Certification in Supplier Diversity Practice Exam

Which of the following is NOT one of the five project management process groups?

1. Planning

2. Budgeting

3. Executing

4. Closing

The correct answer is: Budgeting

The correct choice indicates that budgeting is not one of the five project management process groups. The five recognized process groups in project management are initiation, planning, executing, monitoring and controlling, and closing. Each of these groups plays a vital role in ensuring a project’s success. Planning is necessary for defining objectives, strategies, and procedures. Executing involves the implementation of the project plan and resource allocation. Closing wraps up the project and ensures all work is completed effectively and learnings are documented. Budgeting, while important in project management, is more of a supporting activity that occurs within the planning phase but is not defined as a standalone process group. Thus, it is correct to say that budgeting does not belong to the official five groups recognized in project management methodology.