PMBoK5 Project Management Framework
PMBoK5 Project Management Framework
The PMP exam, which is hosted by the Project Management Institute (PMI), follows a standard framework. This framework is detailed in the Project Management Body of Knowledge 5th Edition. This framework is used to help companies understand the process of project management. It is used in all major industries. This is due to many good reasons.
This framework defines the roles of each member of a project team. It also gives examples of typical projects such as building and designing an automobile range, developing a drug, and designing a bridge. Although the project’s scope and size may vary, the method for managing it will remain the same. This creates consistency across the organization, which adds control and precision to the project’s outcome.
Because everyone is on the same page within the project team, there is more collaboration because teammates know exactly what to do regarding the project and their role within it. Communication between members of the team is a key component to any team effort. Although members of a team may come from different departments or backgrounds, they all play an important role in the project team as they all share the same goals. The framework requires that they communicate their responsibilities and due dates to each other. Another reason to support the framework is its ability to provide continuity for organizations. If the project manager is unplannedly replaced, another PMP can step in and continue directing his team in the same way. The approach and process are the same. Each project has its own set of problems and requirements, but the framework streamlines them.
The project management framework reveals many important aspects of the project, such as:
1. Tripe constraint theory (constraints are scope, schedule, and resources).
2. Lifecycle of a project
3. Phases of the project
4. Stakeholders in the project
5. Methods of project selection
6. Groups for project management
7. Knowledge areas
The PMBoK 5th Edition study book contains all the topics. This is a must-read book for anyone preparing to take the PMP exam. The PMP certification is essential for project managers who need to know the difference between theory and practice. PMPs can add structure and direction to a company.
Author : Lisa Findlay