1.2 What Is Project Management?

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Stakeholders

The people involved in or affected by project activities and include the project sponsor, project team, support staff, customers, users, suppliers and even opponents to the project.

Project Framework

See Image in phone

Project Mangement Process Groups

Initiating, Planning, Executing, Monitoring, Controlling, Closing

Project Management Knowledge Areas

Describe the key competencies that project managers must develop.

Project Integration Management

Overarching function that coordinates the work of all other knowledge areas. It affects and is affects by all of the knowledge areas.

Project Scope Management

Involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project successfully.

Project Time Management

Includes estimating how long it will take to complete the work, developing an acceptable project schedule given cost effective use of available resources, and ensuring timely completion of the project.

Project Cost Management

Consists of preparing the managing the budget for the project.

Project Quality Management

Ensures that the project will satisfy the stated or implied needs for which it was undertaken.

Project Human Resource Management

Is concerned with making effective use of the people involved with the project.

Project Communications Management

Involved generating, collecting, disseminating, and storing project information.

Project Rick Management

Includes identifying, analyzing, and responding to risks related to the project.

Project Procurement Management

Involves acquiring or procuring goods and services for a project from outside the performing organization.

Project Stakeholder Management

Focuses on identifying project stakeholders, understanding their needs and expectations, and engaging them appropriately throughout the project.

Project Management Tools and Techniques

Assist project managers and their teams in carrying out work in all ten knowledge areas.

Integration Management

Project election methods, project management methodologies, project charters, project management plans, project management software
, change requests
, change control boards, project review meetings, lessons-learned reports*

Scope Management

Scope statements
, work breakdown structures
, mind maps, statement of work, requirements analysis*, scope management plans, scope verification techniques, scope change control

Time Management

Gnatt charts*, project network diagrams, critical path analyses, crashing, fast tracking, schedule performance measurements

Cost Management

Net present value, return on investment, payback analyses, earned value management, project portfolio management, cost estimates, cost management plans, cost baselines

Quality Management

Quality metrics, checklists, quality control charts, Pareto diagrams, fishbone diagrams, maturity models, statistical methods

Human Resource Management

Motivation techniques, empathetic listening, responsibility assignment metrics, project organization charts, recourse histograms, team building exercises

Communication Management

Communications management plans, kickoff meetings
, conflict management, communications media selection, status and progress reports
, virtual communications, templates, project Web sites

Risk Management

Risk Management plans, risk registers, probability/impact matrices, risk rankings

Procurement Management

Make-or-buy analysis, contracts, requests for proposals or quotes, course selections, supplier evaluation matrices

Stakeholder Management

Stakeholder registers, stakeholder analysis, issue logs, interpersonal skills, reporting systems.

Project Success

The project met scope, time and cost goals. The project satisfied the customer/sponsor. The results of the project met its main objective, such as making or saving a certain amount of money, providing a good return on investment, or simply making the spon