The increasing success of project management indicates that the application of appropriate knowledge, processes, skills, tools, and techniques can have an impact on the success of projects. To provide readers with a general overview of the project management discipline, the PMBOK® Guide identifies that subset of the Project Management Body of Knowledge generally recognized as good practice. "Generally recognized" means the knowledge and practices described are applicable to most projects most of the time, and there is consensus about their value and usefulness. "Good practice" means there is general agreement that the application of these skills, tools, and techniques can enhance the chances of success over a wide range of projects. Good practice does not mean the knowledge described should always be applied uniformly to all projects; the organization and/or project management team is responsible for determining what is appropriate for any given project. This method that allows the standards to work for most projects most of the time is called "project tailoring."
The project manager, with approval from the project sponsor, will typically use a certain level of rigor based on the type of project. It is important that agreed-upon tailoring requirements are documented in the project management plan. This ensures that the project team will follow the standards defined for the project.
The PMBOK® Guide also provides and promotes a common vocabulary within the project management profession for discussing, writing, and applying project management concepts. Such a standard vocabulary is an essential element of a professional discipline.
The Project Management Institute (PMI) views this standard as a foundational project management reference for its professional development programs, including:
• Project Management Professional (PMP®) certification,
• Certified Associate in Project Management (CAPM®) certification,
• Program Management Professional (PgMP)SM certification.
• Project management education and training offered by PMI Registered Education Providers (R.E.P.s), and
• Accreditation of educational programs in project management.
As a foundational reference, this standard is neither complete nor all-inclusive. Appendix D discusses application area extensions, and Appendix E lists sources of further information on project management.
In addition to the standards that establish guidelines for project management processes, tools, and techniques, there is a code that guides practitioners of the profession of project management. The Project Management Institute Code of Ethics and Professional Conduct describes the expectations practitioners have of themselves and others. The Code is specific about the basic obligation of honesty and fairness. It requires that practitioners demonstrate a commitment to honesty, ethical conduct, and compliance with laws and regulations. It carries the obligation to comply with organizational and professional policies and laws. Since practitioners come from diverse backgrounds and cultures, the Code of Ethics and Professional Conduct applies globally. When dealing with any stakeholder, practitioners should be committed to honest and fair practices and respectful dealings. The Project Management Institute Code of Ethics and Professional Conduct is posted on PMI's website.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.