What Practice Area includes the practice of managing critical dependencies and activities?

The practice area that includes managing critical dependencies and activities is Monitor and Control (MC). This area is focused on overseeing and regulating project activities to ensure they align with established plans and objectives. By managing dependencies, project managers can effectively coordinate resources, timelines, and deliverables, maintaining the flow of work and addressing any issues that could impede progress.

Monitor and Control emphasizes the importance of keeping track of project performance and making adjustments as necessary to adapt to new information or changes in circumstances. This involves a comprehensive understanding of project activities and their interconnections, allowing for effective management of both schedule and scope while ensuring that quality standards are met.

In contrast, the other options focus on different aspects of project management and development. For example, Engineering and Developing Products primarily emphasizes the technical processes involved in creating products, while Process Asset Development deals with the creation and maintenance of organizational process assets. Estimating pertains specifically to assessing time and cost requirements for project tasks, rather than focusing on the management of dependencies and activities. Therefore, Monitor and Control encompasses the essential practice of managing critical dependencies, which is why it is the correct choice.