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Pmp guide 1 Introduction A Guide to the Project Management Body of Knowledge PMBOK Guide is a recognized standard for the project management profession A standard is formal document that describes established norms methods processes and practices As with

Introduction A Guide to the Project Management Body of Knowledge PMBOK Guide is a recognized standard for the project management profession A standard is formal document that describes established norms methods processes and practices As with other professions such as law medicine and accounting the knowledge contained in this standard evolved from the recognized good practices of project management practitioners who contributed to the development of this standard The ?rst two chapters of the PMBOK Guide provide an introduction to key concepts in the project management ?eld Chapter is the standard for project management As such it summarizes the processes inputs and outputs that are considered good practices on most projects most of time Chapters through are the guide to the project management body of knowledge They expand on the information in the standard by describing the inputs and outputs as well as tools and techniques used in managing projects The PMBOK Guide provides guidelines for managing individual projects It de ?nes project management and related concepts and describes the project management life cycle and related processes Purpose The increasing acceptance of project management indicates that the application of appropriate knowledge processes skills tools and techniques can have a signi ?cant impact on project success The PMBOK Guide identi ?es that subset of the Project Management Body of Knowledge that is generally recognized as good practice ??Generally recognized ? means that the knowledge and practices described are applicable to most projects most of the time and that there is widespread consensus about their value and usefulness ??Good practice ? means that there is general agreement that the correct application of these skills tools and techniques can enhance the chances of success over a wide range of di ?erent projects Good practice does not mean that the knowledge described should always be applied uniformly on all projects the organization and or project management team is responsible for determining what is appropriate for any given project What is a project A project is a temporary endeavour undertaken to create a unique product service or result CThe temporary nature of projects indicates a de ?nite beginning and end The end is reached when the project ? s objectives have been achieved or when the project is terminated because its objectives will not or cannot be met or when the need for the project no longer exists Temporary does not necessarily mean short in duration Temporary does not generally apply to the product service or result created by the project most projects are undertaken to create a lasing outcome For example a projects to build a national monument will create a result expected to last centuries Projects can also have social economic and environmental impacts that far outlast the projects themselves Every project creates a unique product service or result Although repetitive elements may be present in some project deliverables this repetition does not change the fundamental uniqueness of the project work For example o ?ce buildings are constracted with the same or similar