WBS Dictionary A WBS Dictionary is an element of the Work Breakdown Structure (WBS) that gives detailed information about each project task. It forms an important part of project scope management along with the project scope statement and work breakdown structure. The three components combine to give the project scope baseline for the projects, without
A project manager oversees that the project is conducted successfully from the planning stage to the completion stage without any problems. This includes making sure that the project scope is according to the requirements of the stakeholders. Also, the project delivered is within the estimated time and does not exceed the budget. However, if the
Over the years project management has constantly evolved. This has enabled project management professionals to apply the latest techniques while handling projects. The seventh edition of A Guide to the Project Management Body of Knowledge (PMBOK) is instilled with new areas of knowledge. Project Management Principles element specified in PMBOK 7th edition covers 12 principles.
Introduction: With advancements in technology, change is inevitable. Organizations constantly strive to adapt and sustain in the market. This necessitates businesses to implement change management and implement change management models. In the past era, the main priority of a business was stability. Organizations that don’t bring change can hardly survive in the industry for longer
Introduction: Managing complex projects can be quite chaotic if a systematic procedure is not followed. Bigger projects need a robust plan in action to avoid such issues. This necessitated the need for project charters in large enterprises. This document assists all stakeholders to understand the purpose of the project and its scope. Project charters are
Introduction Critical Path Analysis (CPA) is one of the scheduling techniques which is used in project management. This technique helps to draw a network diagram, symbolizing the sequence of tasks required to complete a project. Project managers make use of CPA to establish timelines on the Gantt Chart. Furthermore, this scheduling technique helps to allocate
Introduction to Scope Management Plan: Without scope management, organizations face the risk of scope creep which may lead to project delay or project failure. When the scope of a project is not adequately defined by project management professionals, project-related tasks cannot be handled at ease. As a result, it is necessary to have a proper
Business organizations around the world are constantly changing and rearranging their processes to meet the demands of the dynamic economy. The need of fixing and expanding their business processes to match the business objective is a continuous procedure. Gap analysis helps businesses in this aspect. With the help of gap analysis, businesses can get a
PMBOK Guide The Project Management Body Of Knowledge (PMBOK) is a guide released by the Project Management Institute (PMI). The Guide assists aspirants of PMP certification with their preparation. Launch of the first PMBOK Guide was in 1994. Radical changes in project management led to the print of different PMBOK Guide versions. The 7th edition
Why PMP? Know its eligibility criteria Earning a PMP Certification is the highest credential an individual can receive in the field of project management. This credential is one of the esteemed certifications offered by the Project Management Institute (PMI). As a result, PMI has set a high entry barrier for individuals pursuing the certification. There
