Traditional project management

The concept of traditional Project management is based on predictable experience and predictable tools. Each project follows the same lifecycle, which includes five stages: initiating, planning, executing, controlling, and closing.The ultimate goal of waterfall project management was to make sure all the tasks are carried out in a predetermined orderly sequence.

A project is a temporary endeavor undertaken to produce a unique product or service.

The characteristics of projects are

• Specific start and end date
• Has a defined objective
• Series of tasks to achieve a defined outcome or objective

The temporary nature of project indicate that it have a definite start & end date. Temporary doesnt means that the project have to be short duration like months, projects can span for years duration.

Project management is the application of knowledge, skills, tools & technique to the project activities to meet the project requirement. Project management enables the organization to execute the projects effectively & efficiently.

There are 7 project integration management processes and each of these processes contributes to overall project integration management and project success.

Project management is the application of knowledge, skills, tools & technique to the project activities to meet the project requirement. Project management enables the organization to execute the projects effectively & efficiently.

Project Management Process Groups:The processes are grouped together in to five process groups. The Logical grouping of project management processes to achieve specific project objectives are called Project Management Process Groups. Below are the five process groups:

Initiating Process group: The processes part of initiating process group are performed at the time of new project or new phase of existing project.Planning Process group: The processes part of planning process groups helps in defining the plan for the project like defining scope, planning for schedule, cost, procurement, communications etc. This helps in defining the course for the project to achieve its objectives.Executing Process group: The processes in executing process group is performed to complete the defined work as per plan to satisfy the project stakeholders.Monitoring & Controlling Process group: As part of monitoring & controlling process group, the performance of project is tracked, monitored, reviewed & controlled. The variation from plan is derived & identify what changes are required to bring back the project on track.Closing Process group: The processes part of closing process group are done at the time of closing the project to close the project formally.

PMP is one of highly regarded project management certification offered by PMI ( Project management institute). PMP is is a standard & not a methodology which is applicable or can be applied in all industries like construction, IT, government etc. PMP is based on understanding the knowledge as per PMBOK. PMP covered project process groups, knowledge areas & processes.

Both PMP (Project management professional) & PRINCE2 (Projects in Controlled environment) are highly reputed in the project management field & gives you knowledge on understanding the project management concept & apply them throughout the project lifecycle. Both certifications have equal values, however you have to look in to other influencing factors to when picking the certification. If you are looking to take a decision on which certification is better, it is not that easy.

Also refer the PMP questions and answers in the : link

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