BUSINESS DRIVEN TECHNOLOGY(LL)-W/ACCESS
BUSINESS DRIVEN TECHNOLOGY(LL)-W/ACCESS
7th Edition
ISBN: 9781260149043
Author: BALTZAN
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 19, Problem 8RQ

Explanation of Solution

Project Management Institute (PMI):

  • Project management institute is responsible for the development of procedures and concepts which is required to support project management professionals.
  • Project management body of knowledge (PMBOK) is created by PMI for project managers’ education and certification.

Key terms:

There are several number of terms associated with PMOK including

  • Communication plan
    • It defines about the flow of project information to the sponsors using the how, what, when, and whom and also it is a key of handling potentials.
  • Executive sponsor
    • A person or a group whom providing required monetarist resource to a project.
  • Project assumption
    • It defines that the considered factors should be a valid one without demonstration.
  • Project  constraint
    • The factors which are all limits the options are project constraint, like budget, delivery dates, skilled resource availability and policy of organization.
  • Project deliverable
    • A verifiable, measurable, and tangible outcome is a project deliverable, like a result or an item which is produced to finish a project...

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