|Exam Name||:||Project Management Body of Knowledge 5th Edition|
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|Updated On||:||March 16, 2018|
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find out how to prepare for the assignment administration Institute's (PMI)® prestigious venture management skilled (PMP)® certification examination via studying the primary seven chapters of A ebook to the undertaking management body of abilities (PMBOK® ebook), fifth edition--the elementary aid for the PMP® certification examination. raise your assignment management IQ through discovering tips and thoughts involving the questions you will come upon on the PMP® exam. Use confirmed getting to know recommendations to help soak up key terminology, concepts, and formulation.
This direction, the first part of a two-route sequence, will demystify the PMBOK® ebook! discover concerning the 10 mission management capabilities Areas, 5 process organizations, and forty seven undertaking management procedures. This direction will aid you profit clarity about loads of topics like precedence diagramming, estimating, and scope administration.
project management Institute (PMI) currently updated the PMBOK guide with alterations to the project management expert (PMP) exam taking effect March 26, 2018. This path currently references the PMBOK guide – Fifth version and the latest edition of the PMP examination. We welcome you to sign up in this latest version of the course as it displays the existing edition of the PMP exam.
A route that references the PMBOK book – Sixth version and the upcoming models of the PMP examination can be purchasable January 2018.
6 Weeks / 24 course Hrs
beginning December 13, 2017
Cornelius Fichtner assist you along with your PMP examination Prep (https://www.challenge-administration-prepcast.com) as well as earn free PDUs (www.pm-podcast.com/pdu). Passing the PMP examination is tough, but retaining your PMP Certification alive is just as difficult. getting ready for the exam requires an in-depth examine of the PMBOK ebook and dedicated look at discipline. And once you are PMP certified, then you definitely are required to earn 60 expert development devices (PDUs) each three years to hold your certification alive. Let me help you are making this adventure less complicated with assistance and hints on the way to put together for and flow the examination as well as efficaciously earning your PDUs when you are certified.About this weblog RSS contemporary Posts
Episode 406: leading tasks devoid of Authority
Episode 405.2: The PMI-ACP examination is changing in 2018
Episode 405.1: The PMP exam is changing in 2018
Episode 404: constructing trust the usage of virtual conversation
Episode 403: superior Product exceptional Planning
(click to down load MP3...)
PMI-ACP" src="http://www.project-management-podcast.com/images/guests/alicia_burke.jpg" class="c15" title="Alicia Burke, Global Product Manager PMI-ACP"/>
The Agile practice book turned into launched along side A ebook to the challenge management body of abilities (PMBOK® ebook) – Sixth edition in September 2017. due to this fact the mission administration Institute (PMI)® wil enforce a "lexicon update" to the PMI Agile certified Practitioner (PMI-ACP)® examination om 26 March 2018. here's to make certain that examination lexicon is in line with the new book.
This interview with Alicia Burke (LinkedIn Profile) changed into no longer recorded at the grand PMI global convention 2017 in Chicago, Illinois as a result of we had scheduling conflicts. So we recorded it by means of Skype after the convention. We talk about the how, what, why and when of the adjustments which are coming to the PMI-ACP examination.
youngsters the PMI-ACP is not a look at various of the Agile apply book, it's going to develop into one of the most references for the exam. This skill that students getting ready to take the examination after the trade can are expecting to peer lexicon alterations and terminology used in the examination to be in step with the guide. college students planning to take the exam after the exchange are counseled to make use of PMI-ACP exam prep materials that are up to date to the brand new e book.
(This interview become initially posted on The task administration Podcast.)Posted on: November 28, 2017 12:30 AM | Permalink
The challenge administration skilled (PMP) certification by the venture management Insititute (PMI) is a sensible choice for undertaking managers in any business. according to PMI, a PMP certifcation can increase your salary by way of a normal of 20% and support your organiation finished more of their initiatives on time, on price range and meeting long-established dreams.
As you’re gearing up on your PMP examination, listed here are 10 suggestions to assist you acheive PMP certification success.
one of the vital largest error you can make whereas making ready to your PMP examination is to begin studying the use of the PMBOK e book, or PMI’s ebook to the venture administration physique of talents. It’s like self-gaining knowledge of the Greek language with none advice. The PMBOK carries a lot of new terminology that you just can also find tricky to take into account. The sheer quantity of difficult terminology, processes and the input, and thoughts and the output (ITTO) makes it overwhelming to assimilate. whereas the PMBOK should be read, consider of it greater of a reference text than a study course.
The PMP exam will look at various you on five domains overlaying loads of distinctive discipline areas. You have to be certain you've got enough time to overview all domains as a minimum once; this includes now not handiest gaining knowledge of, however also finishing mock tests, touring on-line boards and spending time beyond regulation reviewing areas that need improvement.
devoid of ample planning, your possibility of success will drop. creating a examine plan that suits your very own needs is simple; even an easy to-do list can assist a whole lot. to your customized look at plan, make sure to agree with components reminiscent of:
The PMP exam is a pragmatic examination that assessments your utility of challenge management ideas and theories in precise existence scenarios. as a result of the volume of terminology within the PMP domains, many try to memorize their option to success handiest to find the application nature of the examination when it’s too late. reading to be mindful helps you internalize the ideas and follow training to true life situations. youngsters, basic items like method corporations, potential areas and ordinary formulation should be simply recallable by means of any mission supervisor. These include agenda and value management formulas, critical direction evaluation and more.
This may also sound overly standard, but your first step to success is understanding the problem you are likely to face. The PMI site will aid you find fundamental information on the PMP certification examination. it is going to also supply links to lots of advantageous guidance, reminiscent of respectable practising providers, exam issues, follow questions and look at cloth.
The PMBOK e book includes primary details akin to a top level view of the certification and the examination, together with its must haves, how many and what type of questions you are about to face, time disbursed for examination and the passing mark.
It also provides precise information on the issues lined within the examination, together with the percent of questions committed to each and every field. This helps a whole lot, particularly in constructing your examine plan.
The PMP handbook, PMP exam content define and PMP sample Questions are all purchasable as free downloads on the PMI site. Use these as a place to begin to consider your figuring out of the 5 PMP exam domains.
finding out to use a self-analyze-only strategy can also seem like a bold determination, however may additionally now not be the superior strategy. it's essential to consider reaching examination success requires in-depth competencies of a few diverse subjects. notwithstanding you have got actual-world journey, a few of it can now not follow on account that PMI’s aspect of view may well be reasonably distinct from the projects you're used to doing within the box.
Going through a certification preparation course means that you can spend time with an skilled instructor, with genuine advantage on how to beat the exam. it is a brilliant opportunity to get your whole questions answered, share experiences and techniques, and even network whether it is in-adult practising. This results in a more advantageous success fee on any certification examination.
No PMP candidate should method the exam with out the help of observe questions. The PMP exam contains 200 questions that have to be answered in 4 hours – that’s lower than one minute per question! This potential you should be at your top-rated, now not best in terms of talents of the 5 PMP domains, however additionally when it comes to time administration and stress control.
To get all started, evaluation PMI’s PMP sample questions. a further alternative is InfoSec Institute’s follow check provider, SkillSet.
As for observe exam examine outcomes, do not be discouraged. except you are an experienced look at various taker, it is rather general for things to move sour all through the first circular of questions, certainly if you aren't performed along with your analyzing and prep course. Take your time to study and use every resource available to clarify any doubts. via the end of your look at plan, you'll see consistent outcomes on apply assessments.
a simple Google search will discover a few PMP forums, wikis and private sites the place each candidates and authorized authorities share their certification experiences.
As normal, it's vital to examine the credibility of any supply you're the use of. for example, in case you are seeking for a proper definition of an idea that is lined in the examination, the premier approach is the usage of respectable material, e.g., books, instructions and other reputable publications. however, in case you are searching for everyday information, posting your query to an online forum such as reddit or TechExams can be fairly useful.
Many candidates visit online forums and seek “PMP success.” this may function each practise and motivation for the upcoming examination. when you are feeling assured, searching “PMP failure” posts may also also provide you with some crucial suggestions, as getting to know from the errors of others is far less painful than from your personal.
A word of counsel: until you have got time to assist others, prevent poisonous people and posts. Many unlucky exam takers log on to vent their frustration and this will also be discouraging.
handle these three staple items as a minimum a week in enhance of your examination:
Use these tips to clear your mind and stay focused all the way through the examination:
PMP Pricing – InfoSec
in the conclusion, the PMP certification is an outstanding option to strengthen your profession. youngsters, as anticipated, such merits come at a cost: only essentially the most committed candidates will be triumphant. Plan forward, use the aforementioned advice as a basis in your look at method, however additionally consider enrolling in authentic practising.
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PMBOK-5th Certification Brain Dumps Source : Project Management Body of Knowledge 5th Edition
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form by way of:page: 1 2 3 next> the primary issue to do is taking all of the connected files and tips posted via the PMI inside the certification space, reading them and knowing them.
Nov 11, 2017 2:24 PM
...well, these are actually some twenty documents. hence: greater beginning early. Saving adjustments... ^ additionally set a path for yourself towards the aim. since your exterior influencers; spouse, family unit, work, and many others., assess [realistically] what will also be carried out every day and weekly to progress towards the finish line - content, study time, examine trend...
in conjunction with that, prepare and submit your PMP application. Get this step out of ways ahead of going headstrong into your studies. You do not want to get derailed by the difficulties in preparing the utility or the opportunity of non-approval. also, be prepared for the potential of an audit. Nothing to be anxious about you probably have organized with integrity. we'd indicate notifying your references to inform them prior simply in case.
Nov 13, 2017 1:30 PM
...hi there Andrew,
What would you imply with the aid of: "be prepared for the skills of an audit"?
thank you for just a little extra clarification.AnicetSaving adjustments... There are numerous threads on this question on projectmanagement.com. although, here is a quick record of what you should do as per my experience:
1. study PMBOK absolutely and understand the phrases, dont memorize2. I followed Rita's PMP examination Prep e-book, it offers you respectable understanding of phrases.3. Get some PM fastrack software to get a suppose of situation based questions you could be encountering in exam, they're usually intricate. I followed Rita's fastrack.4. There are few formulation which you'll want to remember and observe.5. i recommend 250- 350 hrs study.6. in case you can manipulate it earlier than 6ht version take into effect, get to examine now.
Nov 11, 2017 7:20 PM
Navdeep Singh Gulati
...respectable steps Najam. One element i would add here that after studying and training on RITA,last few days may still be PMBOK.The test papers comes from this book, so keep in mind it neatly.analyzing RITA helped me to keep in mind PMBOK plenty more suitable and more convenient. Saving adjustments... i will be able to’t emphasize ample using Rita's PMP exam Prep publication!splendid analyze assist and method to in reality take into account the material and top-quality to follow it.
Nov 13, 2017 2:33 PM
...I echo James!Rita's ebook and/or CD paired with the PMBOK with a lot of practice questions! Saving adjustments... believe of your purchasable time for coaching and preserve it in mind that PMP test from 28th March 2018 will be based on revised path work. So in case you believe you'll want more than 3 to 4 months before you face the examination then prepare yourself in accordance with new path work.
Nov eleven, 2017 2:25 PM
Nov 11, 2017 2:29 PM
Hitesh MehtaSaving changes... Najam summarized all of it. I totally agree. That’s what I did in terms of elements. Saving changes... good luck brother Saving adjustments...
Nov 11, 2017 7:33 AM
Replying to Sergio Luis Conte
...the first component to do is taking all the linked documents and guidance posted via the PMI inner the certification space, studying them and understanding them. smartly, these are in reality some twenty files. therefore: more advantageous start early. Saving adjustments...
Nov eleven, 2017 1:21 PM
Replying to Hitesh Mehta
...feel of your available time for education and keep it in intellect that PMP look at various from 28th March 2018 might be in keeping with revised course work. So if you believe you'll need more than three to 4 months before you face the exam then put together yourself according to new direction work. New route work? Saving adjustments...
Nov 11, 2017 1:21 PM
Replying to Hitesh Mehta
...believe of your accessible time for training and hold it in mind that PMP verify from 28th March 2018 can be according to revised path work. So in case you trust you're going to want more than 3 to 4 months earlier than you face the exam then prepare your self based on new path work. sure at the moment the verify is according to PMBOK fifth version. From March you should face an exam according to PMBOK sixth edition.
https://www.pmi.org/pmbok-book-requirements/...ok/sixth-versionSaving adjustments... page: 1 2 three next>
The purpose of the working towards is to prepare the college students for the PMP certification examination and with a purpose to improve/increase the project administration abilities at the corresponding ranges.
international Impeccable practising & Consulting Pvt. Ltd. gives an entire range of challenge management practising Interventions in mission management. venture administration knowledgeable (PMP) is the most globally identified and revered certification for mission Managers, validating their potential in initiating, managing and conserving small or giant scale tasks. it's correct for venture Managers in any of the commercial operating industries. it's a longtime venture administration practising and building establishment that offers flexible training alternate options for delegates who are looking to boost the task administration skills and careers.
We instruct you in everything you deserve to be aware of a way to flow the exam for the PMP certification.
PMI's certifications reveal abilities employers that you are interested in constructing knowledge and staying up so far to your chosen box of skills.
All of our PMP classes are in sync with the standards of PMI and PMBOK fifth version as delivering applicable course contents and 35 contact hours of coaching.
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PMP Genius is the only PMP prep app that you need. It measures your progress in a clear and intelligent manner to motivate you to learn quickly. It has more than 500 questions that are unique and chosen from the PMBOK® Guide 5th edition.
Categories:01. Communication Management02. Cost Management03. Framework Management04. Human Resource Management05. Integration Management06. Procurement Management07. Professional Management08. Quality Management09. Risk Management10. Scope Management11. Stakeholder Management12. Time Management
Key Features:• Two Study Modes: Flashcard and Practice Test• Detailed Explanation for each question• Feedback: Communicate with the PMP experts• Intelligent Progress Card
The Project Management Institute (PMI®) offers the Project Management Professional (PMP) credential which is the most important, industry-recognized certification worldwide for project managers. This certificate adds to the market value of project managers as it ensures that the project managers have promising experience and education in the field. According to a survey by PMI®, the PMP test leads to an incremental growth in a project manager’s salary, thereby explaining the huge demand of the test.
In order to apply for the PMP test, you need to have:• A certificate or a proof that you are an experienced project manager who is looking forward to solidifying skills in the area of project management.• A high school or equivalent degree with at least 5 years work experience in project management consisting of 7500 hours of managing and directing projects and 35 hours of project management education.OR• A bachelor’s degree with at least 3 years of work experience with 4500 hours spent on directing projects and 35 hours of project management education.
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1 C OMMUNICATIONS M ANAGEMENT
2 2 [Ref: PMBoK 5th Edition by PMI, USA]
3 M ANAGE C OMMUNICATIONS P ROCESS The process of creating, collecting, distributing, storing, retrieving and the ultimate disposition of project information in accordance with the communications management plan Key Benefit: It enables an efficient and effective communications flow between project stakeholders 3 [Ref: PMBoK 5th Edition by PMI, USA]
4 MANAGE COMMUNICATIONS PROCESS (CONT’D…) This process ensure that the information is flowing back-and-forth as planned It is about implementation of communications management plan i.e. fulfillment of information needs of stakeholders using the technology, models, and methods established in the plan Goes beyond (only) distribution of relevant information – and ensure that the information being communicated has been properly generated, received and understood The project manager (should) provide(s) opportunities for stakeholders to request for further information and clarification, as needed 4 [Ref: PMBoK 5th Edition by PMI, USA]
5 MANAGE COMMUNICATIONS PROCESS – ITTOS Inputs Communications Management Plan Work Performance Reports EEFs & Os Tools & Techniques Communication Technology Communication Models Communication Methods Information Management System Performance Reporting Outputs Project Communications Project Management Plan Updates Project Documents Updates O Updates 5 [Ref: PMBoK 5th Edition by PMI, USA]
7 MANAGE COMMUNICATIONS PROCESS – INPUTS Communications Management Plan Describes how project communications will be planned, structured, monitored and controlled Communications management is conducted in the light of this plan Work Performance Reports Are a collection of project performance and status information that may be used to facilitate discussion and to create communications Should be comprehensive, accurate and available in a timely manner EEFs & Os 7 [Ref: PMBoK 5th Edition by PMI, USA]
8 MANAGE COMMUNICATIONS PROCESS – TOOLS & TECHNIQUES Communication Technology To ensure that choice of communication technology is appropriate for the information being communicated Communication Models To ensure that choice of communication model is appropriate for the project and any barriers (noise) are identified and managed Communication Methods To ensure that the information created and distributed (during the project) has been received and understood to enable response and feedback Information Management System ludes the tools used to manage and distribute the project information. E.g Hard-Copy document management (e.g. letters, reports, etc) Electronic Communication (e.g. s, telephone, fax, websites etc.) Electronic Project Management Tools (e.g. Project Management software tools like MS-Project, Primavera, MS-Sharepoint – for scheduling and collaboration) 8 [Ref: PMBoK 5th Edition by PMI, USA]
9 MANAGE COMMUNICATIONS PROCESS – TOOLS & TECHNIQUES (CONT’D…) Performance Reporting Collecting and distributing performance information, including startup reports, progress measurements, and forecasts ludes periodic collection and analysis of ‘baseline-Vs.- actual’ data Involves understanding of project performance, and forecasting project results Provision of relevant information for project stakeholders through project reports Project Reports Simple Reports E.g. Percentage complete of Scope, Schedule, Cost, Quality etc. Detailed Reports: E.g. Status Reports, Progress Reports, Trend Reports, Forecasting Reports, Variance Reports, Earned Value Reports, Lessons 9 [Ref: PMBoK 5th Edition by PMI, USA]
10 MANAGE COMMUNICATIONS PROCESS – OUTPUTS Project Communications Performance reports Status of Deliverables Schedule Progress Costs urred, etc. Project Management Plan Updates ludes project baselines, stakeholder management plan etc. Performance is measured against baselines, and deviations are measured for management control. PM Plan may need to be updated based on the current project performance Project Documents Updates O Updates 10 [Ref: PMBoK 5th Edition by PMI, USA]
11 C ONTROL C OMMUNICATIONS P ROCESS The process of monitoring and controlling communications throughout the entire project life cycle to ensure the information needs of the project stakeholders are met Key Benefit: Ensure an optimal information flow among all communication participants, at any moment in time 11 [Ref: PMBoK 5th Edition by PMI, USA]
12 CONTROL COMMUNICATIONS PROCESS – ITTO’S Inputs Project Management Plan Project Communications Issue Log Work Performance Data Organizational Process Assets Tools & Techniques Information Management Systems Expert Judgment Meetings Outputs Work Performance Information Change Requests Project Management Plan Updates Project Documents Updates O Updates 12 [Ref: PMBoK 5th Edition by PMI, USA]
13 C ONTROL C OMMUNICATIONS P ROCESS The process of monitoring and controlling communications throughout the entire project life cycle to ensure the information needs of the project stakeholders are met Key Benefit: Ensure an optimal information flow among all communication participants, at any moment in time 13 [Ref: PMBoK 5th Edition by PMI, USA]
14 CONTROL COMMUNICATIONS PROCESS – ITTO’S Inputs Project Management Plan Project Communications Issue Log Work Performance Data Organizational Process Assets Tools & Techniques Information Management Systems Expert Judgment Meetings Outputs Work Performance Information Change Requests Project Management Plan Updates Project Documents Updates O Updates 14 [Ref: PMBoK 5th Edition by PMI, USA]
15 15 [Ref: PMBoK 5th Edition by PMI, USA]
16 DETAILED DISCUSSION CONTROL COMMUNICATIONS PROCESS – INPUTS Project Management Plan Describes how project will be executed, monitored, controlled and closed. Provides information for Control Communications, e.g.: Stakeholder Communication Requirements Reason for distribution of information Time and Frequency of information distribution People responsible for communication of information The receiver of the information Project Communications Involves activities required for information and communications to be monitored, controlled, acted upon, and released to stakeholders. ludes various (simpledetailed) types of communications, e.g. Deliverable Status Schedule progress Costs incurred Issue Log Used to document and monitortrack the resolution of issues May be used to facilitate communication and ensure a common understanding of issues Consists of the person responsible for resolution of issues by a target date Provides the status of what has happened in the project 16 [Ref: PMBoK 5th Edition by PMI, USA]
17 CONTROL COMMUNICATIONS PROCESS – INPUTS (CONT’D…) Work Performance Data Raw observations and measurements identified during activities being performed to carry out the project work Lowest level of detail – from which information is derived (by other processes) Gathered through work execution and passed to the controlling processes of each process area for further analysis Examples: Work completed, KPI’s, technical performance measures, startfinish dates of schedule activities, number of change requests, number of defects, actual costs, and actual durations May include communications related information e.g. which communications have actually been distributed, feedback on communications, other observations identified during communication activities Organizational Process Assets Report Templates Policies and procedures related to communications 17 [Ref: PMBoK 5th Edition by PMI, USA]
18 CONTROL COMMUNICATIONS PROCESS – TOOLS & TECHNIQUES Information Management Systems Provides a set of standard tools to capture, store, distribute information about schedule, costs, performance etc. They may also include capabilities of consolidating reports from other systems, and distributing them to stakeholders Expert Judgment To assess impact of communications, and identify the need for necessary action (and their responsibilities and timeframe) Based on this, project manager determines the actions required to ensure that the right message is communicated to the right audience at the right time Meetings For discussion on the most appropriate way to update and communicate project performance, and to respond to various requests from stakeholders for information 18 [Ref: PMBoK 5th Edition by PMI, USA]
19 CONTROL COMMUNICATIONS PROCESS – OUTPUTS Work Performance Information Organizes and summarizes performance data Change Requests Control Communications often results in need for adjustment, action and intervention – for which change requests are generated CRs are processed through ‘Perform Integrated Change Control’ May result in: New or revised cost estimates, schedules, activity sequences etc. Adjustment to Project Management Plan Recommendation for corrective action to bring future performance back in line with the PM plan Recommendation for preventive action to reduce the probability of future negative performance 19 [Ref: PMBoK 5th Edition by PMI, USA]
20 CONTROL COMMUNICATIONS PROCESS – OUTPUTS (CONT’D…) Project Management Plan Updates Communications management plan may need to be updated, as a result of Control Communications Other components of the PM plan may need to be updated (e.g. stakeholder and HR management plans) Project Documents Updates May need to be updated as a result of this process, e.g. forecasts, performance reports, issue log etc. O Updates 20 [Ref: PMBoK 5th Edition by PMI, USA]
This post is about my preparation I did for successfully clearing my PMP exam. While preparing for the exam I jotted down some important points from all the chapters that helped me in quickly summarizing. The points presented in the notes are important from my perspective and might differ as per your understanding of the subject, however this can be used as an reference,
Topics covered in Part 1 are : Introduction, Organizational Influences & Project Life Cycle, Project Management Processes, Project Integration Management.
1. A project is a temporary endeavor.2. A portfolio refers to collection of projects, program, sub-portfolios and operations managed as a group to achieve strategic objectives.3. Programs are grouped within Portfolio and are comprised of sub-programs and projects.4. Individual projects are either within or outside a program but considered as part of portfolio.5. Project management is the application of knowledge, skills, tools and techniques to meet the project requirements.6. The development of project management plan is an iterative activity and progressively elaborated throughout the project's lifecycle.7. OPM (Organizational Project Management) is a strategy execution framework utilizing project, program and portfolio management as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing better performance, better results and a sustainable competitive advantage.8. A PMO is management structure that standardizes the project-related governance processes and facilitates sharing of resources, methodologies, tools and techniques.9. Type of PMO:
10. O – Organizational Process Assets are the plans, processes, policies and knowledge bases specific to and used by the performing organization. It also includes the organization's knowledge bases such as lesson learned and historical information. It also includes completed schedules, risk data, and earned value data.11. O's is grouped in two categories:
12. Operations are ongoing endeavors while projects are temporary endeavors.13. Organizations use governance to establish strategic direction and performance parameters.14. It is important for project managers to be knowledgeable about organizational governance, policies, and procedures.15. Organizational strategy should provide guidance and direction to project management. It is expressed through organization's mission and vision, including orientation to market, competition and other environmental factors.16. Business values is defined as the entire value of business; total sum of tangible and intangible elements.17. Successful business realization begins with comprehensive strategic planning and management.18. A project manager is the link between strategy and team.19. Competencies for project manager:
II. Organizational Influences and Project Life Cycle:
1. The organization's culture is an Enterprise Environmental Factor (EEF).2. Culture becomes critical factor in defining project success, and multi-cultural competence becomes critical for the project manager.3. Project management success is high dependent on effective organizational communication.4. Organizational structure is an Enterprise Environmental Factor (EEF).5. In weak matrix organization the role of project manager is more of expeditor or coordinator.6. Strong matrix organizations have many of the characteristics of projectized organization and have full time project managers with considerable authority.7. Balance matrix organizations recognizes the need for project manager, however it does not provides full authority to project managers.8. Composite organization is a mix of functional and projectized organizations.9. Enterprise Environmental Factors (EEF) refer to conditions, not under control of the project team, that influence, constraint and direct the project.10. A stakeholder is an individual, a group or organization who may affect, be affected by, or perceive itself to affect by a decision, activity, or outcome of a project.11. Stakeholder identification is a continuous process throughout the project's life cycle.12. Project governance is an oversight function that is aligned with the organization's governance model and that encompasses the project life cycle. It is a critical element of any project.13. A project governance is separate from organizational governance.14. The project governance should be clearly defined and described in project management plan.15. Project Team includes, Project management staff, Project staff, Supporting experts, User or customer representatives, Sellers, Business partner members and business partners.16. A project life cycle is the series of phases that a project passes through from its initiation to its closure. It provides basic framework for managing the projects, regardless of the specific work involved.17. A project phase is a collection of logically related project activities that culminates in the completion of one or more deliverables.18. Two basic types of phase to phase relationship are:
19. Predictive life cycles (aka fully plan-drive) are the ones in which the project scope, and the time and cost required to deliver the scope are determined as early in project lifecycle as practically possible.20. Changes to the project scope should be carefully managed and re-planned with formal acceptance to new scope.21. Iterative and remental Life Cycles are one in which project phases (also called iterations) intentionally repeat one or more project activities as the project team's understanding of the product increases. Thus this life cycle develops the product both iteratively and incrementally.22. Large and complex projects are frequently executed in an iterative fashion to reduce risk by allowing team members to incorporate feedback and lessons learned between iterations.23. Adaptive life cycles (aka change driven or agile methods) are intended to response high level change and ongoing stakeholder involvement.
III. Project Management Processes:
IV. Project Integration Management: