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Project management systems – PMBOK – part 3

PMBOK – part 3

The Project Management Knowledge Areas

Project Time Management

This includes the processes required to accomplish timely completion of the project.

This is divided into subsections titled:

  • Activity Definition
  • Activity Sequencing
  • Activity Resource Estimating
  • Activity Duration Estimating
  • Schedule Development

Each of these is covered by three areas, namely:
As an example, for the first item, ‘Activity Definition’, these are:

  1. Inputs
  2. Tools and Techniques
  3. Outputs
  1. Inputs
  • Enterprise Environment Factors
  • Organizational Process Assets
  • Project Scope Statement
  • Work Breakdown Structure
  • WBS Dictionary
  • Project Management Plan
  1. Tools and Techniques
  • Decomposition
  • Templates
  • Rolling Wave Plan
  • Expert Judgement
  • Planning Component
  1. Outputs
  • Activity List
  • Activity Attributes
  • Milestone List
  • Requested Changes

Project Cost Management

This includes the processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget.

This is divided into subsections titled:

  • Cost Estimating
  • Cost Budgeting
  • Cost Control

Each of these is covered by three areas, namely: As an example, for the first item, ‘Cost Estimating’, these are:

  • Inputs
  • Tools and Techniques
  • Outputs
  1. Inputs
  • Enterprise Environment Factors
  • Organizational Process Assets
  • Project Scope Statement
  • Work Breakdown Structure
  • WBS Dictionary
  • Project Management Plan
  1. Tools and Techniques
  • Analogous Estimating
  • Determine Resource Cost Rates
  • Bottom-up Estimating
  • Parametric Estimating
  • Project Management Software
  • Vendor Bid Analysis
  • Reserve Analysis
  • Cost of Quality
  1. Outputs
  • Activity Cost Estimates
  • Activity Cost Estimate Supporting Detail
  • Requested Changes
  • Cost Management Plan (Updates)

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