Project Management Concepts 📋

Compliance 📜

In project management, compliance means adhering to various requirements and guidelines to ensure project success.

• Delivering product scope aligned with project constraints and strategic objectives
• Meeting project and product requirements for the organization and stakeholders
• Following PMO guidance on project management practices
• Adhering to organizational rules (health, safety, HR, etc.)
• Complying with external regulatory rules and guidance

Value Chain 🥧

A value chain is a series of steps from inception to delivery that creates a product, ensuring value at each step.

Value Stream Mapping 🔄

A lean concept where the project team visualizes and analyzes all steps in product delivery to eliminate waste and improve efficiency.

System 🔗

A system is a group of interdependent items or activities that work together. Some parts may function independently, while others rely on the system.

Complexity 🧩

Projects are complex due to many interrelated parts, stemming from the project itself and the broader systems within organizations and society.

Business Environment Domain 🌍

The business environment encompasses people and processes. It’s critical to think holistically about the Examination Content Outline (ECO) tasks.

• Process Domain: Planning and managing integration, constraints (scope, schedule, cost, quality, resources), procurement, and risks.
• People Domain: Leadership, building high-performance teams, stakeholder engagement, and servant leadership.
• Business Environment: Delivering value, supporting organizational change, adapting to external changes, and ensuring knowledge transfer.