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

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Human resource management includes processes required to make most effective use of the people involved with the project. It includes all the project stakeholders – sponsors, customers, individual contributors, partner and others. Major processes in HR management are organizational planning, staff acquisition and team development.

The purpose of risk management is to maximize the events that cause project success and to minimize those that hamper it. Risk management includes risk management planning, risk identification, risk analysis, creating a risk response plan and monitoring and controlling risk on a project.

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