Managing projects requires applying knowledge, skills, and tools and techniques to project activities in order to meet the project objectives. You do this by performing some processes at various stages of the project, as discussed in the previous chapter. That means processes are part of the knowledge required to manage projects. Each aspect of a project is managed by using the corresponding knowledge area. For example, each project has a scope that needs to be managed, and the knowledge required to manage scope is in the knowledge area called project scope management. To perform the project work within the project scope, you need human resources, which need to be managed; the knowledge used to manage human resources is called human resource management.
I guess, by now you have a fair idea of where we are getting to.
Each process belongs to one of the nine knowledge areas:
1. Scope Management
2. Time Management
3. Cost Management
4. Human Resource Management
5. Procurement Management
6. Risk Management
7. Quality Management
8. Integration Management &
9. Communication Management
Each knowledge area has its own place in the project lifecycle and they are all equally important from a project managers point of view. In practical experience you might fine one or more areas to have a greater impact on the outcome of the project, but nonetheless they are all important and play a vital role in the success or failure of a project.
Project management is a skill in which an individual develops, executes, controls, and closes a project. Training in this field is available through courses and practicing project management. A certification is available for Project Management and can be a great asset for many employees.
Correctly identify them Involve them in the planning process Assign them work Use them as experts/consultants Involve them in project buy-offs and approvals Integrate them into the team and/or team meetings Include them in the communication plan Involve them in the change management plan Consult with them about project risks Integrate them into the lessons learned process
Project management processes focus on planning, executing, and overseeing projects to ensure they meet specific goals, timelines, and budgets. These processes include defining project scope, scheduling, risk management, and stakeholder communication. In contrast, technical processes involve the actual execution of tasks related to the project's deliverables, such as coding, engineering, or quality assurance. While project management processes provide the framework for successful project execution, technical processes are concerned with the hands-on activities that produce the project's outcomes.
Project Management Work Stream involves people who are involved in the management of Projects. They are called Project Managers and their responsibilities include:Planning for a ProjectMonitoring & Controlling the Project ExecutionClosing the Project
Process management focuses on improving and optimizing recurring activities within an organization, while project management is focused on planning and executing specific projects with defined goals and timelines. Process management is more continuous and ongoing, while project management is temporary and goal-oriented. Both methodologies involve planning, organizing, and controlling resources, but they differ in their scope and focus.
Project management is a skill in which an individual develops, executes, controls, and closes a project. Training in this field is available through courses and practicing project management. A certification is available for Project Management and can be a great asset for many employees.
Project masters degree in project management is designed to meet the needs of a range of disciplines such as engineering, business, health, IT and energy in all sectors of the economy, developing critical thinking and practice in both industry specific and international approaches to project management. The school that I can recommend to those who want to be involve in project management is the ROBERT GORDON UNIVERSITY-ABERDEEN.
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
The key components of the 3/4 model for effective project management are planning, execution, monitoring, and closing. These stages involve setting goals, carrying out tasks, tracking progress, and completing the project successfully.
Correctly identify them Involve them in the planning process Assign them work Use them as experts/consultants Involve them in project buy-offs and approvals Integrate them into the team and/or team meetings Include them in the communication plan Involve them in the change management plan Consult with them about project risks Integrate them into the lessons learned process
Project managers and project management teams, project sponsors
Project management processes focus on planning, executing, and overseeing projects to ensure they meet specific goals, timelines, and budgets. These processes include defining project scope, scheduling, risk management, and stakeholder communication. In contrast, technical processes involve the actual execution of tasks related to the project's deliverables, such as coding, engineering, or quality assurance. While project management processes provide the framework for successful project execution, technical processes are concerned with the hands-on activities that produce the project's outcomes.
Project Management Work Stream involves people who are involved in the management of Projects. They are called Project Managers and their responsibilities include:Planning for a ProjectMonitoring & Controlling the Project ExecutionClosing the Project
Process management focuses on improving and optimizing recurring activities within an organization, while project management is focused on planning and executing specific projects with defined goals and timelines. Process management is more continuous and ongoing, while project management is temporary and goal-oriented. Both methodologies involve planning, organizing, and controlling resources, but they differ in their scope and focus.
how to implement project in banking management?
A Guide to the Project Management Body of Knowledge is a book by Project Management Institute. The book talks about knowledge in the project management profession.
If I had to guess I think operations and supply management would NOT involve Portfolio Management