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We offer services of certified Project Management Professionals who have an extensive, enterprise level, hands-on Information Technology and Financial Markets experience. We utilize recognized best practices combined with real-world, enterprise-level experience based in PMI principles and recommendations. Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project management is accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring and controlling and closing. Project Management Knowledge Areas organizes 44 project management processes into 9 project Knowledge Areas:
Process Groups:
Project Integration Management: 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. Includes the following: -
Develop Project Charter
- Develop Preliminary Project Scope Statement - Develop Project Management Plan - Direct & Manage Project Execution - Monitor & Control Project Work - Integrated Change Control - Close Project Project Scope Management: primarily concerned with defining and controlling what is and is not included in the project. Includes the following processes: -
Scope Planning
- Scope Definition - Create WBS - Scope Verification - formalizing acceptance of the completed project deliverables) - Scope Control (controlling changes to the project scope) Project Time Management: Includes the following processes to accomplish timely completion of the project: -
Activity Definition
- Activity Sequencing - Activity Resource Estimating - Activity Duration Estimating - Schedule Development - Schedule Control Project Cost Management: includes the processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. -
Cost Estimating -
developing an approximation of the costs of the resources needed to
complete project activities
- Cost Budgeting - aggregating the estimated costs of individual activities or work packages to establish a cost baseline - Cost Control - influencing the factors that create cost variances and controlling changes to the project budget Project Quality Management: include all the activities of the performing organization that determine quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken. Processes include the following: Quality Planning - identifying which quality standards are relevant to the project and determining how to satisfy them Perform Quality Assurance - applying the planned, systematic quality activities to ensure that the project employs all processes needed to meet requirements. Perform Quality Control - monitoring specific project results to determine whether they comply with relevant quality standards and identifying ways to eliminate causes of unsatisfactory performance Project Human Resources Management: employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information. Processes include the following: -
Communications Planning -
determining the information and communications needs of the project
stakeholders.
- Information Distribution - making needed information available to project stakeholders in timely manner - Performance Reporting - Manage Stakeholders Project Communications Management: include the processes that organize and manage the project team. Project Risk Management: includes the processes concerned with conducting risk management planning, identification, analysis, responses, and monitoring and control on a project. The objectives of Project Risk Management are to increase the probability and impact of events adverse to the project. Project Risk Management processes include the following: -
Risk Management Planning -
deciding how to approach, plan and execute the risk management
activities
- Risk Identification - determining which risk might affect the project and documenting their characteristics - Qualitative Risk Analysis - prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurence and impact. - Quantitative Risk Analysis - numerically analyzing the affect on overall project objectives of identified risk - Risk Response Planning - developing options and actions to enhance opportunities, and reduce threats to project objectives - Risk Monitoring and Control - tracking identified risk, monitoring residual risk, identifying new risk, executing risk response plan, and evaluating their effectiveness throughout the project life cycle. Triple Constraint: Scope, Time and Cost |