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Initiating, Planning, Executing, Monitoring & Controlling, Closing

Letter Sequence: I, P, E, M&C, C

Sentences:

• I Prefer Eating Mac & Cheese Cold
  Uses a tasty visual image
• Improperly Pierced Ears May Cause Crying
  Just in case this triggers a memory-response from your childhood...
• I Probably Exceeded My Card's Credit
  In case you've had a flood at your house or something
• Infuriating programming errors makes Chaney crazy
  *cough* Hypothetically speaking, of course...
• I say time costs quality. Here comes risky pizza..
  Thanks Jim...