The Five Process Areas

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A project is differentiated from business as usual in the following ways:

  1. It has its own distinct stakeholders.

  2. It has some degree of uncertainty in its outcomes due to project-specific risks.

  3. It is a unique undertaking with its own specific objectives and targets.

A project specification is the statement of the detailed characteristics of the project such as size, etc.

The Project Management Institute has identified 5 process areas of a project.

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