Final answer:
The PMI's PMBOK outlines the project management process sequence as Initiation, Planning, Execution, Monitoring and Controlling, and Completion. This sequence provides a structured approach for overseeing projects from start to finish.
Step-by-step explanation:
According to the Project Management Institute's (PMI) Project Management Body of Knowledge (PMBOK), the correct sequence of processes in project management aligns with the project life cycle that's composed of five key stages. Projects are initiated, which means defining their objectives and their overall scope, followed by detailed planning, where the roadmap to achieve those objectives is created. The next phase is execution, where project plans are implemented.
This is followed by monitoring and controlling, which are concurrent processes that measure project performance and ensure that everything aligns with the project management plan. The last stage in the sequence is completion, also known as the closing phase, where the project is formally closed and the final product is delivered.
The appropriate sequence is therefore: Initiation, Planning, Execution, Monitoring and Controlling, Completion.
The correct sequence of processes in project management as per PMI's PMBOK is Initiation, Planning, Execution, Monitoring and Controlling, and Completion. These five phases ensure a systematic approach to managing projects effectively.