PMbook 4th Overview

The core of PMBOK is the description of 42 project management processes Each process belongs to a Knowledge area and process group.  

Process Groups are:  

• Initiating: define a new project (or phase). Obtain the authorization to start.
• Planning: establish the scope of the project, define the plan of approach for the project
• Executing: execute project plan ( Do the Work )
• Monitoring and Control: track project progress and check performances, identify required changes and initiate them
• Closing: close the project (or phase).

The process groups represent a sequence of managing project start from Initiating to Closing.  

Knowledge areas are : 

• Project Integration Management
• Project Scope Management
• Project Time Management
• Project Cost Management
• Project Quality Management
• Project Human Resource Management
• Project Communications Management
• Project Risk Management
• Project Procurement Management

Additional to that the PMBOK 4^th edition has a large introduction section addressing a number of topics in relation to project management:  

• Program and Portfolio management
• Project Management Office
• Operations management
• Stakeholders
• Project Lifecycle vs. Product Lifecycle
• Organization influences on Project Management (matrix, functional, projectized).

Prince 2 Overview

Prince2 is the [ Standard Method For Project Management ]. It gives a very strong focus on the Business Case as the driver of the project. It is a process based approach to project management. The Activities in processes use Techniques & Components. The good thing that Prince 2 leaves to the project manager the right to choose the Techniques depending on the project context and organization.  

The main parts of Prince 2 are:

• Processes :

• • They are made of activities with inputs and outputs. [ 8 Processes & 45 activities ]

1. Starting up a project
2. Initiating a project
3. Planning
4. Managing stage boundaries
5. Controlling a stage
6. Directing a project
7. Managing product delivery
8. Closing a project

• Components

1. Business case
2. Organization
3. Plans
4. Controls
5. Management of Risks
6. Quality in a Project Environment
7. Configuration Management
8. Change Control
9. Techniques
10. Appendices

• Techniques

1. Product-based planning
2. Change control
3. Quality reviews

High Level comprising Between PMP & Prince2

Do you Think PMBOK® and PRINCE2® are competitors ?!!  

• PRINCE2® is a practical Project management methodology.  

• PMBOK® is a comprehensive source of information about all aspects of best practice Project Management.  

• PMBOK and PRINCE2 are complimentary and can be used in conjunction for effective project management .  

  PMEA Team  

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