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Principles of Project Management

Introduction to Project Management Tools

Project management has become an essential tool in every business development project be it in science projects and technological development. A huge investment in the training and development of managers is made to succeed in the projects. Project management is a set of details and instructions that provide the organization, and infrastructure to complete the task successfully (Hilson, 2014). The selection of methodology depends upon the team, type of project, and scope of the project. The research analysis aims to analyse the knowledge area of models of project management and critical evaluation of PMBok and PRINCE2.

PMBoK

PMBoK management model was developed by the project management institute, to provide a guideline to managers in successfully running the project. PMBoK includes analysis of nine knowledge areas grouped into 5 process stages or process grou....