The Project Management Institute (PMI) is a professional membership association that is dedicated to the project, program and portfolio management profession. The Project Management Institute has put together the Project Management Body of Knowledge (PMBOK). Within the PMBOK are global standards for project management summarized in a formalized guide. The PMBOK includes the 10 knowledge areas of project management that are used on most projects. These 10 areas are:
1. Project Integration Management
2. Project Scope Management
3. Project Time Management
4. Project Cost Management
5. Project Quality Management
6. Project Human Resource Management
7. Project Communications Management
8. Project Risk …show more content…
This is done through a thorough analysis of the project, all aspects it includes and does not include, and what to expect. By developing a work breakdown structure, as well as eliminating extra work not required to meet the project’s goal, the scope is clearly set for everyone. There are 3 processes for this, which are the planning process, the controlling and monitoring process, and the closing process.
Project Time Management
Project time management includes the defined tasks, deadlines, and time estimates of completion needed in order to assure the project is completed in a timely manner. This entails illustrations of how project tasks will be assigned and completed, tracking and reporting the progress of work, as well as an audit of time targets. Project schedules are prepared within project time management.
Project Cost Management
Project cost management focuses on the financial aspect and costs of the project. This includes preparing the budget, which is completed by determining how much each task will cost, as well as the cost of the overall project. Costs for materials, facilities, equipment, and human resources are all included in the …show more content…
People equipped with different talents, knowledge, and expertise can be utilized for different portions of the project. In order to determine who will be responsible for these different portions, management must first identify all the project roles. Project human resource management also includes training people to give them the skills they need, as well as keeping them motivated.
Project Communications Management
Project communications management involves planning, managing, and controlling all the project communications by creating a communications plan and following this throughout the course of the project. All incoming and outgoing communications will be handled under project communications management. These include status updates, reports, minutes of meetings, and much more. The communication plan will outline these details with a timeline expected communications. Communications can be sent out either by E-mail, Phone, Fax, Internet, or Instant Messaging.
Project Risk