Project Risk Management
The Project Risk Management Knowledge Area includes the processes of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project. Processes in this knowledge area interact with one another and with the processes in the other Knowledge Areas. This Knowledge Area includes the following processes:
- Plan Risk Management
- Identify Risks
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
- Plan Risk Responses
- Monitor and Control Risks
Project Procurement Management
The Project Procurement Management knowledge area includes the processes required for purchase or acquire products, services, or results needed from outside the project team. The knowledge area includes the contract management and change control processes required to develop and administer contracts or purchase orders issued. The Project Procurement Management includes the following four processes:
Project Communication Management
The Project Communication Management knowledge area ensures timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information. The processes involved in the Project Communication Management knowledge area provide effective communication that creates a bridge between diverse stakeholders involved in a project, connecting various cultural and organizational backgrounds, different levels of expertise, and various perspectives and interests in the project execution. There are the following five processes included in the Project Communication Management knowledge area:
- Identify Stakeholders
- Plan Communications
- Distirubte Information
- Manage Stakeholder Expectations
- Report Performance
Project Human Resource Management
The Project Human Resource Management knowledge area includes the following four processes to organize, manage, and lead the project team.
This knowledge area directly deals with the project team, hence, is one of the important KA.
Project Quality Management
The Project Quality Management knowledge area ensures that the project deliverables meets the specified quality standard. The quality management system is implemented through policy and procedures with continuous process improvement activities whenever and wherever required. The Project Quality Management knowledge area includes the following three processes:
Project Time Management
The Project Time Management knowledge area includes six processes that are required to manage timely completion of the project. The processes included in the Project Time Management knowledge area interact with each other and with the required processes in the other knowledge areas based on the needs of the project. The Project Time Management knowledge area includes the following six processes:
- Define Activities
- Sequence Activities
- Estimate Activity Resources
- Estimate Activity Durations
- Develop Schedule
- Control Schedule
Project Scope Management
The Project Scope Management knowledge area includes five processes that are required to complete the project successfully. The Project Scope Management knowledge area ensures that the project includes all the work required, and only the work required to complete the project. The Project Scope Management includes the following five processes:
Project Integration Management
The Project Integration Management knowledge area includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups. It integrates processes crucial to project completion, successfully managing stakeholders’ expectations, and meeting requirements of the project. The Project Integration Management knowledge area includes the following six processes:
- Develop Project Charter
- Develop Project Management Plan
- Direct and Manage Project Execution
- Monitor and Control Project Work
- Perform Integrated Change Control
- Close Project or Phase
According to the fourth edition of PMBOK, there are nine Project Management Knowledge Areas. The Project Management Knowledge Areas are groupings that bring together processes that have things in common. For example, Resource Planning, Cost Estimating, Cost Budgeting, etc., are part of the Project Cost Management knowledge group. These processes may or may not be part of different or same process groups. Guide to the PMBOK identifies forty-two processes that are arranged in nine knowledge areas. The knowledge areas are as follows:
- Project Integration Management
- Project Scope Management
- Project Time Management
- Project Cost Management
- Project Quality Management
- Project Human Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management