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ch7_project_mgt_1

ch7_project_mgt_1 - Chapter 7 Project Management Objectives...

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Chapter 7 Project Management Objectives: • Students will obtain the knowledge of terminology and concepts on project management. • Students will have understanding on the PMBOK Guide. 1
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1 What is Project Management? Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. This application of knowledge requires the effective management of __________________________ . To successfully manage a project, the project team must: Select appropriate processes required to meet the project objectives Use a defined approach that can be adopted to meet requirements Comply with requirements to meet stakeholder needs and expectations Balance the competing demands of scope, time, cost, quality, resources, and risk to produce the specified product or service 2
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