Project Management Discussion

User Generated

gurzef2h

Business Finance

University of Maryland University College

Description

Briefly explain Project Management.

  • Identify and describe the five process groups, as identified in the PMBOK.
    • If you notice:
      • The text lists varying project phases (which differ from the PMBOK).
      • The old Triple Constraint Theory has been expanded to no longer be limited to scope, budget, and schedule with quality as risk impacting.
      • The PMBOK (Sixth Edition) lists competing project constraints which are qualified with the words “but not limited to”.
      • The textbook (Pinto) illustrates The New Quadruple Constraint
  • What do these changes indicate regarding project management and the overall role of the Project Manager?
  • Do these changes affect your personal understanding/description of project management.

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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

Project management

Student’s Name
Course Name
Date

Project management
Introduction
A study conducted by Ilieş, Crişan, and Mureşan (2010) defined the process through which
resources, skills, and processes are combined to complete a project. The core objective of project
management is to ensure effective management, planning, and organization of the available
resources to achieve the set goal. Project management plays a vital role in forecasting the
possible risks and eliminating them, completing the project within the stipulated time and
budget. The
Phases of project management
a. Project initiation
This is the first phase in project management that helps in converting ideas into a mean
actual thing. In this phase, the project team defines the project's goals, creates a business
case, completes the project charter, and defines the stakeholder's list.
b. Project planning
According to Simonette et al. (2016), planning is the vital stage that requires due diligence
since it involves laying the roadmap for the project. The second phase helps define the
project scope, creating a business plan, budget plan, and definition of the roles and
responsibilities of the parties involved in the execution of the project.
c. Project execution
The execution phase is the stage where the project team actualiz...

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