4.1: Project Selection
This chapter gives a more detailed introduction to the Project Management Body of Knowledge (PMBOK). You will also learn about the work of the Project Management Institute (PMI), the organization that authors and maintains the PMBOK. Pay attention to the final section on project management offices (PMO).
This video discusses the first of the five process groups defined by the PMBOK Guide, which is initiating the project. The other four process groups are planning, executing, monitoring/controlling, and closing. You will see other videos about the remaining four process groups later in this course. Note that this video is titled incorrectly on YouTube; it actually refers to project initiation rather than implementing a PMO.
The majority of this chapter will be a review for you. Feel free to skim the information you already know, but pay attention to the section on project charters and examine the example project charters and template at the bottom of the page.
The project charter is a statement of the scope, objectives, and participants in a project. It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the project manager's authority. It serves as a reference of authority for the future of the project. You can download this document to see an example of a project charter.