YancyPM
http://www.YancyPM.com
Home
NOTE: The historical Yancy Project Management website can be found in YPM Archive at https://www.yancypm.com/project_management/index.html. These pages are no longer updated and are only provided for those that prefer the original format.
This website contains information that has collected over the years about the field of Project Management. Most of the information is provided free of charge. Every effort is made to insure that the information is accurate. However, errors may exist. Please be aware that the information is free and it is not guaranteed. If you discover an error please notify the webmaster. Any error will be corrected as soon as possible.
Most of the references included on this website contain links that allow you to purchase material from Amazon.com. All products are sold and serviced by Amazon.com, one of the most trusted names on the internet. You can purchase new or used material in most cases and the costs are among the lowest available. YancyPM.com does not provide a warranty or guarantee for any of the products.
User accounts are available and recommended to unlock more features on YancyPM. Many users take advantage of the PM Q&A section that allows them to take tests about different project management topics. This feature is only available to logged in users. Also, a user will have to login to post a blog or comment. Click on 'Register New Account' link to create your account.
A forum and discussion section of YancyPM.com has been created and is open to everyone. It is intended that all users will have a place to discuss any issues related to Project Management. The forums are not moderated at this time. If this condition is abused, i.e. spam or other inappropriate content, a censorship program will be implemented. So please visit the forum and discussion section and start a topic.
There are many project management frameworks in existence. However, the one that is probably the most widely used is the one from the Project Management Institute(PMI), which publishes the framework in its PMBOK Guide and Standards. The Project Management Body of Knowledge (PMBOK) Guide has essentially become the standard for documenting the project management profession. Most of the information is based on PMI information but also includes information from other project management organizations and standards used around the world.
As a quick introduction to project management, the following topics are covered first on this site:
- Knowledge Areas
- Process Groups
- Processes
- Project
- Project Management
- Program
- Program Management
- Portfolio
- Portfolio Management
- Project Management Office
- Project Manager
Knowledge Areas
The PMI framework divides the PM body of knowledge into 10 areas:
- Project Integration Management
- Project Scope Management
- Project Time Management
- Project Cost Management
- Project Quality Management
- Project Human Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
Process Groups
PMI also defines many project management processes. These processes are categorized into 5 Process Groups:
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
Processes
The processes as defined by PMI are:
-
Integration Management
-
Initiating
- Develop Project Charter
-
Planning
- Develop Project Management Plan
-
Executing
- Direct and Manage Project Work
-
Monitoring and Controlling
- Monitor and Control Project Work
- Perform Integrated Change Control
-
Closing
- Close Project or Phase
-
Initiating
-
Scope Management
-
Initiating
- none
-
Planning
- Plan Scope Management
- Collect Requirements
- Define Scope
- Create WBS
-
Executing
- none
-
Monitoring and Controlling
- Validate Scope
- Control Scope
-
Closing
- none
-
Initiating
-
Time Management
-
Initiating
- none
-
Planning
- Plan Schedule Management
- Define Activities
- Sequence Activities
- Estimate Activity Resources
- Estimate Activity Durations
- Develop Schedule
-
Executing
- none
-
Monitoring and Controlling
- Control Schedule
-
Closing
- none
-
Initiating
-
Cost Management
-
Initiating
- none
-
Planning
- Plan Cost Management
- Estimate Costs
- Determine Budget
-
Executing
- none
-
Monitoring and Controlling
- Control Costs
-
Closing
- none
-
Initiating
-
Quality Management
-
Initiating
- none
-
Planning
- Plan Quality Management
-
Executing
- Perform Quality Assurance
-
Monitoring and Controlling
- Control Quality
-
Closing
- none
-
Initiating
-
Human Resource Management
-
Initiating
- none
-
Planning
- Plan Human Resource Management
-
Executing
- Acquire Project Team
- Develop Project Team
- Manage Project Team
-
Monitoring and Controlling
- none
-
Closing
- none
-
Initiating
-
Communications Management
-
Initiating
- none
-
Planning
- Plan Communications Management
-
Executing
- Manage Communications
-
Monitoring and Controlling
- Control Communications
-
Closing
- none
-
Initiating
-
Risk Management
-
Initiating
- none
-
Planning
- Plan Risk Management
- Identify Risks
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
- Plan Risk Responses
-
Executing
- none
-
Monitoring and Controlling
- Control Risks
-
Closing
- none
-
Initiating
-
Procurement Management
-
Initiating
- none
-
Planning
- Plan Procurement Management
-
Executing
- Conduct Procurements
-
Monitoring and Controlling
- Control Procurements
-
Closing
- Close Procurements
-
Initiating
-
Stakeholder Management
-
Initiating
- Identify Stakeholders
-
Planning
- Plan Stakeholder Management
-
Executing
- Manage Stakeholder Engagement
-
Monitoring and Controlling
- Control Stakeholder Engagement
-
Closing
- none
-
Initiating
Project
A project is a temporary endeavor undertaken to create a unique product, service, or result.
A project can create:
- A product that can be either a component of another item, an enhancement of an item, or an end item in itself
- A service or a capability to perform a service (e.g., a business function that supports production or distribution)
- An improvement in the existing product or service lines (e.g., A Six Sigma project undertaken to reduce defects)
- A result such as an outcome or document (e.g., a research project that develops knowledge that can be used to determine whether a trend exists or a new process will benefit society)
Project Management
Project management is the application of knowledge, skills, tools, and tecniques to project activities to meet the project requirements.
Project management is accomplished through the appropriate application and integration of the 47 logically grouped project management processes, which are categorized into 5 Progress Groups.
Organizational Project Management (OPM) is a strategy execution framework utilizing project, program, and portfolio management as well as organizational enabling practices to consistently and predictable deliver organizational strategy producing better performance, better results, and a sustainable competitive advantage.
Program
A program is defined as a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually.
Program Management
Program management is the application of knowledge,skills, tools, and techniques to a program in order to meet the program requirements and to obtain benefits and control not available by managing projects individually.
Portfolio
A portfolio refers to projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives.
Portfolio Management
Portfolio management refers to the centralized management of one or more portfolios to achieve strategic objectives.
Projects are typically authorized as a result of one or more of the following strategic considerations:
- Market demand
- Strategic opportunity / business need
- Social need
- Environmental consideration
- Customer request
- Technological advance
- Legal requirement
Project Management Office
A project management office (PMO) is a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.
PMO Structures
- Supportive - PMOs that provide a consultative role to projects by supplying templates, best practices, traiing, access to information and lessons learned from other projects. This type of PMO serves as a project respository. The degree of control provided by the PMO is low.
- Controlling - PMOs that provide support and require compliance through various means. Compliance may involve adopting project management frameworks or methodologies, using specific templates, forms and tools, or conformance to governance. The degree of control provided by the PMO is moderate.
- Directive - PMOs that take control of the projects by directly managing the projects. The degree of control provided by the PMO is high.
A primary function of a PMO is to support project managers in a variety of way which may include, but are not limited to:
- Managing shared resources across all projects administered by the PMO
- Identifying and developing project management methodology, best practices, and standards
- Coaching, mentoring, training, and oversight
- Monitoring compliance with project management standards, policies, procedures, and templates by means of project audits
- Developing and managing project policies, procedures, templates, and other shared documentation (organizational process assets)
- Coordinating communication across projects
Operations are ongoing endeavors that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle.
Projects can intersect with operations at various points during the product life cycle, such as:
- At each closeout phase
- When developing a new product, upgrading a product, or expanding outputs
- While improving operations or the product development processes
- Until the end of the product life cycle
Business value is defined as the entire value of the business; the total sum of all tangible and intangible elements.
Project Manager
The project manager is the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.
Effective project management requires that the project manager possess the following competencies:
- Knowledge - Refers to what the project manager knows about project management
- Performance - Refers to what the project manager is able to do or accomplish while applying his or her project management knowledge.
- Personal - Refers to how the project manager behaves when performing the project or related activity.
Important interpersonal skills of PM include:
- Leadership
- Team Building
- Motivation
- Communication
- Influencing
- Decision Making
- Political and Cultural Awareness
- Negotiation
- Trust Building
- Conflict Management
- Coaching
Organization Project Management Maturity Model (OPM3) examines an enterprise's project management process capabilities
| |
Recent comments