Access over 20 million homework & study documents

Project management knowledge areas

Content type
User Generated
School
College
Rating
Showing Page:
1/4
Chapter 5
Project Management Knowledge Areas
1. Effective project management requires planning, communication, and task management.
2. The project management knowledge areas are essentially what you need to know about
effective project management.
i. Project Integration management
ii. Project Scope Management
iii. Project Time Management
iv. Project Cost Management
v. Project Quality Management
vi. Project Resource Management
vii. Project Communication Management
viii. Project Risk Management
ix. Project Procurement Management
x. Project Stakeholders Management
Project Management Group Process
It includes the following process:
i. Initiating phase
The initiating phase of the project life cycle consists of just two separate processes: the project
charter and stakeholder register. The point of this phase is to determine the vision for your
project, document what you hope to accomplish, and secure approvals from a sanctioning
stakeholder.
ii. Planning phase
The planning phase process group is where you build the project infrastructure that will enable
you to achieve your goal within your predetermined time and budget constraints, starting with a
project management plan, project scope, work breakdown structure and moreand wrapping up
with qualitative and quantitative risk analyses and risk responses. This is your detailed
roadmapyour blueprint for success. When you reach the end of this phase of the life cycle,
everyone on your team will not only understand the vision of the project, they’ll also understand
precisely what they need to do to reach the finish line on time and within budget.

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/4
Chapter 5
iii. Executing phase
The executing phase is where the rubber hits the roadwhere most of the budget is allocated and
most of the project deliverables are produced. You take your project plan and put it into action,
whether that takes weeks, months, or even years. The goal of this phase is as, “managing teams
effectively while obtaining timeline expectations and reaching to target goals.” The executing
phase often includes team development, stakeholder engagement, and quality assurance
activities, either on a formal or informal basis.
iv. Monitoring and controlling phase
The monitoring and controlling phase involves keeping an eye on the actual progress of the
project against your plan and taking corrective action where necessary. No amount of perfect
planning will exempt you from the need to be constantly vigilant with tracking and reporting.
You know what they say about the best-laid plans, after all.
v. Closing phase
The closing phase is the final phase of the project life cycle includes just one solitary process,
and it’s more than simply checking off the project as done. It’s essential to formally close the
project and secure a sign-off or approval from the customer, stakeholders, and/or project sponsor.
This process might include:
Project Charter:
A project charter is a formal, typically short document that describes your project in its entirety
including what the objectives are, how it will be carried out, and who the stakeholders are. It
is a crucial component in planning the project because it is used throughout the project lifecycle.
The project charter typically documents:
i. Reasons for the project ii. Objectives and constraints of the project
iii. The main stakeholders iv. Risks identified
v. Benefits of the project vi. General overview of the budget
Statement of Work in Project Management
1. A Statement of Work (SOW) is a formal document that defines the entire scope of work
involved for a vendor and clarifies deliverables, costs, and timeline.\

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/4

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 4 pages?
Access Now
Unformatted Attachment Preview
Chapter 5 Project Management Knowledge Areas 1. Effective project management requires planning, communication, and task management. 2. The project management knowledge areas are essentially what you need to know about effective project management. i. Project Integration management ii. Project Scope Management iii. Project Time Management iv. Project Cost Management v. Project Quality Management vi. Project Resource Management vii. Project Communication Management viii. Project Risk Management ix. Project Procurement Management x. Project Stakeholders Management Project Management Group Process It includes the following process: i. Initiating phase The initiating phase of the project life cycle consists of just two separate processes: the project charter and stakeholder register. The point of this phase is to determine the vision for your project, document what you hope to accomplish, and secure approvals from a sanctioning stakeholder. ii. Planning phase The planning phase process group is where you build the project infrastructure that will enable you to achieve your goal within your predetermined time and budget constraints, starting with a project manage ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4