Project Management Body of Knowledge

Question: Discuss about the Project Management Body of Knowledge. Answer: Introduction: The article had covered the aspects of uncertainty in project risk factors and threats. It is evident from the article that the development of the CRM in the company had been a total failure due to the lack of the proper and systematic risk management theories and practice (Snyder, 2014). The interviews with the companys stakeholders was not enough to abide for the decrease of the probability of the risk factors in the organization. The article made by the student 1 had pointed out that the tools of project management such as project scope baseline and the project charter had not been made concisely showing the necessary points required for the project management concepts and principles. The delay in completion was caused due to improper planning and scheduling of the project operations. In the second paragraph the student had explained that the use of any specific models for the operations of the organization would provide sufficient help in developing the smart operations for the p roject. The development of smart and effective management concepts would be helpful for the modification and the implementation of the CRM system in the organization. The student had suggested the use of agile model of software development for the company. The Agile is a modified and more effective and smart implementation of the CRM software process in the organization (Chaves et al., 2016). However, the article review needed to explain more on the use of Agile for the risk management planning in the project of implementing the CRM system in the organization. The article had been made for evaluating the concepts of the risk management the advent of the factors of threat in a project operation. The case study of Miller park had been selected for evaluating the concepts of the risk management and effects of the risk in the organization. The role played by the development of the operations had bene crucial in the organization (Varajao et al., 2017). The failure in this project had been caused due to the sudden changes in the operations and influence of the specific control oeprations. The development of the opertaions had resulted in the need and requirement of a specific risk management tools within the organization. The poor management of the risk factors had resulted in taking toll of 3 lives of the workers due to the collapse of the mobile crane. There was a damage of almost hundreds of millions in the organization. The development of the smart review by the student had been seen in which the transfer of operations was done when the main contractor had ben replaced with a subcontractor. The new subcontractor was unfamiliar with such situation and it had resulted in the crane accident. The student had mentioned the use of project management concepts of risk management for fatser and better risk management in project operations (Karaman Kurt, 2015). The student had mentioned that the use of principles and gudielines would allow the users for forming effective planning and completion of the project with the help of PMBOK. References Chaves, M. S., Arajo, C. D., Rosa, V. D., Glria, I. J. (2016). A new approach to managing Lessons Learned in PMBoK process groups: the Ballistic 2.0 Model.International Journal of Information Systems and Project Management,4(1), 27-45. Karaman, E., Kurt, M. (2015). Comparison of project management methodologies: prince 2 versus PMBOK for it projects.International Journal of Applied Science and Engineering Research,4(4), 572-579. Snyder, C. S. (2014). A Guide to the Project Management Body of Knowledge: PMBOK () Guide. Project Management Institute. Varajo, J., Colomo-Palacios, R., Silva, H. (2017). ISO 21500: 2012 and PMBoK 5 processes in information systems project management.Computer Standards Interfaces,50, 216-222.