PM - Session 1 - Framework Rev 01
PM - Session 1 - Framework Rev 01
PM - Session 1 - Framework Rev 01
(This definition is taken from the Glossary of the Project Management Institute, A Guide to the Project
Management Body of Knowledge, (PMBOK® Guide) – Seventh Edition, Project Management Institute, Inc., 2021)
2
The Standard of Project Management
(This definition is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge,
(PMBOK® Guide) – Seventh Edition, Project Management Institute, Inc., 2021)
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Key Terms And Concepts
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Project
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On Going Operation
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Project Management
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What is a Project ?
• A project is a temporary endeavor undertaken to create a
unique product , service, or result
(This definition is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017)
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Project Management
• Effective Project Management Helps To:
• Meet business objectives;
• Satisfy stakeholder expectations;
• Be more predictable;
• Increase chance to success;
• Deliver the right products at the right time;
• Resolve problems;
• Respond to risk in a timely manner; etc.,
Project Management
• The Absence Of Project Management May Result In:
• Missed deadlines
• Cost overruns
• Poor quality
• Rework; etc.
Project Management
Effective And Efficient Project Management Enable Organizations
To:
Tie project result to business goals,
Compete more effectively in their markets,
Sustain the organization,
Respond to the impact of business environment changes on project.
The Project Constraints
“Managing a project typically includes, but is not limited to:
Identifying requirements.
Addressing the various needs, concerns & expectations of the stakeholders in
planning and executing the project.
Setting up, maintaining and carrying out communications among stakeholders
project deliverables.
Balancing the competing project constrains which include, but not limited to:”
Scope Budget
Quality Resources
Schedule Risk
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Project Management
• Triple Constraints
“Scope, Time & Cost, All within Quality”
Project Management
• Operation Management
Operation management is concerned with the ongoing production
of goods and /or services.
Monitoring &
Controlling Processes
Planning Processes
Executing Processes
Enterprise Environmental Factors
Integration Procurement
Risk Management
Management Management
Communications Stakeholder
Scope Management
Management Management
Schedule Resource
Management Management
Quality
Cost Management
Management
PROJECT PERFORMANCE DOMAINS
Project Performance Domains
(This definition is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Seventh 43
Edition, Project Management Institute, Inc., 2021)
Project Performance Domains
Stakeholders,
Team,
Development Approach and Life Cycle,
Planning,
Project Work,
Delivery,
Measurement, and
Uncertainty.
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Stakeholder Performance Domain
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Stakeholder Performance Domain
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Team Performance Domain
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Team Performance Domain
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Development Approach And Life Cycle
Performance Domain
Effective execution of this performance domain results in the
following desired outcomes:
• Development approaches that are consistent with project
deliverables.
• A project life cycle consisting of phases that connect the delivery of
business and stakeholder value from the beginning to the end of
the project.
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Development Approach And Life Cycle
Performance Domain
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Planning Performance Domain
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Planning Performance Domain
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Planning Performance Domain
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Project Work Performance Domain
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Delivery Performance Domain
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Delivery Performance Domain
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Measurement Performance Domain
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Measurement Performance Domain
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Uncertainty Performance Domain
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Uncertainty Performance Domain
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Uncertainty Performance Domain
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Uncertainty Performance Domain
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Thank you