ASSIGNMENT No.

1. If someone had asked you to define project management before you read this section, how would you
have defined it? How did your definition differ from the definition stated above?
- I would define project management as the application of skills, knowledge, leadership,
experiences as well as different methods and processes to a certain project to produce quality service, as
well as to deliver something of value to the people. It is all about properly managing a project in order to
meet success.
The way I describe project management is not different to what was stated in the given module. I
think this is because it only has one meaning attached to it.

2. In your own understanding, discuss the importance of a project management process.

- Project management processes are important because it drives the team through the road of
success. It serves as the projects compass on achieving its mission, vision, and objectives. Moreover, it
ensures that there is a secured plan on executing the project to deliver quality service as well as
something of value to the people.

3. State the importance of the 10 knowledge areas according to the PMBOK.

The 10 Knowledge Areas of project management are:

 Project Integration Management

- It holds the project together. It includes such fundamental plans as developing a project charter
that is created during the initiation phase. This is the document that sets up the project and assigns the
project manager.
Another aspect on why this area is important is the project management plan, which is
developed as a project roadmap for the project to reach a successful end. Once created, the project plan
is approved by stakeholders and/or sponsors, and then it’s monitored and tracked through a change log
as the project progresses.
Lastly, the project integration area also includes the directing and managing of the project work,
which is the production of its deliverables. This process is monitored, analyzed, and reported on to
identify and control any changes or problems that might occur.

 Project Scope Management

- Project Scope Management defines the scope of work to complete during the project. It’s essential as
it sets boundaries to the amount of work that can be included in one project. This prevents the
addition of unauthorized or unnecessary tasks. Also, it helps avoid going over budget. It includes the
following processes:
 Scope Management planning - involves the creation of the scope management plan. It’s usually included
in the project management plan. 
 Requirements Collection - involves gathering detailed requirements to define the deliverable features
and project stakeholders’ requirements for the project management process. 
 Scope Definition - is about the preparation of a detailed description of the project scope. It helps to
uncover the hidden risks and other issues. The project scope should be built up gradually and become
more precise with each iteration. 
 WBS Creation - WBS stands for a Work Breakdown Structure. It involves the graphical breakdown of
your project into components. These components represent the scope of work arranged hierarchically. 
 Scope Validation - is about approving and accepting the released project deliverables by project
stakeholders.
 Scope Control - is a revision of scope statements to ensure that the project work was completed within
the set requirements. 

 Project Schedule Management

- Project schedule management is one of the most sophisticated among all the knowledge areas.
It requires a lot of pre-preparation. A project manager must define project tasks first and after creating a
schedule where they mark the starting and finishing dates. Moreover, the project plan and timetable
often change. That’s why a project management schedule needs frequent revisions and stakeholders’
approval. Project Schedule Management includes:
 Schedule Management Planning
 Activities Definition - divides a project into separate tasks.
 Activities Sequence - is about ordering the tasks on a timeline.
 Estimation of Activity Durations 
 Schedule Development stage – it creates a diagram with a critical path. This is the longest
way between starting and finishing points, a graphical bar chart with activities that have
their early starting dates, and the resource usage allocated to each activity.
 Schedule Control - is the evaluation of project progress following the schedule. At this
stage, it can define if the project goes ahead or is late.

 Project Cost Management

- This knowledge area provides effective estimation techniques that help to define the sums
needed to spend on the project. By doing so, it ensures that project owners and stakeholders stay
satisfied with the amounts they need to spend on product development. Project Cost Management
involves costs management planning, costs estimation, budget determining and cost control.

 Project Quality Management

- A project can come in on time and within budget, but if the quality is not up to the standard set,
then the project is a failure. Plan quality management is part of the overall project management plan,
though it can be a standalone document if it contains the quality specs for the product or service.
The process needs to include quality assurance, which is just a way to make sure that quality
standards are being met. Therefore, to control quality, the deliverables must be inspected to make sure
that those standards outlined in the quality management plan are being met.

 Project Resource Management

- The project team is the most important resource, so it’s crucial to assemble the best team and to
make sure they’re happy. But also, there is a need to track their performance to ensure that the project is
progressing as planned. A human resource management plan will identify their roles and their
requirements for those positions, as well as how they fit in the overall project structure.
Managing the project team is an ongoing responsibility of the project manager. The team is
monitored to make sure they’re working productively and that there are no internal conflicts, so
everyone is satisfied.

 Project Communications Management

- All areas of project management are important, but communication management might be
paramount as it informs every aspect of the project. Communications inform the team and stakeholders,
therefore the need to plan communications management is a critical step in any project.
It is at this point that the dissemination of communications is determined, including how it’s
done and with what frequency. Target who needs what and when. It’s important to develop the
 communication rules for stakeholders to get in touch quickly once there appear unforeseen issues. For
successful project communication

 Project Risk Management

- Project risks are often hidden and can’t be seen at a mere glance. That’s why to ensure
successful project execution and minimize unexpected issues, project managers should perform a deep
analysis of possible risks. To estimate project risks successfully, a project manager should carry out
these tasks:
 Risk Management Planning - involves the creation of a risk management plan that explains
how to categorize and prioritize possible risks.
 Risks Identification - means that a project manager should identify the project risks. They
record them for monitoring and prevention of their occurrence.
 Qualitative Risk Analysis - means classification and categorization of the risks by their
probability to occur and impact.
 Quantitative Risk Analysis - involves estimation risks in numbers and how they influence
every project aspect such as budget, team, timelines, and so on.
 Risk Response Planning - is the outlined way of action on how to respond if the major risks
appear.
 Risk Response Implementation - is about executing the steps planned in the risk response
planning. 
 Risks Monitoring - is the supervision of project development and evaluation of the
occurrence of the risks. If the risks become outdated or irrelevant, you can cross them off the
risk register.

 Project Procurement Management

- This deals with outside procurement, which is part of most projects, such as hiring
subcontractors. This will obviously have an impact on the budget and schedule. Planning procurement
management starts by identifying the outside needs of the project and how those contractors will be
involved.

 Project Stakeholder Management

- Stakeholders’ management is a fundamental part of any project. They initiate the project,
identify product requirements, model project processes, estimate the project outcomes, and declare
project success. Each stakeholder has a set of functions in a project. Therefore, a project manager should
establish these roles and responsibilities. It’s important to set the rules for stakeholders so that they
effectively interact and add value to the successful project development. That’s why a project manager
should perform these activities:
 Stakeholders Identification - is one of the first steps done to initiate a project. Project
stakeholders and their roles are usually outlined in one of the first project documents — a
stakeholders’ register.
 Stakeholder Engagement Planning - is about making a list of stakeholders and estimating
their impact on a project, their roles, and responsibilities.  
 Stakeholder Engagement Management - involves the identification and meeting expectations
of the stakeholders. For example, if they have enough tools to accomplish parts of the
project, what project problems they might face in the future, and others.
 Monitoring of Stakeholder Engagement - is about monitoring if the stakeholders’ needs were
met and what they might need in the future. 

4. Think of a possible project that you want to accomplish.

 - Tilapia Flavored Ice Cream

References:
https://www.projectmanager.com/blog/10-project-management-knowledge-areas
https://everhour.com/blog/project-management-knowledge-areas/