By Deasún Ó Conchúir

This booklet is for everybody who wishes a readable advent to most sensible perform venture administration, as defined by way of the PMBOK® consultant 4th variation of the venture administration Institute (PMI), “the world's prime organization for the venture administration profession.” it's really worthwhile for candidates for the PMI’s PMP® (Project administration specialist) and CAPM® (Certified affiliate of undertaking administration) examinations, that are primarily based at the PMBOK® consultant. This ebook is also studied on my own via somebody as a normal creation to venture administration. the fashion and language of this booklet have additionally been chosen to lead them to relatively compatible for readers who use English as a international language.

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Extra resources for Overview of the PMBOK® Guide: Short Cuts for PMP® Certification

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The type of relationship is different from that with people in our own organization. We have informal daily contact with colleagues and can always ask questions, discuss developments etc. When products or services are purchased from an outside organization, the interface is different. For example, exactly how the reporting is done and how often must be defined in advance. It is not a good idea to telephone several times a week to find out about progress. It depends on the organization where the limits of “our organization” are.

2 The Format of the PMBOK® Guide 19 Dividing the project into shorter, less costly phases reduces the project risks significantly. A project is an investment and the sooner it is delivered, the quicker the payback. How much this matters is particularly important in Product Development. The company which gets to the market first with a new product can charge high prices and pay back the development costs, until the competition catches up. Being late can mean lost potential income or even going out of business.

When something happens or somebody comes, it starts barking. A process always has a trigger (Inputs) and produces something (outputs). Remember that because of the iterative nature of the PMBOK® Guide description, the processes and process groups can be applied at any level, such as subproject or phase, and not just at project level and this is another difference between a process group and a phase. For example, a project to build a new airplane could have a sub-project to build the wings. 2 Overview of the Five Process Groups 25 change during the execution.

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