The Project Management Body of Knowledge (PMBOK) The PMBOK guide is an attempt to document the generally accepted PM information and practices and has since become the standard amongst project management around the globe. 1 Source: PMBOK 4th Ed. The Project Management Body of Knowledge (PMBOK) is a collection of processes and knowledge areas generally accepted as best practice within the project management discipline. As an internationally recognized standard (IEEE Std 1490-2003) it provides the fundamentals of project management, irrespective of the type of project be it construction, software, engineering, automotive etc. PMBOK recognizes 5 basic process groups and 9_knowledge areas typical of almost all projects. Processes overlap and interact throughout a project or phase. Processes are described in terms of: • Inputs (documents, plans, designs, etc.) • Tools and Techniques (mechanisms applied to inputs) • Outputs (documents, products, etc.) 2 Source: PMBOK 4th Ed. Project Management Process Groups and Knowledge Areas Map Knowledge Areas Project Integration Management (Process Matrix Chart) Project Management Process Groups Initiating Develop Project Charter Planning Develop Project Management Plan Executing Direct and Manage Project Execution Monitoring & Controlling Monitor and Control Project Work Perform Integrated Change Control Project Scope Management Collect Requirements Define Scope Create Work Breakdown Structure (WBS) Verify Scope Control Scope Project Time Management Project Time Management •Define Activities •Sequence Activities •Estimate Activity Resources •Estimate Activity Durations •Develop Schedule •Control Schedule Project Cost Management Estimate Costs Determine Budget Control Costs Project Quality Management Plan Quality Perform Quality Assurance Project Human Resource Management •Develop Human Resource Plan Acquire Project Team Develop Project Team Manage Project Team Plan Communications Distribute Information Manage Stakeholder Expectations Project Communications Management Identify Stakeholders Project Risk Management •Plan Risk Management •Identify Risk •Perform Qualitative Risk Analysis •Perform Quantitative Risk Analysis •Plan Risk Response Project Procurement Management Plan Procurements Closing Close Project or Phase Perform Quality Control Report Performance •Monitor & Control Risk Conduct Procurements Administer Procurements Close Procurements 3 Source: PMBOK 4th Ed. Project Cost Management Describes the processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. • Estimate Costs • Determine Budget • Control Costs Comments: for developing cost estimates and budgets and performing ongoing project cost control . 4 Source: PMBOK 4th Ed. Estimate Costs Inputs, Tools and Techniques, and Outputs Inputs 1. Scope baseline 2. Project schedule 3. Human resource plan 4. Risk register 5. Enterprise environmental factors 6. Organizational process assts Tools & Techniques 1. Expert judgment 2. Analogous estimating 3. Parametric estimating 4. Bottom-up estimating 5. Three-point estimates 6. Reserve analysis 7. Cost of quality 8. Project management estimating software 9. Vendor bid analysis Outputs 1. Activity cost estimates 2. Basis of estimates 3. Project document updates 5 Source: PMBOK 4th Ed. Determine Budget Inputs, Tools and Techniques, and Outputs Inputs 1. Activity cost estimates 2. Basis of estimates 3. Scope baseline 4. Project schedule 5. Resource calendars 6. Contracts 7. Organizational process assets Tools & Techniques 1. Cost aggregation 2. Reserve analysis 3. Expert judgment 4. Historical relationships 5. Funding limit reconciliation Outputs 1. Cost Performance baseline 2. Project funding requirements 3. Project document updates 6 Source: PMBOK 4th Ed. Control Costs Inputs, Tools and Techniques, and Outputs Inputs 1. Project Management Plan 2. Project funding requirements 3. Work performance information 4. Organizational process assets Tools & Techniques 1. Earned Value Management 2. Forecasting 3. To-complete performance index 4. Performance reviews 5. Variance analysis 6. Project management software Outputs 1. Work performance measurements 2. Budget forecasts 3. Organizational process assets updates 4. Change requests 5. Project management plan updates 6. Project document updates 7 Source: PMBOK 4th Ed. Inputs, Tools and Techniques, and Outputs Inputs 1. Tools & Techniques 1. Outputs 1. 8 Source: PMBOK 4th Ed. The Project Management Knowledge Areas organize the 42 project management processes into nine Knowledge Areas. Project Management Knowledge Areas describe the key competencies that project managers must develop. • Four core knowledge areas lead to specific project objectives (scope, time, cost, and quality). • Four facilitating knowledge areas are the means through which the project objectives are achieved (human resources, communication, risk, and procurement management). • One knowledge area (project integration management) affects and is affected by all of the other knowledge areas. 9 Source: PMBOK 4th Ed.