Planning 3. The main objective of the schedule management processes is completing a project on time without variance. Note that, project management processes are documented and controlled by the help of project management templates. There are 10 PMBOK knowledge areas. Initiating 2. By visiting our website, you agree to the use of cookies as described in our Cookie Policy. Moni… It is important to know both the Process Group and Knowledge Area for each process. An important study tool for everyone preparing for the PMP® exam is Table 3-1. Ofcourse, there are certain changes between PMBOK 5 and PMBOK 6 and in this video we go over all those changes from processes perspective. It includes processes, ac… These are validating the scope and controlling the scope. These are planning cost management, estimating costs, determining the budget and controlling costs. These are: acquiring the project team, developing the project team and managing the project team. Planning the resource management process belongs to planning phase and three other processes belong to the executing process group. Two processes belong to the monitoring and controlling process group. These project management process groups are called initiating, planning, executing, monitoring and … Project Cost Management. The planning phase process group is where you build the project infrastructure that … We use cookies to offer you a better experience. The PMI has organized the PMBOK Guide according to the knowledge areas to ease the process of acquiring the skills. Project Management 5 Basic Process Groups. Processes are grouped according to their similarities, logical categorizations of processes in the way that a project moves from initiation to closing. These are the chronological phases that every project goes through. These are: planning the schedule management, defining activities, sequencing activities, estimating activity resources, estimating activity durations, developing the schedule and controlling the schedule. Package includes: - PMP Question Bank- PMP Flash Cards- PMP Prep Book Sample PDF- Free PMP Overview Training- PMP Cheat Sheets & more. Executing Process Group 4. Stakeholder management processes help to manage expectations of project stakeholders during the project. The main purpose of procurement processes is management and coordination of purchasing activities in a project. These processes are developing the project charter, developing the project management plan, directing and managing the project work, monitoring and controlling the project work, performing integrated change control and closing the project or phase. There are twice as many Knowledge Areas than there are Process Groups, and intially it … The PMBOK® Guide also divides the work that the project team performs into separate and distinct processes. Let’s review which processes of which PMBOK knowledge areas belong to which process group. PMBOK guide 6th edition will gear towards more suggestive wording instead of mandatory wording. This process group is performed so that projects and progra… Project Integration Management 4.1 Develop Project Charter 4.2 Develop Project Management Plan 4.3 Direct and Manage Project Work 4.4 Manage Project Knowledge Since risks are evaluated mainly in the planning phase, five out of six processes belong to the planning phase. PMP® Online Training - 35 Hours - 99.6% Pass Rate, PMP® Online Class - 4 Days - Weekday & Weekend Sessions, Are You a PMP? These are: acquiring the project team, developing the project team and managing the project team. A Guide to the Project Management Body of Knowledge (PMBOK, Manage Project Knowledge (new process) - added under the executing process group, Implement Risk Response (new process) - added under the executing process group, Control Resources (new process) - added under monitoring and controlling process group, Close Procurements (removed from 6th edition) - removed from close project phase. I find putting things context helps me … In the Project Management Body of Knowledge (PMBOK) the process groups are the chronological phases that the project goes through, and the knowledge areas occur throughout any time during the process groups. This will help you understand how most of the content and processes between both these books are actually the same. In project life cycle there are five process groups: The initiating process group, the planning process group, the executing process group, the monitoring & controlling process group and lastly the project closing process group. 3 new processes are added while 1 deleted in PMBOK® Guide 6th edition, resulting in a total of 49 processes from 47 processes in PMBOK® Guide 5th edition: If you did not receive, make sure you check your spam folders and add masterofproject.com to safe senders list to receive our emails. This is the only project management knowledge area that has processes in each five process groups. This paper examines how project managers can adapt the PMBOK Guide's principles and processes for the practical management of projects. According to the PMBOK 6 guide, the project management knowledge areas help to achieve an efficient project management. Initiating 2. These are planning the scope management, collecting requirements, defining the scope and creating WBS. 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