Project Management

According to the Project Management Institute Body of Knowledge (PMBOK V5), Project Management is:

“Putting into use knowledge, skills, tools, and techniques to achieve project goals”

According to Wikipedia, the free encyclopedia:

“Project management is the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals”

According to PMBOK V5, Project Management is the bringing into play and the incorporation of 47 logically grouped processes comprising five Process Groups:

  • Initiating
  • Planning
  • Executing
  • Monitoring and Controlling
  • Closing

Managing a project includes:

  • Identifying what is to be achieved
  • Addressing the various needs, concerns, and (often conflicting) expectations of the stakeholders (those with an interest or concern)
  • Balancing the competing project constraints including:
    – Scope
    – Quality
    – Schedule
    – Budget
    – Resources
    – Risk
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