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Project Management Study Guide

This study guide outlines the fundamentals of project management, emphasizing the application of knowledge and skills to meet project requirements. It details the five phases of the project lifecycle: Initiation, Planning, Execution, Monitoring & Controlling, and Closing. Additionally, it introduces core methodologies such as Waterfall, Agile, and Scrum, each suited for different project types and requirements.

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jagriti tiwari
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2 views1 page

Project Management Study Guide

This study guide outlines the fundamentals of project management, emphasizing the application of knowledge and skills to meet project requirements. It details the five phases of the project lifecycle: Initiation, Planning, Execution, Monitoring & Controlling, and Closing. Additionally, it introduces core methodologies such as Waterfall, Agile, and Scrum, each suited for different project types and requirements.

Uploaded by

jagriti tiwari
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

STUDY GUIDE & FRAMEWORKS

Fundamentals of Project Management

1. Overview

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet
project requirements. A project is a temporary endeavor undertaken to create a unique product, service, or result.

2. The Five Project Lifecycle Phases

• Initiation: Defining the project at a high level, identifying key stakeholders, and developing the official Project
Charter.
• Planning: Setting clear goals, defining scope, creating a Work Breakdown Structure (WBS), establishing timelines,
and assessing risks.
• Execution: Developing team capacity, delivering work packages, and actively managing stakeholder expectations.
• Monitoring & Controlling: Tracking performance metrics (KPIs), preventing scope creep, and evaluating change
requests.
• Closing: Finalizing deliverables, conducting lessons learned retrospectives, and archiving project records.

3. Core Methodologies

Waterfall Method:

A linear, sequential framework best suited for projects with fixed requirements and predictable outcomes (e.g.,
construction, manufacturing).

Agile Framework:

An iterative, flexible methodology focusing on rapid delivery, continuous stakeholder feedback, and ongoing
adaptability (e.g., software development).

Scrum Framework:

A specific Agile approach organized around short, highly focused work iterations called "Sprints" (typically 2–4
weeks in duration).

Page 1 • Fundamentals of Project Management

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