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MUMBAI CHAPTER
I 1
INTRODUCTION
10 KNOWLEDGE AREAS
4.
PROJECT INTEGRATION
MANAGEMENT
PROJECT MANAGEMENT
5.
PROJECTSCOPE MANAGEMENT
PROCESSES
6.
7.
8.
9.
3.
II
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MANAGEMENT
10. PROJECT COMMUNICATIONS
MANAGEMENT
FIFTH EDITION
GLOSSARY
MANAGEMENT
INDEX
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Project Management Professional Certification Examination Training Material
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Project Management Professional Certification
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rights reserved.
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MUMBAI CHAPT
Introduction
Contents
1. Purpose of the PMBOK Guide
2. What is a Project?
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Program Management.
Portfolio Management
Projects and Strategic Planning
Project Management Office
6. Business Value
7. Role of the Project Manager
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Introduction
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What is a Project?
Project Definition: A temporary endeavor undertaken to create a unique
Project Environment
Constantly changing
Generally Precedes Operations
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What is Project Management?
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Application of
To achieve
Project Objectives
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Identifying requirements
Addressing stakeholders needs and expectations
Balancing constraints including but not limited to Scopa. Quality, Schedule. Budget. Resources and
Risk
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Introduction
Stakeholders satisfaction
Achieve Financial Efficiency
Meet Objectives
Minimize Risks
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Introduction
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Program
Collection of group of related projects having common outcome or
collective capability
Managed in coordinated way to obtain benefits and control which is
not available managing them individually
Can involve managing resource constraints
Managing projects issues and change management with shared
structures
Portfolio
Collection of projects, programs, sub portfolios and operations
managed as a group grouped together to facilitate effective
management to meet strategic business objectives.
The projects or programs within the portfolio may not be
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interdependent or interrelated.
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Introduction
Sfrat~gie Plan
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Project
Management
Office
Sub projects
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BAI CHAPTER
Introduction
The Relationship Among Portfolio, Program and Project Management
The relationship among portfolios, programs, and projects is such that a
portfolio refers to a collection of projects, programs, subporttolios, and
operations managed as a group to achieve strategic objectives.
Programs are grouped within a portfolio and are comprised of subprograms,
projects, or other work that are managed in a coordinated fashion in support of
the portfolio.
Individual projects that are either within or outside of a program are still
considered part of a portfolio. Although the projects or programs within the
portfolio may not necessarily be interdependent or directly relatect, they are
linked to the organization's strategic plan by means of the organization's
portfolio.
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Relationship Between Project Management, Operations
Management, and Organizational Strategy
Operations and Project Management
Projects can intersect with Operations during product lifecycle
Knowledge transfer takes place between projects and operations
Projects versus Operations
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Introduction
Organizations and Project Management
Projects need to change with organizational changes for successful
outcomes.
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Introduction
Business Value
Business value is defined as the entire value of the business. It
could be
Tangible - physical assets such as plant & machinery, equity, etc.,
Intangible - brand value, good will, trademarks , etc.,
Depending on the type of business entity, plan for building value
can be
Short-term
Medium-term
Long-term
An entity may chose to create its 'business value' through strategic
planning and implementing projects. For example
Increasing stock holder value remain as one of the main
considerations of 'for-profit' entity
In case of 'non-profit' organization (NGO's) engage themselves to
increase or uphold value of the society
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Project Management Body of Knowledge
PMBOK Guide contains standard to manage
Most projects
Most of the time
Across'many industries
The standard
Includes processes required to manage project towards a more successful
outcome
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MUMBAI CHAPTER
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Introduction
Question No.
1
Question BanJt
The VP of marketing approaches you and requests that you change the visitor
logon screen on the company's website to include a usemame with at least six
characters. This is considered which of the following?
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A.
Project initiation
B.
Ongoing operations
C.
A project
D.
Project execution
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Question No.
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Introduction
Question No.
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Controlling
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Question No.
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Question No.
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MUMBAI CHAPT
Introduction
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Answers to QueS11ons
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