The success criteria and best practises master of science thesis in the masters programme international project management alexander alekseev department of civil and environmental engineering division ofconstruction management chalmers university of technology northumbria university abstract. Jun 10, 2009 this article examines the processes of mergers and acquisitions, with a focus on programs and projects for the integration of the companies. The project board is chaired by the project sponsor and typically includes a number of other senior stakeholders as well as the project manager. Develop the project management plan includes project planning for each applicable knowledge area scope, schedule, cost, resources. Besides, the project is split in phases and stages set in a temporal dimension and obeying dependencies to set the sequence in. Overview of project management knowledge areas and project management processes. Pmbok nonprofit project examples fund raising campaign. The proper amount of governance is a function of many variables including the complexity and objectives of the integration, and the level of integration experience of team members. To achieve results that generate longterm business value, project professionals must also guide the development of the knowledge that project teams generate.
To be able to harness the power of technology to make knowledge available ondemand. Apr 10, 2015 this would be piloted and rolled out like a conventional knowledge management implementation. Inter project learning is combining and sharing of lessons learned across project to develop new knowledge 8. The exam will certify that the successful candidate has knowledge and skills required to manage the project life cycle, ensure appropriate communication, manage resources and stakeholders, and. If youre a project manager, youll find it can provide the management support to get the job done. A guide to the project management body of knowledge pmbok. Contingency approach to managing knowledge in the postmerger. They are the core technical subject matter of the project management profession, and they bring the project. A guide to the project management body of knowledge pmbok guide 2000 edition 2000 project management institute, four campus boulevard, newtown square, pa 190733299 usa vii list of figures figure 11. Various strands of disciplines are believed to have contributed to the emergence of km. Processes and knowledge areas the goal of this article is to outline project management processes and pm knowledge areas of a project that you will encounter in class. Various methods such as hiller model, sensitivity analysis and. Project management is about improving the likelihood of success of timelimited initiatives by applying certain practices. Knowledge management and organizational performance in.
To this effect, application of knowledge, skill, tools and techniques in the project environment, refers to project management. It may be used to indicate the maximum amount of time in which an action or process may take place. Successful business professionals know how important a project management board is in managing a project and guiding its way to completion on time. Project management professional pmp is a globally recognised certi.
It analyzes the main reasons for success and failure and considers the mistakes to be avoided, within the context of the concepts and processes for managing projects and programs of a guide to the project management body of knowledge pmbok guide. I immediately thought about some work that apqc and one of our past knowledge management km advanced working groups did that was focused on the role of km during a merger or acquisition. People or groups that are not directly related to the acquisition. It management to create or acquire quality it product. Different kinds of knowledge need different policies and resources and technologies to transfer and share and develop between groups members. Activities have a duration and can be manual performed by human. Its a great thing to do up front, but can also help identify reasons why a process isnt working midstream. Successful knowledge management can be defined as the creation of management processes and infrastructure to bring together both knowledge and communities in a common. Challenges of project management for the integration of. Kelly 2000 discussed its origin from the knowledgebased theory of the. A guide to the project management body of knowledge, third edition, p.
Also the critical success factors of knowledge management on innovation are. Focus of the paper the discussion of this subject is limited to transactions involving the operational merger between previously separate business activities. This document supersedes pmis project management body of knowledge pmbok document that was published in 1987. Ittrack km and technologies for knowledge management in. Consider clicking here if you want to know more about our focus. And so, the management of projects and the administration of business as usual should be quite different and as such require discrete competencies in strategy development, management. The board monitors and supports management in an ongoing way. In june 2007, treasury board ministers approved the policy on the management of projects, supported by the standard for organizational project. A guide to the project management body of knowledge pmbok guide fourth edition.
A threshold is an upper or lower limit dependent upon what context it is used in. Enriching knowledge management coordination by olivier serrat distributing knowledge coordination for organizational problem solving to manage knowledgein the sense of making explicit and systematic efforts to enable vital individual and collective knowledge resources to be identified, created, stored, shared. But only after these deals are completed are executives faced with the real work that will enable the primary organization to achieve the goals it envisioned when it merged with or acquired another company. Knowledge merger we are a bunch of young undergrad bloggers who are trying to merge various pieces of information, compile them and present our assessments and interpretations to help out people around the world. In the project management body of knowledge pmbok the process groups are the chronological phases that the project goes through, and the knowledge areas occur throughout any time during the process groups. You will cover five project management process groups and nine pm knowledge areas.
Also, the process of knowledge transfer is dynamic and complex and thus, numerous challenges can arise along the way. Km focuses on organizing and making available important knowledge, wherever and whenever it is needed. Prerequisites for the merging of knowledge and practices the process of the merging of knowledge should in no way be confused with a simple process. Overview of project management knowledge areas and project management processes 8 figure 12. In a knowledge based acquisition, where one company acquires another in order to gain access to their knowledge, there will have been some preacquisition work done to ensure that the knowledge gain is worth the expense. Ittrack km and technologies for knowledge management in government organizations as we have asserted many times in this material knowledge management is much more than technology, but clearly efficient and effective utilization of relevant technology is an integral part of the knowledge management scheme. These are typically designed to be adaptable to any type of project and cover most industries. The project board will be accountable to the partnership board and be supported by the executive team. Serban, jing luan in the early 1990s, corporations coined the concept and movement of knowledge management, which is an institutional systematic effort to capitalize on the cumulative knowledge that an organization has. Students pursuing a universityrecognized andor accredited certificate in canada or continuing education units in the us must attend at least 90% of class time, participate in class exercises and section knowledge checks, and score at least 70% on an end of class, multiplechoice assessment. The broader project management body of knowledge includes several information content source areas. If km is to have a future, it must give better answers to such fundamental questions as what is knowledge, what is knowledge management, where does knowledge come from, and what roles do learning and knowledge play in business performance. It may refer to the minimum level of quality allowed for any.
The second edition of this comprehensive book, discusses the fundamental aspects of project management in a studentfriendly manner. The process groups are horizontal, and the knowledge areas are vertical. Project management templates, checklists and tips it. What is project integration management project integration management is the coordination of all elements of a project. They cover each of the 47 project management processes. Thresholds may be used to define the limit of an acceptable cost or expenditure in project management. The merging of knowledge is a technique to help people facing extreme poverty and social exclusion dialogue and exchange ideas with policy makers, business leaders, social workers, and teachers. A guide to the project management body of knowledge. This paper examines why and how project, program, and portfolio professionals can manage the knowledge that teams generate from their efforts. Governance is the project management structurehierarchy that helps ensure the integration is completed ontime within budget and achieves its other desired goals. Organizational capacity and project complexity and risk.
This study aims to analyze critical factors of knowledge management in the project basedorganization with the help of ism. The raci model is a quick way to lay out roles and responsibilities on your project. Integration management scope management time management cost management quality management human resource management communications management risk management procurement management. It analyzes the main reasons for success and failure and considers the mistakes to be avoided, within the context of the concepts and processes for managing projects and programs of a guide to the project management body of knowledge. I must admit that im jumping on the band wagon of people reacting to and commenting on the merger of microsoft and linkedin. Knowledge management and postmerger integration management. These practices include establishing clear accountabilities, defining objectives and outcomes, establishing the scope, planning, monitoring, and reporting controls for project activities. Free pmp answers mosaic projects project management. Chapter knowledge 18 acquisition, representation, and reasoning. Providing better conditions for more productive results is one duty of knowledge management. Project integration management mar 23, 2017 an area of knowledge is, according to pmbok project management body of knowledge, an identified area of project management defined by its knowledge requirements and described in terms of its processes, practices, initial data, results, tools and techniques that. Project report on knowledge management by sanjay gupta issuu. Guidelines for the merging of knowledge and practices when.
Less interest has been addressed in the knowledge areas of procurement management or 6. Critical path scheduling is a simple technique to achieve this, there are many software tools to support it. To help boards in this process, the association for project management apm uk has produced directing change a guide to the governance of project management gopm apm, 2004 which describes the principles of effective project governance and the information a board needs, to be confident its organisations. Critical factors for knowledge management in project business mian ajmal, petri helo and tauno keka. The project management body of knowledge is a set of standard terminology and guidelines a. But as global competition continues to intensify, investors and boards are demanding more topline growth as a way to further increase shareholder value. Those processes performed to authorize and define the scope of a new phase or project or that can result in the continuation of halted project work. The discussion presents instruments, combined with recommendations on ways to implement them. It allows you to discuss, communicate and agree upon roles for your project. Project management tools, just like the 10 areas of knowledge, are applied to the project process to ensure optimal efficiency and effectiveness. Development of a project management methodology for. Iv guide to mergers and acquisitions introduction many organizations continue to increase their earnings through better managing their costs and balance sheets. By integrating process and project management, organizations can more. Knowledge management in projectbased organisations.
Knowledge management, innovation and organizational performance. Pdf project management concept body of knowledge bok. This paper aims to explore how governance of knowledge management can lead to successful delivery of km strategic benefits and the critical issues pertaining to it. This includes coordinating tasks, resources, stakeholders, and any other project elements, in addition to managing conflicts between different aspects of a project, making tradeoffs between competing requests and evaluating. Retrieved may, 2008,from serious results from light tooling, aspx. It deals with topics such as project life cycle, project selection, feasibility study and techniques like pert and cpm for project control. Project management body of knowledge fourth edition. Km is also related to the concept of intellectual capital. The spectrum of knowledge management dave snowden, ibms cio, writes that km is the identification, optimization, and active management of intellectual assets, either in the form of explicit knowledge held in artifacts or as trait knowledge possessed by individuals or. This copy is a pmi member benefit, not for distribution, sale or reproduction. First, the pm must have skills in general management.
Introduction to project management introduction realization of these objectives requires systematic planning and careful implementation. Details of these activities are discussed in the following sections. The goal of this strategy is to overcome differences in speaking and thinking, life experience, and perspectives, and to allow for constructive exchanges. W178 chapter 18 knowledge acquisition, representation, and reasoning knowledge can be used in a knowledgebased system to solve new problems via machine inference and to explain the generated recommendation. A guide to the project management body of knowledge pmbok guide fifth. The project board will adopt best practice project management principles, work to an agreed project plan and progress reporting schedule. Project management in recent years has proliferated, reaching. This study has focused on the role of middle management in the implementation of knowledge management with the help of km processes and strategies which eventually leads to innovation. Role of the board australian institute of company directors. Expert judgment can also suggest whether to combine methods and how to. Knowledge management put emphasis on particularly this issue. Owned by the project management institute pmi the project management body of knowledge pmbok is a collection of processes and knowledge areas accepted as best practice within the project management discipline pmp. Knowledge management km may be defined simply as doing what is needed to get the most out of knowledge resources. I a guide to the project management body of knowledge pmbok guide fourth edition 2008 project management institute, 14 campus blvd.
Critical factors for knowledge management in project business. Managing knowledge in project environments 3 duration need not be short. The purpose of this collection of project management templates, project management checklists and tips is to plan, implement and manage projects professionally which of course includes also itil implementation projects the documents are designed to provide practical support for anyone assigned to do the actual project work. Corporate mergers and acquisitions are common events defining todays global marketplace. The process of knowledge transfer in mergers and acquisitions. Project management to ensure quality project process and results. Each project and composite workstreams of work require board. The project management body of knowledge is complex. It consists of organizational planning, staff acquisition, and team development. Those risks can come from the project, its nature, team or their knowledge. Merging knowledge management with project management. These tools can be anything that a project manager uses to contribute to the project s success, whether computer software, diagrams, or document templates. Youll find insights from subject matter experts in the areas of strategic planning, lean and agile delivery, project portfolio management, resource management, product portfolio management, enterprise architecture, innovation management, and project collaboration. To assist users of this document who may be familiar with its predecessor, we have summarized the major differences here.
List of figures figure 11 overview of project management knowledge areas and project management processes 7 figure 12 relationship of project management to other management disciplines 9 figure 21 sample generic life cycle 12 figure 22 representative life cycle for defense acquisition, per us dod 5000. In project management process intra project learning takes place too when project team members discuss approaches for completing a task or overcoming a problem 8. Here i have presented to you a summary of some of the things that will be taught. Communicating project time, tasks, goals, milestones and overview 247 is easy with these whiteboards. Guide to using the organizational project management. This paper examines how organizations can use project management to facilitate the integration of. Knowledge management success equals project management success.
Development of a knowledge management initiative and system. A methodology for knowledge based project management. Terms of reference for project boards university of oxford. The main hypothesis is the network communication system provides the most effective frame work for the management of the information technology it projects. Managing projects involves more than simply directing the implementation of unique initiatives. Pdf book of knowledge bok is a project management concept which consists of several main.
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