Simulation Simulation is a technique that is used to evaluate and improve project plans and schedules, as well as to find risks and unknowns that could affect how the project turns out. Project managers can use simulation software to model different scenarios and test how different variables affect project schedules and budgets. Simulations can be used to…
12 Principles of Project Management – PMBOK VII As per the Project Management Institute’s latest guidelines (JAN-2021), project management relies on 12 fundamental principles as described below. Be a diligent, respectful, and caring steward Create a Collaborative Project Team Environment Effectively Engage with Stakeholders Focus on Value Recognize, Evaluate, and Respond to System Interactions Demonstrate Leadership Behaviors…
PROJECT PERFORMANCE DOMAINS A project performance domain is a collection of connected activities that are essential for the successful delivery of project results. Project performance domains are interacting, interconnected, and interdependent areas of attention that work together to achieve project goals. There are eight project performance domains to consider: Stakeholder Performance Domain Team Performance Domain Development Approach…
Stakeholder Performance Domain The Stakeholder Performance Domain focuses on actions and functions related to stakeholders. It deals with the following. Throughout the project, maintain a positive working relationship with stakeholders. Stakeholder agreement on project goals. Stakeholders who benefit from the project are supportive and satisfied, but stakeholders who oppose the project or its deliverables have no negative…
Team Performance Domain This performance domain comprises creating the culture and environment that allow a varied group of people to mature into a high-performing project team. This involves recognizing the actions required to encourage project team development and encouraging all project team members to exhibit leadership characteristics. The following are the key components of Team Performance Domain….
Development Approach and Life Cycle The development methodology and Life Cycle Performance Domain address activities and functions linked with the project’s development methodology, cadence, and life cycle stages. It deals with the following areas. Development, Cadence, and Life Cycle Relationship Delivery Cadence Development Approaches Considerations for Selecting Development Approach Life Cycle and Phase Definitions Aligning of Delivery…
Planning Performance Domain The Planning Performance Domain tackles actions and functions related to the initial, continuing, and developing organization and coordination required for project deliverables and results. It deals with the following areas. Planning Overview Planning Variable Project Team Composition and Structure Communication Physical Resources Procurement Changes Metrics Alignment Interactions with Other Performance Domains
Project Work Performance Domain The Project Work Performance Domain tackles actions and functions related to project process development, physical resource management, and promoting a learning environment. It deals with the following areas. Project Processes Balancing Competing Constraints Maintaining Project Team Focus Project Communications and Engagement Managing Physical Resources Working with Procurements Monitoring New Work and Changes Learning…
