The foundation for project management theory is called process groups. But although it sounds complicated, process groups are simply phases that each project goes through. The five process groups are: Project Initiation Project Planning Project Execution Monitoring & Controlling Project Closing They all occur in chronological order except one. … [Read more...]
In the Project Management Body of Knowledge (PMBOK) the process groups are the chronological phases that the project goes through, and the knowledge areas occur throughout any time during the process groups. The process groups are horizontal, and the knowledge areas are vertical. They are the core technical subject matter of the project management profession, … [Read more...]
When a ship is out on the open sea, the driver, called a Helmsman, is responsible for turning the wheel which in turn moves a rudder back and forth to change directions. When the wind or sea conditions are rough, experienced helmsman use their keen sense of how the ship will react to keep it moving in the right direction. Because the ship doesn't react right away, the … [Read more...]
According to the Project Management Body of Knowledge, the foundation of project management rests upon the five phases that every project goes through: Initiating. The tasks required to authorize, fund and define the project, generally on the organizational level (above the project). The organization defines a business need and commissions the project to meet … [Read more...]
Earned value analysis is used to calculate the project status on two fronts: Schedule. Is the project ahead of or behind schedule? Cost. Is the project over or under budget? Let's say you are the project manager for the renovation of 3 hotel rooms. The tasks are as follows: Preparation. Jan. 1 - Jan. 10, $5,000. Room #1: Jan. 10 - 20, $15,000. Room … [Read more...]
It's amazing how many projects do not know their true status until near the end, when there is little that can be done to ensure they finish on time or budget. The proper time to rigorously track project status is at the beginning, not at the end. This is when project risk can be managed and changes made to get it back on track. Earned value analysis is the current … [Read more...]
Putting out fires is rarely a good project management strategy. Project controls are where the project manager earns their wages. Assigning work to someone is relatively easy, but how do you ensure the quality of the work is acceptable, or that the deadlines will be met? Fortunately, project management theory contains techniques which are used to track and … [Read more...]
Many people become project managers simply by receiving additional responsibility or via promotion into the role. As such, project management fundamentals are often unknown to the very people who manage projects. The Project Management Institute's Project Management Body of Knowledge (PMBOK) is a very structured, analytical outline of a somewhat abstract topic. Although … [Read more...]
The difference between a successful project and an unsuccessful one can usually be narrowed down to one word: Planning. The Project Management Institute (PMI) reports that only 64% of projects meet their intended goals, and from my experience working for a large engineering company, this is probably not too far out. But there is a solution. Even the smallest of … [Read more...]
Many people become project managers simply by receiving additional responsibility or via promotion into the role. As such, project management fundamentals are often unknown to the very people who manage projects. To make matters worse, the Project Management Institute's Project Management Body of Knowledge (PMBOK) is a very structured, analytical outline of a somewhat … [Read more...]
