Professional Documents
Culture Documents
Course:
Project Management MGT328
In This Chapter:
2.1 Introduction.
2.2 What is Project Management?
2.3 Project Management Organizations.
2.4 Project Management Process Groups.
2.4.1 Initiating Process Group.
2.4.2 Planning Process Group.
2.4.3 Executing Process Group.
2.4.4 Monitoring and Controlling Process Group.
2.4.5 Closing Process Group.
2.4.6 Project Management Process Group Interactions.
2.5 Project Management Knowledge Areas.
2.6 Project Management Process Groups and Knowledge Areas Mapping.
2.7 End-of-Chapter Quiz.
2.1 Introduction:
Implementing projects is not an easy process. It needs the skills, tools, and
techniques of multiple professions and organizations.
So, What is the best way to implement a project? The challenge is to manage the
required project inputs in order to achieve the project outputs. Project management is
one way to overcome that challenge.
The application of project management facilitates:
(1) Completion of project on time or earlier. [Time]
(2) Not exceeding the budget and other resources. [Cost]
(3) Meeting the specifications to the satisfaction of the customer. [Customer
satisfaction]
1. Identifying requirements.
2. Addressing the various needs, concerns, and expectations of the stakeholders
as the project is planned and carried out.
3. Balancing the competing project constraints.