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PM² (pronounced “P-M squared”) is a project management methodology developed and endorsed by the European Commission (EC). [1] [2] It is the official project management methodology of the EC, incorporating elements from a range of widely accepted best practices in project management and building heavily on PMBOK, PRINCE2, IPMA-ICB, CMMI, TEMPO, and operational experience from EU institutions.
Project management is the process of supervising the work of a team to achieve all project goals within the given constraints. [1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time and budget. [2]
The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management.The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
Without project management, teams are left without proper briefs or a defined project management methodology. Projects and initiatives lack focus, have vague objectives, and leave the team unsure ...
Roles in PRINCE2 are structured in four levels (corporate or programme management, project board, project manager level and team level). Project Management Team contains the last three, where all primary stakeholders (business, user, supplier) need to be presented. Manage by stages: The project is planned and controlled on a stage by stage ...
Project management then is a structured process about converting a vision into reality and the major emphasis was on developing and defining processes in order to meet project objectives. [4] Research has demonstrated that organizational effectiveness is a direct function of the decision-making criteria and goal-centered activities embedded in ...
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