Why Use PMBOK?
With so many other PM methodologies available, why should you consider using PMBOK?
- Project Success: To increase project success within the set timeframe and budget. PMBOK enables you to do precisely that by providing the best practices for project management.
- Standardized Approach: PMBOK allows companies to standardize practices across departments. So, it doesn’t matter whether a project belongs to the development team or the operations team. All projects are managed in the same manner.
- Standardized System with other companies: Additionally, PMBOK can help project managers work with a standardized system across companies. If you leave your organization for another, you’ll still be able to use the same practices described by PMBOK.
- Project Risk Analysis: Think of PMBOK as a project management handbook that you can refer to whenever you need guidance. The methods documented within the PMBOK methodology can help you manage potential project risks. The guide discusses what works, giving you an idea of what you need to do to steer your projects towards success. It also discusses what doesn’t work, giving you the power to prevent the failure of projects.
What Is PMBOK Methodology?
PMBOK stands for Project Management Body of Knowledge. It is the collection of processes like best practices, terminologies, and guidelines that are accepted as standards within the project management Industry. It is considered valuable for companies because it helps them standardize practices across various departments and tailor processes to suit specific needs.
Table of Content
- What is the PMBOK Methodology in Project Management?
- How can PMBOK help with Project Management?
- PMBOK: A Brief History
- Why Use PMBOK?
- What can Project Managers do with PMBOK?
- The PMBOK Structure for Project Management
- Benefits of PMBOK
- Disadvantages of PMBOK
- PMBOK Project Examples
- Conclusion: PMBOK Methodology
- PMBOK Methodology – FAQs