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Exam details
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves planning, organizing, and controlling resources to achieve specific goals within constraints like scope, time, and cost.
A project is a temporary endeavor undertaken to create a unique product, service, or result, with a defined beginning and end. Operations are ongoing, repetitive activities that sustain the business, unlike projects which are unique and finite.
The triple constraints, also known as the iron triangle, are scope, time, and cost. Changes to one constraint affect the others, and quality is often considered a fourth constraint.
A project manager is the person responsible for planning, executing, and closing a project, ensuring it meets objectives within constraints. They lead the team, manage stakeholders, and handle risks and changes.
PMBOK stands for Project Management Body of Knowledge, a guide published by the Project Management Institute (PMI) outlining standards, best practices, and guidelines for project management. The latest edition structures content around 10 knowledge areas and 5 process groups.