week5 - Project management: application of knowledge,...

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Project management: application of knowledge, skills, tools and techniques to project activities to meet product requirements. Process: set of interrelated actions and activities performed to achieve a pre-specified product, result or service. Characterized by inputs, tools and techniques, outputs Fall into project management processes, product oriented processes Project management processes: uses identified tools and techniques throughout the project to obtain an effective flow and ultimately, a successful outcome. Careful selection knowledge, skills, and process for each project and use of good project management processes improves the chance of success of a project. Production oriented processes: specify and creates the project product. Successful projects result when team selects the appropriate processes to meet project objectives uses a defined approach that can be adopted to meet requirements complies with requirements to meet stakeholder needs and expectations balances the competing demands of scope, time cost, quality resources and risk to produce the specified product, service or result Processes groups: Initiating: Develop project charter, identify stakeholders Planning: Develop project management plan, collect requirements, define scope, create wbs, define activities, sequence activities, estimate activity resources and duration, develop schedule, estimate costs, determine budget, plan quality, develop human resource plan, plan communication, plan risk management, identify risks, perform qualitative and quantitative risk analysis, plan risk responses, plan procurements Executing: direct and manage project execution, perform quality assurance, acquire project, develop, manage project team, distribute information, manage stakeholders expectations, conduct procurements. Monitoring and controlling : monitor and control project work, perform integrated change control, verify scope, control scope, schedule and costs, perform quality control, report performance, monitor and control risks, administer procurement Closing: Close project/phase, close procurement, obtain acceptance by sponsor/customer, conduct post project/phase review, record impacts of tailoring processes, document lesson learned, apply appropriate updates to organizational process assets, archive all relevant project documents to be used as historical data Challenges to organizing project: Uniqueness and short duration of project relative to ongoing longer-term organizational activities. Multidisciplinary and cross-functional nature of projects creates authority and responsibility dilemmas Best system balances the needs of projects with need of organization Code of Ethics and professional conduct 1. Vision and purpose: Code of ethics and professional conduct: doing what is right and honorable Applies to PMI members, PMI certified non members, PMI volunteers, Non members in PMI certification process. 2.
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This note was uploaded on 02/25/2012 for the course PJM 6000 taught by Professor Georgepatterson during the Summer '11 term at Northeastern.

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week5 - Project management: application of knowledge,...

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