PMP Quest
... key to Project Management success.
... key to Project Management success.
Project Management Professional (PMP) FundamentalsWhat is Project Management? Project Management is the application (applying) of knowledge, skills(technical, non-technical, soft, financial etc), tools and techniques (Earned Value Management, Work Breakdown Structure etc) to project activities in order to meet stakeholder needs and expectations from the project. It is the responsibility of a project manager to keep the project with in SCT (scope, cost and Time) control; to manage stakeholders different needs and expectations; and to coordinating activities and managing the resources by integrating 5 major high level processes - called IPECC (Initiating, Planning, Execution, Monitoring and Controlling & Closing. Why do I need any training or certification? It is observed that most of the projects fail or get delayed due to lack of project management skills. Project Management helps to focus to meet the project objectives by understanding all the different processes, tools and techniques required to manage a project. PMP will strengthen your PM (project Management) skills, concepts etc. PMP will help you to understand how and what processes need to be followed in different situations. What areas of expertise a Project Manager needs? What is a Project? A temporary endeavor undertaken to create a unique product or service. Let's pay attention to the important keywords What are the example and typical reason of a Project?
Why is a project "A Temporary endeavor"? Projects are referred to as temporary endeavors because they end when goals are met or when they cannot be met. In either case the Team gets disbanded. What is a Sub-Project? When a project is sub divided into manageable components are called as sub-projects. This is very common in almost every industry. e.g. in Software industry, a big project is divided into different sub-projects like front office, back office, admin etc. These sub-projects are contracted to an external enterprise or a different functional unit. What about repetitive tasks? Ongoing and repetitive tasks/activities are called as Operations. The objective of an ongoing operation is to sustain the business. It always adopts a new set of objectives and work continuously. e.g. Maintenance activities in a software project. What is a Program? A Program is a group of related projects that are managed in a coordinated way and usually include an element of ongoing activity. What are the common characteristics between project (temporary and unique) and operation (ongoing and repetitive)?
What is a process? A process is a series of actions bringing about a result. All projects are composed of processes and they are classified as Project management process and product oriented process overlap and interact throughout the project. What is a stakeholder? And what are the typical characteristics? Everyone, who is involved or attached or concerned to the project is a stakeholder. It includes project sponsor, project manager, external vendors, team members etc. Typical characteristics are - It is a Project managers responsibility to identify all the stakeholders and manage them. e.g. when government is building a bridge in your city, civilians are the stakeholders for that project. What are the types of stakeholder? External Internal Client Side In general, always remember that differences between or among stakeholders should be resolved in the favor of the customer end user). |
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