QUESTION 1 Project Management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed the stakeholder’s needs and expectations from a project....

Running Header: PROJECT MANAGEMENT ASSIGNMENT 1
Project Management Assignment
Project Management Assignment 2
Project Management Assignment
1. Challenges Faced by Project Manager & PMBOK’s 10 Knowledge Areas
1.1. PMBOK’s 10 Knowledge Areas – Introduction & Background
The widely refe
ed Project Management Body of Knowledge (“PMBOK”) in the
project management domain refers to set of standardized terminologies as well as
guidelines comprising body of comprehensive knowledge concerning project
management framework (Meredith et al, 2013; Gido & Clements, 2014; Project
Management Institute, 2013).
The ten different knowledge areas and each of them containing some or else all of
processes concerning project management, are listed as follows,
i. Project Integration Management: The range of activities as well as processes that
are required for identifying, defining, combining, unifying, as well as coordinating
the varied set of processes as well as activities of project management in the
context of process groups relating to the project management (Meredith et al,
2013; Gido & Clements, 2014; Project Management Institute, 2013).
ii. Project Scope Management: The varied set of processes that become essential for
the purposes of making sure that specific project shall comprise all of the work
which shall be required as well as solely the specific set of work that are required,
for completing the specific project in a successful and effective manner (Meredith
et al, 2013; Gido & Clements, 2014; Project Management Institute, 2013).
iii. Project Time Management: The various set of processes that are required for
managing the overall completion of specific project in a timely manner (Meredith
et al, 2013; Gido & Clements, 2014; Project Management Institute, 2013).
iv. Project Cost Management: The varied set of processes which are involved with
espect to planning, estimation, budgeting, funding, financing, management, and
overall controlling of the costs such that a specific project under manager could be
guided to closure by not exceeding the budget that has been approved (Meredith et
al, 2013; Gido & Clements, 2014; Project Management Institute, 2013).
v. Project Quality Management: The various set of processes as well as activities
concerning the specific performing organization which shall determine the
policies of quality management, affiliated objectives, as well as responsibilities
such that a specific project under management shall suitably satisfy the overall
Project Management Assignment 3
needs towards which the same has been effectively undertaken (Meredith et al,
2013; Gido & Clements, 2014; Project Management Institute, 2013).
vi. Project Human Resources Management: The varied set of processes which shall
aid in the organization, management, as well as leading of the relevant project
team (Meredith et al, 2013; Gido & Clements, 2014; Project Management
Institute, 2013).
vii. Project Communication Management: The varied set of processes which shall aid
in making sure appropriate as well as timely form of planning, collation,
establishment, distribution, storing, retrieval, control as well as monitoring, and,
management concerning the ultimate dispositions of the overall project related
information (Meredith et al, 2013; Gido & Clements, 2014; Project Management
Institute, 2013).
viii. Project Risk Management: The varied set of processes for undertaking planning of
the risk management, identification, assessment / evaluations, planning of the
esponses, as well as controlling the risks in the context of the project (Meredith et
al, 2013; Gido & Clements, 2014; Project Management Institute, 2013).
ix. Project Procurement Management: The overall set of processes that are essential
for the purchasing as well as acquisition of the services / products, or else the
esults required from that of the outside to the project team involved. The
processes within this specific domain shall comprise the planning of procurement,
planning of solicitation, solicitation, selection of sources, administration of the
contracts, as well as the contract close outs (Meredith et al, 2013; Gido &
Clements, 2014; Project Management Institute, 2013).
x. Project Stakeholders Management: The...