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 can be managed by calculating the expected time from the formula using optimistic time, pessimistic time, and most likely time. The PMBOK divides the knowledge into Project Management Knowledge Areas, an approach that considers work as if it were being accomplished by processes. Car accidents are no fun, but if it â¦ The PM must be good at managing and controlling these constraints. The project manager must ensure that all the features and functionality are available as described by the customer to maintain quality. 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. The Nine Project Management Knowledge Areas The PMBOK describes nine knowledge areas or categories of the project management discipline. So we have to understand the 5 Process Group, 10 Knowl;edge Area and 49 Processes is very important instead of Memorizing â¦ Cost Management - Net present value, return on investment, payback analyses, earned value management, project portfolio management, cost estimates, managing cost plans, and cost baselines. Copyright © 2019 StarAgile.com. The 10 knowledge areas (according to PMI BoK6 2017) are: Project â¦ Each Knowledge Area is made up of a set of processes, each with inputs, tools and techniques, and outputs. To make it easier for people to understand project management, all PMBoK knowledge areas are classified into nine categories by PMBOK Guide.It is one of the most comprehensive model documents for project managers. Integration Management - project selection methods and methodologies, stakeholder analyses, charters, project management plans, project management â¦ The knowledge areas of project management describe project management practices and knowledge in term of its inherent processes. 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. Project Procurement Management is the PMP Knowledge Area which helps in procuring goods and services from outsider vendors. The 5 th edition of the PMBOKâ¢ (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. This entirely editable â¦ Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Expert Judgement: technical and project management expertise, degree of rigour and tailoring. 8. For reference purposes, here are the 10 Knowledge Areas of the PMBOK Guide: Project Integration Management Risk Management. What are the PMI Knowledge Areas? 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. 5. 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. The project manager must be well trained in these methodologies to produce a quality product. Procurement - Upon approval from the project owner the PM procures the asset, equipment, software, and computers required for the project. Scope includes collating all the information required to begin a project and â¦ Learn about the 10 project management knowledge areas and how you can use them as a project manager. How can a PM master pmbok knowledge areas. Scope management. These knowledge areas include: 1. 4. These are the ten project Management knowledge area. 2. 9. Scope - This is the first step and starts with the development of a project charter and planning. Gaining expertise in any one of â¦ In this process, a project charter is â¦ An area of knowledge is, according to PMBOK (Project Management Body of Knowledge), âan identified area of project management defined by its knowledge requirements and described in terms of its processes, practices, initial data, results, tools and techniques that compose them. â¦ It is necessary to manage the cost within the budget so that the benefits of the work reach the project sponsor or the organization. The schedule shows the start time and finishes time for the project completion and all the activities. Project Management Knowledge Areas. Scope Management - scope statements, work breakdown structures, mind maps, statements of work, requirements analyses, scope management plans, scope verification techniques, and scope change controls. The stakeholders consist of the project sponsor, project teams, top management, and customer. 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. The solution will further explain why and the impact of thise knowledge areas Any changes to the scope will impact the quality, cost, and timelines. Stakeholder - Nowadays the PM is entrusted with the additional responsibility to engage with the various stakeholders including the customer. The PM is the key resource responsible for the communication within the project teams, project sponsor, top management, and the customer. â¦ Integration Management - project selection methods and methodologies, stakeholder analyses, charters, project management plans, project management software, change requests, change control boards, review meetings, and lessons-learned reports. Communications Management - Communications plans, kickoff meetings, conflict resolution, communications media selection, status and progress reports, virtual communications, templates, and project web sites. There are 6 ways to treat risks they are Avoid, Accept, Mitigate, Transfer, Share, and Prepare for the business continuity. The three most important knowledge areas recognized by PMBOK with regards to my trade show project are: Project Scope Management, Project Time Management and Project Cost Management. Project management knowledge areas agreed by the method groups: plan introduction, program preparation, project accomplishment, supervising and administering, and concluding. Project Management Knowledge Areas. 8. 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 projectâ¦ Project Integration Management: This knowledge area tells you how to bind all processes of project management to achieve project objective. This is, of course, the work of the project manager but if you aspire to become a PM then you must learn these topics. StarAgile is a partner firm for the PMI to conduct PMP online training. Time Management - Gantt charts, project network diagrams, critical-path analyses, crashing, fast tracking, schedule performance measurements. !. This knowledge area involves the project scope, that is, the work that is included within the project. The PMBOK describes nine knowledge areas or categories of the project management discipline. The credibility and effectiveness of the organization are impacted if the cost is not managed properly. â¦ Any change to time will negatively impact the other two. There are 10 project management knowledge areas covered by the PMBOK® Guide. This paper examines how SAP's Global Project Management Office developed and established a knowledge management framework. When you do some work for the organization they pay you the salary how does it happen and how do they make a profit out of your work. Project Integration Management. Gaining expertise in any one of these knowledge areas can help you become a rock star in your organization. Project Management Plan: the overarching document which defines key aspects of the project and explains how the project will be managed. Therefore, the deliverable quality level should be defined at the stage of project planning and a project manager should specify it in the overall project management â¦ These are done by a different team of people and must be integrated to form large products or services in the end. 1.1.1. 1. Project Quality Management 6. The PM must have to engage with all the key resources in the team and allocate tasks and activities. Project management has evolved from few simple principles to a wide subject with many complex concepts. You need to think about the key areas that go into executing a project. There are different types of costs such as operations cost, cost of the assets and cost of resources, etc. Cost - Cost is one of the triple constraints along with scope and time any changes to the cost will impact the other variables. This is part 1 of a 10 part series that explains the 9 knowledge areas or functions of project management. Project Start-Up and Integration. An identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques. Project Quality Management heavily depends on Project Time and Project Cost knowledge areas. The number of processes you choose depends on the individual characteristics of each project. Manage the project scopeManage the project time â¦ 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. Project managers need to manage a lot of moving parts. The scope by definition is the boundaries of the project concerning the customer requirements namely functional requirements, features of the products or services, the timelines and quality, etc. Knowledge in term of its inherent processes risk leftover after the risks are treated the. 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