Understanding And Framework Of Project Management

According to A Guide to the Project Management Body of Knowledge (PMBOK® Guide), - Third Edition,

A guide to the project management body of knowledge (PMBOK guide 5th edition).Newtown Square, Pa.: Project Management Institute, Inc., (2013)

PM within organizations is gaining momentum and an indispensable component of the work flow procedure. Improving organization project management can effectively improve an organization use of resources. Nevertheless, if an an organization does not possess a clean target and does not follow project phases no one willing enters into the transformational journey. The issue is the bottom line in PM, whether it is to better the organization financially, ethically, or for standardization of procedures. Constitutions must be cognizant of the elements and competencies required to receive a successful PM outcome. In the closing, business should have an active strategy to revise and adapt to the shifting marketplace.

These four management tools will be used to collaborate and organize key information from PMBOK, the information will then be directly compared to facts collected in the Federation Square project case study to decipher where the project went wrong and learn from management’s mistakes.

This report will focus on the interrelationship between the three PMBOK knowledge areas of scope, procurement and quality management and the impact each had on the final project.

Monitoring Tools There are many monitoring tools for projects but one of the most common is a Gantt chart as displayed within this assessment, other tools include Project Critical Path Analysis and Brainstorming. PMBOK is a guide that sets a standard terminology and guideline for project management. It explains the processes and steps that overlap and interact

The Project Management Body of Knowledge (PMBOK) is a collection of processes and knowledge areas generally accepted as best practice within the project management discipline. PMBOK recognises 5 basic process groups and 9 knowledge areas typical of almost all projects. The basic concepts are applicable to projects, programs and operations. The five basic process groups are:

The role of the project management office (PMO) has increased nowadays, as many organizations are implementing it. According to PMI (PMI 2011), organizations with a PMO report more projects coming in on time, on budget and meeting intended goals to those without a PMO.

Project Management Office (PMO) and Agile method are highly reputable terms in many organizations, especially in their IT projects. The PMO is a group of people or committee within an organization that is responsible to define and maintain standards and practices for traditional project management. The ultimate objective for the PMO is to gain the benefits that are derived from applying Project Management (PM) methods, practices and policies. Thus, the PMO over time will become the origin for documentation, guidance and metrics regarding to any practices that are involved in managing projects within the organization, as well as it will be the communication channel that

In this report, it will use Project Management Body of Knowledge (PMBOK) to analysis Shanghai Maglev Train Project Plan. PMBOK is an inclusive term that describes the sum of knowledge within the profession of Project Management; it involves project integration, scope, HR, cost, quality, communications, risk, procurement, and time management.

Projects are constrained scope, time, and resources, and are generally limited to solving specific problems (PMBOK).

The premise of PMI is that the tools and techniques of project management are common even among the widespread application of projects from the software industry to the construction industry. In 1981, the PMI Board of Directors authorized the development of what has become A Guide to the Project Management Body of Knowledge (PMBOK Guide), containing the standards and guidelines of practice that are widely used throughout the profession.

There are many different types of project management certification, but the certification I’m interesting in pursuing is PMP. PMP certification is one of the leading project management certifications, and one third of certified project managers obtained PMP. Unlike the other project management certification, PMP doesn’t focus on only one particular geography or domain; instead PMP certification is global (PMI, 2017). Individuals who are PMP certified have the option to work in any industry with methodology and any location (PMI, 2917). In addition, organizations that have PMP certified project manager, meet their projects original goals, and they complete their project on time and on budget (PMI, 2015).

The Project Management Plan (PMP) provides the general overview and establishes specific strategies and milestones for the preparation of study notes and delivery of presentation on the topic “Developing the Project Team “. The PMP will define the project 's requirements and expectations. This document will be updated as required, if there is any change in the subsidiary management plans.

1. A Guide to the Project Management Body of Knowledge; PMBOK Guide. 2008 Fourth edition. United States of America. Project Management Institute, Inc.