Pmbok Summary

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Enterprise resources management (ERM) system. A system that contains all of the processes of human resource management, decision support applications, distribution, maintenance support, quality and regulatory control, and health and safety compliance into a single system (Wallace, 1985).
Information technology (IT). A term that relates to the use of hardware and software for purposes of transmitting and receiving information (Wideman, 2002).
Project Management Body of Knowledge (PMBOK). An inclusive term that describes the sum of best practices of project management knowledge within the profession of project management. The PMBOK is a body of knowledge was developed by practitioners and subject matter experts (Guide, 2013).
Project Management
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There were six participants from two companies in the study. The data collection was gathered through a document review, project analysis, professional experience, and qualitative survey for this qualitative study. The results indicated that external influence from stakeholders, the project manager that is selected, the scope planning, schedule planning, and budget planning are factors critical to promoting project success and failure. In addition, it found that stakeholders often have conflict-based relationships with project managers, and it should not be it should be a partnership. The limitations of the study were the small number of participants available to the survey, and the limited information sources for analysis. Future work should focus on validating the critical success factors and seeing how it affects small and large projects, locally and globally, in both the civilian and Government …show more content…
The purpose of this study was to propose a process called stakeholder valuing (SV) which would examine how to account for the financial value stakeholders bring to companies. The Boeing company was selected as the participant of the study. Data was collected by reviewing archival data form Boeing’s 2012 and 2013 Consolidated Statement of Financial Positions. The results indicated that Boeing does a good job of identifying stakeholders because their stakeholders actually bring value to the company’s bottom line 0.6% or 579 million dollars. The limitation of the study is that only one company was studied. Future work should focus on companies that share the same industry(ies) as Boeing; and research should be done to develop a comprehensive valuing process that consistently provides relevant, verifiable data for external reporting purposes. In addition, future work should give guidance as to how to define

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