PM Unit-1, DQ-2
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Sophia PhoebePM Unit-1, DQ-2
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Sophia PhoebeIntegrated Management (INT)
Develop Project Charter: This process develop a document that formally authorizes a project (or
phase) and documenting initial requirements that satisfy the needs and expectations of
stakeholder.
Develop Project Management Plan: The process document the actions necessary to prepare,
define, integrate, and coordinate all subsidiary plan.
Direct and Manage Project Work: The process of performing the work were defined in the
project management plan to achieve the objectives of project.
Monitor and Control Project Work: This process track, review, and regulate the progress to meet
the performance objectives were defined in the project management plan.
Perform Integrated Change Control: This process review all change requests, approve changes,
and manage changes to the deliverables, organizational process assets, project document and the
project management plan.
Close Project or Phase: The process of finalizing all activities across all of the Project
Management Process Group to formally complete the project (or phase).
Scope Management (SCO)
Plan Scope Management: That includes descriptions of how the team will prepare the project
scope statement, create the WBS, verify completion of the project deliverables, and control
requests for changes to the project scope.
Collect Requirements: The process of determining, documenting, and managing stakeholder's
needs and requirements to meet project objectives. The key benefit of this process is that it
provides the basis for defining and managing the project scope including product scope.
Define Scope: The process of developing a detailed description of the project and product. The
key benefit of this process is that it describes the product, service, or result boundaries by
defining which of the requirements collected will be included in and excluded from the project
scope.
Create WBS: is a deliverable-oriented grouping of the work involved in a project that defines the
total scope of the project. It is a foundation document that provides the basis for planning and
managing project schedules, costs, resources and changes.
Validate Scope: involves formal acceptance of the completed project scope by the stakeholders.
Acceptance is often achieved by a customer inspection and then sign-off on key deliverables.
Control Scope: involves controlling changes to the project scope. Goals of the scope control are
to influence the factors that cause scope changes. Assure changes are processed according to
procedures developed as part of integrated change control.
Time Management (TIM)
Plan Schedule Management: It is the process of establishing the policies, procedures, and
documentation for planning, developing, managing, executing, and controlling the project
schedule.
Define Activities: The process of identifying and documenting the specific actions to be
performed to produce the project deliverables. Activities are smaller decomposed components of
the project work packages, which represent the work necessary to complete the work package.
Sequence Activities: The process of identifying and documenting relationships among the
project activities. The key benefit is that it defines the logical sequence of work to obtain the
greatest efficiency given all project constraints.
Estimate Activity Resources: The process of estimating the type and quantities of material,
human resources, equipment, or supplies required to perform each activity.
Estimate Activity Durations: The process of estimating the number of work periods needed to
complete individual activities with estimated resources. The key benefit of this process is that it
provides the amount of time each activity will take to complete, which is a major input into the
develop schedule process.
Develop Schedule: The process of analyzing activity sequences, durations, resource
requirements, and schedule constraints to create the project schedule model. The key benefits of
this process is that by entering schedule activities, durations, resources, resource availabilities,
and logical relationship into the schedule tool, it generates a schedule model with planned dates
for completing project activities.
Control Schedule: The project management activity in which progress on project activities is
compared against schedule baseline to understand whether project is ahead of the schedule or
behind. Based on the deviation can plan on corrective or preventive actions and manage changes
to baseline.
Cost Management (COS)
Plan Cost Management: The process that establishes the policies, procedures, and documentation
for planning, managing, expending, and controlling project costs. The key benefit of this process
is that provides guidance and direction on how the project costs will be managed throughout the
project.
Estimate Costs: The practice of forecasting the cost of completing a project with a defined scope.
It is the primary element of project cost management, a knowledge area that involves planning,
monitoring, and controlling a project’s monetary costs.
Determine Budget: The process of aggregating the estimated costs of individual activities or
work packages to establish an authorized cost baseline. The key benefit of this process is that it
determines the cost baseline against which project performance can be monitored and controlled.
Control Costs: Cost is one of the key performance indicators for projects. Involved in controlling
costs are processes centered around planning, estimating, budgeting, financing, funding and
managing costs so that the project can be completed within the approved budget.
Quality Management (QUA)
Plan Quality Management: The process of identifying quality requirements and/or standards for
the project and its deliverables, and documenting how the project will demonstrate compliance
with relevant quality requirements. The key benefit of this process is that it provides guidance
and direction on how quality will be managed and validated throughout the project.
Perform Quality Assurance (Process Focus): The process of auditing the quality requirements
and the results from quality control measurements to ensure that appropriate quality standards
and operational definitions are used. The key benefit of this process is that it facilitates the
improvement of quality processes.
Control Quality (Products Focus): The process of monitoring and recording results of executing
the quality activities to assess performance and recommend necessary changes. The key benefit
of this process this include: (1) indentifying the causes of poor process or product quality and
recommending and/or taking action to eliminate them: and (2) validating that project deliverables
and work meet the requirements specified by key stakeholders necessary for final acceptance.
Human Resource Management (HUM)
Plan Human Resource Management: The process that identifies current and future human
resources needs for an organization to achieve its goals. Human resource planning should serve
as a link between human resource management and overall strategic plan of an organization.
Acquire Project Team: The process of confirming human resource availability and obtaining the
team necessary to complete project activities. The key benefit of this process consists of
outlining and guiding the team selection and responsibility assignment to obtain a successful
team.
Develop Project Team: The process of improving competencies, team member interaction, and
overall team environment to enhance project performance.
Manage Project Team: The process of tracking team member performance, providing feedback,
resolving issues, and managing team changes to optimize project performance. The key benefit
of this process is that it influences team behavior, manages conflict, resolves issues, and
appraises team member performance.
Communication Management (COM)
Plan Communications Management: The process of developing an appropriate approach and
plan for project communications based on stakeholder’s information needs and requirements, and
available organizational assets. The key benefit of this process is that it identifies and documents
the approach to communicate most effectively and efficiently with stakeholders.
Manage Communications: The process of creating, collecting, distributing, storing, retrieving,
and the ultimate disposition of project information in accordance to the communications
management plan. The key benefit of this process is that it enables an efficient and effective
communications flow between stakeholders.
Control Communications: The process of monitoring and controlling communications
throughout the entire project life cycle to ensure the information needs of the project
stakeholders are met. The key benefit of this process is that it ensures an optimal information
flow among all communication participants, at any moment in time.
Risk Management (RIS)
Plan Risk Management: The process of defining how to conduct risk management activities for a
project.
Identify Risks: Risk identification is the first step in the proactive risk management process. It
provides the opportunities, indicators, and information that allows an organization to raise major
risks before they adversely affect operations and hence the business.
Perform Qualitative Risk Analysis: The process of prioritizing risks for further analysis or action
by assessing and combining their probability of occurrence and impact.
Perform Quantitative Risk Analysis: The process of numerically analyzing the effect of
identified risks on overall project objectives.
Plan Risk Responses: The process of developing options and actions to enhance opportunities
and to reduce threats to project objectives.
Control Risks: The risk that a material misstatement will occur in an audit report and not be
prevented or detected by any internal controls.
Procurement Management (PRO)
Plan Procurement Management: The process of documenting project procurement decisions,
specifying the approach, and identifying potential sellers.
Conduct Procurements: The process of obtaining seller responses, selecting a seller, and
awarding a contract.
Control Procurements: The process of managing procurement relationships, monitoring contract
performance, and making changes and corrections to contracts as appropriate.
Close Procurements: The process of completing each procurement.
Stakeholder Management (STA)
Identify Stakeholders: The process is one of the most important processes in project management
because projects are undertaken to fulfill the requirements of stakeholders.
Plan Stakeholder Management: The process of developing appropriate management strategies to
effectively engage stakeholders throughout the project life cycle, based on the analysis of their
needs, interests, and potential impact on project success.
Manage Stakeholder Engagement: The process of communicating and working with stakeholders
to meet their needs/ expectations, address issues as they occur, and foster appropriate stakeholder
engagement in project activities throughout the project life cycle.
Control Stakeholder Engagement: The process of monitoring overall project stakeholder
relationships and adjusting strategies and plans for engaging stakeholders.
List of References
