Project Scope Management

Scope Management is an important knowledge area in Project Management. Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, features, functions, tasks, deadlines, and ultimately costs. In other words, it is what needs to be achieved and the work that must be done to deliver a project. Project Scope Management refers …

Understanding of Some Important Terminologies in Project Management

A project can be defined as a temporary endeavour undertaken to create a unique product or service***. This definition is given by Project Management Institute. Projects are different from other ongoing operations in an organization, because unlike operations, projects have a definite beginning and an end – they have a limited duration. Let’s look at some important part of definition. “Temporary Endeavour”, …

Project Resource Management

Human resource is critical for success of the project. Human resource is difficult to manage. One can manage machines, materials, money but if one is unable to manage the human resource project shall fail. This knowledge area in Project Management is extremely important. This knowledge area include processes that organize , manage and lead the …

Communication in Project Management

Communication plays a critical role in project management. Project Manager spends 90% of his time on communication during project life cycle. There are various touch points of communication in projects. There are various stakeholder with whom communications is taking place on a project. Each Stakeholder’s needs of communication is different. Managing communication is nothing but …

Project Cost Management

Project Cost Management Cost management is the process of estimating, allocating, and controlling the costs in a project. It allows a business to predict coming expenses in order to reduce the chances of it going over budget. Projected costs are calculated during the planning phase of a project and must be approved before work begins.   This knowledge area provides. A frame …