The document outlines the key processes in project management from initiation through closing. It shows the initiating process of developing the project charter and defining the scope. The planning processes include developing the project management plan, scope baseline, schedule and cost baselines. The execution stage involves directing and managing the project work. Monitoring and controlling includes monitoring the project work, integrated change control, and updating cost and schedule baselines. Finally, the closing process verifies deliverables and closes the project or phase.