Advantages Of Pmbok Based Project Management

Project management is an art. Project can be completed without project management but project management increases the probability of success. In this section, we will discuss about the various advantages of the PMBOK® based project management methodology in detail.

Most widely recognised Project management standard: PMI approach of plan driven methodology based on PMBOK is most widely recognised project management approach in the industry. It covers all important areas of project and provides in depth guidance on all vital activities. It is also one of the base for any new methodologies. This enables it to work as de facto standard for project management and also helps in standardization.

Detailed planning: PMBOK® based plan driven approach

Standardize Project artifacts: PMI methodology provides list of artifacts required in various phases and what information they contain. This makes planning more robust.

Minimum client time: PMI approach does not require constant client interaction like Scrum. Hence client can concentrate on daily activities and only needs to be involved during certain planned phases. This is also one of the major criteria that clients prefer planned approach, as they need to concentrate on their daily work and cannot be involved in the projects for the entire duration.

Clear Responsibility and Accountability: Roles and responsibility are clear defined in PMI approach. This leads to better control in project and effective decision making. There is no confusion about who is accountable for what and saves the delays.

Easy to change people: Due to better planning and documentation, it enables easy to change people on the project without increasing the risk significantly. Since this methodology makes project more process dependent than people dependent, changing of the resources and the team is possible. Also, it is possible to have experts for the specific parts of the

Including the project management office in the small projects increases complexity and costs for the client. As well as, time is increased due to controls placed by planned approach.

Detailed planning: While detailed planning is an advantage, sometimes organization tends to get involved with too much detailed planning and it impacts the project.

No or little Agility: Changes are welcome only till planning stage, any deviation or requirement change after that stage must go through cumbersome change management process. It assumes that requirements are not changed frequently which is not true especially for the software project management.

Costs overhead: PMI approach leads to additional costs for managing project which can increase with the complexity of the project. In big projects, such costs are not much of an issue but for smaller projects client may not feel comfortable with the cost overhead. For a small organization or a smaller project, having a project manager is a huge cost.

Creative boundaries: Due to robust planning and control it limits the creativity or ability to find out of the box solutions for a problem. Any out of the box solution has to go through approval cycles and takes longer time to be