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• Project Scope Management shows the distribution, storage, retrieval, and ultimate
processes involved in ensuring the project disposition of project information. Effective
includes all the work required, and only the communication creates a bridge between
work required, for completing the project diverse stakeholders, connecting various
successfully. Managing the project scope is cultural and organizational backgrounds,
primarily concerned with defining and different levels of expertise, and various
controlling what is and what is not included in perspectives and interests in the project
the project. Here the focus is on the goal or execution or outcome. Here the manager
target and the motivation to achieve the same learns to communicate effectively and
is high – a skill that is extremely critical across efficiently and to leverage tools and processes
functions and businesses today. to accomplish the same.
• Project Time Management focuses on the • Project Risk Management covers the processes
processes that are used to help ensure the related to identifying, analyzing, and
timely completion of the project. In essence controlling risks for the project. Effective
this helps build effective time management – Project Risk Management increases the
again a crucial trait in the repertoire of probability and impact of positive events, and
managerial skills. decreases the probability and impact of
negative events. The process of identifying,
• Project Cost Management covers the analyzing and mitigating risks becomes a
processes involved in planning, estimating, habit – a surefire formula for success for any
budgeting, and controlling costs so that the manager – often times it is the lack of such
project can be completed within the approved foresight that leads to the failure of initiatives,
budget. In the current economic and business
environment the ability to understand, • Pr o j e c t Pr o c u r e m e n t M a n a g e m e n t
evaluate and manage costs is an important encompasses the processes necessary to
quality – that will stand the test of time. purchase or acquire products, services, or
results needed from outside the project team.
• Project Quality Management spans the It covers contract management and change
processes and activities that determine quality control processes required to develop and
policies, objectives, and responsibilities so administer contracts or purchase orders
that the project meets its goals. It implements issued by authorized project team members. It
the quality management system through also includes administering any contract
policy and procedures with continuous issued by an outside organization (the buyer)
process improvement activities conducted that is acquiring the project from the
throughout, as appropriate. This instills an performing organization (the seller), and
understanding of quality (which is a base administering contractual obligations placed
criterion to do business in today's global on the project team by the contract.
marketplace) in your managerial cadre.
It is clear that training in project management and
• Project Human Resource Management a certified assessment of PM capabilities stands
describes the processes involved in the both the organization and the employee in good
planning, acquisition, development, and stead. It arms the employee with the project
management of the project team. An management skills and best practices required to
important management skill that hones team handle any task/project across functions in an
management including identifying team organization. For the employer a PM certified
players, assigning and managing their roles professional is an asset – given the structured
to meet common goals – irrespective of approach and 360 degree view that the
project, business or function. professional brings to the table. Rather than
becoming an investment that needs justification
• Project Communications Management PM certification becomes a necessity in the current
includes processes required to ensure timely business environment where resources and
and appropriate generation, collection, money are scarce.