Project Integration

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.

PRINCE2 is managed by APMG & is based on process which drive the project management. PRINCE2 is a methodology with a detailed process model & templates. PRINCE2 tells the step by step information on how to run a project & more practical. PRINCE2 focuses on the business benefits from projects in different phases to asses whether the project is giving value to organization & customer. The roles & responsibilities of each member of team is well defined. PRINCE2 have Process, principles, themes & deliverables.

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.

The project integration management processes are :Develop project charterDevelop project management planDirect and manage project workManage project knowledgeMonitor and control project workPerform integrated change controlClose project or phaseThere are 7 project integration management processes and each of these processes contributes to overall project integration management and project success.A project is a temporary endeavor undertaken to produce a unique product or service.

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.

The core component of project management are

• Business case for why a project is necessary
• Capturing project requirements, specifying quality of the deliverable, estimating resources and timescales
• Developing and implementing a management plan for the project
• Leading and motivating the project delivery team
• Managing the risks, issues and changes on the project
• Monitoring Project progress against plan
• Managing the project budget
• Maintaining communications with stakeholders and the project organisation
• Procurement management
• closing the project in a controlled fashion when appropriate.

Poorly managed project with out project management will fail & result in

1. Missed deliverables
2. High cost
3. Poor quality
4. Rework
5. Lost of reputation for organization
6. Unsatisfied stakeholders

A Project Charter is a document that describes the purpose of a project and its scope, it legally authorizes the beginning of the project.It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager. It serves as a reference of authority for the future of the project.

A project charter includes:

• The essence of the project.
• Provide a shared understanding of the project.
• Act as a legal agreement between the project sponsor, key stakeholders and the project team to start the project.

The project charter is to documents:

• Reasons for undertaking the project
• Objectives and constraints of the project
• Directions concerning the solution
• Identifies the main stakeholders
• In-scope and out-of-scope items
• High level Risks identified
• Target project benefits
• High level budget and spending authority

The project charter is a document that officially starts a project or a phase. It formally authorizes the existence of the project and provides a reference source for the future.It explain the business need that lead to the project being taken up.The project charter is signed by the sponsor.

Many people do not understand the importance of a Project Charter. They believe that Project Charter does not serve any specific purpose.They do not realize Project Charter and Contract serve different purposes. They believe when contract is available project charter is not needed.

The project charter includes fundamental information used to authorize and establish the basis for a project.

Reference: Project Integration Management

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