Project Management

In your own words:

• Briefly explain Project Management.
• Identify and describe the five process groups, as identified in the PMBOK. 
  • If you notice:
    • The text lists varying project phases (which differ from the PMBOK).
    • The old Triple Constraint Theory has been expanded to no longer be limited to scope, budget, and schedule with quality as risk impacting.
    • The PMBOK (Sixth Edition) lists competing project constraints which are qualified with the words “but not limited to”.
    • The textbook (Pinto) illustrates The New Quadruple Constraint.
    • Project Management Institute (PMI) has also modified the Project Management Professional (PMP) exam and the PMBOK several times.
• What do these changes indicate regarding project management and the overall role of the Project Manager?
• Do these changes affect your personal understanding/description of project management.