Project Management

Methodologies

History of

Project Management

Standards

PMP

(Project Management

Professional)

PRINCE2

(Projects in Controlled

Environment)

PMP was developed by

PMI(Project Management

Institute -USA) in 1984

and the first PMBOK was

released during this Time

PRINCE2 was launched in

1996 under the

sponsorship of UK

Govt.The copyright of

PRINCE2 is with OGC(UK)

Management

Process Groups

of PRINCE2

1 -Starting up a Project

3- Directing a Project

2-Initiating a Project

4- Controlling a Stage

5- Managing

Product Delivery

6- Managing a

Stage Boundaries

7- Closing a Project

PRINCE2 Core

Principles

1 -Continued business justification

2 - Manage by exception

3 - Learn from experience

4- Defined roles and

responsibilities

5- Manage by stages

6 -Focus on products

7 -Tailoring

Management

Process Groups

of PMP

1- Initiating.

2 -Planning.

3- Executing.

4-Monitoring

and Controlling.

5 -Closing.

PMP Knowledge

Areas

1-ProjectIntegration

Management

2.-Project Scope Management

3 -Project Time Management

4 - Project Cost Management

5-Project Quality Management

6- Project Human Resource

Management

7- Project Communications

Management

8 -Project Risk Management

9-Project Procurement

Management

10-Project Stakeholder

Management

Documents for

Project Management

Project Charter

Risk Register

Issue Log

Quality Register

Lessons Learnt Log

Daily Log

Project Schedule

WBS

Mindmaps

RCA(Ishikawa Diagram)

Organisational Structure

Change Management

Project Signoff

Critical Success

Factors

Of a Project

Well defined Scope

Budget allocation on Time

No overlapping of

Resources

Hardware avalability

SOW matching Stakeholder

expectations

Freezed SOW

Approved Project Schedule

Well designed HLD,LLD

Well designed Risk analysis Process

Phases of Project

1-Project Kickoff Meeting

2-Project Charter Signoff

3-Project SOW Signoff

4-Project Schedule Signoff

5-Project Closure

6-Project Sign Off

Risk Analysis

Quantitative

(Numerical analysis)

Qualitative

(Prioritizing Risks

based on Impact x

Probability of

Occurrence)

- Tornado Diagram

- Expected Monetary Value

Analysis(EVM)

- Decision Tree Analysis

- Monte Carlo Analysis

- Probability x Impact Matrix

Risk Techniques:

- Accept

- Avoid

- Mitigate

- Transfer

The Author Wajahat Iqbal holds the Copyright of this document(March 2016) and it can be shared/published as long as credit is given to the author.

The Source of this Information is Author experience in Project Management and Internet repositories. Any Error is regretted