PROJ6000 Principles of Project Management Report: PMI

This report delves into project management, focusing on the Project Management Body of Knowledge (PMBOK) and its practical application. It highlights the five stages of project management: initiating, planning, executing, monitoring and controlling, and closing. The report emphasizes the Project Management Institute (PMI) as a standard approach, detailing its benefits such as effective monitoring and scheduling. The report also references Atlassian's adoption of the PMBOK methodology, suggesting its effectiveness in business project management. The report underscores the importance of a structured approach to project management for successful outcomes, drawing on various sources to support its claims. It concludes by emphasizing the value of PMI in improving project results and providing a foundation for future project management practices.

3/4/2020
Project Management
Report
Student name

Project management Approach
Project Management (PM) is a basic need of many firms to handle their work
processes and it has used to manage various processes as well. the Project Management
Body of Knowledge (PMBOK) has provided various approaches for managing a project of a
firm (Karaman & Kurt, 2015). PMI has provided different approaches to manage a project in
a successful condition. Atlassian has developed their projects using PMBOK methodology
(CARASSO, 2013). PRINCE2 has another approach to manage a project (PMI, 2019).
However, PMI has provided better outcomes. It has managed a project using five stages,
which areas:
Initiating: in this process, a manager can define the start of a new project. In addition,
there are many benefits of defining a project stage. Atlases has provided initial processes of a
project to their clients as well.
Planning: in this stage, the scope of the project will be defined. There are some basic
objectives will be achieved.
Executing: all the project stages will be executed, which has defined in the previous
stages, which are defined in the project management plan.
Monitoring and controlling: a manager can track the progress of a project as well. It is
helping in performance management as well. Atlassian has provided JIRA service module to
their clients for monitoring.
Closing: concluding all the stages of the project. PMI techniques have used for the
management of works. Moreover, a project manager has adopted a good approach to make
their project successful (Taylor, 2018).
Moreover, PMI has used for manual processes as well as automatic functions of a
project. In addition, all the processes of a project can be managed using basic processes as
well. However, there are many benefits of PMBOK, such as monitoring, scheduling, and
many more (Malas, 2019). Moreover, PMI is a standard approach to start a project using
defining various parameters. In addition, internal and external processes used for business
management as well. Furthermore, PMI has used for managing a project and its various
processes. It is the best approach to manage all the processes. PMI has improved the standard
using differing approaches (CARASSO, 2013).

Most of the people have adopted this approach for project management because of its
features and benefits. It is based on the waterfall model, which has worked on the basic
processes. There is a basic need for a system to manage all the functions of a project (Taylor,
2018).
In conclusion, Atlassian has adopted PMBOK methodology for various project for
their clients. it is the best approach for business project management as well. In addition,
there are many tricks that can be used for improving the results of a project. Atlassian has
used PMI methodology for better outcomes. Managers have focused on basic processes and
monitoring. It will be a great choice for project management. In the future, PMI will be
provided with better approaches for managing a project. It is the best technique to execute
different processes based on the schedule. It will provide better results in the long term.

References
CARASSO, M. (2013, Sepetember 3). How we do project management at Atlassian.
Retrieved from https://www.atlassian.com/:
https://www.atlassian.com/blog/archives/how-we-do-project-management-at-atlassian
Karaman, E., & Kurt, M. (2015). Comparison of project management methodologies: prince
2 versus PMBOK for it projects. International Journal of Applied Science and
Engineering Research, 4(4), 572-579.
Malas, F. (2019). The 10 Best Project Management Tools. Retrieved January 26, 2020, from
https://clickup.com/blog/the-10-best-project-management-tools/
PMI. (2019). Code of Ethics and Professional Conduct. Retrieved from http://www.pmi.org:
http://www.pmi.org/About-Us/Ethics/Code-of-Ethics.aspx
Taylor, A. (2018). PROJECT MANAGEMENT AT ROCHE. Retrieved February 15, 2020,
from https://rocheav.co.uk/newsfeed/project-management-at-roche/