FPANGIBITAN, Gegjanni R. 2018109251 | CE RATING 0G - 03-2020 CEIGEP-2 Assignment No. 7 1 What 1s a Project? Project ocsign requires all the current ports of the efficiency of the monutacturing plant preycets, whether new or improvements to current facihtics or extensions to them. A ‘prejecr” ts a plonncd set of rescarch or oertvi- ties unoteriaken by architects, cngmecrs, Orafismen and others from otper icles or agencies A pracect can also be characterized ar a collection ef inputs and oujouis necaed fo achieve a upecitic otyective. Preects can vary trom basic 70 complicaied ond can be performed by one 10 @ hundred’ monviduals. A minor projec? can be ted by a fprasecl manager. The project mana- ger or management committee typically overséar big tasks Mast of ie Time, projects are ascignca or cnirusied oy 9 manager or an aammustra tor Some teams soli the project into marvidual tacks for succeseful group monogenent vo Mart they can maintain frangparency ond make ure of team revources. 2 What is preyect management ? Pracct management consists of the implementation, under the defined framework of proccoures, vtrategits, resources, Skills and experiences in order to meet proscct goalr accorerng To project aporoval requirementr. The ac- Tual outcomes in pracct management are limited 10 a wpecitic timeline and pracct buaget. Preyect management has me primary responcibilizy 10 fulfil all project goals under the ypecified constraints. The project documentation, producca at fhe siart of the deyveigoment process, usually Oescriber the information. Scope, time, price ond budget are some of the main conctrainie Jn ceria cascs, the administration of projects mvotves | includes tie field of infrastructures and construction health care and information Scanned with CamScannerTechnology. The project manager appcars to have essentially the same role nO Motter what the fica’ is, to help actermine the projects goalr and prio- rities and 70 aeciae when and by how the different proyect components Or clkmente vhould be achicycd. & Whor are the Process Group of Prycct Management ? There are a number of components of precct management. A project management tyttem hos five processes management groups. Procesr Management Process Groups include: a. Inthating b. Planning c. Executing d. Monitoring and Controlling e- Closing Initiating 5 LPlanning | Monitoring & Controlling L, Closing INITIATING - the initiating process helps to crlablish the idea of what ig 70 be done. The soonsor Iegaily approver Ihe proposal, Aetcrmines the original framework and socerties sioreholaers. “PLANNING - it is necessary 10 establish the scope of the preject ara whole in thir vtage. here, project plans ore produced at a much more comprehensive level in Qn iterative ancl more thorough Gevclooment cycle called progressive preparation. The team can think through the entire Praect in aeVvance in planning. They are not only making @ range of etrategics, They are also considering anything which moy go wrong ord how 10 adapt to it (+ Fxecuting Scanned with CamScanner“EXECUTING ~ here, ie project team kegine fo produce the goats ond objectives while ie jerajeet manager control the rerourees ond raw moterials. in ts Siage, The buager alloted for the buabet will be spent ard The outcomes of the proycer will be scen *MONITORING AND CONTROLLING - this 1s the stage where you get back on track, compare the plan to the actual, measure variance, and fake corrective action. “CLOSING - by archiving documents, howing a lesson, and praising and releasing the vtaff, the monager will officially close the job. 4. What are the Knowledge Areas of Preect Management ? The knowledge areas occur throughout any Time during process groups. They ore the main strategic vubect of the preject manager ano carry tht prose ef to life. These arc thc 10 Preject Monagement Knowledge Areas 4 Project Integrotion Management - includes activities that organize and incorporate the wirfative ar a wingle whole. 2 Project Scope Monagement - covers the veqpe of rhe preter, e. Tht project wort. 3 Proyect Schedule Management - the oraect manager will ofvioe the project into Tasks during preparation and ereate both a timeline and o budger for cach job. 4. Prefect Cost Management - this is where the budget of the project i being handled since it ir usually one of the most sensitive clemeny or component of a pracct. & Praject Quality Monagement - due to ths crscntiol aspect of the quality of the project performance, the quality siandord will be calculated ond atfinea in the prajtct monagement plan during proyect preporotion. &. Project Resource Management - this orea of experiise IS concerned with fhe development of hagoiness ond wueccess of fhe right team. z Project Communications Management - a communicotion strategy must be ertabliched to keep all stakeholaers in The path of the entire project ond to communicate af an eorly stage whcn unforcsecn problems arise. Scanned with CamScanner8 Project Risk Management onc of the most neglected forms of project monagement is rick manogement. Significant risk 1 guile ueidom detected and evaluated inside the Project Management Plon however when the project wtakcholdenr are ache. unforeseen problems vecn 10 be forgiven for Toster. 9. Project Procurement Management - this incluctes the strategy for which outside contractors complete prajcctr Or vervices The tego! documenta non ana! plonning jorocess 1s afro being bull! and prepored in advance. 10. Project Stakeholder Management - the method requires the recognition of individvels, groves and! orgonizations affected by the project oelvery itis also 70 ensure thot stokchalders remain active during the Ife eycie of tht project once established Scanned with CamScannerREFERENCES * Wikipedig. Project Management. Retrieved! from hi tps:/{en.wikppedia. Org / wiki] Prajech_ monagement # Procest-groups «Master of Protect Academy. What are the Project Management Process Groups? Retritved from hitps:lmasterofproject. com|blog /7736/prajeet -manogement! process-groups «Project Monagement Institute. Whol is Prefect Monagement? Retricvea! from atips:] www. ni..org/obout / torn about -pmi /what-ts- praject-manogement/ yAssociation for Project Management. What is Project Management? Retrieved from hf fos www: oom .arg-uk /resources / what is -farajeer-management / Project Monagement Institute, A Guide to the Project Monogement Boay of finowleoge (PMGOK Guide) -Jixth Edition, Project Management Institute Ine., 2017, Page 25" xProjeetEnginecr. The 10 PMBOK Knowlcage Areas. Retrieved from ht fos: www. profectenginecr. net/ the - 10 - ambos -kngwieae -arcar/ Scanned with CamScanner