Chapter 1 Last Point PDF - Project Management

CSC3563 SESSION 1 2023 EDITION 1.7 Project Management Process Groups A Project Management Process Group is a logical grouping of project management processes to achieve specific project objective...

CSC3563 SESSION 1 2023 EDITION 1.7 Project Management Process Groups A Project Management Process Group is a logical grouping of project management processes to achieve specific project objectives. This standard describes the project management processes employed to meet project objectives. Project management processes are grouped in five Project Management Process Groups: Initiating Process Group: The process(es) performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase. Planning Process Group: The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. 27 CSC3563 SESSION 1 2023 EDITION 1.7 Project Management Process Groups Executing Process Group: The process(es) performed to complete the work defined in the project management plan to satisfy the project requirements. Monitoring and Controlling Process Group: The process(es) required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes. Closing Process Group: The process(es) performed to formally complete or close a project, phase, or contract. Closing processes are described in Section 6 28 1.8 Code of Ethics and Professional Conduct PMI's Code of Ethics and Professional Conduct defines fairness, honesty, responsibility and respect as they relate to the project management profession. But it's up to individuals to integrate those values into the project at hand. And that can't be done without a true understanding of the local culture. PMI Code of Ethics and Professional Conduct www.pmi.org/PDF/AP_PMICodeofEthics.pdf Requires a commitment to honesty, fairness and transparency from all PMI-related professionals Defines and offers insight into dealing with conflict- of-interest situations CSC3563 SESSION 1 2023 EDITION 29 CSC3563 SESSION 1 2023 EDITION 1.8 Code of Ethics and Professional Conduct PMI Code of Ethics and Professional Conduct Responsibility : duty to take ownership for the decisions we make or fail to make, the actions we take or fail to take, and the consequences that result Respect : duty to show a high regard for ourselves, others, and the resources entrusted. Resources entrusted may include people, money, reputation, the safety of others, and natural or environmental resources. Fairness : duty to make decisions and act impartially and objectively. Must be free from competing self interest, prejudice, and favoritism. Honesty : duty to understand the truth and act in a truthful manner both in our communications and in our conduct 30