Which of the following are process groups in the project life cycle? (Select Three).

Accepting is typically a concept related to stakeholder acceptance or a risk response strategy, not a primary project management process group.

Mitigating is a risk response strategy aimed at reducing the probability or impact of a threat, not a distinct project management process group.

Avoiding is a risk response strategy that eliminates the threat or condition causing it, not a core project management process group.

Initiating is a project management process group focused on defining and authorizing the project or a phase of the project.

Closing is a project management process group responsible for formally completing the project, phase, or contract.

Planning is a project management process group that establishes the scope, refines objectives, and defines the course of action required to achieve the project objectives.