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Quality Management Integration Management Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project. The following set of illustrations depict the project management life cycle, knowledge areas, and processes used: 1.2.5.
Level two denotes less complex projects with medium-to-. low risk and risk is handled as a key project component that influences development, planning, implementing, and closeout. Level three identifies risk as a consideration in. development, planning, implementing and is particularly important in the closeout stage.