Final answer:
Time, cost, and procurement management are key components of the Project Planning phase in project management, where detailed plans for project execution are developed.
Step-by-step explanation:
Time, cost, and procurement management typically take place during the Project Planning phase of a project management process. This is where detailed planning occurs to ensure that the project will be executed within the prescribed timeline, budget, and quality standards. Various tools and techniques are employed during this phase to establish plans for how time will be managed, how costs will be budgeted and controlled, and how procurement of necessary goods and services will be conducted.