Your question: Which project management process group should you spend the most time and money?

Which group of project management processes normally spends the most money?

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.

On which project management process should team members spend the most time?

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

In which phase of the project is the project spend the highest?

The period with the high slope is usually around the middle of a project, i.e., during the execution and monitoring & controlling phase(s). But I have known projects that had huge initial cash outlays required at the beginning, and others that had similarly large payments owed at the end.

What are the five project management process groups in order quizlet?

The five Project Management Process groups are: initiating, planning, executing, monitoring & controlling, and closing.

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What are the five project management process groups that support the project management life cycle select one of the groups and describe the actions needed for the group?

These project management process groups are called initiating, planning, executing, monitoring and controlling and closing.

Which process groups must be performed to manage any project?

Which process groups must be performed to manage any project? initiating, planning, executing, monitoring and controlling, and closing. All five process groups must be addressed in a project. It is the responsibility of the project manager to determine which process groups require more attention than others.

How many project management processes belong to the closing process group?

There are only 2 Processes in this Process Group – Close Procurement, and Close Project or Phase. Some of the key activities done in Closing Process Group are: Develop Closing Procedures to help you get a closure easily.

In which project management process group is the detailed project budget created?

In which pm process group is the detailed project budget created? C. Notice the use of the word “detailed”. Such a budget is created during project planning.