Project Management Area

Scope management: Managing the scope of a project, which refers to the tasks, deliverables and milestones that should be delivered.

Schedule management: Creating a project schedule and setting guidelines for how it’ll be tracked and maintained.

Cost management: Estimating project costs to create a budget which is then tracked throughout the project.

Quality management: Ensuring project deliverables meet quality standards.

Resource management: Acquiring, allocating and tracking project resources like labor, materials and equipment.

Communication management: Defining communication guidelines for project teams and stakeholders.

Risk management: Identifying, evaluating and preventing or mitigating risks in your project.

Procurement Management: Acquiring project resources and maintaining relationships with vendors and suppliers.

Stakeholder management: Identifying project stakeholders, and managing them based on their expectations and influence over projects.

Integration management: Creating a framework that helps project teams work better together.

Project Management Process

1. Project Initiation

Starting phase where the project manager must prove that the project has value and is feasible
Assemble a project team. The project initiation phase ends with a kickoff meeting, which is when project goals and scope are defined.

2. Project Planning

The goal of the project planning phase is the creation of the project plan, a comprehensive project document that explains in detail how the project will be executed.
Most important sections of a project plan.
Project schedule: The project schedule defines a timeline for the execution of tasks and resource allocation.
Project budget: A project budget is the sum of all the estimated project costs.
Scope management plan: Explains how your project scope will be tracked throughout the project.
Risk management plan: Explains the risks that might affect the project, along with strategies to mitigate them.
Resource management plan: Describes how your resources will be obtained, allocated and managed during the project.
Stakeholder management plan: Identifies all project stakeholders and the guidelines to manage them.

3. Project Execution

This project management phase is project execution, which is when the project plan is executed to meet the project goals and objectives.
The project execution phase is when project managers need to oversee the project management knowledge areas as their project progresses toward the monitoring and control phase.
In case of needs the project manager will reallocate resources or adjust time and scope as needed to keep the team working. In addition, they’ll identify and mitigate risks, deal with problems and incorporate any changes.

4. Project Monitoring and Control

The fourth project management phase, project monitoring and control with the execution phase of the project. It involves monitoring to ensure the project stays on schedule and within budget.
Reporting is also a critical part of this project management phase. It allows project managers to track progress, and provides data for stakeholders during presentations to keep them in the loop.

5. Project Closure

Project management closure phase is to presented to the stakeholders. Once approved, documentation is completed and everything is signed off on.