Project Management

The application of knowledge, skills, tools and techniques to project activities to meet project requirements.

Project Stakeholders

The people involved in and are affected the project.

Nine Project Management Knowledge Areas

Core knowledge areas for specific objectives:

  1. scope

  2. time

  3. cost

  4. quality

Facilitating knowledge areas that enable specific objectives:

  1. Human resources management

  2. Communication management

  3. Risk management

  4. Procurement management

The knowledge area that affects all:

  1. Project integration management

Project Management Tools and Techniques

  1. Project charters, scope statements, WBS (scope)

  2. Gantt Charts, network diagrams, critical path analyses, critical chain scheduling (time)

  3. Cost estimates and earned value management (cost)

Project Portfolio Management

Organizations group and manage projects as a portfolio of investments