Project Management Processes
As shown in Figure 5.2, there are four major processes in the activity of project management:
Project justification, approval, and review;
Project tracking; and
Figure 5.2. Overall project management process
Project Justification, Approval, and Review
This activity is typically undertaken by senior management. It involves the evaluation of potential projects (projects identified via the strategic planning process and new initiatives), the approval of the undertaking of a project feasibility study, the review of the project's business case (including cost–benefit), and the regular review ...