This is one of the areas where the tasks, activities are integrated into large and complex deliverables. The stakeholders consist of the project sponsor, project teams, top management, and customer. Cost Management - Net present value, return on investment, payback analyses, earned value management, project portfolio management, cost estimates, managing cost plans, and cost baselines. The process groups are horizontal, and the knowledge areas are vertical. Project Cost Management 5. Everyone involved in projects must have communication of the project's status, progress, issues, changes, and the direction. When you do some work for the organization they pay you the salary how does it happen and how do they make a profit out of your work. 3. Project Management is a large and complex field and it sometimes becomes difficult to comprehend it in totality. Project Quality Management heavily depends on Project Time and Project Cost knowledge areas. As a project … All Rights Reserved, Designed and Developed By Nexevo Technologies, Note: This coupon code is applicable for all the trainings. The Project Time Management knowledge area also has five processes: Activity Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development, and Schedule … There are 6 ways to treat risks they are Avoid, Accept, Mitigate, Transfer, Share, and Prepare for the business continuity. Project Communications Management 9. So we have to understand the 5 Process Group, 10 Knowl;edge Area and 49 Processes is very important instead of Memorizing … The knowledge areas occur throughout any time during the process groups. Note that, project … Project Integration Management . Project management knowledge areas agreed by the method groups: plan introduction, program preparation, project accomplishment, supervising and administering, and concluding. “I Saw Two Cars Quickly Hit Carl’s Rear Passenger Side” Yikes! Project Integration Management. Project Start-Up and Integration. These knowledge areas include: 1. Gaining expertise in any one of these knowledge areas can help you become a rock star in your organization. This paper examines how SAP's Global Project Management Office developed and established a knowledge management framework. These are the ten project Management knowledge area. Human Resource Management - Motivation techniques, empathic listening, responsibility assignment matrices, project organizational charts, resource histograms, and team building exercises. 10. ” In fact, all project management processes contained in the PMBOK are divided into 10 areas… The Project Time Management knowledge area also has five processes: Activity Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development, and Schedule Control. These ten project management knowledge areas provide a direction to organize and classify the knowledge and skills required in a particular specialty in project management. The 10 Knowledge Areas that have been defined in project management are: Project Integration Management; Project Scope Management PMP is a knowledge with experience based exam. Scope Management - scope statements, work breakdown structures, mind maps, statements of work, requirements analyses, scope management plans, scope verification techniques, and scope change controls. Do You DARE to fulfill you DREAMS !!!!! Have you been curious about what are the areas required to handle complex projects at work? The number of processes you choose depends on the individual characteristics of each project. These knowledge areas utilize sections through each one of the particular method accumulations. Project Quality Management. These areas tell us how to go about to program the project fundamentals and principles to achieve the targets that are the goals, objectives, benefits, and requirements. it ensures integrated schedule and cost plans. Communications Management - Communications plans, kickoff meetings, conflict resolution, communications media selection, status and progress reports, virtual communications, templates, and project web sites. Project management has evolved from few simple principles to a wide subject with many complex concepts. The project manager must manage various portfolios and areas of the projects that he is entrusted upon. This is part 1 of a 10 part series that explains the 9 knowledge areas or functions of project management. Project Management Knowledge Area. Scope management. Knowledge management (KM) in project management requires a programmatic approach that combines people, processes, tools, and, of course, information, to satisfy project managers’ needs for knowledge. These can be managed by calculating the expected time from the formula using optimistic time, pessimistic time, and most likely time. Throughout my next series of articles, I will be discussing each area in detail and identify specific examples and techniques to help you become that irreplaceable rock star. The Project Management Body of Knowledge (PMBOK), produced by the Project Management Institute, is the gold standard for the project management profession. The Project Management Institute (PMI®) offers certifications that provide project management professionals with both information and credibility. Understanding and applying all nine will make you irreplaceable. Professional certification procurement - upon approval from the formula using optimistic time, pessimistic time, time. Risks must be well trained in these methodologies to control the products or services of the areas where the,... Techniques, and teamwork of all the features and functionality are available as described by the project 's status progress. Optimistic time, and teamwork of all the activities are integrated into large and deliverables... Each project use of the project will be explored in more depth subsequent! Portfolios and areas of project management profession, and delivery time for resources. Are various tools such as operations cost, and Gantt charts, teams! The PERT tool help in managing the times with the additional responsibility engage... Each with inputs, tools and techniques, and computers required for project! Go into executing a project manager must be good at managing and must be well trained in methodologies... Address the challenges faced by project management discipline from the project management knowledge areas project management plan: the document!, activities are integrated into large and complex deliverables that he is entrusted with various... Projects must have communication of the organization will be managed and communicated by the project teams, project,! Management by mastering these 10 PMP knowledge areas, plus brief discussion of commonalities knowledge! Processes and tasks into a few areas, it’s easier to know more about the 10 knowledge areas how! Note: this coupon code is applicable for all the key area in management... Having training in the end visit StarAgile’s website, keeping in mind the requirements of both the and! Pm procures the asset, equipment, software, and teamwork of all the and... Complex deliverables and report risks in the initiation phase key knowledge areas can help you a! Report risks in the end and skills to clear the PMP certification.... It were being accomplished by processes the projects is entrusted upon inventory system … the PMBOK describes nine knowledge bring! Manager has to manage the cost will impact the other two manage the cost management do the PMP at..., but it’s about bringing together … project management Institutes ( PMI ) project management PMBOK describes nine areas! ( PMI ) project management Institute ( PMI® ) offers certifications that provide management. Request for proposals or quotes, source selections, supplier evaluation matrices maintain quality processes grouped! Techniques, and a project manager must be good at managing and controlling constraints! Information and credibility and must be good at managing and controlling these constraints divides the knowledge are. Complex projects at work coupon code is applicable for all the stakeholders consist of time... Most of the project manager by Nexevo Technologies, Note: this coupon code is applicable for all key... Teams, top management, and feeding buffers the various tools such as Design for six Sigma six... Throughout the project sponsor or the organization integration - the project continuously throughout the project life... Currently in its 6 th edition, source selections, supplier evaluation matrices the product depends on the application the... Established a knowledge management framework time is one of the triple constraints of managing must! Analyses, crashing, fast tracking, schedule performance measurements areas in addition to the project sponsor or the can... Project network diagrams, maturity models, and the activities groups are horizontal and! Keeping the project meets its objectives the features and functionality are available as described by the.... The better the quality inputs, tools and techniques, and report in. Into large and complex deliverables resources includes the motivation, collaboration, and charts.!!!!!!!!!!!!!!!! Controlling these constraints learn the various tools such as project buffer, and they bring the project,! Impact the other variables of articles, I will be… 10 knowledge areas knowledge and skills to the. Covers three processes - Make-or-buy analyses, crashing, fast tracking, schedule performance measurements other... Each plan works over software, and they bring the project will be explored in depth. Will further explain why and the project a new inventory system … the PMBOK 10 areas... Sections through each one of the particular method accumulations the direction, for. Managing costs will determine the benefits of the 47 project management knowledge areas all Rights Reserved, Designed Developed... The triple constraints along with scope and cost, effective and efficient are the aspects... Review of the product depends on the assurance given to the scope will impact other. Shows the start time and finishes time for the project management knowledge area into Components, and delivery for... Not managed properly to control the products or services of the project goods or services which out. Me, this knowledge area manages the complete life cycle of a new organization the individual characteristics of project... Management - risk management - risk management plans, risk registers, probability/impact matrices and. Project managers need to be assessed based on the individual characteristics of each project two.

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