PMI has standardized 42 Project Management processes that are grouped under 5 Project Management Process Groups and 9 Knowledge Areas. Understanding this will make a person a wonderful Project Manager.
Here are the 5 Process groups
Initiating Process GroupHere is where a Project gets initiated and a Project Manager is delegated.
The activities like Defining Project Scope, Financial resources confirmation, Identifying Internal and External Stake Holders and assigning a Project Manager happens in this Process Group.
Project Charter is an official document that is provided to a Person to assign him as a Project Manager for any given Project. Until a Project Charter is officially handed over to an Individual, he/she shall not be responsible for that Project.
Identify Stake Holders
Stake Holders are individuals who are positively or negatively affected by the success and failure of a project. Say the Client, End User, Program Manager, Project sponsor etc.