What is PM book?

Why do we need PMBOK?

The PMBOK® goal is to enable organizations to standardize project management practices across departments. It also helps project managers work with a standardized system across organizations. This means that a project manager who moves from one company to another can use the same practices.

Why is PMBOK important to a project manager?

For project managers, a universal set of best practices is vital because PMBOK is the standard by which PMP certification is attained. For employers, PMBOK is crucial because it helps them identify professionals who can step in and apply standardized practices within the business and across departments.

What are the 4 types of project management?

A 2017 report published by the Harvard Business Review divides project manager personalities into four different types—executor, prophet, expert, and gambler [2]. Knowing how you or other project managers operate can be useful in discerning what kind of project management style is best for the situation.

What are the 5 stages of project management?

Five stages of project management

  • initiation.
  • planning.
  • execution.
  • monitoring and control.
  • closure.


What are the 4 main parts of a project plan?

The project lifecycle includes the following:

  • Initiation defines project goals and objectives.
  • Planning sets out the project scope.
  • Execution is when the deliverables are created.
  • Monitoring and management occur during the execution phase and may be considered part of the same step.

What are the 7 stages of project management?

Take a look at the seven stages of the project management lifecycle to achieve optimal results regardless of your industry.

  • Planning.
  • Analysis.
  • Design and analysis.
  • Development.
  • Testing.
  • Implementation.
  • Maintenance.


What are the 3 main stages of project management?

The phases of project management are:

  • Stage 1: Initiation. This phase of project management marks the beginning of the project and is where the project charter is developed, and stakeholders are identified.
  • Stage 2: Planning.
  • Stage 3: Execution.
  • Stage 4: Controlling/Monitoring.
  • Stage 5: Closing.


What are the 7 steps of project planning?

7 Steps To Project Planning Success For Project Managers

  • Tip 1: Establish clear goals for the project.
  • Tip 2: Set expectations up front.
  • Tip 3: Outline potential risks and how you’ll manage them if hazards arise.
  • Tip 4: Minimize the number of meetings.
  • Tip 5: Plan the perfect kickoff meeting.

What are the six 6 types of project management methods?

Specific examples of project management methodologies – each with its unique advantages and limitations – include, but are not limited to Agile, Waterfall, Critical Path, Scrum, Lean Six Sigma and PRINCE2.

What are the 10 parts of a project plan?

Elements of a project plan you shouldn’t overlook

  • Outline business justification and stakeholder needs.
  • List of requirements and project objectives.
  • Project scope statement.
  • List of deliverables and estimated due dates.
  • Detailed project schedule.
  • Risk assessment and management plan.
  • Defined roles and responsibilities.