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Project management concepts, methodologies and tools, which are used in the industries, are explained in nutshell for the benefit of project management community.
 


Microsoft Project

Microsoft Project logo
MS Project is a project management software tool, developed and sold by Microsoft, which is designed to assist a project manager in developing a plan, assigning resources to tas
ks, tracking progress, managing the budget, and analyzing workloads. Microsoft Project is widely used for Project Management and it is almost the de facto standard planning software in use.


PMBOK

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PMBOK is a book which presents a set of standard terminology and guidelines for project management. It is published by the Project Management Institute (PMI) and recognized by the American National Standards Institute (ANSI) as an American National Standard.
The PMBOK Guide is process-based, meaning it describes work as being accomplished by processes. Processes are described in terms of Inputs (documents, plans, designs, etc.), Tools and Techniques (mechanisms applied to inputs) and Outputs (documents, products, etc.).
The Guide recognizes 42 processes that fall into five basic process groups and nine knowledge areas that are typical of almost all projects.
The five process groups are Initiating, Planning, Executing, Monitoring & Controlling and Closing.
The nine knowledge areas are Integration, Scope, Time, Cost, Quality, Human Resource, Communications, Risk and Procurement Management.
The PMBOK Guide is meant to offer a general guide to manage most projects most of the time.


PRINCE2

 PRojects IN Controlled Environments 2 (PRINCE2) is a structured project
PRINCE2 logo
management method endorsed by the UK government as the project management standard for public projects. The methodology encompasses the management, control and organisation of a project.
PRINCE2 is based on seven principles (continued business justification, learn from experience, defined roles and responsibilities, manage by stages, manage by exception, focus on products and tailored to suit the project environment), seven themes (business case, organization, quality, plans, risk, change and progress) and seven processes.
PRINCE2 describes procedures to coordinate people and activities in a project, how to design and supervise the project, and what to do if the project has to be adjusted if it doesn’t develop as planned. The various management roles and responsibilities involved in a project are fully described and are adaptable to suit the complexity of the project and skills of the organisation.
PRINCE2, as a method and a certification, is adopted in many countries worldwide, including the UK, Western Europe and Australia.


Six Sigma

Six Sigma logo
Six Sigma is a business management strategy originally developed by Motorola, USA., it is widely used in many sectors of industry.
Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization ("Black Belts", "Green Belts", etc.) who are experts in these methods. Each Six Sigma project carried out within an organization follows a defined sequence of steps and has quantified financial targets (cost reduction and/or profit increase).
A six sigma process is one in which 99.99966% of the products manufactured are statistically expected to be free of defects (3.4 defects per million).
Six Sigma ideas with lean manufacturing (addressing process flow and waste issues) to yield a methodology named Lean Six Sigma. 


GMP

"Good manufacturing practice" or "GMP" are practices and the systems required to be adapted in pharmaceutical manufacturing, quality control, quality system covering the manufacture and testing of pharmaceuticals or drugs including active pharmaceutical ingredients, diagnostics, foods, pharmaceutical products, and medical devices. GMPs are guidance that outline the aspects of production and testing that can impact the quality of a product. Many countries have legislated that pharmaceutical and medical device companies must follow GMP procedures, and have created their own GMP guidelines that correspond with their legislation. 


Agile Project Management

Agile project management is an iterative method of determining requirements for engineering development projects in a highly flexible and interactive manner, for example agile software development. It requires empowered individuals from the relevant business, with supplier and customer input. Agile techniques are best used in small-scale projects or on elements of a wider programme of work, or on projects that are too complex for the customer to understand and specify before testing prototypes.


Scrum

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Scrum is an agile framework for completing complex projects. Scrum originally was formalized for software development projects, but works well for any complex, innovative scope of work.

Scrum relies on a self-organizing, cross-functional team. Scrum projects make progress in a series of sprints, which are timeboxed iterations no more than a month long. At the start of a sprint, team members commit to delivering some number of features that were listed on the project's product backlog. At the end of the sprint, these features are done--they are coded, tested, and integrated into the evolving product or system. At the end of the sprint a sprint review is conducted during which the team demonstrates the new functionality to the product owner and other interested stakeholders who provide feedback that could influence the next sprint.