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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.
PMBOK refers to five process groups of project management (also known as the project life cycle): initiating, planning, executing, monitoring and controlling, and closing.
In business and project management, a responsibility assignment matrix [1] (RAM), also known as RACI matrix [2] (/ ˈ r eɪ s i /; responsible, accountable, consulted, and informed) [3] [4] or linear responsibility chart [5] (LRC), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
The PMBOK also emphasizes the interaction and interdependence between different process groups. For example, the outputs from one process may be used by one or more other processes as inputs. Announced in June 2019, the PMP Examination Content Outline [ 9 ] will undergo significant re-categorization, effective January 2021, which prescribe ...
Both organizations use the concept of process as an integral part of project management. ISO and PMI segregate project processes into five process groups with some minor variances in labeling. [8] The differences between the two standards is minimal with respect to process groups and subjects/knowledge areas. [7]
Project management office –: The Project management office in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects.
Project close: Finalize all activities across all of the process groups to formally close the project or a project phase Also included in this phase is the post implementation review. This is a vital phase of the project for the project team to learn from experiences and apply to future projects.
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