Update Project Management.md

Project Management.md

@@ -5,18 +5,18 @@ $`*`$ Learn the stages in Project Management <br/>
 $`*`$ Apply it to a real project
 
 **What is a Project:** <br/>
-- According to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavour undertaken to create a unique product, service or result.
-- Temporary means that every project has a definite beginning and end
+$`*`$ According to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavour undertaken to create a unique product, service or result. <br/>
+$`*`$ Temporary means that every project has a definite beginning and end
 
 ### What is Project Management? <br/>
 $`*`$ According to PMBOK, project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements <br/>
 $`*`$ Project management is accomplished through the application of several project management processes <br/>
-    $`*`$ Initiating <br/>
-    $`*`$ Planning <br/>
-    $`*`$ Executing <br/>
-    $`*`$ Monitoring <br/>
-    $`*`$ Controlling <br/>
-    $`*`$ Closing <br/>
+$`~~~`$ $`*`$ Initiating <br/>
+$`~~~`$ $`*`$ Planning <br/>
+$`~~~`$ $`*`$ Executing <br/>
+$`~~~`$ $`*`$ Monitoring <br/>
+$`~~~`$ $`*`$ Controlling <br/>
+$`~~~`$ $`*`$ Closing <br/>
 $`*`$  Traditionally, project management includes a number of elements: four to five proces groups, and a control system.
 
 **Process Groups:** <br/>
@@ -53,3 +53,16 @@ $`*`$ Selecting `planning team`
 **Executing:** <br/>
 Executing portion consists of the processes used to `complete the work defined in the project management plan` to accomplish the project's requirements. It also involves `coordinating people and resources`. `Deliverables are produced` as outputs from the processes performed as defined in the project management plan.
 
+**Monitoring and Controlling:** <br/>
+Processes performed to obvserve projet execution, potential `problems can be identified in a timely manner` and `corrective action will be taken`. <br/>
+$`*`$ `Measuring the ongoing project activites` <br/>
+$`*`$ `Monitoring the project variables` against the project management plan and the project performance baseline <br/>
+$`*`$ Identify `corrective actions to address isuess` and risk properly 
+
+**Project Maintenance:** <br/>
+Work scop emay change, and it is a normal and expected phenomenon (`Change Management`). The changes needs to be documented to show what was atually constructed. The record is made on contract documents but not necessarily limited to.
+
+**Closing:** <br/>
+Closing includes the `formal acceptance` of the projet and the ending thereof. Administrativ eactivies include the `archiving of the files and comunenting lessons learned`. <br/>
+`Project close:` Finalize all activites across all of the process groups to fomrally close the project or a phase of a project. <br/>
+`Contract Closure:` Complete and settle each contract (including the resolution of any open items) and close each contract applicable to the project or project phase.