Tuesday, March 27, 2012

PMI-PMP Preparation || What exactly is 'PROJECT MANAGEMENT'

As per PMBOK 'Project Management' is the application of knowledge, Skills, Tools and techniques of project to meet Project requirements.

Few basic things to remember about Project Management - 

- Identifying Requirements
- Establishing Objectives
- Balancing Scope
- Timing and Cost
- Adapting the plans to different concerns of STAKEHOLDERs.

Project Management is actually accomplished through application and integration of various PM processes. These processes include - INITIATION, PLANNING, EXECUTION, MONITORING & CONTROL and CLOSING

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