What are the PMI methodologies?

According to the Project Management Institute (PMI), a methodology is defined as ‘a system of practices, techniques, procedures, and rules used by those who work in a discipline. Lean practices, Kanban, and Six Sigma are project management methodologies examples.

What are the five processes used in the PMI methodology?

The PMBOK® Guide organizes the Project Management Processes in five groups: initiating processes, planning processes, executing processes, controlling processes and closing processes.

What is a parking lot in project management?

‘Parking lot’ is a project management technique used to keep a team meeting on track. If a group conversation is in danger of veering off-topic, you could put that particular topic in the hypothetical parking lot. That way, you are ‘parking’ it for later so your team can focus on the more pressing issues.

What are the 4 constraints of project management?

Managing the Project Constraints Every project has to manage four basic constraints: scope, schedule, budget and quality. The success of a project depends on the skills and knowledge of the project manager to take into consideration all these constraints and develop the plans and processes to keep them in balance.

What are waterfall methodologies?

The waterfall methodology is a project management approach that emphasizes a linear progression from beginning to end of a project. This methodology, often used by engineers, is front-loaded to rely on careful planning, detailed documentation, and consecutive execution.

Which approach is currently recommended by PMI?

Noun-type approaches define the deliverable of the project work in terms of the components (physical or functional) that make up the deliverable. This is the approach currently recommended by PMI.

What are the 10 PMI knowledge areas?

What are the project management knowledge areas?

• Project integration management.
• Project scope management.
• Project time management.
• Project cost management.
• Project quality management.
• Project resource management.
• Project communications management.
• Project risk management.

How are parking lots used in meetings?

As subjects come up that don’t relate directly to the topic under discussion, they are added to the group’s parking lot. The parking lot should be reviewed as part of closing the meeting. For each item on the parking lot, the leader checks whether the topic still needs to be discussed. If not, the item is removed.

What are the 3 constraints of project management?

The three primary constraints that project managers should be familiar with are time, scope, and cost. These are frequently known as the triple constraints or the project management triangle.

What are the 6 constraints of a project?

To remember the Six Constraints, think “CRaB QueST” (Cost, Risk, Benefits, Quality, Scope and Time).

When to use project management methodology ( PMM )?

Once executives recognize that project management is needed to make it happen, changes occur quickly. However, failing to use a project management methodology (PMM) may jeopardize an organisation’s efforts and overall effectiveness, in respect to knowledge management, repeatability, comparability, quality, and future impact.

Which is the best way to use PMI PMBOK?

Leverage the project scope and use it as your guide. Use milestone lists to identify and analyze each significant point in your project. Create daily to-do lists and reassess your lists at the end of each day. Share project plans with team members so everyone knows what is expected, and when.

What does PMI stand for in project management?

PMI stands for the Project Management Institute which is a not-for-profit membership association, project management certification, and standards organization. Through the PMI, comes the PMBOK which is not quite a methodology but a guide detailing a set of standards that characterize project management.

How are PMMs used in a case study?

Using a qualitative approach, through case study strategy, the role of PMMs is examined in different business and project contexts. This paper evaluates the benefit of PMMs based on their traits and characteristics and investigates PMMs in their operational context: where PMMs come from and how they support practitioners.