What is involved in Project Management?

Project management involves a comprehensive approach that includes initiation, planning, execution, and control of work. This process ensures that a project is defined from start to finish, allowing for clear objectives and structured steps that guide the project team.

Initiation refers to the phase where the project is defined and its feasibility is evaluated. This is crucial for setting a solid foundation. Planning involves outlining the tasks, timelines, resources, and budget needed to achieve the project's objectives effectively. Execution is where the actual work takes place, involving the coordination of people and resources to carry out the project plan.

Control, on the other hand, includes monitoring the project's progress and making necessary adjustments to stay on track with the project's goals. This ensures the project meets its deadlines, stays within budget, and achieves its intended outcome.

The other options do not encapsulate the full scope of project management. For instance, solely focusing on planning and execution ignores the critical initiation and control phases necessary for effective project management. Likewise, limiting attention to control and monitoring does not account for the essential planning and execution aspects that need to be addressed from the beginning. While collaboration with external stakeholders can be a part of project management, it does not cover the essential phases of the project lifecycle. Thus, option B accurately