Final answer:
The process that includes documenting requirements, budget, and work flow for the project is the Planning phase.
Step-by-step explanation:
The correct answer is: 4) Planning
The process that includes documenting requirements, budget, and workflow for a project is the planning phase. In this phase, a project manager or team creates a detailed plan that outlines the goals, objectives, budget, timeline, and resources needed for the project.
For example, if a company is planning to develop a new product, the planning phase would involve identifying the requirements for the product, estimating the budget for product development, and mapping out the workflow for the project.