PMBOK6, or the Project Management Body of Knowledge 6th edition, is a comprehensive guide to project management that outlines the principles and best practices of the discipline. One of the key areas covered in PMBOK6 is project management.
A project is defined as a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements and deliver the expected business value.
In PMBOK6, project management is described as a set of five process groups: initiating, planning, executing, monitoring and controlling, and closing. Each process group consists of a set of related processes that are performed throughout the project life cycle.
- Initiating: This process group involves defining the project and obtaining approval to begin work. Key activities in this group include defining the project scope, identifying stakeholders, and developing a project charter.
- Planning: This process group involves defining the project objectives, developing a detailed project plan, and identifying the resources required to execute the project. Key activities in this group include defining the project scope, developing a project schedule, and creating a project budget.
- Executing: This process group involves executing the project plan and delivering the project deliverables. Key activities in this group include managing project risks, communicating with stakeholders, and implementing project changes.
- Monitoring and Controlling: This process group involves tracking project performance, comparing actual progress to the project plan, and taking corrective action as needed. Key activities in this group include monitoring project risks, controlling project costs, and managing project scope.
- Closing: This process group involves finalizing project activities, releasing project resources, and obtaining formal acceptance of the project deliverables. Key activities in this group include closing out project contracts, obtaining project feedback, and conducting project reviews.
Overall, PMBOK6 provides a comprehensive framework for managing projects, from defining project objectives to delivering project deliverables and closing out the project. By following best practices outlined in PMBOK6, project managers can ensure that their projects are delivered on time, within budget, and with the expected business value.
