Project Management
Project Management is about coordinating the activities required developing a specific objective. The project management framework, as described in the Project Management Body of Knowledge (PMBOK) 7th edition from the Project Management Institute (PMI), includes 10 knowledge areas and 5 process group. this guide serves as the foundation for any project management activity.
The 10 knowledge areas include processes designed to manage scope, schedule, cost, quality, resources, and risk associated to developing the project objectives are:
- Project Integration Management
- Project Scope Management
- Project Schedule Management
- Project Cost Management
- Project Quality Management
- Project Resources Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
The 5 Process Groups sequence the above processes from start to finish. They are: Initiating Processes, Planning Processes, Executing Processes, Monitoring & Controlling Processes, Closing Processes.
The 12 principles in the 7th edition guide the behavior of people involved in projects and they are: Stewardship, Team, Stakeholders, Value, Systems Thinking, Leadership, Tailoring, Quality, Complexity, Risk, Adaptability & Resiliency, Change.
The 8 interdependent project performance domains in the 7th edition defines that work done in unison to achieve the desired project outcomes, such as: Stakeholders, Team, Development Approach & Life Cycle, Planning, Project Work, Delivery, Measurement, Uncertainty.
Project integration Management includes processes such as Development of Project Charter, Development of Preliminary Project Scope Statement, Development of Project Management Plan, Management of Project Execution, Monitoring and Controlling Work, Integrating Change Control, and Closing of the Project.
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Project Scope Management includes processes such as Scope Planning, Requirements Gathering, Scope Definition, Work breakdown structure (WBS) Creation, Scope Validation, Scope Control.
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Project Schedule Management includes processes such as Plan Schedule Management, Defining Required Activities, Sequencing Activities, Estimate Activity Resources, Estimate Activity Duration, Developing Schedule, Control Schedule.
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Project Cost Management includes processes such as Resource planning, Cost estimation, Cost budgeting, Cost control.
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Project Quality Management includes processes such as Quality planning, Quality assurance, Quality control.
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Project Resources Management includes processes such as Plan Resource Management, Estimate Activity Resources, Acquire Resources, Develop Team, Manage Team,Control Resources.
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Project Communications Management includes processes such as Plan communications management, Manage communications, Monitor communications.
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Project Risk Management includes processes such as Risk Management Planning, Identify risks, Qualify risk, Quantify risk, Plan Risk response, Monitor risks.
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Project Procurement Management includes processes such as Plan Procurement Management [purchases, acquisitions, contracting), Conduct Procurement (select seller), Control Procurement (contract administration), Contract Closure.
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Project Stakeholder Management includes processes such as Identify Stakeholders, Plan Stakeholder Engagement, Manage Stakeholder Engagement, Monitor Stakeholder Engagement.
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