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10 PROJECT MANAGEMENT KNOWLEDGE AREAS (STAKEHOLDER (E.g. Project sponsor.…
10 PROJECT MANAGEMENT KNOWLEDGE AREAS
SCOPE
Involves defining and managing all the work required to complete the project successfully.
PROCUREMENT
Involves acquiring or procuring goods and services for a project from outside the performing organization
COMMUNICATIONS
Involves generating, collecting, disseminating and storing project information.
RISK
Includes identifying, analyzing, and responding to risks related to the project.
STAKEHOLDER
E.g. Project sponsor. banks & other financial institutions, Project manager, Project team, Support staff, suppliers, Opponents to the project
Includes identifying and analyzing stakeholder needs while managing and controlling their engagement throughout the life of the project
SCHEDULE
Formerly called "project time management"
Includes estimating how long it will take to complete the work, developing an acceptable project schedule and ensuring timely completion of the project.
COST
Consists of preparing and managing the budget for the project.
QUALITY
Ensures that the project will satisfy the stated or implied needs for which it was undertaken,
HUMAN RESOURCE
Concerned with making effective use of the people and physical resources involved with the project.
PROJECT INTEGRATION MANAGEMENT
An overarching function that affects and is affected by all of the other knowledge areas.
DEFINITION
Describe the key competencies that project managers must develop