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Project Management Planning Phase

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A company is preparing to launch a large project. Management is currently assessing how a recent change in government fiscal policy might impact the project's success, estimating the number of required employees, and calculating the total cost to complete the project. Concurrently, the hiring process for the project team has begun. Which of the following activities is NOT considered part of the planning phase?
AHiring personnel to work on the project
BDetermining the number of employees required
CEstimating the total cost of the project
DAnalyzing the external environment to understand the potential impact of changes in fiscal policy
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