Whether or not you eventually pursue your Project Management Institute (PMI) certification(s) in the professional project management discipline, the more you understand the individual bodies of knowledge or concentrations, the greater value you can bring to your organization as a project manager or project team member. Many senior executives and CEOs indicate they want and need more holistic thinkers who can gain knowledge of many areas of the corporation outside of their primary concentration area (finance, supply chain, IT, etc.) and then apply it to solve business problems and bring new capabilities to bear. As you study the PMBOK concentrations and the associated techniques or practices, you will have the opportunity to become more holistic thinkers and practitioners.
Instructions
Review the Week 2 Resources area and review the websites – for PMBOK. Consider doing some additional research and investigate the areas within the PMBOK to familiarize yourself with the wide variety of practices and knowledge areas.
Then write a 2 to 3 page paper (approximately 600-900 words) which addresses the following questions related to PMBOK:
Why do you think it is important for a project manager to have both a deep and wide understanding of the core areas of the PMBOK?
Describe how at least three practices in the procurement and cost management areas of the PMBOK have a direct or indirect impact on the project integration, scope, and time executional areas of the PMBOK e.g., temporary labor contracts would directly affect the project timeline if they limited this important resource group to 10 hours per week.
