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Update Project Management.md

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Peter Wang 2019-11-18 17:10:55 +00:00
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Project Management.md
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@ -11,7 +11,7 @@ $`*`$ Apply it to a real project
### What is Project Management? <br/>
$`*`$ According to PMBOK, project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements <br/>
$`*`$ Project management is accomplished through the application of several project management processes <br/>
$`---->`$ Initiating <br/>
$`*`$ Initiating <br/>
$`*`$ Planning <br/>
$`*`$ Executing <br/>
$`*`$ Monitoring <br/>
@ -44,6 +44,12 @@ $`*`$ Project charter including `costs, tasks, deliverables and schedule` <br/>
**Planning and Design:** <br/>
Plan the time, cost and resources adequately to estimat teh work needd. Effectively manage risk during project execution. Failure to adequately plan greatly reduces the project's chance of successfully accomplishing its goals. This section also consists of: <br/>
$`*`$ `Determining how to plan`
$`*`$ Developing `scope statement`
$`*`$ Selecting `planning team`
$`*`$ `Determining how to plan` <br/>
$`*`$ Developing `scope statement` <br/>
$`*`$ Selecting `planning team`
`Identifying the deliverables` and `creating the work breakdown structure`, identifying the activies needed to complete those deliverables and netwokring the activies in their logical sequence. `Estimating the resource requirements, time and cost, budget, developing the schedule, risk planning and gaining formal approval`.
**Executing:** <br/>
Executing portion consists of the processes used to `complete the work defined in the project management plan` to accomplish the project's requirements. It also involves `coordinating people and resources`. `Deliverables are produced` as outputs from the processes performed as defined in the project management plan.