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11 June, 05:09

processes include defining and authorizing a project or project phase. a. Planning b. Initiating c. Monitoring and controlling d. Executing

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  1. 11 June, 08:19
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    The correct answer is letter "B": Initiating.

    Explanation:

    In project planning the first step is initiating. At this stage, the firm is aware that there is a new plan for conducting businesses that should be implemented so the resources - labor and capital - necessary to execute the project are obtained and allocated. Potential stakeholders are identified so they can bring their investments into the venture.
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