PJMT Assignment 01

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INTRODUCTION

A project is a non-permanent assignment an organization ventures into to produce a


specific service or item. A project is a non-replicative pursuit. An introductive and
conclusive period in a project must always be clearly displayed and prevalent
throughout the whole process to fulfil objectives. All members or employees of a
particular organization must be educated about this temporary engagement in order
to know what contributions are required from them. A project can also be defined as
a collection of duties that must be successfully completed in order to accomplish a
goal or an objective. The size and scope of a project are very crucial elements that
determine how the project will be divided into objectives and what needs to be done
to achieve them.

Project management is the implementation of procedures, activities, methods, skills,


acquired information and expertise to achieve objectives that an organization made a
priority and a requirement. Projects are handled by organizations and individuals
with a variety of objectives to be achieved. These can take multiple forms, from
constructing a bridge to organising an event and overcoming a task successfully.
Manufacturers or retailers may seek improvements to satisfy consumers by
embarking on projects. Projects are meant to be completed in a timely manner and a
qualitative performance.

PROJECT MANAGEMENT BODY OF KNOWLEDGE

Project Management Body of Knowledge usually abbreviated to PMBOK is the


collection of procedures, application, terminologies, and guiding principles that are
expected to be impeccable within the project management industry. In order for
companies or organizations to detect risks and avoid project failures, regulate
practices across multiple subdivisions, and allocate processes to meet needs, a
PMBOK is the most valuable and beneficial process to embark on.

The Project Management Framework displays the instructive principles and definition
of projects and project management. The guide initiates, plans, executes, controls,
and closes processes involved to make a project a success. Project management
consists of these following nine knowledge parts:
PROJECT SCOPE MANAGEMENT

The project scope is outlined in regard to a written declaration of what is required to


be included and excluded from the process or the project to make it complete and
successful to meet the requirements that were succinctly stated in the initiation of the
project.

PROJECT TIME MANAGEMENT

Project Time Management consists of the process required to guarantee timely


performance, execution, and accomplishment of a particular project. The processes
that are detected and analysed during the previously listed knowledge area are
accumulated into an activity list, arranged, and allocated to each process. This is
crucial to the determination of an appropriate schedule for these activities to be
completed in a timely manner.

PROJECT COST MANAGEMENT

Project Cost Management involves the completion of a particular project within an


approved or an estimated budget efficiently and effectively. The finances need to be
handled and controlled appropriately to reach the required goal of a project.

PROJECT QUALITY MANAGEMENT

Project Quality Management is the process of constantly measuring the quality of all
endeavours and engaging in remedial until the expected quality is achieved. The
handling of costs, standards establishment, and determination of the steps to
achieving and confirming those standards are crucial priorities to the Quality
management processes. If Project Quality Management is effectively implemented,
the risks of product failure and customer unsatisfaction can easily be avoided.

Project quality management happens with these three processes:


1. Quality planning
2. Quality assurance
3. Quality control
PROJECT HUMAN RESOURCES MANAGEMENT

The priority of Project Human Resources Management focuses on the organizational


arrangement in which employees involved in the pursuit of making the project a
success will function and collaborate. This includes analysing their roles and
responsibilities, collaborative efforts and establishing a proper team. This process
also makes in more accessible for the project manager to identify challenges,
performance and, managing health and safety of all team members.

PROJECT COMMUNICATIONS MANAGEMENT

Project Communications Management consists of four characteristics:


communications planning, information distribution, performance reporting, and
administrative closure. The collection and prevalence of information relating to the
project is the main focus of this knowledge area.

PROJECT RISK MANAGEMENT


In project management, risk management is the practice of detecting, evaluating,
and preventing risks that a project might come across to disturb their objectives. The
appointed project managers will be held accountable for any risks identified
throughout the whole risk management procedure.

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