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Before embarking on our journey to understand the mentioned terms, let’s understand Decomposition Decomposition as a means of breaking down scope into work package or work packages into smaller activities I understand that for many of us, the project manager it doesn’t make a lot of sense to have two
Project Risk Management Future in ambiguous, future is unknown, no one controls the future. Even with the perfect plan, no one can guarantee that things will go as the team has charted out. The risk is a future uncertain event, which means that it might happen or might not. In order
Project Risk Management  (A high-level snapshot) Risks are inevitable. Whatever you do, some of the future uncertain events will happen on the project. You got to be ready to face them. Project Risk Management Knowledge Area helps you prepare for these unexpected and unplanned events. Project Risk Management Knowledge Area Processes
Project Risk Management Changes and Risks are inevitable, you can’t run from these. To be an effective project manager it is in your favour to plan for these calamities beforehand. The challenge with this planning is that both risks and changes are unknown and this is where Project Risk Management
Project Stakeholder Management (A high-level snapshot) Project management is about knowing your audience and then manage their interests and expectations. Project Stakeholder Management knowledge area helps you understanding your stakeholders so that you can win the project champions and friend amongst them. The project manager and his team job is to
Project Stakeholder Management Every project has stakeholders. The project wouldn’t be existing without stakeholders. Project Stakeholder management helps to build a bridge which is needed for better understanding of our audience. Stakeholders are individuals who either care about or have a vested interest in the project. They can be a
No organization can deliver a project in a silo, they would need to buy a product, services or a combination of both from outside to deliver the project objectives. Project Procurement Management refers to the goods and services required to complete the project. These can be procured from other parts
Project Procurement Management (A high-level snapshot) Most companies need to search for services, products or results outside the company to deliver the project. It is important that while you are doing it you have a clear understanding of what needs to be procured, who should become your partner, and what kind
Project Procurement Management Project Procurement Management is a knowledge area where you would be using all skills that you have learned in other 9 knowledge areas. The Project Procurement Management processes deal with purchasing goods or services from vendors, contractors, suppliers, and others outside the project team. When we see the
