Developing the project plan – The project plan consists of project charter, project objectives, the definition of the project, the project budget, the resources required for the project, the project schedule, the approach which needs to be followed, initial risk assessment and plans of the management

Managing project execution – This is the part where the actual working on the project is done and the final deliverables are prepared and worked upon. Monitoring and controlling project work – During the work cycle the project needs regular monitoring to check if it is being done according to the objectives set.

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