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Project Schedule Management : the processes required to manage the timely completion of the project. Until the 6th edition of the PMBOK Guide this was called "Project Time Management" Project Cost Management : the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can ...
The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management. While its origins are unclear, it has been used since at least the 1950s. [ 1] It contends that: The quality of work is constrained by the project's budget, deadlines and scope (features ...
Project management is the process of supervising the ... A Guide to the Project Management Body of Knowledge (PMBOK ... and at the right time a project cannot be ...
Project Management Professional. Project Management Professional ( PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). [ 1] As of 31 July 2020, there are 1,036,368 active PMP-certified individuals and 314 chartered chapters across 214 countries and territories worldwide.
Management process – is a process of planning and controlling the performance or execution of any type of activity. Process – ongoing collection of activities, with inputs, outputs and the energy required to transform inputs to outputs. Project – A temporary endeavor undertaken to create a unique product, service, or result.
ISO 21500. ISO 21500, Guidance on Project Management, is an international standard developed by the International Organization for Standardization, or ISO starting in 2007 and released in 2012. It was intended to provide generic guidance, explain core principles and what constitutes good practice in project management. [ 1]
A project plan, according to the Project Management Body of Knowledge (PMBOK), is: "...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among project stakeholders, and document approved scope ...
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle: scope, time, and costs. In a single integrated system, EVM is able to provide accurate forecasts of project performance problems, which is an important aspect of ...
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