In a world where businesses must adapt and innovate to stay competitive, having a solid foundation in project management is more important than ever. It's the key to delivering projects that drive growth, create value, and achieve strategic goals. Let's explore the essence of Project Management Foundations. 🏗️
The process of directing and managing project work involves performing the work defined in the project management plan to achieve the project's objectives. The project manager directs the performance of planned project activities by using tools like expert judgment, a project management information system, and meetings. This provides overall management of the project work. Key inputs include the project management plan, approved change requests, and organizational factors. The main output is deliverables, along with work performance data, change requests, and project document updates.
The document outlines 20 steps for developing a project management plan. It discusses that the plan sets the rules for implementing, controlling, and monitoring a project. The plan is developed during the planning phase and integrates all the knowledge areas defined by PMI. It may also include the project life cycle, change management plan, configuration management plan, and methods for maintaining the project baseline. The document then presents a process map for developing the project management plan starting from the project charter. It also provides an overview of the 47 processes defined by PMI, grouped by knowledge areas and process groups.
Before commencement of any project, the first thing that we need to do is project planning. Any reasonable project manager* certainly understands importance of planning a project well. Carefully planned project takes into account necessary aspects of a project (e.g. tasks, milestone, schedule,risks, communication, quality, etc.) and provide a plan which project team can refer during execution.
The document discusses the key aspects of project communications management based on the Project Management Body of Knowledge (PMBOK). It covers the three main processes: (1) plan communications management which involves developing an appropriate communications plan based on stakeholder needs, (2) manage communications which is creating, distributing and storing project information per the plan, and (3) control communications which monitors communications to ensure stakeholder needs are met. It provides details on various communication types, barriers, and tools used in project communications management.
Project integration management involves coordinating all project management activities to ensure successful project completion. It includes six key processes: developing the project charter; creating a project management plan; directing and managing project execution; monitoring and controlling work; performing integrated change control; and closing the project. Effective project integration ensures all elements work together at the right times. Modern tools like cloud computing help with information sharing and project integration management.
The process of directing and managing project work involves performing the work defined in the project management plan to achieve the project's objectives. The project manager directs the performance of planned project activities by using tools like expert judgment, a project management information system, and meetings. This provides overall management of the project work. Key inputs include the project management plan, approved change requests, and organizational factors. The main output is deliverables, along with work performance data, change requests, and project document updates.
The document outlines 20 steps for developing a project management plan. It discusses that the plan sets the rules for implementing, controlling, and monitoring a project. The plan is developed during the planning phase and integrates all the knowledge areas defined by PMI. It may also include the project life cycle, change management plan, configuration management plan, and methods for maintaining the project baseline. The document then presents a process map for developing the project management plan starting from the project charter. It also provides an overview of the 47 processes defined by PMI, grouped by knowledge areas and process groups.
Before commencement of any project, the first thing that we need to do is project planning. Any reasonable project manager* certainly understands importance of planning a project well. Carefully planned project takes into account necessary aspects of a project (e.g. tasks, milestone, schedule,risks, communication, quality, etc.) and provide a plan which project team can refer during execution.
The document discusses the key aspects of project communications management based on the Project Management Body of Knowledge (PMBOK). It covers the three main processes: (1) plan communications management which involves developing an appropriate communications plan based on stakeholder needs, (2) manage communications which is creating, distributing and storing project information per the plan, and (3) control communications which monitors communications to ensure stakeholder needs are met. It provides details on various communication types, barriers, and tools used in project communications management.
Project integration management involves coordinating all project management activities to ensure successful project completion. It includes six key processes: developing the project charter; creating a project management plan; directing and managing project execution; monitoring and controlling work; performing integrated change control; and closing the project. Effective project integration ensures all elements work together at the right times. Modern tools like cloud computing help with information sharing and project integration management.
Understand what projects are and how they differ from ongoing operations
Define and explain several key terms; Project, Project Management, Software Project Management
Understand Organization structures
Understand Project Management Processes
Understand Project Life Cycle
PMP Chap 2- Org. Influence and Project Life CycleAnand Bobade
The document discusses different organizational structures that can influence project management. It describes functional, projectized, and matrix structures. In a functional structure, departments are grouped by specialty and execute their own projects, but project managers have little authority. A projectized structure dedicates resources solely to projects and gives project managers full control. Matrix structures combine functional and project aspects, and can be strong (project-dominant), weak (functional-dominant), or balanced. The document emphasizes that understanding an organization's structure helps a project manager effectively navigate authority, communication, and resource allocation.
The document defines terms related to project management processes and techniques from the PMBOK® Guide 2004. It provides definitions for over 50 terms, including processes, tools, techniques, and other concepts relevant to project management based on the PMBOK® Guide.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/pmp-exam-preparation--200-questions-3196
DOCUMENT DESCRIPTION
200 PMP questions and answers.
PMP exam very very similar questions.
You can increase your chance to pass the exam with seeing very similar questions.
You can use this document for PMP problem solving sessions, PMP preperation classes or to pass PMP.
Project stakeholder management involves identifying stakeholders, analyzing their needs and impact, and developing engagement strategies. It includes four processes: identify stakeholders; plan stakeholder management; manage stakeholder engagement through communication, addressing issues, and fostering involvement; and control engagement by monitoring relationships and adjusting strategies. Effective stakeholder management is critical to project success.
The document discusses key concepts for project management including work breakdown structures (WBS), organizational breakdown structures (OBS), responsibility assignment matrices (RAM), project schedules, critical paths, variance tracking, and earned value management. It provides examples and explanations of how these tools are used to plan, organize, assign responsibilities, track progress, and measure performance for software projects.
Contents are sourced from different authors including PMBOK 5th Edition.
This is provided for free as part of our Continuing Practice in Project Management Professional Certification. You may download, share but please refrain from commercializing it or altering parts. Thanks.
For more on Innovations and Project Management, please visit www.facebook.com/SigmaProcessExcellence
Fast tracking involves performing project activities or phases in parallel rather than sequentially to compress the schedule, but it risks missing details and team member burnout without thorough analysis. Crashing uses additional resources like overtime, hiring, or outsourcing to shorten schedule duration at the least incremental cost at a critical path. The key difference is that fast tracking overlaps tasks while crashing adds resources. Both aim to accelerate project completion when the deadline is near or the start was delayed.
This document summarizes key topics from Chapter 5 of the textbook "Information Technology Project Management, Seventh Edition" related to project scope management. It discusses the importance of defining and managing project scope, as well as processes for planning scope management, collecting requirements, creating a work breakdown structure (WBS), validating scope, and controlling changes to scope. Specific techniques are also presented, such as using a requirements traceability matrix, developing a scope statement and WBS dictionary, and leveraging software tools to assist with scope management tasks.
The triple constraint is sometimes referred to as the project management triangle or the iron triangle. In the typical triangular model, scope, schedule and cost are constraints that form the sides of the triangle, with quality as the central theme. (An alternative to the triangle, the project management diamond, adds quality as the fourth side of the model and changes the central theme to customer expectations.)
The document discusses definitions of projects and project management from PRINCE2 and PMBOK. PRINCE2 defines a project as "a temporary organisation that is created for the purposes of delivering one or more business products" while PMBOK defines it as "a temporary endeavour undertaken to create a unique product, service or result." It also provides characteristics of projects and highlights key aspects of project management based on definitions from PRINCE2 and PMBOK.
Lecture 05:Advanced Project Management PM Processes and FrameworkFida Karim 🇵🇰
Advanced Project Management PM Processes and Framework,
comprising a set of interrelated processes and tools, ranging from simple to complex, and is based on the accepted principles of management used for planning, estimating and controlling work activities with a view to developing specifically defined outputs that are to be delivered by a certain time, to a defined quality standard and with a given level of resources so that the project goal and outcomes/benefits are realized.
Effective project management is essential for the success of any project – whether in the private or public sectors – and irrespective of its category, size and complexity.
Background of the Course & Inauguration
- Overview of the Course
- Syllabus of the Course
- Exam Content Outline (ECO) - 2021
- Mapping of PMBOK 6 with PMBOK 7
- PMP® Exam Content Crossover Map v1
- Application Procedure
- About PMP Exam
The document discusses various topics related to project management fundamentals including project cash flow, time value of money, project selection criteria, project scheduling, critical path method (CPM), Gantt charts, and staffing & rescheduling. It provides definitions and explanations of key concepts such as cost types, discount rates, numeric and non-numeric selection models, precedence relationships, critical paths, slack times, and resource smoothing. Examples are given to illustrate how to construct Gantt charts from CPM/PERT analysis and optimize schedules through staff reallocation.
The document provides an overview of key project management concepts including:
- Defining a project, program, and portfolio
- The role of project, program, and portfolio management
- Organizational structures like functional, projectized, and matrix
- Managing stakeholders and constraints
- The relationship between project and product life cycles
- The purpose and roles of a Project Management Office
This document provides an overview of project management. It defines a project as a temporary set of activities undertaken to achieve unique objectives within defined cost and time parameters. Key aspects of projects include their unique purpose, temporary nature, use of various resources, and involvement of uncertainty. The document distinguishes projects from operations and programs/portfolios. It also outlines the triple constraints of quality, cost, and time that define projects. Additionally, it describes different types of project products and components of project management based on the Project Management Body of Knowledge (PMBOK).
Understand what projects are and how they differ from ongoing operations
Define and explain several key terms; Project, Project Management, Software Project Management
Understand Organization structures
Understand Project Management Processes
Understand Project Life Cycle
PMP Chap 2- Org. Influence and Project Life CycleAnand Bobade
The document discusses different organizational structures that can influence project management. It describes functional, projectized, and matrix structures. In a functional structure, departments are grouped by specialty and execute their own projects, but project managers have little authority. A projectized structure dedicates resources solely to projects and gives project managers full control. Matrix structures combine functional and project aspects, and can be strong (project-dominant), weak (functional-dominant), or balanced. The document emphasizes that understanding an organization's structure helps a project manager effectively navigate authority, communication, and resource allocation.
The document defines terms related to project management processes and techniques from the PMBOK® Guide 2004. It provides definitions for over 50 terms, including processes, tools, techniques, and other concepts relevant to project management based on the PMBOK® Guide.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/pmp-exam-preparation--200-questions-3196
DOCUMENT DESCRIPTION
200 PMP questions and answers.
PMP exam very very similar questions.
You can increase your chance to pass the exam with seeing very similar questions.
You can use this document for PMP problem solving sessions, PMP preperation classes or to pass PMP.
Project stakeholder management involves identifying stakeholders, analyzing their needs and impact, and developing engagement strategies. It includes four processes: identify stakeholders; plan stakeholder management; manage stakeholder engagement through communication, addressing issues, and fostering involvement; and control engagement by monitoring relationships and adjusting strategies. Effective stakeholder management is critical to project success.
The document discusses key concepts for project management including work breakdown structures (WBS), organizational breakdown structures (OBS), responsibility assignment matrices (RAM), project schedules, critical paths, variance tracking, and earned value management. It provides examples and explanations of how these tools are used to plan, organize, assign responsibilities, track progress, and measure performance for software projects.
Contents are sourced from different authors including PMBOK 5th Edition.
This is provided for free as part of our Continuing Practice in Project Management Professional Certification. You may download, share but please refrain from commercializing it or altering parts. Thanks.
For more on Innovations and Project Management, please visit www.facebook.com/SigmaProcessExcellence
Fast tracking involves performing project activities or phases in parallel rather than sequentially to compress the schedule, but it risks missing details and team member burnout without thorough analysis. Crashing uses additional resources like overtime, hiring, or outsourcing to shorten schedule duration at the least incremental cost at a critical path. The key difference is that fast tracking overlaps tasks while crashing adds resources. Both aim to accelerate project completion when the deadline is near or the start was delayed.
This document summarizes key topics from Chapter 5 of the textbook "Information Technology Project Management, Seventh Edition" related to project scope management. It discusses the importance of defining and managing project scope, as well as processes for planning scope management, collecting requirements, creating a work breakdown structure (WBS), validating scope, and controlling changes to scope. Specific techniques are also presented, such as using a requirements traceability matrix, developing a scope statement and WBS dictionary, and leveraging software tools to assist with scope management tasks.
The triple constraint is sometimes referred to as the project management triangle or the iron triangle. In the typical triangular model, scope, schedule and cost are constraints that form the sides of the triangle, with quality as the central theme. (An alternative to the triangle, the project management diamond, adds quality as the fourth side of the model and changes the central theme to customer expectations.)
The document discusses definitions of projects and project management from PRINCE2 and PMBOK. PRINCE2 defines a project as "a temporary organisation that is created for the purposes of delivering one or more business products" while PMBOK defines it as "a temporary endeavour undertaken to create a unique product, service or result." It also provides characteristics of projects and highlights key aspects of project management based on definitions from PRINCE2 and PMBOK.
Lecture 05:Advanced Project Management PM Processes and FrameworkFida Karim 🇵🇰
Advanced Project Management PM Processes and Framework,
comprising a set of interrelated processes and tools, ranging from simple to complex, and is based on the accepted principles of management used for planning, estimating and controlling work activities with a view to developing specifically defined outputs that are to be delivered by a certain time, to a defined quality standard and with a given level of resources so that the project goal and outcomes/benefits are realized.
Effective project management is essential for the success of any project – whether in the private or public sectors – and irrespective of its category, size and complexity.
Background of the Course & Inauguration
- Overview of the Course
- Syllabus of the Course
- Exam Content Outline (ECO) - 2021
- Mapping of PMBOK 6 with PMBOK 7
- PMP® Exam Content Crossover Map v1
- Application Procedure
- About PMP Exam
The document discusses various topics related to project management fundamentals including project cash flow, time value of money, project selection criteria, project scheduling, critical path method (CPM), Gantt charts, and staffing & rescheduling. It provides definitions and explanations of key concepts such as cost types, discount rates, numeric and non-numeric selection models, precedence relationships, critical paths, slack times, and resource smoothing. Examples are given to illustrate how to construct Gantt charts from CPM/PERT analysis and optimize schedules through staff reallocation.
The document provides an overview of key project management concepts including:
- Defining a project, program, and portfolio
- The role of project, program, and portfolio management
- Organizational structures like functional, projectized, and matrix
- Managing stakeholders and constraints
- The relationship between project and product life cycles
- The purpose and roles of a Project Management Office
This document provides an overview of project management. It defines a project as a temporary set of activities undertaken to achieve unique objectives within defined cost and time parameters. Key aspects of projects include their unique purpose, temporary nature, use of various resources, and involvement of uncertainty. The document distinguishes projects from operations and programs/portfolios. It also outlines the triple constraints of quality, cost, and time that define projects. Additionally, it describes different types of project products and components of project management based on the Project Management Body of Knowledge (PMBOK).
This document provides an overview of project management frameworks. It discusses what constitutes a project versus operations, and defines key project management terms like portfolio, program, and project. The five process groups of project management are introduced as initiating, planning, executing, monitoring and controlling, and closing. The document also examines the project manager's role and responsibilities, as well as how organizational strategy and governance relate to project management.
This document provides an overview of project management concepts discussed in chapters one through three of the PMBOK Guide 4th edition, including definitions of projects, project management, and the differences between project, program and portfolio management. It also discusses the project life cycle, organizational influences, and key project roles like the project manager and stakeholders.
A successful project requires attention to project governance, project management, and project quality. Project governance involves executive engagement, project sponsorship, organizational governance, and a project steering committee. The project manager and proper measurement and control are important for project management. Project quality ensures conformance to the governance processes throughout the project lifecycle. Attention to these areas helps ensure projects are aligned with vision and deliver intended benefits.
In this presentation, i am taking sequencial information from various PPT's and from PMBOK also. So it is very effective & knowledgeable for Engineering & MBA Students. Thankyou
The document provides an introduction to key concepts in project management including:
- Defining a project, project management, and the differences between projects, programs and portfolios.
- Describing the purpose and types of Project Management Offices (PMOs) and their degree of control.
- Explaining the importance of identifying and managing stakeholders, their needs and expectations to balance competing demands around quality, scope, time and cost.
- Detailing what should be included in a comprehensive project management plan such as objectives, activities, schedule, resources and risks.
- Identifying factors that contribute to project success including executive support, user involvement, clear requirements and reliable estimates.
Training Slides of Construction Supervising Site Engineer - Duties & Responsibilities, discussing the importance of Construction Site.
Some Key-Points:
-The meaning and concept of project management
-The Role of the Project Manager
-The Architect as a Construction Project Manager
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Project management involves planning, organizing, and controlling resources to achieve specific goals within constraints of time, cost, and scope. A project has defined objectives, timeline, funding, and consumes resources. Successful project management delivers objectives on time, within budget, and to the required performance level while using resources effectively. Project benefits include improved planning, identification of responsibilities and problems, and better estimates for future projects. Project managers must coordinate with line managers who control resources and balance stakeholder interests for project success.
The document discusses the importance of portfolio management in achieving organizational success. It notes that effective portfolio management provides strategic alignment, balance across projects, risk management, aligned capabilities, and capacity for change. This allows organizations to complete more projects on time and on budget, realize benefits from initiatives, and make better business decisions. Research cited shows that organizations with higher portfolio management capability outperform peers in share price growth and meeting goals. Industries differ in their maturity of portfolio processes, with some demonstrating good practices around sponsorship, strategy linkage, and integrated people, process and technology.
This document provides an introduction to project, program, and portfolio management. It defines what a project is and key terms like the triple constraint of scope, time and cost. It describes the growing importance of project management and lists advantages like lower costs and higher quality. It outlines the project management knowledge areas and common tools. It also discusses what differentiates a program from individual projects and the role of portfolio management. Finally, it covers the project management profession and certifications.
This document comprises of topics based on The Project Management, the project manager and project lifecycle.
The concepts being tackled include:
-definition of project manager
-responsibilities of a project manager
-stages in the project management lifecycle
-organizational strategy
-Main functions of PMO
The document provides an overview of project management. It defines a project as a temporary set of activities undertaken to create a unique product or service. Key aspects of project management include integration, scope, time, cost, quality management, human resources, communication, risk management, and procurement. The document also discusses why project management is important for organizations and different methods for selecting projects.
The document provides an introduction to projects and project management. It defines a project as a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of skills, knowledge, tools and techniques to meet stakeholder needs and expectations for a project. The key goals of project management are to execute projects effectively and efficiently while consistently delivering business value. Project success is determined by managing scope, schedule, costs, quality, resources, risks, and changes according to the triple constraint triangle.
4 Project Goals, Scope, and CharterChaosDigital VisionGe.docxgilbertkpeters11344
4 Project Goals, Scope, and Charter
Chaos/Digital Vision/Getty Images
Learning Objectives
By the end of this chapter, you will be able to:
• Define important project management terms, including project goals, objectives, deliverables, and outcomes,
and understand how they fit into the project planning framework.
• Explain the purpose of strategic planning in linking organizational goals to programs and projects.
• Create project goals, objectives, and metrics.
• Write a project charter and scope of work.
• Discuss constraints and their role in project management.
• Identify aspects of project planning that can affect the success of a project.
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bar81677_04_c04_115-148.indd 115 9/9/14 10:46 AM
Introduction
Pretest
1. The goal of a project is to produce satisfactory deliverables on time and within budget.
a. True
b. False
2. Organizations do not always view projects that exceed their budgets as failures.
a. True
b. False
3. Organizations that avoid committing to long-term goals are more agile and therefore
more effective.
a. True
b. False
4. A statement of project goals describes top management’s expectations for a project.
a. True
b. False
5. Satisfying customers means meeting their service or product requirements.
a. True
b. False
6. The end users who purchase a product from a retail outlet are stakeholders in the
project process.
a. True
b. False
Answers can be found at the end of the chapter.
Introduction
You have probably been part of an organization or team activity that did not appear to have
direction, purpose, or goals. This kind of experience sometimes produces frustration, espe-
cially in organizations that are supposed to have a purpose, simply because people want to
know that they are part of something larger than themselves and that they can make a dif-
ference. Sometimes organizations have goals, but it seems like only top management knows
what they are. This chapter will explore the value of having organizational and project goals
and sharing them with the people charged with realizing them.
This chapter follows up on earlier chapters that dealt with the field of project management,
project phases in the cycle, and organizational design. The chapter will address how projects
are started, how they are aligned with the organization’s goals, and how individual project
goals and objectives are set to serve customers.
Once a project is selected and initiated in phase 1, phase 2 involves defining the project in a
project plan and preparing the project framework for execution. The next five chapters will
address the highlights and critical activities and tools used in this phase. This chapter discusses
important front-end planning activities such as setting project goals and objectives, linking the
H1
sec_n sec_t
bar81677_04_c04_115-148.indd 116 9/9/14 10:46 AM
Section 4.1 Project Goals and Objec.
Project management involves coordinating activities to complete a unique goal within constraints of time, cost, and quality. It became a separate field due to increased complexity of projects and need for specialized skills. A project has defined start and end points and creates a unique product or service. Project managers coordinate resources and processes to meet objectives while satisfying stakeholder needs.
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In this webinar, Global Program Manager, Scrum Master, and Educator Ordonna Sargeant will provide you with key takeaways to apply when managing a complex portfolio!
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2. www.eliteminds.co
Project Management Foundations
Introduction
o Organizations expect projects to deliver outcomes in addition to outputs and artifacts. Project
managers are expected to deliver projects that create value for the organization and
stakeholders within the organization’s system for value delivery.
What is a Project?
o A project is a temporary endeavor undertaken to create a unique product, service, or result.
1. Unique product, service, or result. Projects are undertaken to fulfill objectives by producing deliverables. An objective is
defined as an outcome toward which work is to be directed, a strategic position to be attained, a purpose to be achieved,
a result to be obtained, a product to be produced, or a service to be performed.
o A deliverable is defined as any unique and verifiable product, result, or capability to perform a service that is required to
be produced to complete a process, phase, or project. Deliverables may be tangible or intangible.
o Repetitive elements may be present in some project deliverables and activities. This
repetition does not change the fundamental and unique characteristics of the project work.
For example, office buildings can be constructed with the same or similar materials and by
the same or different teams. However, each building project remains unique in key
characteristics (e.g., location, design, environment, situation, people involved).
3. www.eliteminds.co
Project Management Foundations
Introduction
2. Temporary endeavor. The temporary nature of projects indicates that a project has a definite
beginning and end. Temporary does not necessarily mean a project has a short duration. The
end of the project is reached when one or more of the following is true:
i. The project’s objectives have been achieved;
ii. The objectives will not or cannot be met;
iii. Funding is exhausted or no longer available for allocation to the project;
iv. The need for the project no longer exists (e.g., the customer no longer wants the project
completed, a change in strategy or priority ends the project, the organizational management
provides direction to end the project);
v. The human or physical resources are no longer available; or
vi. The project is terminated for legal cause or convenience.
o Projects are temporary, but their deliverables may exist beyond the end of the project.
Projects may produce deliverables of a social, economic, material, or environmental
nature. For example, a project to build a national monument will create a deliverable
expected to last for centuries.
4. www.eliteminds.co
Project Management Foundations
Introduction
3. Projects drive change. Projects drive change in organizations. From a business perspective, a
project is aimed at moving an organization from one state to another state in order to achieve a
specific objective. Before the project begins, the organization is commonly referred to as being in
the current state. The desired result of the change driven by the project is described as the future
state.
o For some projects, this may involve creating a transition state where multiple steps are made along a continuum to
achieve the future state. The successful completion of a project results in the organization moving to the future state
and achieving the specific objective.
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Project Management Foundations
Introduction
4. Projects enable business value creation. PMI defines business value as the net quantifiable
benefit derived from a business endeavor. The benefit may be tangible, intangible, or both. In
business analysis, business value is considered the return, in the form of elements such as
time, money, goods, or intangibles in return for something exchanged
o Business value in projects refers to the benefit that the results of a specific project provide to
its stakeholders. The benefit from projects may be tangible, intangible, or both.
Examples of Tangible Elements Examples of Intangible Elements
Monetary assets,
Stockholder equity,
Utility,
Fixtures,
Tools, and
Market share.
Goodwill,
Brand recognition,
Public benefit,
Trademarks,
Strategic alignment, and
Reputation.
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Project Management Foundations
Introduction
5. Project Initiation Context. Organizational leaders initiate projects in response to factors acting
upon their organizations. There are four fundamental categories for these factors, which
illustrate the context of a project
i. Meet regulatory, legal, or social requirements;
ii. Satisfy stakeholder requests or needs;
iii. Implement or change business or technological strategies; and
iv. Create, improve, or fix products, processes, or services.
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Project Management Foundations
Introduction
What is Project Management?
o Project management is the application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements.
o Project management is accomplished through the appropriate application and
integration of the project management processes identified for the project. Project
management enables organizations to execute projects effectively and efficiently.
o Projects are a key way to create value and benefits in organizations. In today’s business
environment, organizational leaders need to be able to manage with tighter budgets,
shorter timelines, scarcity of resources, and rapidly changing technology.
o The business environment is dynamic with an accelerating rate of change. To remain competitive in the world economy,
companies are embracing project management to consistently deliver business value.
o Effective and efficient project management should be considered a strategic competency within organizations.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
o Using project management processes, tools, and techniques puts in place a sound foundation
for organizations to achieve their goals and objectives. A project may be managed in three
separate scenarios: as a stand-alone project (outside of a portfolio or program), within a
program, or within a portfolio.
o Project managers interact with portfolio and program managers when a project is within a
program or portfolio. For example, multiple projects may be needed to accomplish a set of goals
and objectives for an organization. In those situations, projects may be grouped together into a
program.
o A program is defined as a group of related projects, subsidiary programs, and program activities managed in a
coordinated manner to obtain benefits not available from managing them individually. Programs are not large projects.
A very large project may be referred to as a megaproject. As a guideline, megaprojects cost US$1billion or more, affect 1
million or more people, and run for years.
o Some organizations may employ the use of a project portfolio to effectively manage multiple programs and projects that
are underway at any given time. A portfolio is defined as projects, programs, subsidiary portfolios, and operations
managed as a group to achieve strategic objectives.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
o Figure below illustrates an example of how portfolios, programs, projects, and operations are related in a specific
situation.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
o Program management and portfolio management differ from project management in
their life cycles, activities, objectives, focus, and benefits. However, portfolios,
programs, projects, and operations often engage with the same stakeholders and may
need to use the same resources, which may result in a conflict in the organization.
o This type of a situation increases the need for coordination within the organization
through the use of portfolio, program, and project management to achieve a
workable balance in the organization.
o The portfolio components are grouped together in order to facilitate the effective governance and management of the
work that helps to achieve organizational strategies and priorities. Organizational and portfolio planning impact the
components by means of prioritization based on risk, funding, and other considerations.
o The portfolio view allows organizations to see how the strategic goals are reflected in the portfolio. This portfolio view
also enables the implementation and coordination of appropriate portfolio, program, and project governance. This
coordinated governance allows authorized allocation of human, financial, and physical resources based on expected
performance and benefits.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
What is Program Management?
o Program management is defined as the application of knowledge, skills, and principles to a
program to achieve the program objectives and to obtain benefits and control not available by
managing program components individually. A program component refers to projects and other
programs within a program.
o Project management focuses on interdependencies within a project to determine the optimal approach for managing the
project. Program management focuses on the interdependencies between projects and between projects and the
program level to determine the optimal approach for managing them.
o An example of a program is a new communications satellite system with projects for the design and construction of the
satellite and the ground stations, the launch of the satellite, and the integration of the system.
What is Portfolio Management?
o A portfolio is defined as projects, programs, subsidiary portfolios, and operations managed as a
group to achieve strategic objectives. Portfolio management is defined as the centralized
management of one or more portfolios to achieve strategic objectives. The programs or projects
of the portfolio may not necessarily be interdependent or directly related.
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Relationship of Project, Program, Portfolio, and Operations Management
o Portfolio management also confirms that the portfolio is consistent with and aligned with
organizational strategies. Maximizing the value of the portfolio requires careful examination of
the components that comprise the portfolio. Components are prioritized so that those
contributing the most to the organization’s strategic objectives have the required financial, team,
and physical resources.
o For example, an infrastructure organization that has the strategic objective of maximizing
the return on its investments may put together a portfolio that includes a mix of projects in
oil and gas, power, water, roads, rail, and airports. From this mix, the organization may
choose to manage related projects as one portfolio.
o All of the power projects may be grouped together as a power portfolio. Similarly, all of
the water projects may be grouped together as a water portfolio. However, when the
organization has projects in designing and constructing a power plant and then operates
the power plant to generate energy, those related projects can be grouped in one
program. Thus, the power program and similar water program become integral
components of the portfolio of the infrastructure organization.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
o Operations management is an area that is outside the scope of formal project
management. Operations management is concerned with the ongoing production of goods
and/or services. It ensures that business operations continue efficiently by using the
optimal resources needed to meet customer demands.
What is Operations Management?
o It is concerned with managing processes that transform inputs (e.g., materials,
components, energy, and labor) into outputs (e.g., products, goods, and/or services).
What is Organizational Project Management?
o Portfolios, programs, and projects are aligned with or driven by organizational strategies and differ in the way each
contributes to the achievement of strategic goals:
i. Portfolio management aligns portfolios with organizational strategies by selecting the right programs or projects,
prioritizing the work, and providing the needed resources.
ii. Program management harmonizes its program components and controls interdependencies in order to realize
specified benefits.
iii. Project management enables the achievement of organizational goals and objectives.
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Project Management Foundations
Relationship of Project, Program, Portfolio, and Operations Management
o Within portfolios or programs, projects are a means of achieving organizational goals and
objectives. This is often accomplished in the context of a strategic plan that is the primary
factor guiding investments in projects.
o The purpose of OPM is to ensure that the organization undertakes the right projects and allocates critical resources
appropriately. OPM also helps to ensure that all levels in the organization understand the strategic vision, the initiatives
that support the vision, the objectives, and the deliverables.
o Alignment with the organization’s strategic business goals can be achieved through the
systematic management of portfolios, programs, and projects through the application of
organizational project management (OPM). OPM is defined as a framework in which portfolio,
program, and project management are integrated with organizational enablers in order to
achieve strategic objectives.
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Project and Development Life Cycle
o A project life cycle is the series of phases that a project passes through from its start
to its completion. It provides the basic framework for managing the project. This
basic framework applies regardless of the specific project work involved. The phases
may be sequential, iterative, or overlapping.
o Project life cycles can be predictive or adaptive. Within a project life cycle, there are
generally one or more phases that are associated with the development of the
product, service, or result.
o These are called a development life cycle. Development life cycles can be predictive, iterative, incremental, adaptive, or a
hybrid model:
1. In a predictive life cycle, the project scope, time, and cost are determined in the early phases of the life cycle. Any
changes to the scope are carefully managed. Predictive life cycles may also be referred to as waterfall life cycles.
2. In an iterative life cycle, the project scope is generally determined early in the project life cycle, but time and cost
estimates are routinely modified as the project team’s understanding of the product increases. Iterations develop the
product through a series of repeated cycles, while increments successively add to the functionality of the product.
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Project Management Foundations
Project and Development Life Cycle
3. In an incremental life cycle, the deliverable is produced through a series of iterations that successively add functionality
within a predetermined time frame. The deliverable contains the necessary and sufficient capability to be considered
complete only after the final iteration.
4. Adaptive life cycles are agile, iterative, or incremental. The detailed scope is defined and
approved before the start of an iteration. Adaptive life cycles are also referred to as agile or
change-driven life cycles.
5. A hybrid life cycle is a combination of a predictive and an adaptive life cycle. Those
elements of the project that are well known or have fixed requirements follow a predictive
development life cycle, and those elements that are still evolving follow an adaptive
development life cycle.
o It is up to the project management team to determine the best life cycle for each project. The project life cycle needs to
be flexible enough to deal with the variety of factors included in the project.
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Project Management Foundations
Project and Development Life Cycle
o Life cycle flexibility may be accomplished by:
i. Identifying the process or processes needed to be performed in each phase,
ii. Performing the process or processes identified in the appropriate phase,
iii. Adjusting the various attributes of a phase (e.g., name, duration, exit criteria,
and entrance criteria).
o Project life cycles are independent of product life cycles, which may be produced by a project. A product life cycle is the
series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to
retirement.
Project Phase
o A project phase is a collection of logically related project activities that culminates in the completion of one or more
deliverables. The phases in a life cycle can be described by a variety of attributes. Attributes may be measurable and
unique to a specific phase.
o Projects may be separated into distinct phases or subcomponents. These phases or subcomponents are generally
given names that indicate the type of work done in that phase.
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Project Management Foundations
Project and Development Life Cycle
o The project phases may be established based on various factors including, but not limited to:
i. Management needs;
ii. Nature of the project;
iii. Unique characteristics of the organization, industry, or technology;
iv. Project elements including, but not limited to, technology, engineering, business, process, or legal; and
v. Decision points (e.g., funding, project go/no-go, and milestone review).
Phase Gate
o A phase gate, is held at the end of a phase. The project’s performance and progress are compared to project and
business documents including but not limited to:
i. Project business case,
ii. Project charter,
iii. Project management plan, and
iv. Benefits management plan
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Project Management Foundations
Project Management Data and Information
o Throughout the life cycle of a project, a significant amount of data
is collected, analyzed, and transformed. Project data are collected
as a result of various processes and are shared within the project
team.
o The collected data are analyzed in context, aggregated, and
transformed to become project information during various
processes. Information is communicated verbally or stored and
distributed in various formats as reports.
o Project data are regularly collected and analyzed throughout the project
life cycle. The following definitions identify key terminology regarding
project data and information:
1. Work performance data. The raw observations and measurements identified during activities performed to carry out
the project work. Examples include reported percent of work physically completed, quality and technical performance
measures, start and finish dates of schedule activities, number of change requests, number of defects, actual costs,
actual durations, etc. Project data are usually recorded in a Project Management Information System (PMIS) and in
project documents.
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Project Management Foundations
Project Management Data and Information
2. Work performance information. The performance data collected from various
controlling processes, analyzed in context and integrated based on
relationships across areas. Examples of performance information are status of
deliverables, implementation status for change requests, and forecast
estimates to complete.
3. Work performance reports. The physical or electronic
representation of work performance information compiled in
project documents, which is intended to generate decisions
or raise issues, actions, or awareness. Examples include status
reports, memos, justifications, information notes, electronic
dashboards, recommendations, and updates.
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Project Management Foundations
Project Management Data and Information
o The figure shows the flow of project information across
the various processes used in managing the project.
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Project Management Foundations
Project Management Business Documents
o The project manager needs to ensure that the project management approach captures the intent of business
documents. These documents are defined in table below. These two documents are interdependent and iteratively
developed and maintained throughout the life cycle of the project.
o The project sponsor is generally accountable for the development and maintenance of
the project business case document. The project manager is responsible for providing
recommendations and oversight to keep the project business case, project management
plan, project charter, and project benefits management plan success measures in
alignment with one another and with the goals and objectives of the organization.
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Project Management Foundations
Project Management Business Documents
o In some organizations, the business case and benefits management plan are maintained at the program level. Project
managers should work with the appropriate program managers to ensure the project management documents are
aligned with the program documents.
o Figure below illustrates the interrelationship of these critical project management business documents and the needs
assessment. The figure shows an approximation of the life cycle of these various documents against the project life
cycle.
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Project Management Foundations
Project Management Business Documents
1. Project Business Case. The project business case is a documented economic feasibility
study used to establish the validity of the benefits of a selected component lacking
sufficient definition and that is used as a basis for the authorization of further project
management activities.
o The business case lists the objectives and reasons for project initiation. It helps measure
the project success at the end of the project against the project objectives. The business
case is a project business document that is used throughout the project life cycle. The
business case may be used before the project initiation and may result in a go/no-go
decision for the project.
o A needs assessment often precedes the business case. The needs assessment involves understanding business goals and
objectives, issues, and opportunities and recommending proposals to address them. The results of the needs assessment
may be summarized in the business case document.
o The process of defining the business need, analyzing the situation, making recommendations, and defining evaluation
criteria is applicable to any organization’s projects.
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Project Management Business Documents
o A business case may include but is not limited to documenting the following:
a. Business needs:
i. Determination of what is prompting the need for action;
ii. Situational statement documenting the business problem or opportunity to be addressed including the value to
be delivered to the organization;
iii. Identification of stakeholders affected; and
iv. Identification of the scope.
b. Analysis of the situation:
i. Identification of organizational strategies, goals, and objectives;
ii. Identification of root cause(s) of the problem or main contributors of an
opportunity;
iii. Gap analysis of capabilities needed for the project versus existing capabilities of
the organization;
iv. Identification of known risks;
v. Identification of critical success factors;
vi. Identification of decision criteria by which the various courses of action may be
assessed;
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Project Management Business Documents
c. Recommendation
i. A statement of the recommended option to pursue in the project;
ii. Items to include in the statement
iii. An implementation approach
i. Statement describing the plan for measuring benefits the project will deliver. This should include any ongoing
operational aspects of the recommended option beyond initial implementation.
d. Evaluation
o The business case document provides the basis to measure success and progress throughout the project life cycle by
comparing the results with the objectives and the identified success criteria.
2. The Project Benefits Management Plan. The project benefits management plan is the document that describes how
and when the benefits of the project will be delivered, and describes the mechanisms that should be in place to
measure those benefits. A project benefit is defined as an outcome of actions, behaviors, products, services, or results
that provide value to the sponsoring organization as well as to the project’s intended beneficiaries.
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Project Management Foundations
Project Management Business Documents
o Development of the benefits management plan begins early in the project life cycle with the definition of the target
benefits to be realized. The benefits management plan describes key elements of the benefits and may include but is
not limited to documenting the following:
i. Target benefits (e.g., the expected tangible and intangible value to be
gained by the implementation of the project; financial value is
expressed as net present value);
ii. Strategic alignment (e.g., how well the project benefits align to the
business strategies of the organization);
iii. Timeframe for realizing benefits (e.g., benefits by phase, short term,
long-term, and ongoing);
iv. Benefits owner (e.g., the accountable person to monitor, record, and
report realized benefits throughout the timeframe established in the
plan);
v. Metrics (e.g., the measures to be used to show benefits realized, direct
measures, and indirect measures);
vi. Assumptions (e.g., factors expected to be in place or to be in evidence);
vii. Risks (e.g., risks for realization of benefits).
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Project Management Business Documents
o Development and maintenance of the project benefits management plan is an iterative activity. This document
complements the business case, project charter, and project management plan. The project manager works with the
sponsor to ensure that the project charter, project management plan, and the benefits management plan remain in
alignment throughout the life cycle of the project.
3. The Project Charter & Project Management Plan. The project charter is defined as a
document issued by the project sponsor that formally authorizes the existence of a
project and provides the project manager with the authority to apply organizational
resources to project activities. The project management plan is defined as the document
that describes how the project will be executed, monitored, and controlled.
4. Project Success Measures. One of the most common challenges in project management
is determining whether or not a project is successful.
o Traditionally, the project management metrics of time, cost, scope, and quality have been the most important factors in
defining the success of a project. More recently, practitioners and scholars have determined that project success should
also be measured with consideration toward achievement of the project objectives.
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Project Management Business Documents
o Project stakeholders may have different ideas as to what the successful completion of a project will look like and which
factors are the most important. It is critical to clearly document the project objectives and to select objectives that are
measurable. Three questions that the key stakeholders and the project manager should answer are:
i. What does success look like for this project?
ii. How will success be measured?
iii. What factors may impact success?
o Project success may include additional criteria linked to the organizational strategy and to
the delivery of business results. These project objectives may include but are not limited to:
i. Completing the project benefits management plan;
ii. Meeting the agreed-upon financial measures documented in the business case.
iii. Meeting business case nonfinancial objectives;
iv. Completing movement of an organization from its current state to the desired future
state;
v. Fulfilling contract terms and conditions;
vi. Meeting organizational strategy, goals, and objectives;
vii. Meeting governance criteria; and
viii. Achieving other agreed-upon success measures or criteria (e.g., process throughput).
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Project Management Foundations
The Environment at Which Projects Operate
o Projects exist and operate in environments that may have an influence on them. These influences
can have a favorable or unfavorable impact on the project. Two major categories of influences
are enterprise environmental factors (EEFs) and organizational process assets (OPAs).
o EEFs originate from the environment outside of the project and often outside of the enterprise.
EEFs may have an impact at the organizational, portfolio, program, or project level.
o OPAs are internal to the organization. These may arise from the organization itself, a portfolio, a
program, another project, or a combination of these.
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The Environment at Which Projects Operate
Enterprise environmental factors
o Enterprise environmental factors (EEFs) refer to conditions, not under the control of the
project team, that influence, constrain, or direct the project. These conditions can be internal
and/or external to the organization.
o EEFs are considered as inputs to many project management processes, specifically for most
planning processes. These factors may enhance or constrain project management options. In
addition, these factors may have a positive or negative influence on the outcome.
o The following EEFs are internal to the organization:
i. Organizational culture, structure, and governance. Examples include vision, mission, values, beliefs, cultural norms,
leadership style, hierarchy and authority relationships, organizational style, ethics, and code of conduct.
ii. Geographic distribution of facilities and resources. Examples include factory locations, virtual teams, shared systems,
and cloud computing.
iii. Infrastructure. Examples include existing facilities, equipment, organizational telecommunications channels,
information technology hardware, availability, and capacity.
iv. Information technology software. Examples include scheduling software tools, configuration management systems,
web interfaces to other online automated systems, and work authorization systems.
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The Environment at Which Projects Operate
v. Resource availability. Examples include contracting and purchasing constraints, approved providers and
subcontractors, and collaboration agreements.
vi. Employee capability. Examples include existing human resources expertise, skills, competencies, and specialized
knowledge.
o The following EEFs are external to the organization:
i. Marketplace conditions. Examples include competitors, market share brand recognition, and trademarks.
ii. Social and cultural influences and issues. Examples include political climate, codes of conduct, ethics, and perceptions.
iii. Legal restrictions. Examples include country or local laws and regulations related to security, data protection, business
conduct, employment, and procurement.
iv. Commercial databases. Examples include benchmarking results, standardized cost estimating data, industry risk study
information, and risk databases.
v. Academic research. Examples include industry studies, publications, and benchmarking results.
vi. Government or industry standards. Examples include regulatory agency regulations and standards related to products,
production, environment, quality, and workmanship.
vii. Financial considerations. Examples include currency exchange rates, interest rates, inflation rates, tariffs, and
geographic location.
viii. Physical environmental elements. Examples include working conditions, weather, and constraints.
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The Environment at Which Projects Operate
Organizational Process Assets
o Organizational process assets (OPAs) are the plans, processes, policies, procedures, and knowledge bases specific to and
used by the performing organization. These assets influence the management of the project.
o OPAs include any artifact, practice, or knowledge from any or all of the performing organizations involved in the project
that can be used to execute or govern the project. The OPAs also include the organization’s lessons learned from previous
projects and historical information.
o OPAs may include completed schedules, risk data, and earned value data.
Since OPAs are internal to the organization, the project team members may
be able to update and add to the organizational process assets as necessary
throughout the project. They may be grouped into two categories:
i. Processes, policies, and procedures; and
ii. Organizational knowledge bases.
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The Environment at Which Projects Operate
o Generally, the assets in the first category are not updated as part of the project work. Processes, policies, and
procedures are usually established by the project management office (PMO) or another function outside of the project.
o These can be updated only by following the appropriate organizational policies associated with updating processes,
policies, or procedures. Some organizations encourage the team to tailor templates, life cycles, and checklists for the
project. In these instances, the project management team should tailor those assets to meet the needs of the project.
o The assets in the second category are updated throughout the project with project
information. For example, information on financial performance, lessons learned,
performance metrics and issues, and defects are continually updated throughout
the project.
o The organization’s processes and procedures for conducting project work include
but are not limited to:
Processes, Policies, and Procedures
1. Specific organizational standards such as policies (e.g., human resources policies,
health and safety policies, security and confidentiality policies, quality policies,
procurement policies, and environmental policies);
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The Environment at Which Projects Operate
2. Product and project life cycles, and methods and procedures (e.g., project management methods, estimation metrics,
process audits, improvement targets, checklists, and standardized process definitions for use in the organization);
3. Preapproved supplier lists and various types of contractual agreements (e.g., fixed-price, cost-reimbursable, and time
and material contracts).
4. Templates (e.g., project management plans, project documents, project registers, report formats, contract templates,
risk categories, risk statement templates, probability and impact definitions, probability and impact matrices, and
stakeholder register templates);
5. Financial controls procedures (e.g., time reporting, required expenditure and disbursement reviews, accounting
codes, and standard contract provisions);
Organizational Knowledge Repositories
o The organizational knowledge repositories for storing and retrieving
information include but are not limited to:
1. Configuration management knowledge repositories containing the
versions of software and hardware components and baselines of all
performing organization standards, policies, procedures, and any
project documents;
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The Environment at Which Projects Operate
2. Historical information and lessons learned knowledge repositories (e.g., project records and documents, all project
closure information and documentation, information regarding both the results of previous project selection decisions
and previous project performance information, and information from risk management activities);
3. Issue and defect management data repositories containing issue and defect status, control information, issue and
defect resolution, and action item results;
4. Data repositories for metrics used to collect and make available measurement data on processes and products;
5. Project files from previous projects (e.g., scope, cost, schedule, and
performance measurement baselines, project calendars, project
schedule network diagrams, risk registers, risk reports, and
stakeholder registers).
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Project Management Office (PMO)
o A project management office (PMO) is an organizational structure that
standardizes the project-related governance processes and facilitates
the sharing of resources, methodologies, tools, and techniques. The
responsibilities of a PMO can range from providing project management
support functions to the direct management of one or more projects.
o There are several types of PMOs in organizations. Each type varies in the degree of control and influence it has on
projects within the organization, such as:
1. Supportive. Supportive PMOs provide a consultative role to projects by supplying templates, best practices, training,
access to information, and lessons learned from other projects. This type of PMO serves as a project repository. The
degree of control provided by the PMO is low.
2. Controlling. Controlling PMOs provide support and require compliance through various means. The degree of
control provided by the PMO is moderate. Compliance may involve:
i. Adoption of project management frameworks or methodologies;
ii. Use of specific templates, forms, and tools; and
iii. Conformance to governance frameworks.
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Project Management Office (PMO)
3. Directive. Directive PMOs take control of the projects by directly managing the projects. Project managers are assigned
by and report to the PMO. The degree of control provided by the PMO is high.
o The project management office may have organization-wide responsibility. It may play a role in supporting strategic
alignment and delivering organizational value.
o The PMO integrates data and information from organizational strategic
projects and evaluates how higher-level strategic objectives are being
fulfilled. The PMO is the natural liaison between the organization’s
portfolios, programs, projects, and the organizational measurement
systems (e.g., balanced scorecard).
o The projects supported or administered by the PMO may not be
related other than by being managed together. The specific form,
function, and structure of a PMO are dependent upon the needs of the
organization that it supports.
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Project Management Office (PMO)
o A primary function of a PMO is to support project managers in a variety of ways, which may include but are not limited
to:
i. Managing shared resources across all projects administered by the PMO;
ii. Identifying and developing project management methodology, best practices, and standards;
iii. Coaching, mentoring, training, and oversight;
iv. Monitoring compliance with project management standards, policies, procedures, and templates by
means of project audits;
v. Developing and managing project policies, procedures, templates, and other shared documentation
(organizational process assets); and
vi. Coordinating communication across projects.
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Project Manager Competencies
o The role of a project manager is distinct from that of a
functional manager or operations manager. Typically, the
functional manager focuses on providing management
oversight for a functional or business unit. Operations
managers are responsible for ensuring that business
operations are efficient.
o The project manager is the person assigned by the
performing organization to lead the team that is
responsible for achieving the project objectives.
o Project managers fulfill numerous roles within their
sphere of influence. These roles reflect the project
manager’s capabilities and are representative of the
value and contributions of the project management
profession.
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Project Management Foundations
Project Manager Competencies
o Recent PMI studies applied the Project Manager Competency Development (PMCD) Framework to the skills needed by
project managers through the use of The PMI Talent Triangle® shown in figure below. The talent triangle focuses on
three key skill sets:
i. Technical project management. The knowledge,
skills, and behaviors related to specific domains of
project, program, and portfolio management. The
technical aspects of performing one’s role.
ii. Leadership. The knowledge, skills, and behaviors
needed to guide, motivate, and direct a team, to
help an organization achieve its business goals.
iii. Strategic and business management. The
knowledge of and expertise in the industry and
organization that enhanced performance and
better delivers business outcomes.
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Project Manager Competencies
1. Technical Project Management Skills
o Technical project management skills are defined as the skills to effectively apply project management knowledge to
deliver the desired outcomes for programs or projects. There are numerous technical project management skills.
Project managers frequently rely on expert judgment to perform well. Being aware of personal expertise and where to
find others with the needed expertise are important for success as a project manager.
o According to research, the top project managers consistently demonstrated several key skills including, but not limited
to, the ability to:
i. Focus on the critical technical project management elements for each project
they manage. This focus is as simple as having the right artifacts readily
available. At the top of the list were the following: Schedule, Selected financial
reports, and Issue log.
ii. Tailor both traditional and agile tools, techniques, and methods for each
project.
iii. Make time to plan thoroughly and prioritize diligently.
iv. Manage project elements, including, but not limited to, schedule, cost,
resources, and risks.
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Project Management Foundations
Project Manager Competencies
2. Strategic and Business Management Skills
o Strategic and business management skills involve the ability to see the high-level overview
of the organization and effectively negotiate and implement decisions and actions that
support strategic alignment and innovation.
o This ability may include a working knowledge of other functions such as finance, marketing,
and operations. Strategic and business management skills may also include developing and
applying pertinent product and industry expertise. This business knowledge is also known as
domain knowledge. Project managers should be knowledgeable enough about the business
to be able to:
i. Explain to others the essential business aspects of a project;
ii. Work with the project sponsor, team, and subject matter experts to develop an appropriate project delivery strategy;
and
iii. Implement that strategy in a way that maximizes the business value of the project.
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Project Management Foundations
Project Manager Competencies
3. Leadership Skills
o Leadership skills involve the ability to guide, motivate, and
direct a team. These skills may include demonstrating essential
capabilities such as negotiation, resilience, communication,
problem solving, critical thinking, and interpersonal skills.
o Projects are becoming increasingly more complicated with
more and more businesses executing their strategy through
projects. Project management is more than just working with
numbers, templates, charts, graphs, and computing systems. A
common denominator in all projects is people. People can be
counted, but they are not numbers.
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Project Management Foundations
Project Management Process
o The project lifecycle is managed by executing a series of project management activities called project management
processes. Each project management process will produce one or more outputs from one or more inputs by using
appropriate tools and techniques.
o Project management processes are logically linked
by the outputs they produce. The output of one
process is generally results in either: An input to
another process; or a deliverable of a project or
project phase.
o Processes generally fail into one of the three categories:
i. Processes used once or at a predefined point of the project. Ex: Develop the project charter.
ii. Processes that performed periodically as needed. Ex: Acquire resources and conduct procurements.
iii. Processes that are performed continuously throughout the project. Many of the project controlling processes occurs
from the start tell the end of the project.
o Inputs, tools, techniques, and outputs are the foundation and infrastructure of the project management processes
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Project Management Process
o To build a house you need inputs (plans, specifications, permits, financing, building materials,
etc.), then you proceed to construction by using tools and techniques (skilled labour and trades,
concrete, framing, electrical, plumbing, finish work, etc.); when done, you have a house as your
output.
o ITTO and project management processes in general are not "one and done" linear processes.
Rather, like a project, ITTO form a circular system of relationships, feedback, and continuous
improvement.
o An input can be defined as any item, whether internal or external to the project is that required by a process before
that process proceeds. May be an output from a predecessor process. Examples: project charter, project schedule,
resource calendars, and approved change requests.
o Tools are something tangible, such as a template or software program, used in performing an activity to produce a
product or result. Examples include: Analytical techniques, project management information system(s),
benchmarking, and product analysis
o Technique is a defined systematic procedure employed by a human resource to perform an activity to produce a
product or result or deliver a service, and that may employ one or more tools. Examples include: Meetings, expert
judgment, inspection, interviews, and decomposition.
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Project Management Process
o An output can be defined as a product, result, or service generated by a process. May
be an input to a successor process. Examples include: Work performance information,
change requests, project management plan updates, organizational process assets
updates, and project documents updates.
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Project Management Foundations
Project Management Process Groups and Knowledge Areas
o Logical grouping of project management processes to achieve specific project objectives, process groups are
independent of project phases. They are grouped into five project management process groups.
1. Initiating process group. Processes performed to define a new project or a new phase of an existing project by
obtaining authorization to start a project or phase.
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Project Management Foundations
Project Management Process Groups and Knowledge Areas
2. Planning process group. Processes required to establish the scope of the project, refine the
objectives and define the course of action required to attain the objectives that that the
project was undertaken to achieve.
3. Executing process group. Processes performed to complete the work defined in the project
management plan to satisfy the project requirements.
4. Monitoring and controlling process group. Processes required to track, review and regulate the
progress and performance of the project, identify any areas in which changes to the plan are
required, and initiate the corresponding changes.
5. Closing process group. Processes performed
to formally complete or close the
project/phase.
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Project Management Foundations
Project Management Process Groups and Knowledge Areas
o In addition to the process groups, processes are also categorized by knowledge areas, a knowledge area is an identified
area of project management, there are ten knowledge areas.
o Knowledge Area is made up of a set of processes, each with inputs, tools and techniques, and outputs. These
processes, together, accomplish proven project management functions and drive project success.
1. Project Integration Management. Includes the processes and activities to identify, define, combine, unify, and
coordinate the various processes and project management activities.
2. Project Scope Management. Includes the processes required to ensure the project includes all
the work required, and only work required, to complete the project successfully.
3. Project Schedule Management. Includes the processes required to
manage the timely completion of the project.
4. Project Cost Management. Includes the processes involved in
planning, estimating, budgeting, financing, funding, managing, and
controlling costs so the project can be completed within the
approved budget.
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Project Management Process Groups and Knowledge Areas
5. Project Quality Management. Includes the processes for incorporating the organization’s quality policy regarding
planning, managing and controlling project and product quality requirements in order to meet stakeholders'
expectations.
6. Project Resource Management. Includes the processes to identify, acquire, and manage the
resources needed for the successful completion of the project.
7. Project Communications Management. Includes the processes required to ensure timely and
appropriate planning, collection, creation, distribution, storage, retrieval, management, control ,
monitoring and ultimate disposition of project information.
8. Project Risk Management. Includes the processes of conducting risk management planning, identification, analysis,
response planning, response implementation and monitoring risk on a project.
9. Project Procurement Management. Includes the processes necessary to purchase or acquire products, services, or
results needed from outside the project team.
10. Project stakeholder Management. Includes the processes required to identify the people, groups, or organizations
that could impact or be impacted by the project, to analyze stakeholder expectations and their impact on the
project.