Nobody downloaded yet

A Guide to the Project management Body of Knowledge - Book Report/Review Example

Comments (0) Cite this document
Summary
A Guide to the Project management Body of Knowledge: (PMBOK Guide) 4th edition An Introduction to Project Management A project is a specific assignment that needs to be completed with a fixed amount of time and resources and has a specific end result (Heemst)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
A Guide to the Project management Body of Knowledge
Read TextPreview

Extract of sample "A Guide to the Project management Body of Knowledge"

Download file to see previous pages Therefore, projects have a specific time limit. The project schedule in broken down into different steps for execution. The entire project is divided into a number of stages, each of which has specific deliverables that contribute to the completion of the project. Careful planning and management is essential for the effective execution of each of the phases. This ensures that project deadlines are met and the end result is a success. Project management is a critical function of strategic business management. A number of theories and models on project management have been developed recently. In the past few years, the area of project management has become specialized and an increasing number of businesses are providing this service. There are a number of factors that influence the outcome of a project, such as time, budget and value addition. Inadequate planning and organization skills can hamper the efficient execution of projects. This leads to delays in delivery and increase in costs. The PMBOK Guide, 4th edition reflects the accepted standards, policies and practices in the area of project management. The paper highlights the key aspects of project management and outlines the different phases of project conceptualization, initiation and execution as defined and explained in the PMBOK guide. Project management framework and processes The PMBOK guide provides a detailed framework on project execution and management practices that help the project manager in sequencing tasks and defining specific roles to the team members for effective outcomes. The key knowledge areas defined for smooth execution of project includes project integration management, scope, time, cost, quality, human resource, communications, risk and procurement management. Project Integration Management Project integration management consists of all the processes that coordinate the different components of the project (Duncan). Projects are generally temporary in nature and there is an element of uncertainty in the dynamic business conditions during the project timeline. For project management to be successful, the project needs to be broken down into different stages in order to ensure proper planning, control and management (Duncan). Project integration management has an important role to play in situations where the processes within the scope of the project need to be coordinated with the existing operations of the organization or when the deliverables from different stages of the project need to be brought together for the final result. Project integration management consists of the different aspects of plan development, plan execution and overall change control. The project plan development phase brings together the various project planning processes to create a complete document that can be used as a guide throughout the project. It elaborates on the execution of the project at each stage, the deliverables at each stage, the constraints of the projects and back up plans for the project. In the project plan execution stage, the project manager and his team members work together on different elements of the project, including technical specifications and existing processes that could affect the project execution and outcome. The next stage is overall change control that takes into consideration any changes in the project management stages and deliverables. Project Scope management Project scope management mainly involves highlighting the scope and control of the project. It defines the work ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Guide to the Project management Body of Knowledge Book Report/Review”, n.d.)
Retrieved de https://studentshare.org/business/1392770-10-15-page-paper-on-the-a-guide-to-the-project-management-body-of-knowledge-pmbok-guide-4th-edition
(A Guide to the Project Management Body of Knowledge Book Report/Review)
https://studentshare.org/business/1392770-10-15-page-paper-on-the-a-guide-to-the-project-management-body-of-knowledge-pmbok-guide-4th-edition.
“A Guide to the Project Management Body of Knowledge Book Report/Review”, n.d. https://studentshare.org/business/1392770-10-15-page-paper-on-the-a-guide-to-the-project-management-body-of-knowledge-pmbok-guide-4th-edition.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF A Guide to the Project management Body of Knowledge

Knowledge Management

...? Word count (2994 words) Introduction: This paper discusses in detail the importance of knowledge management and how the success of implementing knowledge management hinges on the organizational culture. For some knowledge management is a new concept, although it has been around for years just not yet formalized. Knowledge management helps in securing the most important asset of an organization: the knowledge its human resource possess. The knowledge is stored, used and shared for numerous advantages that last for decades. The organizational culture has to be conducive...
12 Pages(3000 words)Coursework

Knowledge Management. Chunnel Project FTA Final

...? Chunnel Project FTA Final Issues That Could Be Resolved With Knowledge Management Knowledge management can be recognized as a collection of methodsthat seeks to alter an organization’s present framework of knowledge processing to improve the work method of the organization along with its outcome. The discipline of knowledge management is the study related to such methods along with their influence upon the knowledge as well as operational processing and outcomes. The above mentioned facet implies that knowledge management does not directly administer,...
13 Pages(3250 words)Research Paper

Knowledge Management

...?Knowledge Management of According to Dalkir, knowledge can be tactic or explicit .Tactic knowledge is mental and difficult to be noted, but it can be put into practical use through sharing so as to become an important part of an organization management. There are three generations of knowledge management to date that reflect it‘s revolution. In the first generation, the focus was on the source of knowledge and documentation of that knowledge borrowed from individuals within an organization. These documents were then digitalized in libraries, but unfortunately they were never used and...
3 Pages(750 words)Essay

Knowledge Management

...?Topic: Knowledge Management Affiliation: Organizational success is deeply rooted in the strategic practices that an organization seeks to employ in the line of pursuing its business goals and objectives. This implies that an organization ought to be knowledgeable about the course of action it should take in order to reach its desired operational heights. In the process of pursuing the set organizational goals and objectives, knowledge management comes in handy. Knowledge management encompasses the creation, representation, distribution, and adoption of organizational insights and/or experiences that are highly informed by individual and/or organizational knowledge (Gloet, 2006, p.409). Essentially, knowledge management provides... for...
3 Pages(750 words)Essay

Project Management as the Application of Knowledge

... Project Management as the Application of Knowledge 1. Aim, objectives and feasibility of the dissertation (first draft required in Week 2 of RM module) The construction industry in the Gulf has witnessed a colossal leap in the past decade. This is rather paradoxical in the context of the global economic slowdown, which negatively influenced the real estate sector in most parts of the world. In particular, the construction industry in the United Arab Emirates has bounced back on to the fast – track, rapidly taking on massive projects towards development of tourism, housing, industrial and commercial facilities, education and healthcare amenities, transportation as well...
9 Pages(2250 words)Essay

Knowledge Management - managing knowledge

...UNDERSTANDING OF STRATEGY IN PRACTICE BY VIRTUE OF THE DIFFERENCE BETWEEN TACIT AND EXPLICT FORMS OF ORGANIZATIONAL KNOWLEDGE The modern day management is faced by many challenges and those in the helm of company's management are faced with many dilemmas when it comes to designing and implementing company strategy. Many managerial consultant firms are also faced with the same dilemma since their consultancy seems incomplete, inconsistent and contradictory to the outcomes. There is lack of coherence in the field of management and the problem seems to be growing day by day. According to Sanchez Ron (1997), organization management is a task that involves clear understanding of the organization and its components. Knowledge management... in the...
8 Pages(2000 words)Essay

Project guide

...communication plays an important role with the new concept known as Integrated Marketing Communication (IMC). It is a management concept that is designed to make all aspects of marketing communication such as advertising, sales promotion, public relations, and direct marketing work together as a unified force, rather than working in isolation. Here the service marketer has to evaluate what is his communication objective. Following are communication objectives: Awareness- creating awareness for whatever the marketer is offering to the customer becomes very important task; the brand name of the service should be made to recognize with simple repetitive messages though print media, electronic media, direct...
4 Pages(1000 words)Essay

Project guide 4

...$) Expected Revenue in a week in the afternoon= (50*3*2*10$ + 5*10*3*10$) Expected Total Revenue in FY08-09 = $ 847,200 Estimated Cost: Each price will lead to a different level of demand and therefore have a different impact on a company’s marketing objectives. Demand and price are inversely related: higher the price, lower the demand. On an average ‘The Diners Park’ employees around 20 employees in a month and the salary cost of all employees is around 20,000$ every month. The cost of raw material is around 9000$ per month and the water and electricity bill cost around 2000$ per month. Apart from this, the miscellaneous cost is around 1000$ per month. The cost capital employed for the project is around 2000,000...
4 Pages(1000 words)Essay

Project management: Critical Review of the Project Management Body of Knowledge(PMBoK)Softwear

..., proper care would make sure projects are carried out well from their start till the time they end. References BLOKDIJK, G. (2008). PMP/PMBOK 100 success secrets, project management professional, the missing exam study, certification preparation and project management body of knowledge guide application guide. [S.l.], Gerard Blokdijk. http://www.myilibrary.com?id=225572. KENDRICK, T. (2004). The project management tool kit 100 tips and techniques for getting the job done right. New York, AMACOM/American Management Association....
6 Pages(1500 words)Research Paper

A Guide to the Project Management Body of Knowledge

... and services, or other outcomes that are required out of the project management team. It involves processes such as administering contracts, closing out contracts, and planning and achieving product and services from outside sources (Project Management Institute 13). Works Cited Project Management Institute. "A Guide to the Project Management Body of Knowledge." An American National Standard (2008): 13. Print... Project Management PMBOK presents a collection of nine knowledge areas that are widely accepted as the best practice in the management discipline. These knowledge areas include: 1. Project Integration...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic A Guide to the Project management Body of Knowledge for FREE!

Contact Us