GBEPM530 PROCUREMENT AND BIDDING By Patrick Chishika MSc, BA, MCIPS, MZIPS, SPSM, CIPA “The goal is to produce graduates who consistently take initiative to solve problems, both expected and unexpected, and challenge the “Status Quo” and think outside the box” Project Management Overview WHAT IS A PROJECT? 1. A Project is a temporary endeavor undertaken to create a unique product, service or result (PMBOK, 2017). 2. A project is “a one-time, multi-task job that has clearly defined starting and ending dates, a specific scope of work to be performed, a budget, and a specified level of performance to be achieved.” (James P. Lewis, “The Project Manager’s Desk Reference”) . 3. The Harvard Business Review talks about a unique set of activities, meant to produce a defined outcome within an established time frame, using specific allocation of resources. Projects differ from standard businesses because of their unique nature, timescale, budget, resources, risk and change. Project Management Overview WHAT IS PROJECT MANAGEMENT? Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements (PMBOK, 2017). - 47 Project Management Processes categorized into five Process Groups: initiating, Planning, Executing, Monitoring and control, and Closing . Project Management Overview ROLE OF KNOWLEDGE AREAS A Knowledge Area represents a complete set of concepts, terms, and activities that make up a professional field, project management field, or area of specialization. The 47 project management processes are grouped into these ten knowledge areas namely: Project Integration Management, Project Scope Management, Project Schedule Management, Project Cost Management, Project Quality Management, Project Resource Management, Project Communications Management, Project Risk Management, Project Procurement Management and Project Stakeholder Management (PMBOK, 2017).