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The Project Management Framework used within Portfolio Management Solutions and Services(PMSS) can be considered a Best Practice Project Management Methodology because it is aligned withthe Project Management Institutes (PMI) Project Management Body Of Knowledge (PMBOK) which is auniversally accepted and followed project management best practice standard. As such the PMFramework used within the PMSS PMO could be easily aligned with any other Best Practice projectmanagement methodology on the market. This alignment is explained in detail in the table below.
What is PMI and the PMBOK?
The PMI is arguably the worlds foremost advocate for the project management profession and practice.It is represented by more that 200,000 members across 156 countries worldwide.PMI professionalscome from virtually every major industry including, aerospace, automotive, business management,construction, engineering, financial services, information technology, pharmaceuticals, healthcare, andtelecommunications.
The Project Management Body Of Knowledge (PMBOK) is a collection of processes and knowledgeareas within the practice of project management created and updated continuously by a collective boardof PMI professionals. It is a recognised international standard (IEEE Std 1490-1998) and includes 5 basicproject management processes, namely; Initiation, Planning, Executing, Controlling and Closing.
How is the PMO PM Framework Aligned with the PMBOK?By creating the PMO PM Framework Stages in parallel with the Phases within the PMBOK, we havebeen able to achieve a close alignment with the PMBOK. However whereas the PMBOK gives directionon what it is that needs to be done, the PMO PM Framework concentrates on how it has to be done.
For each core process in the PMBOK, the PMO PM Framework has an equivalent process. The tablebelow illustrates this alignment in detail. It furthermore highlights areas that are included in the PMO PMFramework that are not as yet included in the PMBOK.
BEST PRACTICE PROJECT MANAGEMENT
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PMBOK PM FRAMEWORK
PROJECT INITIATION PROCESSES
Develop Preliminary Project Scope Statement Define Overall Project Scope
Develop Project Charter Develop Project Scope Of Work
Not in PMBOK Identify and Engage Key Stakeholders
Not in PMBOK Define the Business Need/Opportunity
Not in PMBOK Identify the Business Benefits
Not in PMBOK Define Project Objectives
Not in PMBOK Ensure Alignment With Strategic Direction andArchitecture
Not in PMBOK Identify Key Potential Business Risks
Not in PMBOK Determine costs and Schedule Estimates
PROJECT PLANNING PROCESSES
Develop Project Management Plan Develop Project Plan
Scope Planning Refine Project Scope
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PMBOK PM FRAMEWORK
Scope Definition Refine Project ScopeCreate WBS Refine Project Schedule
Activity Definition Refine Project Schedule
Activity Sequencing Refine Project Schedule
Activity Resource Estimating Refine Project Schedule
Activity Duration Estimating Refine Project Schedule
Schedule Development Refine Project Schedule
Cost Estimating Refine Project Cost and Budget
Cost Budgeting Refine Project Cost and Budget
Quality Planning Develop Project Quality Management Approach
Human Resource Planning Define Project Organisation and Governance
Communications Planning Develop Project Communication ApproachRisk Management Planning Identify Potential Risks
Risk Identification Identify Potential Risks
Qualitative Risk Analysis Identify Potential Risks
Quantitative Risk Analysis Identify Potential Risks
Risk Response Planning Identify Potential Risks
Plan Purchases and Acquisitions Determine Procurement and Sourcing Strategy
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PMBOK PM FRAMEWORK
Plan Contracting Determine Procurement and Sourcing Strategy
Not in PMBOK Identify Project Constraints and Assumptions
Not in PMBOK Identify Other Resource Requirements
Not in PMBOK Establish Project Life Cycle Checkpoints
Not in PMBOK Determine Process for Issue Identification andResolution
Not in PMBOK Determine the Process for dealing with ScopeChange
Not in PMBOK Develop the Organisational Change Approach
Not in PMBOK Develop Configuration Management Approach
Develop Project Charter (in Initiation Phase) Develop Business Case Definition
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PMBOK PM FRAMEWORK
PROJECT EXECUTING, MONITORING AND CONTROLLING PROCESSES
Direct and Manage Project Execution Project Specific Deliverables and
Document Work Results
Perform Quality Assurance Manage Quality
Acquire Project Team Manage Schedule
Develop Project Team Manage Schedule
Information Distribution Communicate Information
Request Seller Responses Execute Procurement Plan
Select Sellers Execute Procurement Plan
Monitor and Control Project Work Manage Schedule
Integrated Change Control Manage Scope
Scope Verification Manage Scope
Scope Control Manage Scope
Schedule Control Manage Schedule
Cost Control Manage Costs
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PMBOK PM FRAMEWORK
Perform Quality Control Manage QualityManage Project Team Manage Schedule
Performance Reporting Status Review Meetings and
Review Project Life Cycle Checkpoints
Manage Stakeholders Communicate Information
Risk Monitoring and Control Manage Risks
Contract Administration Administer Contractor/Vendor
Not in PMBOK Manage Organisational Change
Not in PMBOK Manage Issues
Not in PMBOK Update Project Planning Documentation
PROJECT CLOSING PROCESSES
Close Project Conduct Outcomes Assessment
Contract Closure Conduct Final Contract Reviews
Not in PMBOK Conduct Final System Acceptance Meeting
Not in PMBOK Conduct Knowledge Transfer
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PMBOK PM FRAMEWORK
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