The project manager must be well trained in these methodologies to produce a quality product. Since scope changes are one of the top causes of project changes and grief in general, it is very important that the boundaries of the project be well defined from the outset and monitored rigorously. Cost Management - Net present value, return on investment, payback analyses, earned value management, project portfolio management, cost estimates, managing cost plans, and cost baselines. A Knowledge Area is an identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, input, outputs, tools, and techniques. Everyone involved in projects must have communication of the project's status, progress, issues, changes, and the direction. Project managers need to manage a lot of moving parts. The Project Management Body of Knowledge (PMBOK), produced by the Project Management Institute, is the gold standard for the project management profession. ⦠These knowledge areas utilize sections through each one of the particular method accumulations. The Project Time Management knowledge area also has five processes: Activity Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development, and Schedule Control. We will explore how just-in-time access to knowledge in the normal course of work, knowledge sharing in a community of practice, and a formal learning curriculum tied to career path ⦠Project Procurement Management 7. Scope includes collating all the information required to begin a project and ⦠⦠For me, this knowledge area is a lot of common-sense stuff about ensuring everyone has a clear understanding of what is going on. These are the ten project Management knowledge area. The 10 Knowledge Areas that have been defined in project management are: Project Integration Management; Project Scope Management Quality Management - Quality metrics, checklists, quality control charts, Pareto diagrams, fishbone diagrams, maturity models, and statistical models. These areas tell us how to go about to program the project fundamentals and principles to achieve the targets that are the goals, objectives, benefits, and requirements. !. For example, if you are developing a software or an application then their activities such as build, code, deploy, testing, and prod these forms 3 main areas such as development, testing, and production. Project Audit: Process, Types, Objectives and Goals, DevOps Certification Training in United Kingdom, Green Belt Certification Training in Muscat, Six Sigma Black Belt Certification Course in New York, CSM Certification Training in Indianapolis, Prince2 Practitioner Certification Training in Singapore. This is covered first in the PMBOK® Guide, but itâs about bringing together ⦠The PERT tool help in managing the times with the help of buffers such as project buffer, resource buffer, and feeding buffers. Each of these areas of knowledge will be explored in more depth in subsequent chapters. Risk - Risk is nothing but the uncertainty in the projects. Each Knowledge Area is made up of a set of processes, each with inputs, tools and techniques, and outputs. Risk Management - Risk management plans, risk registers, probability/impact matrices, and risk rankings. We have to apply both knowledge and skills to clear the PMP examination. To know more about the cost management do the PMP certification online. The schedule shows the start time and finishes time for the project completion and all the activities. Organizations may utilize from below listed 10 knowledge areas as appropriate for specific projects: 1.Integration Management includes the processes and activities to identify, define, combine, unify and coordinate the various processes and project management activities within the project management ⦠These knowledge areas include: 1. 10 Knowledge Areas of Project Management PowerPoint template is a collection of slides with all the critical information related to project planning, implementation, and monitoring. 1. Project Management Knowledge Areas In addition to the Project Process Groups, the PMI has defined 10 Project Knowledge Areas. This knowledge area is concerned with estimating the duration of the project plan activities, devising a project schedule, and monitoring and controlling deviations from the schedule. 1 / 12 Blog from Knowledge Areas Project Management rules are governed by Project Management Body of Knowledge called PMBOK which is currently in its 6th edition. 1.1.2. In her book "Information Technology Project Management", she describes each of the nine knowledge areas and identifies some of the tools and techniques used in each area. Project Integration Management: This knowledge area tells you how to bind all processes of project management to achieve project objective. ⦠Risk Management. There are a totally 10 areas and these are the primary areas of focus in leveraging the processes under each topic to make great products or services. The scope is one of the triple constraints of managing and must be controlled. They are the core technical subject matter of the project management profession, and they bring the project to life. How relevant, effective and efficient are the knowledge areas in address the challenges faced by project implementation in modern project undertakings. A Guide to the Project Management ody of Knowledge⦠PMP is a knowledge with experience based exam. Project Communications Management 9. 9. Project Management Knowledge Area. This knowledge area involves the project scope, that is, the work that is included within the project. What are the Components of Cost of the Project? Project Integration Management. For example, the Prepare process for tacit information includes scheduling project debriefs and Key Topic reviews (a.k.a., âCross-Projectâ reviews, for topics that cross ⦠READ MORE on project-management-knowledge⦠The PMBOK Guide defines ten knowledge areas for successful project management. READ MORE on www.girlsguidetopm.com. The BABOK has 6 Knowledge Areas, whereas the PMBOK contains 10 Knowledge Areas. To register for the PMP online training visit StarAgileâs website. 5. Therefore, the deliverable quality level should be defined at the stage of project planning and a project manager should specify it in the overall project management ⦠Risk - Risk is nothing but the uncertainty in the projects. The risk log is where the risks of projects ⦠All Rights Reserved, Designed and Developed By Nexevo Technologies, Note: This coupon code is applicable for all the trainings. This paper reflects on the application of the nine knowledge areas of Project Management. Any change to time will negatively impact the other two. The PM is the key resource responsible for the communication within the project teams, project sponsor, top management, and the customer. These aspects such as scope of the project, given time frame, project cost, risk, quality, communication, procurement and human resources are termed as project management knowledge areas in PMBOK® Guide. 2. This is one point where you can plan the ways of keeping the project within the established boundaries. PMBOK project management knowledge areas sort 49 project processes into logical groups, facilitating their selection for a project. Customer engagement is the key thing with having weekly calls to the customer about updating the progress and get direction from the customer on his project. It is necessary that the project manager master the skills of project management by mastering these 10 PMP knowledge areas. âI Saw Two Cars Quickly Hit Carlâs Rear Passenger Sideâ Yikes! Scope management. There are various tools such as Design for Six Sigma and six sigma methodologies to control the products or services of the project. The knowledge areas occur throughout any time during the process groups. It is necessary to manage the cost within the budget so that the benefits of the work reach the project sponsor or the organization. To make it easier for people to understand project management, all PMBoK knowledge areas are classified into nine categories by PMBOK Guide.It is one of the most comprehensive model documents for project managers. You need to think about the key areas that go into executing a project. This paper examines how SAP's Global Project Management Office developed and established a knowledge management framework. Achieving six sigma ensures that there are no defects for 99.9966% of the time that is there are only 3.4 defects per million opportunities (DPMO). 6. They cover each of the 47 project management processes. 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