to solicitfeedback from the customer about the product and the project.
Process Outputs
Open positions
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