4
Initiating and Planning Projects
The Standard Path
A point of clarification: There is a common misconception, even amongst certified PMP® professionals, that the PMI Process Groups I’ve broken the next few chapters into are the same as project phases. They are not. The process activities are within initiating, planning, executing, monitoring and controlling, and closing overlap. If you are not controlling costs from the first to last day of the project, then you are failing at a fundamental level. If you do think these are phases and not processes, you probably bought my book because you are struggling. The bad news is, I think you have some other things to work on before this helps. Stop reading now and fix this issue, and we’ll pick up ...
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