Question

List the 4 fundamental project management activities.

1) Planning, organizing, leading, controlling
2) Initiating, planning, executing, closing
3) Scope, time, cost, quality
4) Risk, procurement, communication, stakeholder

Answer 1

The four fundamental project management activities are initiating, planning, executing, and closing. These activities guide a project from conception to completion, ensuring its success and stakeholder satisfaction.

Step-by-step explanation:

The four fundamental activities in project management are: initiating, planning, executing, and closing. These activities constitute the project management lifecycle and are essential for successfully completing a project from start to finish.

• Initiating involves defining the project at a broad level, establishing its overall framework, and authorizing its start.
• Planning encompasses the development of a detailed project plan that outlines how objectives will be achieved.
• Executing is the phase where the actual work is carried out to produce the project's deliverables.
• Closing includes finalizing all activities, delivering the finished product, and winding down the project.

These activities provide a structured approach to guide the project through its lifecycle, ensuring that goals are met, stakeholders are satisfied, and resources are effectively utilized