To complete a project successfully, a project manager needs to determine and implement an appropriate combination of processes from the ten Project Management Knowledge Areas described by the PMBOK® Guide, 6th Edition.
A Knowledge Area is an identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques.
After Project Integration, Scope, Schedule, Cost, Quality, and Resource Management, this last article will conclude the three-part series “Project Management Knowledge Areas 101” with Project Communications, Risk, Procurement, and Stakeholder Management.
Read on!
Communications, Risk, Procurement, and Stakeholder Knowledge Areas of Project Management
by Project Management Process Groups
Integration, Scope, Schedule, Cost, Quality, Resource, Communications, Risk, Procurement, and Stakeholder: these are the ten Project Management Knowledge Areas that the PMBOK® Guide includes in its 6th edition.
Below an outline of the processes included in Project Communications, Risk, Procurement, and Stakeholder Management, to assist you during the Project Management Professional (PMP)® certification exam preparation.
7. Project Communications Management
Ensuring timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring, and ultimate disposition of project information.
Processes
- Plan Communications Management (Planning Process Group)
- Manage Communications (Executing Process Group)
- Monitor Communications (Monitoring and Controlling Process Group).
8. Project Risk Management
Conducting risk management planning, identification, analysis, response planning, response implementation, and monitoring risk on a project.
Processes
- Plan Risk Management (Planning Process Group)
- Identify Risks (Planning Process Group)
- Perform Qualitative Risk Analysis (Planning Process Group)
- Perform Quantitative Risk Analysis (Planning Process Group)
- Plan Risk Responses (Planning Process Group)
- Implement Risk Responses (Executing Process Group)
- Monitor Risks (Monitoring and Controlling Process Group).
9. Project Procurement Management
Purchasing or acquiring products, services, or results needed from outside the project team.
Processes
- Plan Procurement Management (Planning Process Group)
- Conduct Procurements (Executing Process Group)
- Control Procurements (Monitoring and Controlling Process Group).
10. Project Stakeholder Management
Identifying the people, groups, or organizations that could impact or be impacted by the project, analyzing stakeholder expectations and their impact on the project, and developing appropriate management strategies for effectively engaging stakeholders in project decisions and execution.
Processes
- Identify Stakeholders (Initiating Process Group)
- Plan Stakeholder Engagement (Planning Process Group)
- Manage Stakeholder Engagement (Executing Process Group)
- Monitor Stakeholder Engagement (Monitoring and Controlling Process Group).