Business Management

Author: haroon

  • Examples of Project Stakeholders

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    Effective stakeholder identification, analysis, and engagement includes stakeholders who are internal and external to the organization, those who are supportive of the project, and those who may not be supportive or are neutral. While having relevant technical project management skills is an important aspect of successful projects, having the interpersonal and leadership skills to work…

  • Stakeholder Performance Domain

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    The following definitions are relevant to the Stakeholder Performance Domain: Stakeholder. An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio. Stakeholder Analysis. A method of systematically gathering and analyzing quantitative and qualitative information to determine whose interests…

  • Introduction

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    A project performance domain is a group of related activities that are critical for the effective delivery of project outcomes. Project performance domains are interactive, interrelated, and interdependent areas of focus that work in unison to achieve desired project outcomes. There are eight project performance domains: Together the performance domains form a unified whole. In…

  • RELATIONSHIP TO PMIstandards

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    Information in this guide is further elaborated on PMIstandards+, PMI’s digital content platform. The digital platform encompasses current and emerging practices and other useful information related to PMI’s library of standards products. It also includes practical examples of application within various contexts and industry segments. PMIstandards+ evolved in response to advances and changes in how…

  • Relationship between Project Management Principles and Project Performance Domains

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    1.3 CHANGES TO THE PMBOK® GUIDE This edition of the PMBOK® Guide focuses on delivering outcomes regardless of the approach used by the project team. However, project practitioners using the PMBOK® Guide also benefit from some level of understanding of how to deliver projects. This edition is very different from the inputs, tools/techniques, and outputs (ITTOs) from previous editions of the PMBOK® Guide. In the…

  • Introduction

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    This section describes important information about A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition. It describes the relationship of the PMBOK® Guide to The Standard for Project Management [1],1 changes to the PMBOK® Guide, the relationship to PMIstandards+™ (PMI’s digital platform for standards), and provides a brief overview of the content. 1.1 STRUCTURE OF THE PMBOK® GUIDE In addition to this Introduction, this…

  • ENABLE CHANGE TO ACHIEVE THE ENVISIONED FUTURE STATE

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    Figure 3-13. Enable Change to Achieve the Envisioned Future State Remaining relevant in today’s business environment is a fundamental challenge for all organizations. Relevance entails being responsive to stakeholder needs and desires. This requires continually evaluating offerings for the benefit of stakeholders, rapidly responding to changes, and acting as agents for change. Project managers are…

  • EMBRACE ADAPTABILITY AND RESILIENCY

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    Figure 3-12. Embrace Adaptability and Resiliency Most projects encounter challenges or obstacles at some stage. The combined attributes of adaptability and resiliency in the project team’s approach to a project help the project accommodate impacts and thrive. Adaptability refers to the ability to respond to changing conditions. Resiliency consists of two complementary traits: the ability to absorb impacts and…

  • OPTIMIZE RISK RESPONSES

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    A risk is an uncertain event or condition that, if it occurs, can have a positive or negative effect on one or more objectives. Identified risks may or may not materialize in a project. Project teams endeavor to identify and evaluate known and emergent risks, both internal and external to the project, throughout the life cycle. Project…

  • NAVIGATE COMPLEXITY

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    A project is a system of elements that interact with each other. Complexity is a characteristic of a project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity. The nature and number of the interactions determine the degree of complexity in a project. Complexity emerges from project elements,…