Understanding Project Management Basics

A project can be defined as a set of tasks to achieve a specific output.

An operation is a project that produces a recurring output.

Each project phase has a deliverable that is intangible and cannot be verified.

Project Scope refers to the budget of both time and money allotted to the project.

Project management process groups include Execution, Monitoring, and Closing stages.

The Project Manager is not responsible for integrating the project management process from initiation to closure.

The Develop Project Charter process is primarily focused on documenting the business needs and the new product, service, or other result intended to satisfy those requirements.

In multi-phase projects, the Develop Preliminary Project Scope Statement process validates or refines the project scope for each phase.

The Project Management Plan becomes the primary source of information for how the project will be executed, but not monitored, controlled, and closed.

Scope Planning involves creating a project scope management plan that documents how the project scope will be defined, verified, and controlled, but does not include work breakdown structure creation and definition.

Scope Definition is the process necessary for developing a high-level definition of the project using the Project Charter as an input.

Acquire Project Team is the process necessary for applying quality activities to ensure the project employs all processes needed to meet requirements.