What are Project Management processes?

What are Project Management processes?

What are Project Management processes? The following are the project management processes and each group consists of many processes under each category:

Planning:

  • Core process planning
  • Scope definition and planning
  • Activity definition
  • sequencing and duration estimating
  • Schedule development
  • Risk management planning
  • Resource planning
  • Cost estimating and budgeting
  • Product development
  • Facilitating process planning
  • Quality, organizational, communication planning
  • Staff acquisition
  • Risk identification and analysis Procurement and solicitation planning

Executing processes

  • Project plan execution
  • Quality assurance
  • Team development
  • Information distribution
  • Solicitation
  • Source selection
  • Contract administration

Control processes

  • Integrated change control
  • Scope verification and change control
  • Quality control
  • Schedule control
  • Cost control
  • Performance reporting
  • Risk monitoring and control

Closing processes

  • Contract close-out
  • Administrative closure

All of the above processes are not essential in a project. An effective measure in project management may also be customizing processes.

References

  1. Introduction about Project Management
  2. Definition of a capital expenditure
  3. Importance and difficulties of Capital expenditure
  4. What is the need of Project Management ?
  5. How was the evolution of Project Management?
  6. What is the scope of Project Management
  7. What is the impact of Project Management on Organizations ?
  8. What are the characteristics of Project Management?
  9. What are Project Management Activities?
  10. What are Project Management processes?
  11. What are the different phases of life cycle of a project?
  12. How does project management becomes a part of strategic planning?
  13. What are the different phases of capital budgeting?
  14. What are the facts of project analysis
  15. What are the basic strategic postures associated with the SPACE approach?
  16. What is conglomerate diversification?
  17. What are the objectives of capital budgeting?
  18. Maximization of the wealth of equity shareholders
  19. Do firms really act or should solely act to further shareholders welfare?

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