Project management stages: - Initiation, Planning, Execution, Monitoring & Control and Closure Programs contains similar projects, portfolio contains various programs. Product lifecycle is diff from project lifecycle because it has to do with products (from beginning to end). Project lifecycle deals with creation of d product and the lifecycle of product in the market. Negative stakeholders are people that dont want a project to succeed. Project management processes- Are repeatable actions and steps taken to achieve a common goal. WBS scope baseline is a reference scope which you measure your future performance or work against. Decomposition means to break down work on WBS to small units and show how they are inter-related. Milestones are reference point placed along a project path to measure the project progress. Precedence diagramming method has four types: - Start to start. - Finish to finish. - Finish to start e.g. Construct a foundation before building start. -Start to finish e.g. Relocation from an old house to a new house. Dependency determination: -Mandatory dependency-Activity A must happen before B. -Discretionary dependency is based on best practice. -External dependency-external factors that influence a project.