8. According to PMBOK 5th edition, these processes have been grouped into 10 knowledge areas: 1) Project Integration Management 2) Project Scope Management 3) Project Time Management 4) Project Cost Management 5) Project ⦠The 10 knowledge areas (according to PMI BoK6 2017) are: Project ⦠The project manager must be well trained in these methodologies to produce a quality product. Practicing knowledge management enables organizations to not only capture the lessons they have learned from managing projects but also mature their competencies via information sharing and knowledge generation. PMP recommends the use of the risk register to identify, assess, treat, communicate, and report risks in the projects. Cost Management - Net present value, return on investment, payback analyses, earned value management, project portfolio management, cost estimates, managing cost plans, and cost baselines. READ MORE on project-management-knowledge⦠it ensures integrated schedule and cost plans. The Ten Knowledge Areas of Project Management Knowledge Areas Project Integration Management Project integration management is about getting your arms around a new project. Manage the project scopeManage the project time ⦠These processes, together, ⦠Project Management is a large and complex field and it sometimes becomes difficult to comprehend it in totality. It has always been practiced informally, but began to ⦠Gaining expertise in any one of these knowledge areas can help you become a rock star in your organization. The overarching piece of our matrix are the Knowledge Areas. What are the Components of Cost of the Project? They are the core technical subject matter of the project management profession, and they bring the project to life. 1.1.2. Scope Management - scope statements, work breakdown structures, mind maps, statements of work, requirements analyses, scope management plans, scope verification techniques, and scope change controls. 8. Project Quality Management. 4. Project Management Knowledge Areas. It is the knowledge area which contains the tasks that withhold ⦠The solution will further explain why and the impact of thise knowledge areas Quality - If any 3 constraints such as cost, time, and scope are impacted then it will have a direct impact on the quality of the product. The PMBOK describes nine knowledge areas or categories of the project management discipline. Understanding and applying all nine will make you irreplaceable. For me, this knowledge area is a lot of common-sense stuff about ensuring everyone has a clear understanding of what is going on. ⦠!. Scope - This is the first step and starts with the development of a project charter and planning. The residual risks must be managed and communicated by the project manager, this is the risk leftover after the risks are treated. Project Audit: Process, Types, Objectives and Goals, DevOps Certification Training in United Kingdom, Green Belt Certification Training in Muscat, Six Sigma Black Belt Certification Course in New York, CSM Certification Training in Indianapolis, Prince2 Practitioner Certification Training in Singapore. 6. The PM is the key resource responsible for the communication within the project teams, project sponsor, top management, and the customer. Knowledge Areas of Project Management. The knowledge areas of project management describe project management practices and knowledge in term of its inherent processes. It is necessary to manage the cost within the budget so that the benefits of the work reach the project sponsor or the organization. In her book "Information Technology Project Management", she describes each of the nine knowledge areas and identifies some of the tools and techniques used in each area. The quality of the product depends on the assurance given to the customer in the initiation phase. Project Management rules are governed by Project Management Body of Knowledge called PMBOK which is currently in its 6 th edition. This can be done by having training in the PMP course at StarAgile. These knowledge areas include: 1. 7. As an active member of the PMI and an expert in the industry, she has written several textbooks and how-to guides on the subject. Scope includes collating all the information required to begin a project and ⦠Project managers need to manage a lot of moving parts. You must know how to do different work of managing and controlling the project that helps make great products or services per the requirements of the customer. Project management knowledge areas coincide with the process groups, which are project initiation, project planning, project execution, monitoring and controlling, and project closing. This is one of the areas where the tasks, activities are integrated into large and complex deliverables. Therefore, the deliverable quality level should be defined at the stage of project planning and a project manager should specify it in the overall project management ⦠The process groups are horizontal, and the knowledge areas are vertical. The Project Management Institute (PMI®) offers certifications that provide project management professionals with both information and credibility. Each Knowledge Area is made up of a set of processes, each with inputs, tools and techniques, and outputs. We need to allocate the key asset to all the tasks and activities of the project and also have buffer in case it is needed at any time during the execution. In her book âInformation Technology Project Managementâ, she describes each of the nine knowledge areas and identifies some of the tools and techniques used in each area. 10. 2. 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