Project Management Practices
While the project management life-cycle describes WHAT needs to be done during the course of the project, the project management practices provide guidance about HOW to perform the necessary activities and produce the required project management deliverables. A project management practice is a collection of techniques, processes, and tools applicable to a specific aspect of managing the work effort, such as schedule or issue management. The following project management practices are applied throughout the PMAP life cycle:
This practice deals with building a comprehensive and realistic schedule and budget for the project and then managing schedule and budget projections accurately throughout the project life cycle.
This practice deals with tracking changes to the commitments made to the project, whether in terms of agreed-upon baseline (that is, the scope, schedule and budget approved at Phase Gate Reviews) or in terms of previously approved deliverables. This practice also deals with managing commitment variances.
This practice deals with documenting, tracking and resolving all project issues, especially the ones that may impact the project baseline.
This practice deals with collecting, storing and managing information generated by and about the project, and capturing historical information in a repository for future use or analysis.
Project Governance deals with defining accountabilities and responsibilities for strategic decision-making for a project, whereas Acceptance Management deals with ensuring that every deliverable produced by the project fully meets the needs of the client. Gaining client acceptance of deliverables produced will help ensure total success of the project.
Project Governance functions are performed by the project manager, project owners and project sponsors, especially as they occur during the phase gate process. Acceptance Management focuses on planning for and managing the deliverable approval process in all phases.
Governance happens at all levels in the organization. The project managers have the responsibility to make sure that project governance is consistently applied on a project and all appropriate players are involved.