Tag: business

Decision Gates in Complex and Capital-intensive Project Life-cycle

Introduction It is generally agreed the five stages of project life cycle in project management, show here in the figure 1. This caters for generic and academic purposes as a definition of project management. Although this perception was not always the case; it became apparent for complex projects prior to the 1990s that it was… Read More Decision Gates in Complex and Capital-intensive Project Life-cycle

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A Story About Project Management Standards is the PMBOK 7th Edition

Introduction The PMBOK is the Project Management Body of Knowledge according to the Project Management Institute, PMI. The document contains a systematic approach to handling projects from inception to close out and decommissioning. Every several years, a new edition is published with changes to aid understanding by professionals. With the assumption that only few changes… Read More A Story About Project Management Standards is the PMBOK 7th Edition

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