STUDY GROUP Season 16 Chapter 01 Introduction 22 November 2019 Introduction Overview and Purpose of this Guide PMI defines the project management body of knowledge (PMBOK) as a term that describes the knowledge within the profession of project management. This PMBOK® Guide identifies a subset of the project management body of knowledge that is generally recognized as good practice. Generally recognized means the knowledge and practices described are applicable to most projects most of the time, and there is consensus about their value and usefulness. Good practice means there is general agreement that the application of the knowledge, skills, tools, and techniques to project management processes can enhance the chance of success over many projects in delivering the expected business values and results. 3 Code of Ethics and Professional Conduct REsponsibility REspect FAirness 4 HOnesty PMI Publishes : Code of Ethics and Professional Conduct Foundational Elements A project is a temporary endeavor undertaken to create a unique product, service, or result. 5 Factors that Lead to Project Creation 6 7 ..is defined as projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives. Project Management Program Management Portfolio Management Operations 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. Operations management is concerned with the ongoing production of goods and/or services. Organizational Project Management 8 Guide Key Components 9 Project Life Cycle 10 Project and Development Life Cycles Predictive Iterative Incremental Adaptive 11 Hybrid Project Management Processes HOW MANY ??? Every project management process has: 12 Project Management Process Groups Initiating Planning Executing Monitoring & Controlling 13 Closing Project Management Knowledge Areas HOW MANY ??? 14 Project Management Process Group 15 Project Management Business Documents Project Business Case Project Benefits Management Plan 16 Thank You STUDY GROUP Season 16
