The document discusses the project management life cycle which includes 5 process groups: initiating, planning, executing, monitoring and controlling, and closing. It also discusses the 10 knowledge areas that are core to project management according to PMI. The process groups involve defining a project, planning how to execute it, carrying out the work, tracking progress, and finally closing the project. The knowledge areas provide the technical skills needed for effective project management.
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
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
An Introduction to Project Management Krishna Kant
I have tried to present here a brief introduction of project management for the people who wish to get the flavor of project management and what it takes to be a successful project manager.
I have used these slides for the various project management sessions that I have conducted in different forums. And I hope this will help you to understand or re-cap your project management principles.
What is a Project and Project Management? This presentation helps you to gain more knowledge about how to manage a project and helps in understanding the Project Life Cycle.
Project management is about acquiring or achieving the project goal and Most projects need to be broken down into a logical sequence of ‘phases’, known as the project life cycle.
it includes 21 slides, having definition of project, project management, project management cycle.
it also explains all the phases of PMC.
it also includes characteristics, advantages and disadvantages of project management cycle.
it is an overview of project management. concept of project management, scope of project management with example, types of project management, generation and screening, difficulties and its importance.
Smart project management - Best Practices to Manage Project effectivelyChetan Khanzode
Best Practices to Manage project effectively.It gives overview of all five groups and ten PM knowledge areas.
Emphasis more important aspects of Project Management
"This is why we can't have nice things"
A project risk retrospective.
This presentation takes a look at great projects throughout history and identifies common threads regarding the risk management techniques applied during their execution.
In this chapter, you will learn how to:
✔ Use the Backstage view to open and save Project files.
✔ Work with commands on different tabs of the ribbon interface, the major visual
change introduced in Project 2010.
✔ Use different views to see Project information presented in different ways.
An Introduction to Project Management Krishna Kant
I have tried to present here a brief introduction of project management for the people who wish to get the flavor of project management and what it takes to be a successful project manager.
I have used these slides for the various project management sessions that I have conducted in different forums. And I hope this will help you to understand or re-cap your project management principles.
What is a Project and Project Management? This presentation helps you to gain more knowledge about how to manage a project and helps in understanding the Project Life Cycle.
Project management is about acquiring or achieving the project goal and Most projects need to be broken down into a logical sequence of ‘phases’, known as the project life cycle.
it includes 21 slides, having definition of project, project management, project management cycle.
it also explains all the phases of PMC.
it also includes characteristics, advantages and disadvantages of project management cycle.
it is an overview of project management. concept of project management, scope of project management with example, types of project management, generation and screening, difficulties and its importance.
Smart project management - Best Practices to Manage Project effectivelyChetan Khanzode
Best Practices to Manage project effectively.It gives overview of all five groups and ten PM knowledge areas.
Emphasis more important aspects of Project Management
"This is why we can't have nice things"
A project risk retrospective.
This presentation takes a look at great projects throughout history and identifies common threads regarding the risk management techniques applied during their execution.
In this chapter, you will learn how to:
✔ Use the Backstage view to open and save Project files.
✔ Work with commands on different tabs of the ribbon interface, the major visual
change introduced in Project 2010.
✔ Use different views to see Project information presented in different ways.
This document is part of a series that explain the newly released PMBOK 5th edition. These documents provide simple explanation and summary of the book. However they do not replace the necessity of reading the book.
BPP Training on Project Management - Day 1Imoh Etuk
This training was about exposing the employees of the Lagos State Public Service to the Contemporary Project Management Practices they can adopt to Enhance Project Delivery in the Pandemic Era for the Lagos State Public Service.
Upon successful completion of the training, participants s were to apply the generally recognized practices of project management acknowledged by the Project Management Institute (PMI) to successfully manage projects by:
• Getting started with project management fundamentals.
• Identifying organizational influences and project life cycle.
• Working with project management processes.
• Initiating a project.
• Planning a project.
• Planning for project time management.
• Planning project budget, quality, and communications.
• Planning for risk, procurements, and stakeholder management.
• Executing a project.
• Managing project work, scope, schedules, and cost.
• Controlling a project.
• Closing a project.
Project Scope Management typically refers to the extensive collection of processes that ensure the exact description and visualization of the ample scope of a project. The strategies of project scope planning and scope management allow the project managers to assign the recommended amount of work needed to complete a project effectively. It is concerned with the determination of what is included in the project and what is altered
Project Management Plan details how a project will be executed, monitored, and controlled. In general, it should include at least:
1. Scope, Schedule, and Cost Baseline.
2. Subsidiary plans for each knowledge area.
3. Additional information on project nature and life cycle.
Here I describe the possible amount of information a project management plan may include.
The slides are an integral part of a post on Project Management Plan from Project Management Basics. Find the post here: http://pmbasics101.com
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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2. Topic 2 : Project Management Life Cycles
Process
Groups
Description
Initiating
These processes help you define a new piece of work – either a complete new project
or the phase you are about to begin.
Planning
These processes help you define objectives and scope out the work to be done. They
also encompass all the work around planning and scheduling tasks. Again, they can
cover a complete project or just the phase you are working on right now. Or you might
be closing one phase and planning the next in parallel.
Executing
You do these processes as you carry out your project tasks. This is the ‘delivery’ part
of project management, where the main activity happens and you create the products.
Monitoring &
Controlling
These processes let you track the work that is being done, review and report on it.
They also cover what happens when you find out the project isn’t following the agreed
plan, so change management falls into this Process Group. You’ll run these
processes alongside those in the Executing Group (mainly, but alongside the other
Groups too) so you monitor as you go
Closing
Finally, these processes let you finalize all the tasks in the other Groups when you get
to the point to close the project or phase.
3. Project Initiation
• The Project Management Body of Knowledge (PMBOK) identifies only two
processes within this phase.
4. Develop Project Charter
o Develop Project Charter is the process of developing a document that formally
authorizes the existence of a project and provides the project manager with the
authority to apply organizational resources to project activities.
Identify Stakeholders
o Stakeholders come in many forms and have vastly different needs as it relates to
the project. It is a good idea to conduct a stakeholder analysis to determine all
of the stakeholders as part of the development of the project charter.
o Stakeholder register is a document that contains stakeholder information
gathered using the tools and techniques we saw earlier.
o The main content would be information such as stakeholder names,
designations, roles, location, contact information, their expectations, and levels
of knowledge, interest and influence over project.
5. Project Planning
The planning phase is when the project plans are documented, the project
deliverables and requirements are defined, and the project schedule is created.
It Include the 3 phases below :-
6. Collect Requirements : The process of determining, documenting, and managing
stakeholder needs and requirements to meet project objectives.
Define Scope : Scope refers to the detailed set of deliverables or features of a project.
PMBOK® defines Project Scope as the “The work that needs to be accomplished to
deliver a product, service, or result with the specified features and functions
Develop Project Management Plan is an activity to cover the plan that includes how
the project will be implemented, examined, and controlled. Basically, a project
management plan needs to cover everything involved in a project to ensure that it will be
successful.
7. SUGGESTED CONTENTS OF THE PROJECT MANAGEMENT PLAN:
o Executive summary – high level of the key elements of the project
o Strategic/organisational alignment
o Project scope definition
o Feasibility assessment and contingency plans
o Constraints
o Project schedule and milestones
o Budget/cost estimate
o Risk Management
o Issue Management
o Change management
o Communication management
o Resources – Staffing, budget, and vendors.
8. Create WBS
The WBS provides the project manager and team with the necessary framework of
tasks going forward to create detailed cost estimates and also to provide a major
input to project task scheduling at the most detailed and accurate level possible.
The WBS is the decomposition of the work to be performed. The output is called the
Scope Baseline.
Scope Baseline :
o Scope Statement – description of project scope, major deliverables,
assumptions and constraints.
o WBS – hierarchical decomposition of the total scope of work
o WBS Dictionary – provides detail regarding the deliverables, activities, and
scheduling information of each component of the WBS.
Project
Title
Deliverable
1
Deliverable
2
Work
Package
Work
Package
Break down the
work into the
smallest level for
which cost, and time
can be assessed
and administered
9. Define activities refer to the process of identifying as well as documenting actions
that need to be implemented and performed in order to produce the deliverables of the
project.
Estimate Activity Resources is the process of estimating the type and quantities of
material, human resources, equipment, or supplies required to perform each activity
Estimate Activity Durations is the process of estimating the number of work periods
needed to complete individual activities with estimated resources.
Sequence Activities is the process of identifying and documenting relationships
among the project activities.
Develop Schedule is the process of analyzing activity sequences, durations, resource
requirements, and schedule constraints to create the project schedule model.
10. Estimate cost is an activity that involve in creation of the cost of a program, project,
or operation.
Determine Budget is the process of aggregating the estimated costs of individual
activities or work packages to establish an authorized cost baseline.
Plan Quality : This process involves the determination of the quality standards that
govern the project deliverables and/or product and how the project will achieve
compliance to those standards.
The develop human resource plan process describes how the project manager will
staff, manage, team build, assess and improve the project team, and therefore this
process is executed early within the project and is performed iteratively and
interactively with other aspects of planning such as time, cost and scope.
Plan Communication: A project manager need to determine who receive the project
communication, how they will receive this communication, when they will receive and
how often they should expect to receive. This information is record in the project
management communication plan.
11.
12. Risk identification : Listing potential project risks and their characteristics. The
results of risk identification are documented in a risk register, which includes a list of
identified risks along with their sources, potential risk responses, and risk
categories.
Risk Analysis : Identify and manage potential problems that could undermine key
business initiatives or projects.
Plan Risk Responses : Developing options and actions to enhance opportunities
and to reduce threats to project objectives.
Plan Procurement : Procurement planning is the process of deciding what to buy,
when and from what source.
Procurement management plan is a document that is used to manage the process
of finding and selecting a vendor.
The ability to consolidate and document the fundamental components of a change
initiative: scope; schedule; resource requirements; budgets; risks; opportunities and
issues; and quality requirements.
13. Quiz 2
1. Name 5 phases of project management process groups
2. Why do Project manager require a WBS for the project?
14. Project Execution
The Executing Process Group consists of those processes performed to complete
the work defined in the project management plan to satisfy the project specifications.
Execution process involves coordinating people and resources, as well as integrating
and performing the activities of the project in accordance with the project plan.
The actions performed during this process include:
Acquire Project Team
Direct and Manage Project Execution
Perform Quality Assurance
Manage Stakeholder Expectations
Develop Project Team
Conduct Procurement
Manage Project Team
Distribute Information
Perform Quality Gate
15. Project Monitoring and Controlling
According to the PMBOK® Guide (the Project Management Body of
Knowledge), project control is a “project management function that involves
comparing actual performance with planned performance and taking appropriate
corrective action (or directing others to take this action) that will yield the desired
outcome in the project when significant differences exist.”
The project monitoring and controlling phase includes the activities below :-
16. Project Monitoring and Controlling
Project control is about comparing actual performance with planned performance
and taking appropriate corrective action that will yield the desired outcome in the
project when significant differences exist.
Monitoring and controlling project work is the process of tracking, reviewing, and
regulating the progress in order to meet the performance objectives.
o Measuring the actual performance against the planned performance
o Assessing performance to determine whether or not any corrective or
preventive actions are indicated, the status is reported and/or appropriate
risk response plans are being executed.
o Maintaining an accurate, timely information base concerned with the project
output and its associated documentation till project completion
o Providing information to support status reporting, progress measurement
and forecasting
o Providing forecasts to update current cost and current schedule information
o Monitoring implementation of approved changes as they occur
17. Project Closure
The activities of the closing phase serve the formal completion of a project and
they include such activities like the relief of the project manager, an analysis of
the project (lesson learned, supplier assessment), the organization of the
transition of project results into the live operation and if necessary, the resolution
of the technical project infrastructure
Final phase of project lifecycle where all deliverables are finalized and formally
transferred, and all documentation is signed off, approved, and archived.
It include closure of procurements process which involves administrative
activities such as finalizing open claims, updating records to reflect final results,
and archiving such information for future use
The project closure process ensures that:
o All work has been completed according to the project plan and scope.
o All project management processes have been executed.
o You have received final sign-off and approval from all parties.
18. Quiz 3
1. What are the activities involved in project closure?
19. PMI has divided the large field of project management into 10 more digestible parts,
which it calls the 10 project management knowledge areas in its A Guide to the
Project Management Body of Knowledge (PMBOK).
Project management knowledge areas coincide with the process groups, which are
project initiation, project planning, project execution, monitoring and controlling, and
project closing which takes take place during any of these process groups.
The knowledge areas are the core technical subject matter, which are necessary for
effective project management.