Orientation to the program
As you you already know, this program is eight weeks in duration. You have to complete each week’s plan on time in order to complete the program in eight weeks time. Like in all online training programs, the high level of commitment from the participant’s side is essential for the successful completion. During the next eight week’s time, set your priorities in such a way that, you are able to spend approximately ten hours every week for this program. Once you demonstrate your commitment level, we will also be equally committed.
What is a Project?
Projects are temporary endeavors. When a project ends, the team is dismantled. They deliver unique products or service as outputs. For example designing a new electric car is a project. Same is the case with building of a dam. Projects are performed by people. Progressive elaboration is another key aspect of the project. At the beginning of projects we have very less information about them. As the project project progresses, we gain more insight about the project.
What is an operation?
Operations are ongoing in nature. They deliver standard products or services as outputs. While designing a new electric car is a project, manufacturing the same model of the car shift after shift is an operation.
What is a program?
A program is a collection of inter-related projects, which when done together gives you more value than doing them one after the other. An integrated metro transport program comprises of multiple projects like the road transport, water transport, rail transport, cycling tracks and the paths for the pedestrians. Program managers manage programs. Project managers of the projects which are part of the program report to the program manager.
What is Portfolio?
Organizations have to meet their business goals to be in business. Business goals are supported by business strategy to meet them. Projects, programs and other work support the implementation of the business strategy. Portfolio is this collection of projects, programs and other work .
What is portfolio management?
The selection, alignment and assessment of the actual benefits of the programs and projects, which are part of the portfolio.
What is PMBOK?
The abbreviation for the Project Management Body Of Knowledge by is PMBOK. It is developed by the collaborative effort of project management practitioners. Reading this 750 plus page document is one of the biggest hurdles faced by PMP certification aspirants. It contains 49 processes grouped into 10 knowledge areas and five process groups.
The 10 Knowledge areas
The ten knowledge areas explains the management of the following in projects;
The 5 process groups comprises of;
- Monitoring & Controlling
Every process in is linked to a knowledge area and a process group. For example; ‘Develop project charter’ process is associated with ‘Integration management’ knowledge area and ‘Initiation’ process group.