YancyPM

The management process for requesting reviewing, approving, carrying out and controlling changes to the project's deliverables. Change Control is usually applied once the first version of a deliverable has been completed and agreed.

The inflow and outflow of funds. A time-based record of income and expenditures, often presented graphically.

Stakeholder Processes

There are four processes to address risk management issues: Risk Identification, Risk Quantification, Risk Response Development, Risk Response Control.

Any project requires good communications to manage day-to-day activities and ensure success of the project. Project managers need to understand the processes of Project Communications Management, and how those processes help promote success and resolve differences among project stakeholders. Project managers need to plan out a strategy to ensure that needed information is gathered and produced efficiently. Finally, project managers are responsible for distributing information to all stakeholders--internal and external--concerning all project management Knowledge Areas.

Human resources management processes are divided into four processes. The first of these processes is human resource planning. The second process is the acquisition of team members. Third process is to develop the project team. The fourth and final process is team management.

There are three processes for quality management. The first of these three processes is quality planning. The second process in quality management is performance of quality assurance tests. The final process in quality management involves quality control.

Project time management consists of six main processes. The first of these processes is in the definition of activities and action items. The second process in time management is the sequencing of activities. The third process is the estimating of resource of each activity. The next process in time management processes is the estimation of activity durations. Then the project schedule can be developed. The final process in the time management series of processes is the control of the project schedule.

There are three processes involved with cost management. The first process is cost estimating. The second process involved with cost management strategies is cost budgeting. The third and final process is cost control.

There are five processes in scope management. The first of these processes is the planning of the project's scope. The second process is defining the scope. The WBS is created in the third process. Fourth, scope verification comes into play. Finally, scope control is implemented.