Identify the 10 knowledge areas of the Project Management Bo

Identify the 10 knowledge areas of the Project Management Body of Knowledge (PMBOK) with a brief description, and identify which area you believe is the most important. Conversely, choose which area that you think is the least important, and justify your answers.

Solution

The 10 knowledge of areas of the Project Management Body of Knowledge (PMBOK) are:

Comprising of a plan development, plan execution and an integrated change control process, integration management is the range of processes required to ensure all elements of a project are successfully coordinated.

As scope changes, integration management means assessing objectives and offering alternatives in order to meet the expectations of the project stakeholders.

2. Scope management

Scope includes collating all the information required to begin a project and any features this project requires to meet stakeholder requirements.

Successful projects must meet strict deadlines and resource allowances, and scope creep always has a detrimental effect if not managed correctly.

3. Time management

Time restrictions vary depending on the nature of the project, but a well structured plan and schedule plays an essential part.

Time management includes the development of a timeline, decisions of project milestones and the structuring of schedules and activities.

4. Cost management

Including four process areas, a key technique to manage costs is Earned Value Management – EVM.

A project manager must practice effective cost management by estimating, budgeting, funding, managing and controlling costs so that they remain within the pre approved project budget.

5. Quality management

A project is no good if it fails to meet sponsor requirements and expected deliverables.

An organisation must determine quality policies, responsibilities and project objectives so it meets original needs and specifications

6. Human resource management

A team must be put together and managed so they perform well and can satisfy the demands of a project.

The size of project teams can vary, but all team members must be organised, managed and led effectively.

7. Communicatiosn management

For a project to be successful, the correct people must receive the right information at the appropriate time.

Communication management entails identifying what information should be communicated with the team and who it should be told to who will use the information effectively.

Communication includes the planning, creation, distribution, retrieval, management and monitoring of how information is relayed.

8. Risk management

A project manager must be competent in risk management.

The practice is crucial in projects to identify, plan for, analyse, respond, and control any factors that might dangerously affect a project and put the project team or end users at risk.

Effective risk management maximises the realisation of opportunities.

9. Procurement management

Procurement of resources means purchasing or acquiring materials, services or results required from an outside source.

Outside specialists are often needed on more complex and large scale projects and outsourcing is commonplace.

Suppliers are invited to bid for the project work and, once chosen, there will be a legally binding contract drawn up.

10. Stakeholder management

This process includes analysing stakeholder expectations and the impact these might have on the project, and engaging and communicating with stakeholders in decisions and the execution of tasks.

I believe all the knowledge areas are important Depending on the project and organizations involved, we would use more or less of the processes and tools, but most likely we would use all the knowledge areas in some way to help ensure project success.

I have an expousre to Project management for 5 years , from this experience,in retrospect I would say stakeholder management is the most important. Becasue the difficult you face in managing a Project is with the people. If something road blocks , then it is the people who solve it.