Question

The development of schedules, budgets, and identifying risks are common elements to which stage of the project life cycle?

1) Initiation
2) Planning
3) Execution
4) Closure

Answer 1

The development of schedules, budgets, and identifying risks are common elements to the Planning stage of the project life cycle.

Step-by-step explanation:

The development of schedules, budgets, and identifying risks are common elements to the Planning stage of the project life cycle. This stage involves creating a detailed plan for how the project will be executed, including setting timelines, allocating resources, and estimating costs. An important part of the planning stage is identifying potential risks and developing strategies to mitigate them. This ensures that the project stays on track and within budget.