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Principles of Project Management

Introduction to PMBoK and PRINCE2

Successful implementation of project activities and processes incurs as an emerging process of organizational management. PMBoK or Project Body Management of Knowledge arrives as a significant element of the project management and execution activities for the sake of efficient project succession keeping in view the project phases and also the forecasted goals in view as a roadmap for the accomplishment of overall project management strategy (Hermano & Martin-Cruz, 2019).

In the contrasting manner derived by Vanickova (2017), the PRINCE2 or Projects In Controlled Environment is a structured and formatted method of management of projects and processes that serves the essential factors for project management at the international and de-facto project standards for their effective execution and management.

The study is purposed at identifying the concepts of PMBoK and PRINCE....