Presentation on theme: "The Project Management Body of Knowledge (PMBOK)"— Presentation transcript:
1 The Project Management Body of Knowledge (PMBOK) The PMBOK guide is an attempt to document the generally accepted PM information and practices and has since become the standard amongst project management around the globe.
2 The Project Management Body of Knowledge (PMBOK) is a collection of processes and knowledge areas generally accepted as best practice within the project management discipline.As an internationally recognized standard (IEEE Std ) it provides the fundamentals of project management, irrespective of the type of project be it construction, software, engineering, automotive etc.PMBOK recognizes 5 basic process groups and 9_knowledge areas typical of almost all projects.Processes overlap and interact throughout a project or phase.Processes are described in terms of:Inputs (documents, plans, designs, etc.)Tools and Techniques (mechanisms applied to inputs)Outputs (documents, products, etc.)
3 Project Management Process Groups Monitoring & Controlling Project Management Process Groups and Knowledge Areas Map (Process Matrix Chart)Knowledge AreasProject Management Process GroupsInitiatingPlanningExecutingMonitoring & ControllingClosingProject Integration ManagementDevelop Project CharterDevelop Project Management PlanDirect and Manage Project ExecutionMonitor and Control Project WorkPerform Integrated Change ControlClose Project or PhaseProject Scope ManagementCollect RequirementsDefine ScopeCreate Work Breakdown Structure (WBS)Verify ScopeControl ScopeProject Time Management Project Time ManagementDefine ActivitiesSequence ActivitiesEstimate Activity ResourcesEstimate Activity DurationsDevelop ScheduleControl ScheduleProject Cost ManagementEstimate CostsDetermine BudgetControl CostsProject Quality ManagementPlan QualityPerform Quality AssurancePerform Quality ControlProject Human Resource ManagementDevelop Human Resource PlanAcquire Project TeamDevelop Project TeamManage Project TeamProject Communications ManagementIdentify StakeholdersPlan CommunicationsDistribute InformationManage Stakeholder ExpectationsReport PerformanceProject Risk ManagementPlan Risk ManagementIdentify RiskPerform Qualitative Risk AnalysisPerform Quantitative Risk AnalysisPlan Risk ResponseMonitor & Control RiskProject Procurement ManagementPlan ProcurementsConduct ProcurementsAdminister ProcurementsClose Procurements
4 Project Cost Management Describes the processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget.Estimate CostsDetermine BudgetControl CostsComments: for developing cost estimates and budgets and performing ongoing project cost control.
5 Inputs, Tools and Techniques, and Outputs Estimate CostsInputs, Tools and Techniques, and OutputsInputsTools & TechniquesOutputsScope baselineProject scheduleHuman resource planRisk registerEnterprise environmental factorsOrganizational process asstsExpert judgmentAnalogous estimatingParametric estimatingBottom-up estimatingThree-point estimatesReserve analysisCost of qualityProject management estimating softwareVendor bid analysisActivity cost estimatesBasis of estimatesProject document updates
6 Inputs, Tools and Techniques, and Outputs Determine BudgetInputs, Tools and Techniques, and OutputsInputsTools & TechniquesOutputsActivity cost estimatesBasis of estimatesScope baselineProject scheduleResource calendarsContractsOrganizational process assetsCost aggregationReserve analysisExpert judgmentHistorical relationshipsFunding limit reconciliationCost Performance baselineProject funding requirementsProject document updates
7 Inputs, Tools and Techniques, and Outputs Control CostsInputs, Tools and Techniques, and OutputsInputsTools & TechniquesOutputsProject Management PlanProject funding requirementsWork performance informationOrganizational process assetsEarned Value ManagementForecastingTo-complete performance indexPerformance reviewsVariance analysisProject management softwareWork performance measurementsBudget forecastsOrganizational process assets updatesChange requestsProject management plan updatesProject document updates
8 Inputs, Tools and Techniques, and Outputs Tools & TechniquesOutputs
9 The Project Management Knowledge Areas organize the 42 project management processes into nine Knowledge Areas.Project Management Knowledge Areas describe the key competencies that project managers must develop.Four core knowledge areas lead to specific project objectives (scope, time, cost, and quality).Four facilitating knowledge areas are the means through which the project objectives are achieved (human resources, communication, risk, and procurement management).One knowledge area (project integration management) affects and is affected by all of the other knowledge areas.