No Initiative will be approved and no project will get into execution until the Project Manager or Project Management team provides the project schedule and the project budget. These are baselined during the Planning process Group so that can be used for measuring the progress of the project against a Project Management Plan and determine if the project is on track or if it requires an adjustment either through corrective actions, preventive actions, Defect repair or change requests. Project Cost Management Management processes provide the required ability to the Project Manager, so that s/he can keep the project within budget and deliver the project objectives successfully.
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