Understanding And Framework Of Project Management

1) Providing specification of actions at various stages of the process and for various functions. PMBOK helps all members of the organization or the project management team to perform their function effectively. Under normal circumstances, one department of a company may response for a specific process in one way while other department implements different steps. PMBOK provides a framework to every department so that every unit can efficiently focus on their part of project. 2)Providing an understanding and framework of project management. Processes and methods of PMBOK are documented each step of the way. This documented steps make it easier for people who may be not familiar with specific process in a particular project. 3)Providing the basis for educational programs. In a project, a team is assembled to execute the project. Since employees come from different work environment and experience, there is a graduate learning process of the job and cross dependencies, which is a high cost for the project. PM methodologies helps people to form uniform skills to work on different projects. 4) Removing real world complexity by focussing on what is specific to project goal achievement. In the real world there are lots of information which may interfere the real resources we need in a project. Models such as PMBOK or PRINCE2 help people to identify the information and make them focus on the project goal. 5) Providing a simpler expression of the rules and relationships between theShow MoreRelatedThe Importance Of Project Management Competencies And Their Importance1288 Words   |  6 Pagesanalyze the importance of project management competencies to obtain a successful career in the field. The problems addressed in this analysis are to gain an understanding of the project management competencies needed for successful implementation in any industry given. The analysis contributes to research and practice in two ways. The first is the identification and reporting of project management competencies and their importance. Secondly, the analysis proposes a framework that would provide an organizationRead MoreThe Importance Of Project Management Competencies And Why They Are Important1324 Words   |  6 Pagesanalysis the importance of project management competencies to obtain a successful career in the field. The problems addressed in this analysis are to gain an understanding of the proj ect management competencies needed for successful implementation in any industry given. The analysis contributes to research and practice in two ways. Firstly, I identified and report on project management competencies and why they are important. Secondly, the analysis proposes a framework that would provide an organizationRead MoreBusiness Strategy And Project Management1653 Words   |  7 Pages1. Srivannaboon.S, Milosevic.Z.D (2005). A two-way influence between business strategy and project management. According to the authors Srivannaboon.S, and Milosevic.Z.D (2005), the alignment of project management with the corporate strategy is critical to achieve the company’s short term and long term goals. The main objective of project management is to guide the company towards its goals within the set time frame and cost. In today’s globalization, business leaders are facing many challenges fromRead MoreA Report On The Cyber Security1320 Words   |  6 Pagescomputing is aimed at reducing the security threats in cloud environment. The project involves building a knowledge base to establish comprehensive research plans for automotive cybersecurity and develop enabling tools for applied research in this area. 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