10. Different project life cycle models are used for different types of projects.
11. All projects go through a common project life cycle that includes four stages: concept, development,
production and close-out.
12. The name and number of phases in a project life cycle are determined by the organization(s) involved
in the project.
13. Integration management represents the processes and activities to identify, define, combine, unify and
coordinate the various processes and project management activities.
14. Scope management includes the processes to manage timely completion of the project.
15. Communications management generally entails the processes that organize, manage, and lead the
project team.
16. Stakeholder management is comprised of the processes to identify the people, groups, or organizations
that could impact or be impacted by the project, analyze their expectations and impact, and developing
strategies for engaging them and managing conflicting interests.
17. Cost management processes are involved in planning, estimating, budgeting,m financing, funding,
managing and controlling costs so that the project can be completed within the approved budget.
18. The most critical measures of project success are completing the project on schedule and on budget.