PMBoK Project Management

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PMBoK Project Management
Methodology
Process Groups & Knowledge Areas
6/10/2019

PMBoK Project Management
Table of Contents
Introduction............................................................................................................... 2
Process Groups........................................................................................................... 2
Initiation................................................................................................................ 2
Planning................................................................................................................ 2
Execution.............................................................................................................. 3
Control.................................................................................................................. 3
Closure................................................................................................................. 4
Knowledge Areas........................................................................................................ 4
Risk Management.................................................................................................... 4
Time Management................................................................................................... 5
Communication Management...................................................................................... 5
Human Resource Management.................................................................................... 6
Scope Management.................................................................................................. 6
Conclusion................................................................................................................ 7
References................................................................................................................ 8
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PMBoK Project Management
Introduction
Project Management Body of Knowledge (PMBoK) is a project management methodology
that has been defined by Project Management Institute (PMI). It is the methodology that
comprises of the guidelines for effective project management and assists the Project Manager
and other members in the project team to execute the project as per the best practices. The
methodology includes five process groups and ten knowledge areas that are applied and
handled for the overall project management.
The contribution of these five process groups and the impact of five out of ten project
knowledge areas are covered in the report.
Process Groups
Initiation
The first process group that is defined under the PMBoK methodology is the initiation
process group. It is the group that provides the ability to set the basics right and comprises of
the high-level analysis of the project from the managerial and operational aspects. One of the
significant activities that are covered in the process group is the conduction of the feasibility
studies. The business firms take up the projects without realizing the doability of the same.
This often results in the project failures and the management is held responsible for the same.
However, the initiation process group under the PMBoK methodology provides the ability to
understand the areas that can be accomplished and the ones that may be not (Cuevas et al.,
2018).
Therefore, the success or failure rate of the project is determined in the process group and
there is a high-level analysis of the benefits and estimates done. The results are documented
in a formal project charter which is shared with the internal and external stakeholders. The
process group contributes in managerial activities by communicating the initial project details
to all the stakeholders so that transparency is maintained all throughout.
Planning
One of the most significant process groups defined under project management is the planning
process group. It is the group in which the project plans and sub-plans are made. It
contributes in the overall project management and handling by defining and managing the
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