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There are 6 ways to treat risks they are Avoid, Accept, Mitigate, Transfer, Share, and Prepare for the business continuity. Communications Management - Communications plans, kickoff meetings, conflict resolution, communications media selection, status and progress reports, virtual communications, templates, and project web sites. Proficiency in each of these areas can make the difference between a smoothly run project … Project quality management is quite a small knowledge area, as it only covers three processes. At the end of the project closure, the resources are released from the project for other projects. According to PMBOK 5th edition, these processes have been grouped into 10 knowledge areas: 1) Project Integration Management 2) Project Scope Management 3) Project Time Management 4) Project Cost Management 5) Project … These processes, together, accomplish proven project management functions and drive project success. These project management knowledge areas bring the project to life and ensure that the project meets its objectives. Project Scope Management 3. 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. 2 of the knowledge areas are renamed: Time management will be renamed to Schedule Management - this change will place an emphasis the importance of scheduling in project management. These aspects such as scope of the project, given time frame, project cost, risk, quality, communication, procurement and human resources are termed as project management knowledge areas in PMBOK® Guide. To learn more about the key knowledge areas do the project management professional certification. The knowledge areas are defined in relation to the project … Here’s a breakdown of the 10 knowledge areas of project management to ease the process. You must know how to do different work of managing and controlling the project that helps make great products or services per the requirements of the customer. The 5 th edition of the PMBOK™ (Project Management Body of Knowledge) identifies ten (10) knowledge areas that help a project or engineering manager ensure that all aspects of a project are covered. There are various tools such as Design for Six Sigma and six sigma methodologies to control the products or services of the project. Scope Management - scope statements, work breakdown structures, mind maps, statements of work, requirements analyses, scope management plans, scope verification techniques, and scope change controls. Project Management rules are governed by Project Management Body of Knowledge called PMBOK which is currently in its 6 th edition. 8. ” In fact, all project management processes contained in the PMBOK are divided into 10 areas… Project Quality Management 6. The PMBOK 10 knowledge areas of project management are explained in detail in this article. As a project … Resource  - Assets such as equipment, computer, software, machinery, and people can be managed by critical chain management tools, PERT, and other tools such as the Gantt chart. PMBOK 6 Knowledge Areas. The schedule shows the start time and finishes time for the project completion and all the activities. For example, a company launching a new inventory system … Risk - Risk is nothing but the uncertainty in the projects. The residual risks must be managed and communicated by the project manager, this is the risk leftover after the risks are treated. The project management knowledge areas are the 10 areas for effectively and efficiently managing the projects recommended by PMI in the PMBOK that is for the PMP certification. Quality Management - Quality metrics, checklists, quality control charts, Pareto diagrams, fishbone diagrams, maturity models, and statistical models. These are done by a different team of people and must be integrated to form large products or services in the end. This is one of the areas where the tasks, activities are integrated into large and complex deliverables. In her book "Information Technology Project Management", she describes each of the nine knowledge areas and identifies some of the tools and techniques used in each area. 5. Procurement - Upon approval from the project owner the PM procures the asset, equipment, software, and computers required for the project. Project Procurement Management is the PMP Knowledge Area which helps in procuring goods and services from outsider vendors. The Project Time Management knowledge area also has five processes: Activity Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development, and Schedule … Scope includes collating all the information required to begin a project and … 10. 7. Practicing knowledge management enables organizations to not only capture the lessons they have learned from managing projects but also mature their competencies via information sharing and knowledge generation. 2. The project manager must be well trained in these methodologies to produce a quality product. Communications - This is the key area in the management. Time Management - Gantt charts, project network diagrams, critical-path analyses, crashing, fast tracking, schedule performance measurements. Manage the project scopeManage the project time … The Project Management Body of Knowledge (PMBOK), produced by the Project Management Institute, is the gold standard for the project management profession. The main purpose of the integration management PMBOK knowledge area processes is the execution and delivery of the project work end-to-end successfully. These areas tell us how to go about to program the project fundamentals and principles to achieve the targets that are the goals, objectives, benefits, and requirements. Quality - If any 3 constraints such as cost, time, and scope are impacted then it will have a direct impact on the quality of the product. Risk Management - Risk management plans, risk registers, probability/impact matrices, and risk rankings. This paper reflects on the application of the nine knowledge areas of Project Management. These can be managed by calculating the expected time from the formula using optimistic time, pessimistic time, and most likely time. To begin this new series, I want to reference Kathy Schwalbe, Ph.D, PMP, and professor at Augsburg College in Minneapolis, Minnesota. Stakeholder - Nowadays the PM is entrusted with the additional responsibility to engage with the various stakeholders including the customer. 6. 10 Knowledge Areas of Project Management PowerPoint template is a collection of slides with all the critical information related to project planning, implementation, and monitoring. In the Project Management Body of Knowledge (PMBOK) the process groups are the chronological phases that the project goes through, and the knowledge areas occur throughout any time during the process groups. The overarching piece of our matrix are the Knowledge Areas. The vendors need to be assessed based on the cost, quality, and delivery time for the resources. This knowledge area is concerned with estimating the duration of the project plan activities, devising a project schedule, and monitoring and controlling deviations from the schedule. 3. … 9. Since scope changes are one of the top causes of project changes and grief in general, it is very important that the boundaries of the project be well defined from the outset and monitored rigorously. 10 Knowledge Areas. Here is a high level review of the BABOK Knowledge Areas, plus brief discussion of commonalities with Knowledge Areas of the PMBOK Guide. Scope 1.1. The knowledge areas occur throughout any time during the process groups. Keep Learning!!! For example, if you are developing a software or an application then their activities such as build, code, deploy, testing, and prod these forms 3 main areas such as development, testing, and production. Those are the historical aspects that each plan works over. 1.1.2. Managing risk in a project is essential to ensure potential scenarios of issues … This knowledge area deals with defining the project scope, project requirement scope, project work, making the work breakdown structure, making the scope baselines and managing the scope of the project. Processes and tasks are grouped into common areas. The PMBOK describes nine knowledge areas or categories of the project management discipline. Each one is defined by a set of processes, inputs, outputs, tools and techniques.The 10 knowledge areas will be used most of the time across any project… 6. The risk log is where the risks of projects are identified and the risk register is the place where the risks are assessed, treated, and monitored. Scope  - This is the first step and starts with the development of a project charter and planning. Any change to time will negatively impact the other two. As a project manager prepares to start a new project, the project charter, project scope, and high-level milestones and tasks are developed. !. Car accidents are no fun, but if it … Procurement Management - Make-or-buy analyses, contracts, request for proposals or quotes, source selections, supplier evaluation matrices. Project managers need to manage a lot of moving parts. Customer engagement is the key thing with having weekly calls to the customer about updating the progress and get direction from the customer on his project. Otherwise it may produce goods or services which are out of scope and may be rejected by the customer. Projects are divided into components, and a project manager must be knowledgeable in each area. StarAgile is a partner firm for the PMI to conduct PMP online training. To register for the PMP online training visit StarAgile’s website. These knowledge areas include: 1. These ten project management knowledge areas provide a direction to organize and classify the knowledge and skills required in a particular specialty in project management. A Guide to the Project Management ody of Knowledge… Expert Judgement: technical and project management expertise, degree of rigour and tailoring. These knowledge areas include: 1. Project Management Knowledge Areas In addition to the Project Process Groups, the PMI has defined 10 Project Knowledge Areas. PMBOK project management knowledge areas sort 49 project processes into logical groups, facilitating their selection for a project. Copyright © 2019 StarAgile.com. 8. 7. What are the PMI Knowledge Areas? To learn the various tools enroll in PMP training with StarAgile. PMP recommends the use of the risk register to identify, assess, treat, communicate, and report risks in the projects. Understanding and applying all nine will make you irreplaceable. The first step in handling information is to establish “storage locations.” The Prepare process sets up the project information infrastructure. They cover each of the 47 project management processes. The PERT tool help in managing the times with the help of buffers such as project buffer, resource buffer, and feeding buffers. Have you been curious about what are the areas required to handle complex projects at work? ; Human Resource management will be renaming to Resource Management - this change will also place a boarder perspective on all resources that a project will need; for … The knowledge areas of project management describe project management practices and knowledge in term of its inherent processes. This is one point where you can plan the ways of keeping the project within the established boundaries. According to it, … These are the ten project Management knowledge area. 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