Project Management Body Of Knowledge Is An American National Standard Institute ( Ansi ) Essay

1170 WordsAug 10, 20165 Pages
A Methodology is a model which the managers employ in the design, implementation and achievement of their project objectives. It contains the guidelines required for managing a project. With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits. Strategic Benefits: The methodology provides confidence to customers, partners and senior management that the delivery organization can manage and deliver the projects with immense profits. Tactical Benefits: The method allows off-site managers to have confidence in recognizing the problems early and solving them. Operational Benefits: Methodology acts like a key using which the delivery organizations, empower the project team to accomplish the right task, the right way. Project Management Body of Knowledge is an American National Standard Institute (ANSI) standard first published by the Project Management Institute (PMI) as a white paper in 1983. It is a guide that describes best practices used to manage a project efficiently and acts as a foundation for a sound project management methodology, yet it cannot be a method without adaptation. Various organizations adopt several approaches or guides, in

More about Project Management Body Of Knowledge Is An American National Standard Institute ( Ansi ) Essay

Open Document