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 arrow ring diagram sample was created on the base of the figure illustrating the webpage "Grant Life Cycle" from the Georgia College website. "Grant Life Cycle.
Define Opportunity: Funding opportunities can come from anywhere: databases, agency websites, professional publications or colleagues. GC subscribes to the database GRC. Federal grant opportunities can be found through Grants.gov.
Develop Proposal: Once an opportunity has been identified OGSP will do the following:
(1) Review the announcement for application requirements.
(2) Meet with the Principal Investigator (PI) to develop a project management plan.
(3) Work up a draft budget for PI approval.
(4) Complete the sponsor/ required forms and budget justification to be included in the application.
Submit & Negotiate: Applications can only be submitted by GC or the GC Foundation. Once internal approval has been received, designated staff in the appropriate office will submit the application on behalf of the PI and institution. If awarded, the GC or Foundation personnel will review and negotiate acceptable terms and conditions to GC, GC Fdn and/ or USG.
All of these are part of Pre-award services. ...
Award Setup: OGSP will review award documentation and assist all responsible parties with their roles and responsibilities during the grant. OGSP is available through the life of the award to provide support with any non-financial issues.
Manage Subawards: If subawards were identified at application, OGSP will issue the subaward using GC approved forms. If the need for a portion of the work to be completed by an outside entity is noted in the post-award phase, the Grants Compliance Manager will secure agency approval and then issue the subaward. OGSP will monitor the fiscal aspects of the subaward while the PI is responsible for the programmatic compliance.
Execute Project: OGSP continually monitors each grant for compliance with award terms & conditions. As legal representative, OGSP works with the PI and funder to expedite reports and resolve any issues that might arise.
Close Out Project: Once a grant has reached the end of the project period, all funders have requirements for final progress and financial reports. OGSP will work with the PI to make sure the progress report is submitted in a timely fashion and the Business & Finance completes the final invoices or report. The storage of the official project file is the responsibility of OGSP. All information and reports should be copied to the Grant Compliance Manager for inclusion in the official record." [gcsu.edu/ grants/ grantlifecycle.htm]
The arrow ring diagram example "Grant life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams