The Project Management Body of Knowledge (PMBOK® Guide)published by the Project

question 26

Essay

The Project Management Body of Knowledge (PMBOK® Guide)published by the Project Management Institute identifies five process groups.Briefly identify and describe each of these five process groups.

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Definitions:

Self-Dealing

A situation where an individual in a fiduciary position acts to further their own interests rather than those of the individuals or entity they represent.

Corporate Profit

The financial gain retained by a corporation after deducting expenses from its income.

Objectionable Activities

Activities that are considered unacceptable or offensive by societal standards, often leading to legal, ethical, or regulatory scrutiny.

Private-Profit

Income or gain derived from one's business, profession, or capital, exclusive to the individual or corporation earning it.