What is Project Management?
Project Management is the art to manage the project.
What does mean to manage the project?
It is the discipline of
Initiating, Planning, Executing, Monitoring & Controlling and Closing the
work of team/teams to achieve specific goal and meet the specific acceptance
criteria (within Budget , Schedule , and Quality Standards)
What are the major
challenges in project management?
Primary challenge is to achieve all the PROJECT GOALS with Given Constraints. More
descriptively Scope, Time, Quality and Budget.
Secondary challenge is to optimize the allocation of allocation of resources and necessary
inputs and to integrate them to meet the pre-defined goals.
What are the Project Management Approaches?
There are multiple approaches
and vary organization-to-organization and industry-to-industry. Mostly
categories in followings:
1. The Traditional Approach
2. Process Based Management
3. PMI Standards (Project Management Institute Standards)
4. PRINCE 2
5. Lean Project Management
6. Project Production Management
7. Agile Methodologies
8. Benefits Realization Management
9. Critical Chain Project Management
10. Extreme Project Management / Mega Projects
What are the Project Management Process Groups?
Following process groups
that are mentioned as Process Group in PMI are already available in almost all
project management approaches by similar or slightly different names.
1. Initiation
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing
What are the Knowledge areas in Project Management?
Following knowledge areas
that are mentioned in PMI are already available in almost all project
management approaches by similar or slightly different names.
1. Project Integration Management
2. Project Scope Management
3. Project Time Management
4. Project Cost Management
5. Project Quality Management
6. Project Human Resource Management
7. Project Communication Management
8. Project Risk Management
9. Project Procurement Management
10. Project Stakeholder Management
What are the Project Management Processes?
If we see PMI approach and
other approaches we found the processes, which are descriptively described in
PMI Process group wise.
|
Knowledge Areas
|
Initiating Process Group
|
Planning Process Group
|
Executing Process Group
|
Monitor & Control Process
Group
|
Closing Process Group
|
|
Project
Integration Management
|
4.1 Develop Project
Charter
|
4.2 Develop Project
Management Plan
|
4.3 Direct and Manage
Project Work
|
4.4 Monitor and
Control Project Work
4.5 Perform Integrated
Change Control
|
4.6 Close Project or
Phase
|
|
Project Scope
Management
|
|
5.1 Plan
Scope Management
5.2
Collect Requirements
5.3
Define Scope
5.4
Create WBS
|
|
5.5
Control Scope
5.6
Validate Scope
|
|
|
Project
Time Management
|
|
6.1 Plan
Schedule Management
6.2
Define Activities
6.3 Sequence Activities
6.4
Estimate Activity Resources
6.5
Estimate Activity Duration
6.6
Develop Schedule
|
|
6.7
Control Schedule
|
|
|
Project
Cost Management
|
|
7.1 Plan
Cost Management
7.2
Estimate Cost
7.3
Determine Budget
|
|
7.4
Control Cost
|
|
|
Project
Quality Management
|
|
8.1 Plan
Quality Management
|
8.2
Perform Quality Assurance
|
8.3
Control Quality
|
|
|
Project
Human Resource Management
|
|
9.1 Plan
Human Resource Management
|
9.2
Acquire Project Team
9.3
Develop Project Team
9.4
Manage Project Team
|
|
|
|
Project
Communication Management
|
|
10.1
Plan Communication Management
|
10.2
Manage Communication
|
10.3
Control Communication
|
|
|
Project
Risk Management
|
|
11.1
Plan Risk Management
11.2
Identify Risks
11.3
Perform Qualitative Risk Analysis
11.4
Perform Quantitative Analysis
11.5
Plan Risk Response
|
|
11.6
Control Risk
|
|
|
Project
Procurement Management
|
|
12.1
Plan Procurement Management
|
12.2
Conduct Procurement
|
12.3
Control Procurement
|
12.4
Close Procurement
|
|
Project
Stakeholder Management
|
13.1
Identify Stakeholders
|
13.2
Plan Stakeholder Management
|
13.3
Manage Stakeholders
|
13.4
Control Stakeholders
|
|
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