Why is pmbok the best practices

Popular Agile PM Frameworks 9. Resources Glossary Further reading: PMP Certification? Recommended FAQ 5 questions. Download our mobile app for your Android or iOS device. For partners Wrike Partner Program. Adjustments to processes were made. After the stated goals were reached and all associated tasks were complete, the project was successfully completed.

For organizations and project management professionals that want to bring a higher level of sophistication and standardization to the table, A Guide to the Project Management Body of Knowledge is an excellent place to start. KaiNexus empowers leading organizations in every industry to start, spread and sustain their improvement cultures.

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KaiNexus Blog. Everything Continuous Improvement. Improvement Customer. Planning The planning process group involves activities that further hone the scope of the project, including identifying risks, milestones, and budget.

Executing This phase is all about orchestrating activities according to the timeline and communicating with the sponsor and stakeholders. Closing Project management is distinct from other forms of management because projects are time or milestone limited.

Integration Integration is the ability to bring together all inputs to manage the project as a whole and not in chunks or fits and starts. Scope The scope makes clear what the project will deliver and what is excluded.

Time The knowledge area of time involves understanding the time commitment of each person to their project tasks and projecting the overall timeframe of the project. Cost Where necessary, there must be a budget associated with each task. Quality Quality control and management must be backed-in to every project activity so that the results will be in line with expectations. Procurement Project managers should be adept at procuring both supplies and resources in a way that adds value and minimizes waste.

Human resources Excellent project managers build teams that have, or can grow, the skills necessary to get to the finish line. The plan identifies variables like cost, quality, available resources, and a realistic timeline.

The project plan also establishes performance measures, which are generated using the scope, schedule, and cost of the project. Roles and responsibilities for team members are divvied out accordingly, distributing accountability across the project. Launch or Execution: The project execution phase is when deliverables are developed and completed.

There are many moving parts during this phase, like team development, resource assignment, system tracking, project scheduling, and plan modifying. Performance and Control: This phase is geared towards measuring project progression and performance to ensure that all tasks align with the original project plan.

Key performance indicators KPIs help to determine if the project is on track based on components like project objectives, quality deliverables, effort and cost tracking, and project performance. Project Close: This phase signals the completion of a project.

Project managers are tasked with terminating contractors, recognizing valuable team members, and evaluating a project to identify strengths and weaknesses. After the project is completed, PMs must still create a punch list of unaccomplished tasks and perform a final budget analysis that will go into the final project report. They are responsible for keeping all interested parties informed on the progress of the project.

Obstacles that could hinder the progress of the project also need to be communicated. Project managers must have the necessary skills to assess and monitor risks over the lifespan of the project. Whenever possible, project managers should promote the acquisition of resources that add value and minimize waste.

The project manager should keep in mind the people impacted by the project. Stakeholder needs should be the focus while carrying out the project. Using a set of proven and accepted practices, it is possible, for example, to better manage projects involving more than one company. It can also provide project continuity with another manager, if necessary, among the other advantages that standardization offers. Similarly, the application of PMBOK in projects in different company areas promotes fluency in communication and results in greater productivity.

Laurides Dozol.