What defines the fundamentals of project management in the PMBOK framework?

The fundamentals of project management in the Project Management Body of Knowledge (PMBOK) framework are defined by a process-based approach. This means that project management is structured around a series of interrelated processes that guide project teams from the initiation of a project through its planning, execution, monitoring, controlling, and closing phases. This systematic approach helps ensure that all aspects of a project are considered and that the appropriate processes are applied to manage scope, time, cost, quality, human resources, communication, risk, procurement, and stakeholder engagement effectively.

While budgeting, team collaboration, and descriptions of project types are certainly important elements of project management, they each represent specific facets rather than the overarching framework. The process-based approach encompasses all aspects of these elements by integrating them into a cohesive methodology that enhances the likelihood of project success through structured guidance and best practices.