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You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. The project schedule tells you when each of the project activities need to start and finish. Schedule management includes the creation of the project schedule, ensuring the project team follows the schedule, and managing changes to it. Every project manager has a budget to adhere to. Cost management involves estimating project activity costs, creating the project budget, tracking project expenditures, and keeping overruns to a minimum.

Quality refers to how closely the project deliverables adheres to the stakeholders' requirements. Quality management includes the processes for creating, managing, and executing quality policies. The goal of this knowledge area is to ensure high quality on the project. Resource refers to the people and materials that you will need to complete the project. Resource management includes the processes to identify the types of resources needed, going out and acquiring the required resources, and managing them throughout the project lifecycle.

Project team members communicate with each other to ordinate on project tasks and discuss project strategies. Communications management includes the processes that ensures the planning, distribution, storage and management of project information is done properly.

Risk is an uncertain event that may or may not happen in the future. A risk can be positive or negative. Risk management includes the processes of identifying and analyzing new risks as well as planning and implementing risk responses. When a project team cannot produce something in-house, they have to obtain a third-party vendor to do it for them. The processes required to obtain and manage the vendors are called Procurement Management.

A stakeholder is anyone who has an interest or stake in your project. Stakeholder management includes the processes required to identify your project stakeholders, analyze their power and impact, and develop appropriate strategies to manage them effectively. The project management process groups are a logical grouping of project management processes to achieve specific project objectives.

Process groups are independent of project phases. Each process has a corresponding knowledge area and process group. Agile originated from the software industry in the early s, and now it is being implemented in a variety of different industries such as education, manufacturing and healthcare.

Agile offers organizations a competitive advantage by being flexible and able to respond to changes quickly. Agile is an umbrella term comprising of a number of different approaches e. The Agile Practice Guide provides an understanding of various agile approaches along with the tools needed to implement them.

Increasingly, it's become vital for project managers who are used to working in the traditional environment to learn and understand agile, especially those who want to work in the IT industry.

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