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Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics.
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]
work breakdown structure, A work breakdown structure (WBS), in project management is a deliverable oriented decomposition of a project into smaller components. A Gantt chart is a type of bar chart, that illustrates a project schedule. Design structure matrix is a simple, compact and visual representation of a system or project in the form of a ...
A Guide to the Project Management Body of Knowledge — Sixth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle. [9] and for the first time it includes an "Agile Practice ...
Tailor to suit the project: PRINCE2 is tailored to suit the project environment, size, complexity, importance, time capability and risk. Tailoring is the first activity in the process initiating a project and reviewed for each stage. Not every aspect of PRINCE2 will be applicable to every project, thus every process has a note on scalability.
In civil engineering and project management, process management is the management of "systematic series of activities directed towards causing an end result such that one or more inputs will be acted upon to create one or more outputs". [1] Process management offers project organizations a means of applying the same quality improvement and ...
For example, the domain called Project, contains only one process, called Project Management, while the Benefits domain contains a Program Management process and a Portfolio Management process. Each Macroscope domain is also based on a set of fundamental principles, which help understanding, adapting and using the process.
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.
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