The five Project Management Process Groups are Initiation, Planning, Execution, Monitoring and Control, and Closing. This framework is the basis of effective project management and facilitates engagement with project stakeholders so outcomes are efficiently delivered. Each process group focuses on a specific role or goal in order to ensure all expectations are met. Initiation means setting clear goals, objectives, and expectations; Planning involves analyzing resources and methods needed; Execution involves executing tasks and activities; Monitoring and Control takes place throughout the project’s course to recognize progress, analyze risks, and make necessary modifications; Closing includes completing the deliverables and formalizing acceptance of the project results. By following this five-part structure, a business can ensure their projects stay on track and that they meet all expectations.