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PMP Week 1: Project Management Basics

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Nihal Chandra
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3 views1 page

PMP Week 1: Project Management Basics

Uploaded by

Nihal Chandra
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

PMP Notes - Week 1: Introduction & Project Environment

Project Management Overview


- Definition: Application of knowledge, skills, tools, and techniques to project activities.
- Goal: Deliver unique product, service, or result.

Project Life Cycle vs Product Life Cycle


- Project Life Cycle: Initiation -> Planning -> Execution -> Monitoring/Controlling -> Closing.
- Product Life Cycle: Concept -> Growth -> Maturity -> Decline.

Project Environment
- Internal: Culture, governance, structure, resources.
- External: Market conditions, laws, industry standards.

Key Takeaway: A project manager must balance internal and external influences for success.

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