PSP Exam - Question 8

The stages of project management typically include design, development, execution, and closeout. The initiation or planning stage is crucial to set the project direction, the design or planning stage involves thorough preparation and allocation of resources, the development or execution stage is where the actual work happens, and the closeout stage ensures that all aspects of the project are completed and documented. Therefore, the stages are correctly represented as design, development, execution, and closeout.