write the steps of project formation
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Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.
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The Five Stages
- Initiation: project team formation, project chartering, and kick-off.
- Planning: finalizing the project scope, defining the detailed work breakdown, assessing risk, identifying resource requirements, finalizing the schedule, and preparing for the actual work.
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