Project Management Body Of Knowledge - 1397 Words

Introduction The abbreviation PMBOK denotes to the Project Management Body of Knowledge. The PMBOK is a developing frame of information for the arena of project management. PMBOK is positioned on the Project Manager and the PMP Exam is an effort to measure the knowledge of a Project Manager. Which differs from a methodology. Nevertheless, the significance of PMBOK to the occupation of Project Management cannot be simple, as the knowledge enclosed within it can be leveraged by any formal methodology. Therefore, it should be seen as complimentary to any project management method. Waterfall, and Agile are project management methodologies, each with dissimilar themes, philosophies, and procedures. A project management approach is a†¦show more content†¦This means that as each of the individual eight stages (conception, initiation, analysis, design, construction, testing, implementation, and maintenance) are accomplished, the designers move on to the next step. Being that this is sequential p rocesses, when a step has ended, creators cannot go back to an earlier step, that is, not short of scrapping the entire project and starting from the beginning. There’s no room for modification or inaccuracy, so a project outcome and a wide-ranging plan must be fixed in the creation and then followed cautiously. The waterfall methodology stresses thorough record keeping. Having such records will provide the project managers the capability to improve upon the existing program in the future. The client knows what to expect when the waterfall methodology is used. . They’ll have knowledge of the scope, price, and timeline for the project. They will also have a definite indication of what their program will do in the end Explain agile methodologies and identify their relationship to the PMBOK ® process groups. Agile product management happens when all facets of the progress, including requirements, design and prototypes, are continually scrutinized on a cyclical and incremental basis. Observing the projects on an incremental basis allows the project to be adjusted, and the capability to move in another direction to accommodate shifting situations. This is in contrast to a more customary