Project Management Essentials - Mod 1/Ch 1

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What are the 5 Project Management Process Groups?

1. Initiating 2.Planning 3.Excuting 4.Montioring & Control 5.Closing

Project

A Unique process, not an everyday business process. It has a start and an end date.

What are the 10 knowledge areas?

Integration Scope Time Cost Quality Human Resource Communication Risk Procurement Stakeholder

Project Stakeholder

Someone with a stake in how the project goes.

Project Portfolio

a collection of diverse projects managed collectively to align with the organization's strategy and overall plan to achieve competitive advantage


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