Project management life cycle - Flowchart

"A Guide to the Project Management Body of Knowledge - Fifth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle.
The Guide recognizes 47 processes that fall into five basic process groups and ten knowledge areas that are typical of almost all projects.
The five process groups are:
Initiating,
Planning,
Executing,
Monitoring and Controlling,
Closing.
The ten knowledge areas are:
Project Integration Management,
Project Scope Management,
Project Time Management,
Project Cost Management,
Project Quality Management,
Project Human Resource Management,
Project Communications Management,
Project Risk Management,
Project Procurement Management,
Project Stakeholders Management (added in 5th edition).
Each of the ten knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve an effective project management program. Each of these processes also falls into one of the five basic process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group." [A Guide to the Project Management Body of Knowledge. Wikipedia]
The flow chart example "Project management life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Flowcharts solution from the area "What is a Diagram" of ConceptDraw Solution Park.

This flowchart example was created on the base of land sales process diagram from the Property management webpage of the VicRoads website.
[www.vicroads.vic.gov.au/ planning-and-projects/ property-services/ property-management]
"VicRoads or the Roads Corporation of Victoria is a statutory corporation which is the state road and traffic authority in the state of Victoria, Australia. It is responsible for maintenance and construction of the state arterial road network, as well as driver licensing and vehicle registration. VicRoads has broad responsibility for road safety policy and research. It is also responsible for regulating the accident towing industry in Victoria." [VicRoads. Wikipedia]
"Sales Process.
Once it has been established with the relevant VicRoads Regions/ Projects and other business areas that properties are identified as surplus to VicRoads’ operational needs, they are incorporated in the VicRoads annual sales program.
Following approval: relevant VicRoads Regional Manager and the VicRoads Chief Executive (and in some circumstances Minster for Public Transport and Roads) must approve all land deemed surplus and available for disposal.
The method of sale is then determined and consultant advice is sought:
(1) Planning.
(2) Valuer General Victoria (Valuer General’s office must provide a valuation for all sales).
(3) Government Land Monitor (Land Monitor approval is sought if the value exceeds $750,000).
(4) Environmental.
(5) Local Council." [www.vicroads.vic.gov.au/ planning-and-projects/ property-services/ property-management]
The example "Land sales process flowchart" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Sales Flowcharts solution from the Marketing area of ConceptDraw Solution Park.