The governance considerations for project cost management. The Project Management Institute’s (PMI’s) Project management Body of Knowledge (the PMBoK) has Project Cost Management as one of its ten Knowledge Areas (or KAs). Anything else… You’ll also want to add in whatever else your Project Management Office(PMO), your Project Board, or your Project Sponsor asks you to include. The PMI’s PMBOK is weak on governance throughout. MORE

Audit: The process of analyzing a project to ensure that it is being governed as intended. Certified Associate in Project Management (CAPM) : A certificate in project management basics offered by Project Management Institute (PMI). Project management terminology can be complicated. MORE

By Anselm Begley, PMP, PRINCE2, CBAP, CSM, APMG Managing Benefits. To achieve certification, candidates need to meet certain eligibility requirements and pass a certification exam developed by a governing body or professional association, such as the Project Management Institute (PMI)®, and the exam content corresponds to a global standard – such as PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). PRINCE2® – developed by AXELOS in the UK. MORE

This is a schematic version of how the PMI represents it in the 6th Edition of its Project Management Body of Knowledge (PMBoK). A note for PRINCE2 Practitioners. Guidance from your PMO (Project/Program/Portfolio Management Office). And what governance will you set over your change control process ? You will also need involvement from your sponsor and the governance tiers of your project. What has Project Governance Ever Done for Us? MORE

Project management methodologies – Agile, Waterfall, PRINCE2, PRiSM, Six Sigma, Critical Path, and many more. Perhaps one of the most commonly known project management certifications, the Project Management Professional certification, provided by the Project Management Institute (PMI), sets the standards for project management. For Europe, you might want to look for a PRINCE2 certification. The PRINCE2 Certification. PRINCE2 Practitioner. PMI’s PMBOK. MORE

Gateway (PRINCE2). It is an important part of project governance that looks both backwards and forwards. The Project Management Institute’s (PMI’s) PMBOK 6th Edition: Phase Gate : A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modificatin, or to end a project or program. Let’s set aside the very important governance imperative. Senior PMO staff. MORE

3% use PRINCE2. [4]. Government – Federal. Government – City/State/Local. Number of PMI Certified Project Managers: Total Number of PMP credential holders: 607,128. # PMI Agile Certified Practitioner holders: 5,265. [14]. PMO Popularity by Company Size: 61% of small organizations (<$100M) have a PMO. 88% of mid-size companies ($100M-$1B) have a PMO. 90% of large enterprises (>$1B) have a PMO. [16]. MORE

If you are a PMI member, you’ll get access to the resources marked Premium as well, so that’s an added bonus. The Infrastructure & Projects Authority (IPA) arranges and manages project assurance reviews for the UK governments’ complex and high risk projects. PRINCE2 Templates from Axelos. If you work in a PRINCE2 environment, you’ll be aware that it’s quite document heavy! You’ve got responsibility for a project. MORE