Project Management Practitioner

It is one of the selection method defined in the project selection methods which is one of the tools and technique of the Develop Project Charter Process. Decision Models are used to analyse different criteria to help and make decision during project selection.

Decision models include benefit measurement methods and mathematical methods.  These selection methods are known as decision models and calculation methods. Decision models examine different criteria used in making decisions regarding project selection, while calculation menthods provide a way to calculate the value of the project,which is then used in project selection decision making.

-Posted by Sundar

In layman term, the Initiating process group is the phase where all pre-requisite activities will be carried out in order to do a project. These tasks involves identify and get the project resources including PM, conduct due-diligence process about the project, perform initial cost estimation, submit the proposal(i.e Project Charter) to management and obtain the approval to start project. At the end of this phase, the PM will have the resources, money, approval to start the real work of the project.

Guys, I have given the layman term description in very low level just to quickly grab the essence of the Initiating process group.

For exam purpose, refer the proper PMBOK 3 definition not my layman description. PMBOK 3 definition as follows

Initiating acknowledges the beginning of a project or a project phase. The followings will occur in this phase.

1. Project Manager assignment
2. Project Manager receives the authorization to start/begin project or project phase
3. Project Manager receives the approval to commit the organization or company’s resources to work on the project or project phase

Objectives

1. Conduct Project Selection Methods
2. Define Scope of the project
3. Identify and define Project Risks, Assumptions and Constraints of the project
4. Identify and Perform Stakeholder Analysis
5. Develop Project Charter for the project
6. Obtain Project Charter Approval

Knowledge Areas  & Processes

Refer the PMBOK 3 and your Project Management Study material for more details.

-Posted by Dhana