Blog

The term Organizational Project Management (OPM) was coined by John Schlichter in May 1998 in a meeting of the Standards Committee of the Project Management Institute. OPM was defined as the execution of an organization’s strategies through projects by combining the systems of portfolio management, program management, and project management. This definition was approved by a team of hundreds of Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments
Project Cost Management (PCM) is a method that uses technology to measure cost and productivity through the full life cycle of enterprise level projects. PCM encompasses several specific functions of project management including estimating, job controls, field data collection, scheduling, accounting and design. PCM main goal is to complete a project within an approved budget Beginning with estimating, a vital Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments
The following outline is provided as an overview of and topical guide to project management: Project management – discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments
Social project management is a non-traditional way of organizing projects and performing project management. It is, in its simplest form, the outcome of the application of the social networking (i.e. Facebook) paradigm to the context of project ecosystems, as a continued response to the movement toward distributed, virtual teams. Distributed virtual teams lose significant communication value normally present when groups Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments
A Project Management Office, abbreviated to PMO, is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance and metrics on the practice of project management Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments
Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). There are currently 773,840 active PMP certified individuals and 286 chartered chapters across 210 countries and territories worldwide. The exam is based on the PMI Project Management Body of Knowledge (PMBOK), and the prerequisites are: Secondary degree (high school diploma, associate’s degree or Continue Reading
  Categories : Uncategorized  Posted by PMCompanion  No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *