Managing project management knowledge

Running head: PROJECT MANAGEMENT KNOWLEDGE
PROJECT MANAGEMENT KNOWLEDGE
Name of the Student
Name of the University
Author Note

PROJECT MANAGEMENT KNOWLEDGE1
Table of Contents
Introduction......................................................................................................................................2
Comparison of different approaches in project management..........................................................2
Responsibility of a project team......................................................................................................4
Identifying the strategies for self and team improvements..............................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

PROJECT MANAGEMENT KNOWLEDGE2
Introduction
The paper aims at describing and reflecting on the importance of project management
knowledge. In this paper the main concern is to identify the factors that are essential for carrying
out a project successfully. In addition to this the paper will also focus on determining the team
dynamics importance, the way project can be managed and communication process in the project
management. Hence it can be stated that with proper focus in the assessment it will become easy
to evaluate the different theoretical approach that are related with the project management.
Comparison of different approaches in project management
Project management is known as the collection of knowledge, tools, techniques and skills
that are used for the purpose of meeting the initial requirements that are needed for developing a
project successfully. The main reason behind using an effective project management approach is
that it ensures that the project is organized effectively based on the time. This also ensures that
the cost needed for developing the project has been identified at the early stage, thus enhancing
the business process. One of the key reasons behind using project management approach is that it
helps in minimizing the projects risks by identifying the risks at the early stage. Thus it can be
stated that with the help of an efficient project management. The key phases that are associated
with a successful execution of a project include initiation, planning, execution, monitoring and
controlling and closing. It is important to ensure that the project development process has gone
through this phases for the purpose of achieving better results (Badewi 2016). Beside this there is
a wide project management knowledge area that is needed to be evaluated critically for the
purpose of proper execution. This includes integrating the project into different components,