Creating a focused plan to successfully introduce new products to the market

Cost management includes processes that ensure that the project is completed within the approved budget. The processes included here are Resource planning, Cost estimating, Cost budgeting and Cost Control

Quality is defined as the degree to which a set of inherent characteristics fulfill requirements stated and unstated by the customer. Quality management processes determine quality policies relevant to the project, establish quality objectives, define a person responsible for quality and addresses quality management of project as well as the product.

Includes the processes required to acquire goods and services, to attain project scope, from outside project organization. Major processes are Procurement planning – determine when and what to acquire.

Time management includes processes required to ensure timely completion of project. This would include project schedule processes like activity definition, Activity sequencing, Activity duration estimation, Schedule development and Schedule control.

Project scope management includes processes required to ensure that project includes all the work and only the work required to complete the project successfully. Scope defines the work that has to be completed to deliver product / service with specified features and functions.