Project Management Body of Knowledge (PMBOK)
From Wikipedia: The PMBOK Guide is intended to be a "subset of the project management body of knowledge that is generally recognized as a good practice. The 6th Edition of the PMBOK Guide now includes an "Agile Practice Guide"
FIVE Process Groups
The PMBOK Guide is process-based, meaning it describes work as being accomplished by processes. This approach is consistent with other management standards such as ISO 9000 and the Software Engineering Institute's CMMI. Processes overlap and interact throughout a project or its various phases.
The PMBOK as described in the Guide recognizes 49 processes that fall into five basic process groups and ten knowledge areas that are typical of most projects, most of the time.
Initiating: processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Planning: Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve.
Executing: Those processes performed to complete the work defined in the project management plan to satisfy the project specifications
Monitoring and Controlling: Those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes.
Closing: Those processes performed to finalize all activities across all Process Groups to formally close the project or phase
TEN Knowledge areas
Project Integration Management : 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.
Project Scope management : the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.
Project Schedule Management : the processes required to manage the timely completion of the project. Until the 6th edition of the PMBOK Guide this was called "Project Time Management"
Project Cost Management : the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.
Project Quality Management : the processes and 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.
Project Resource Management : the processes that organize, manage, and lead the project team. Until the 6th edition of the PMBOK Guide this was called "Project Human Resource Management"
Project Communications Management : the processes that are required to ensure timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring, and the ultimate disposition of project information.
Project Risk Management : the processes of conducting risk management planning, identification, analysis, response planning, and controlling risk on a project.
Project Procurement Management : the processes necessary to purchase or acquire products, services, or results needed from outside the project team. Processes in this area include Procurement Planning, Solicitation Planning, Solicitation, Source Selection, Contract Administration, and Contract Closeout.
Project Stakeholder Management : the processes required to identify all people or organizations impacted by the project, analyzing stakeholder expectations and impact on the project, and developing appropriate management strategies for effectively engaging stakeholders in project decisions and execution.
Each of the ten knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve effective project management. Each of these processes also falls into one of the five process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group.
PMBOK vs Plan2Exec Systems
From Wikipedia: Organizations need to effectively manage the acquisition, development, and evolution (ADE) of software-intensive systems. Success in software engineering management practices helps organizations predict and control quality, schedule, cost, cycle time, and productivity.
In line with PMBOK good practices Plan2Exec Project Management System is developed by 6D Proptech Pte Ltd. Since 2006, The company has made extensive efforts and investments to develop comprehensive software-intensive systems as defined by Software Engineering Institute.
Plan2Exec systems are mapped to each of the five basic process groups as below.
Initiating: Definition of new project or new phase of existing project are performed in two sub-groups. First sub-group being Conceptual Designs: This can be broadly achieved by 6D design tools, applications and systems such as Rebar, Terrain, Slope, Cut-fill in combination with 3rd party design specific solutions to determine project feasibility benefits and fitment. The second sub-group being Socio-Economic Authorizations: This involves several governmental and social approvals, impacts and clearances which can not be managed using software-intensive systems. Therefore no specific software systems are developed by 6D on this process group.
Planning: To establish scope of a project, refine the objectives, and define the course of action required to attain the objectives, several tools were developed by 6D Proptech such as Easy BIM, 6D Budget, Bid Management, Master Schedule, WBS vs Resources day-to-day Schedule and Procurement modules.
Executing: Several comprehensive processes and systems such as Quality, Human Resource, Equipment and Subcontract Management systems are developed and successfully implemented in few construction companies.
Monitoring and Controlling: Processes as defined in PMBOK to track. review and regulate progress and performance of a project with change management and documentation are part of the 6D systems.