Project Management Body of Knowledge (PMBOK)

The Project Management Body of Knowledge or PMBOK is a document that contains best practices, standard terminologies and process guidelines around project management which is as defined by the Project Management Institute (PMI). This body of knowledge was created to evolved over time and it is recognized internationally to be an essential resource for project managers. 
The PMBOK outlines 49 processes which are categorized into ten knowledge areas and five process groups in a matrix structure. The guide covers majority of the topics which are specific to project management but does not include broader themes like management science, staffing, budgeting, planning, financial forecasting and organizational behavior.
According to PMBOK, the phases of a project are inputs, tools and techniques and outputs. These are used to create a general lifecycle of a project in order to find the project techniques and management steps. PMBOK plays a vital role for aspiring and continuing project managers and especially for those individuals who wish to achieve PMP or CAPM certifications.

The process groups utilized by PMBOK to categorize operations of general management which is required to oversee a project or run an enterprise includes initiating, planning, executing, monitoring and controlling, and closing. These five groups are broken down into ten knowledge areas such as project integration management, project scope management, project cost management, project quality management, project resource management, project communications management, project risk management and project stakeholder management.

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