Soft Skills

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Project Management.jpg


Project Management Body of Knowledge



Unique Project



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What is Project Management ?

The Project Management Body of Knowledge (PMBOK), defines a project as:

“A temporary endeavor undertaken to create a unique product or service.”

A typical Project possess following characteristics:

  • A Single, definable purpose or end-item
  • Every project is unique.
  • A project is a temporary activity.
  • A project utilizes skills and talents from multiple professions and organizations.
  • Possibly unfamiliar
  • There is something at stake.
  • A project is a process of working to achieve a goal.
  • A project relies on a budget
  • A project has a single point of responsibility
  • Projects are usually completed by a team of people.
  • Projects generally have time and cost constraints.

According to Cleland and King the following five criteria help when to decide to use a project:

  • Unfamiliarity
  • Magnitude of the effort
  • Changing environment
  • Interrelatedness
  • Reputation of the organization

The term project management is sometimes used to describe an organizational approach to the management of ongoing operations.  This approach, more properly called management by projects, treats many aspects of ongoing operations as projects to apply project management techniques to them.



 

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Nine Knowledge areas to describe Project Management.jpg

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The PMBOK describes project management under the following nine knowledge areas:

a. Project integration management
b. Project scope management
c. Project time management
d. Project cost management
e. Project quality management
f. Project human resources management
g. Project communication management
h. Project risk management
i. Project procurement management


The key stakeholders on every project include:

• Project manager;
• Project team members;
• Owner (parent) or performing organization;
• Customer; and
• Sponsor


Other stakeholders who will also play a part are:

• Contractors and sub-contractors;
• The public; and
• Partner or joint venture

The conclusion of a project phase is generally marked by a review of both key deliverables and project performance to date. This is carried out to:

a. Determine if the project should continue into its next phase; and
b. Detect and correct errors cost effectively.

These phase-end reviews are often called phase exits, stage gates or kill points.

(Note: - This is just a brief learn more in Project Management Programs at CPDLR).