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The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management.The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
The plan should be agreed and approved by at least the project team and its key stakeholders. Many project management processes are mentioned in PMBOK® Guide, but determining which processes need to be used based on the needs of the project which is called Tailoring is part of developing the project management plan. [2]
A project management information system (PMIS) is the logical organization of the information required for an organization to execute projects successfully. A PMIS is typically one or more software applications and a methodical process for collecting and using project information.
Product description – in project management is a structured format of presenting information about a project product; Project Management Triangle – is a model of the constraints of project management. Resources in project management terminology are required to carry out the project tasks. They can be people, equipment, facilities, funding ...
Similarly, for the PMBoK, the major development in this coordinated approach was the requirement that a knowledge area always starts with the associated management plan. [ 9 ] ISO 21500 certification
In time management, gold plating is the phenomenon of working on a project or task past the point of diminishing returns.. For example, after having met a project's requirements, the manager or the developer works on further enhancing the product, thinking that the customer will be delighted to see additional or more polished features, beyond that which what was asked for or expected.
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 February 2025. Software licensed to ensure source code usage rights Open-source software shares similarities with free software and is part of the broader term free and open-source software. For broader coverage of this topic, see open-source-software movement. A screenshot of Manjaro Linux running ...
APICS defines S&OP as the "function of setting the overall level of manufacturing output (production plan) and other activities to best satisfy the current planned levels of sales (sales plan and/or forecasts), while meeting general business objectives of profitability, productivity, competitive customer lead times, etc., as expressed in the ...