What is a Value Delivery System?The value delivery system is a new concept introduced in the standards section of the PMBOK 7 along with project delivery principles. The value delivery system includes portfolio and program management that bring value-increasing efforts to a broader perspective than the project axis.&nb...
Enterprise Environmental Factors
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A project is carried out with care, using special facilities and resources, between the beginning and end. Whatever we...
Organizational Process Assets
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Organizational process assets are a general expression of internal rules, assets, procedures, and sources of information...
Stakeholder Performance Domain (Stakeholder Management Knowledge Area in PMBOK 6)
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The stakeholder management performance domain in PMBOK 7 consists of all endeavors to identify people and organizations...
Determine Budget Process
Every output that is planned to be produced incurs a cost. Therefore, all projects need a budget allotted according to time intervals. The project budget is the aggregated amount of allocated money for the project in order to meet the objectives for a set duration.
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Project Quality Management Plan
A quality management plan is a document that contains the requirements, Quality Standards, quality criteria that a project or product has in terms of quality and describes how the project can achieve quality requirements. It is a subsidiary document of the project management plan. Project quality management plan can be used in the following performance domains;Planning Performance DomainDelivery Performance...
Procurement Management Knowledge Area
In the procurement management knowledge area, we cover all aspects of obtaining the necessary goods and services for a project. This includes developing procurement strategies, issuing tenders and requests for proposals (RFPs), and selecting suppliers. We also look at contract negotiations and management, as well as supplier quality assurance.When defining the scope of a project, it's important to...
Risk Management Knowledge Area in Project Management
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One key area of project management is risk management. This involves analyzing, planning, and creating responses for various...
Communications Management Knowledge Area in PMBOK 6
PMBOK 7 has been introduced to the business world and professionals. However, the knowledge areas in PMBOK 6 are still very informative. Project communication management is the knowledge area in which the project itself, the processes, and, of course, the communication needs of stakeholders are revealed. In this context, it can be recognized as a knowledge area where formats and methods that can be...
Control Costs Process
Project managers must always remember that, one of the main reasons why projects are failing, is that the costs are spiraling out of control. To this end, there are ongoing measures, checks, and controls to keep the costs in che...
Estimate Activity Resources
In the process of defining activities, we determined which activities to perform throughout the project. Of course, the realization of these activities requires the use of a number of resources. These resources can be human resources or physical resourc...
Estimate Costs Process
Cost estimating is one of the most integral components of project management. In order to create a reliable project budget, we must have an understanding of the individual costs of project activities. Even though we may not always have a definite number for these expenses, there are tools that we can use to arrive at close estimatio...
Develop Schedule Process
A project schedule typically depicts the planned dates, durations, milestones, and resource availability and usage. While doing this the relationship with project activities is shown explicitly. The schedule can help identify the critical path, which is the longest path through the project, and determines the shortest amount of time in which the project can be complet...
Risk Management Plan in Project Management
Like all other knowledge areas, risk management has a plan that needs to be dealt with in great detail. In PMBOK 7 this process is related to uncertainty performance domain and planning performance domain. Risk management plan is categorized as a project artifact.Developing a Risk Management Plan enables stakeholders, the project team, risk owners, and even senior management...
Estimate Activity Durations Process
The project manager must constantly be at war with time in the projects he manages or directs. But this war should not tire him or harm his purpose, thanks to the tools he uses. One of the methods that will make the project manager's job easier is to divide the work and assign a time for each divided part. Thus, when all the pieces are put together, you will be able to have an idea, although not an...
Schedule Management Plan in Project Management
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The process of creating a schedule management plan influences the success of the project from many aspects. As always,...
Sequence Activities
In PMBOK 7 the sequence activities are still an integral part of projects planned with a predictive approach. In order to develop a project schedule, the second step is defined as sequencing activities that are decomposed by using the project scope.In the process of defining the activities, we determined the project activities by taking into account the rolling wave planning. The process...