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

In project management, there are many methods to handle how the project should be completed, how an ethical situation should be handled, what types of decisions should be made. Furthermore, how much knowledge the project manager should possess, their focus of completing the job on budget and schedule, and understand the scope, as well as, knowing how to communicate.

Module 7 provides a discourse on Benefits Realization Management (BRM). It outlines the importance of having a formal BRM process in place when undertaking projects. Among the significant theories that it touches on, is the idea of product success versus project success. It is noted that unlike project success which is dependent of the iron triangle constraints of delivering a project on time, within budget, scope and specified quality standards; product success has to do with ensuring customer benefits, meeting design goals, making sure that a project delivers commercial success and future potential. Benefits realization management has to do with ensuring that long term benefits of the product or result that led to implementation of the project are realized even after the project is completed, especially after the project is complete - hence the idea of product success. The concept of value vs benefits is discussed in the next sections, along with the process of benefits realization management, some of the significant challenges that BRM faces and the importance of project sponsor and executive accountability for BRM.

Management of a project is linked with the planning and managing of change in an organization, but the project can also be something that is not related to the business. It can be a domestic situation like shifting a house or a wedding plan. Therefore, the methods and tools of project management can be even more useful than one can imagine. The techniques of project management and its planning tools are very useful and important for the tasks in which there is a possibility of outcomes and the risks of different problems and failures exist.

There are many proven project management methodologies are available today for organizations to achieve their goals with expected results within an approved scope, budget, and time. The most popular methodologies are traditional Waterfall, Prince2, Agile, and ITIL. The methods are:

Project management can be defined as a systematic way of dealing with a project from the start to the finish. The ultimate aim of project management is successful completion of projects within the specified time period and budget (Project drive, 2010). Project management can thus be understood as a responsibility to efficiently manage projects that will fulfill the goals and objectives of any organization by

PMI explains that project management is “the application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of a particular project” (PMBOK, 2008). Project management has five basic

Here the main intention of project management methodology is to produce an excellent method and guidelines in order to certify that

The evolution in institutes and association in project management had Initial activities concentrated on information exchange and project practices but soon expanded into the area of certification. The requirement for certification standardization by the associations - first PMI in USA, and later APM in UK, developed their own reference documents. The first version of its (Guide to the) Project Management Body of Knowledge in 1976 and reviewed by 1983 was produced and Various other national project management associations produced their own versions, in some cases quite different from PMI‟s. these BOKs were developed over the period 1976 – 2001 [Morris et al 2006]. PMI became the primary basis of certification program in the mid 1980 's with further updates in the upcoming years. On the other hand, Professional Standards Group (PSG) of UK Association of project managers (APM) leads to development of APM’s body of knowledge. The content of APM’s BOK was dictated by APM certification programmer, which made document to be the bedrock from which aspects of education and training of project managers are addressed. By questioning individuals in various industries their use and understanding the 44 ‘topics’ of project management which have been complied by various systems of Body of Knowledge ‘elements’ used by APM (G. Themistocleus, 2000) APM‟s early BoKs were academically led and one later version had a research based

The abbreviation PMBOK denotes to the Project Management Body of Knowledge. The PMBOK is a developing frame of information for the arena of project management. PMBOK is positioned on the Project Manager and the PMP Exam is an effort to measure the knowledge of a Project Manager. Which differs from a methodology. Nevertheless, the significance of PMBOK to the occupation of Project Management cannot be simple, as the knowledge enclosed within it can be leveraged by any formal methodology. Therefore, it should be seen as complimentary to any project management method. Waterfall, and Agile are project management methodologies, each with dissimilar themes, philosophies, and procedures. A project management approach is a

Second, reason it 's totally different is that it devotes fewer than 10 pages to the announcement found within the Guide to the Project Management Body of information (PMBOK) printed by the Project Management Institute (PMI). Instead, with the realistic logical based on project leader experiences and responses that have stood the check of your time, it presents sensible applications supposed as a short summary of the discipline of project management.

There are different kinds of methodologies used for Project Management. Some of the Project Management used nowadays are

Methodology is a collection of strategic methods that focus on how to plan, perform and complete certain projects. It has a conductive approach which depends on the conditions of different projects(Marchewka, 2003).

Project methodology provides the Information Technology Services project teams with group of rules to manage projects. Methodology is a tool provider to make every one 's job easier, mainly who manages the project, which contains the description, steps and templates to various project activities that require delivering successful projects. Project Management Methodology is a factually defined sequence of logically related practices, methods and processes that determine how best to plan, develop and deliver a project throughout the continuous implementation process until the completion. It is a scientifically-proven that systematic and disciplined approach project execution, design and completion of project. A methodology provides a skeleton for describing every step in depth, so that a project manager will know what to do to deliver and implement the work according to the budget, schedule and client specification.

ABSTRACT: Project management systems show an increasingly growing technical expertise in IT industry. As the number of users, who use project management applications continue to grow. In today’s environment, different federations and organizations are progressively managing their activities and processes as projects to supervised performance more closely and make better project development decisions about their overall work.

Project Management is an important part of project development. It deals with all the main areas for project development like Feasibility, Requirement analysis, Project Schedule, Project Plan etc. We have used the Project management approach to deal with all the series. It is achieved by proper selection of Software Life Cycle Model.