Body of Knowledge 14 10 Project Management Project Management is widely regarded as the most efficient way of introducing unique change. 0000026395 00000 n These are referred to as Initiating, Planning, Executing, Monitoring and Controlling, and Closing. The big activity in this knowledge area is preparing your budget which includes working out how much each task is going to cost and then determining your project’s overall budget forecast. The first version of the PMBOK was published in 1987, the second version in 1996, the third version in 2004, the fourth in 2008, and the fifth in 2013. Scope management is all about making sure that everyone is clear about what the project is for and what it includes. 0000000016 00000 n 0000030141 00000 n They cover each of the 47 project management processes. Project time management isn’t about being personally more effective. Here Are Some Training Options for Project Managers to Improve Skillls, Project Governance 101: Everything You Need to Know, Important Skills for Information Technology (IT) Jobs, Anwsering Interview Questions About Strengths and Job Performance. <<71762FE2B393434E81CE647775D5771D>]>> The first step in project risk management is planning your risk management work, and then you quickly move on to identifying risks and understanding how to assess risks on your project. 0000008319 00000 n 0000029381 00000 n Skip this section of the book and come back to it later! This knowledge area helps you understand the activities in the project, the sequence of those activities, and how long they are going to take. As the PMBOK includes dynamic, integrative processes that are in constant evolution as practice grows and changes,  the PMBOK is updated on a frequent basis. This guide is used by countless people worldwide and is something that any aspiring project manager should understand thoroughly. The Project Management Institute has established a guide known as the Project Management Body of Knowledge (PMBOK) to identify global standards for the practice of project management. It relates to how you manage the time people are spending on their project tasks, and how long the project takes overall. This knowledge area supports all your procurement and supplier work from planning what you need to buy, to going through the tendering and purchasing process to managing the work of the supplier and closing the contract when the project is finished. 0000026667 00000 n %PDF-1.3 %���� Simply explained by a PMI-certified Project Manager. 261 0 obj <> endobj Over the years, business has changed considerably, but projects remain critical drivers of business success. 0000028902 00000 n In fact, it is rather hard to read since it is simply a description of the processes . There is a lot of detail in this knowledge area, specifically around how you perform quantitative and qualitative risk assessments. The Project Management Body of Knowledge (PMBOK) is a publication of the Project Management Institute (PMI). What Is the Project Management Institute (PMI)? Of course, it covers tracking the project’s expenditure against that budget and making sure that you are still on track not to overspend. is a cloud-based project management software with real-time dashboards and Gantt charts to monitor the project accurately throughout its many phases. 0000030044 00000 n %%EOF This has strong links to the work of financial tracking on your project and also to performance management. The scope is the way to define what your project will deliver. I think we'll see this area develop further in the next edition of the standard. This takes you through the journey of identifying stakeholders, understanding their role and needs in the project and ensuring that you can deliver those. 0000002194 00000 n The process groups are horizontal, and the knowledge areas are vertical. 0000002563 00000 n 0000024477 00000 n Given that a project manager’s job is often said to be about 80% communication, this is another small knowledge area. However, the PMBOK is not a project management training book. 0000002017 00000 n This article provides a high-level view of each of these areas in relation to what you need to know and do as a project manager. The PMBOK describes the entire quantity of theory and learning that encompasses the practice of project management, including formal written frameworks of practice as well as previously informal and unwritten knowledge.There are five process groups (or steps) and nine knowledge areas in project management. 0000028617 00000 n Members of the PMI can download a digital copy of the PMBOK for free. By using The Balance Careers, you accept our. Every process in a project management plan becomes interrelated to at least one knowledge area and one process group. Please feel free to check my certification status or to learn more about me. There are 10 project management knowledge areas covered by the PMBOK® Guide. Difference between Project Management and Program Management, check my certification status or to learn more about me.

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