A. INTRODUCTION TO PROJECT MANAGEMENT
WHAT IS PROJECT MANAGEMENT?
Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. Meeting or exceeding stakeholder needs and expectations invariably involves balancing competing demands among:
- Scope, time, cost, and quality.
- Stakeholders with differing needs and expectations.
- Identified requirements (needs) and unidentified requirements (expectations). The term project management is sometimes used to describe an organizational approach to the management of ongoing operations. This approach, more properly called management by projects, treats many aspects of ongoing operations as projects in order to apply project management to them. Although an understanding of project management is obviously critical to an organization
that is managing by projects.
PROJECT MANAGEMENT KNOWLEDGE AREAS
The Project Management Knowledge Areas describes project management knowledge and practice in terms of its component processes. These processes have been organized into nine knowledge
areas:-
Project Integration Management : describes the processes required to ensure that the various elements of the project are properly coordinated. It consists of project plan development, project
plan execution, and overall change control.
Project Scope Management : describes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully. It consists of
initiation, scope planning, scope definition, scope verification, and scope change control.
Project Time Management : describes the processes required to ensure timely completion of the project. It consists of activity definition, activity sequencing, activity duration estimating, schedule
development, and schedule control.
Project Cost Management : describes the processes required to ensure that the project is completed
within the approved budget. It consists of resource planning, cost estimating, cost budgeting, and cost control.
Project Quality Management : describes the processes required to ensure that the project will satisfy the needs for which it was undertaken. It consists of quality planning, quality assurance, and
quality control.
Project Human Resource Management : describes the processes required to make the most effective use of the people involved with the project. It consists of organizational planning, staff acquisition, and team development.
Project Communications Management :describes the processes required to ensure timely and appropriate generation, collection, dissemination, storage, and ultimate disposition of project
information. It consists of communications planning, information distribution, performance reporting, and administrative closure.
Project Risk Management : describes the processes concerned with identifying, analyzing, and responding to project risk. It consists of risk identification, risk quantification, risk response development, and risk response control.
Project Procurement Management : describes the processes required to acquire goods and services from outside the performing organization. It consists of procurement planning, solicitation
planning, solicitation, source selection, contract administration, and contract close-out
