Managing Successful Projects - Assignment ExampleThe project management approach outlines more than 40 processes that are necessary for project management and group the processes into distinct process categories and “Knowledge areas†(Zarafani 2011, 38). The standard’s process categories are “initiating, planning, executing, monitoring and controlling, and closing†of projects while knowledge bases are “project integration, scope, time, cost, quality, human resources, communication, risk, and procurement management†(Zarafani 2011, 38). The Knowledge scope has further been extended to include “project safety, environmental, financial, and claim management†(Zarafani 2011, 38). The approach values project requirements from stakeholders’ perspectives and considers clients’ level of utility, control measures, periodic improvements, and prime management’s initiatives throughout projects. It however deals with a single project at a time (Zarafani 2011, 39).
