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Project management software, Cost accounting, Project tracking system

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Project Management Body of Knowledge (PMBOK)

Term Definition
In a general sense, the project management “body of knowledge” would refer to all standard, generally accepted project management information and practices. Typically, however, references to the PMBOK are actually referring to the Project Management Body of Knowledge Guide, a publication from the Project Management Institute (PMI).

The PMBOK® Guide
The PMBOK® Guide was first published in 1987 as a whitepaper in an effort to document the project management body of knowledge. The first edition as a book format appeared in 1996, and the 4th edition was released at the end of 2008.

The guide is an internationally regarded standard as one of the profession’s most essential resources. It is not intended to function as a “how-to” guide for project management, but rather as a handbook that documents five basic process groups and nine knowledge areas that are typical of good practice project management.

The five process groups are: Initiating, Planning, Executing, Controlling and Monitoring, and Closing.

The nine knowledge areas are: Project Integration Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management, Project Communications Management, Project Risk Management, and Project Procurement Management.

The PMBOK® Guide has been recognized by several well-respected organizations, including the American National Standards Institute (ANSI), the Institute of Electrical and Electronics Engineers (IEEE), and the International Organization for Standardization Technical Report.

Related Terms
Project Management Institute
PRINCE2

External Links
Project Management Institute

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Guest Speaker : Randy Mysliviec, CEO, RTM Consulting


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"Tenrox is the most robust and forward -thinking project workforce management product I have seen for addressing our project workforce management, billing and cost accounting needs. We expect a full return on our investment in less than six months, just for the first phase of implementation."

Russ H.
EVP and Co-founder
Synteract

Tenrox web based enterprise project management software is a modular solution that helps simplify your, project planning, project tracking, project accounting, expense tracking, enterprise resource / capacity planning, and time and billing.

Traditional project planning and project management software tools put the burden of creating and updating project plans on the managers shoulders. Tenrox makes your project planning and management quicker and easier by using simple and effective workflow tools to help you get the job done quicker and easier.

Our online business project planning and project accounting system is workflow-driven and replaces the spreadsheets and band-aid applications that leave your project-driven work force and processes disconnected. With work breakdown structures to mirror the way you do business, Tenrox allows you to easily map your projects to your corporate structures: Capture and track project data at any level of detail, mirror every business operation area with distinct functional and approval hierarchies, and summarize or drill down into your project workforce financials. Tenrox is the perfect online enterprise project management software solution to align your projects and workforce with your business goals.

With online project management tools by Tenrox, you obtain real-time information on costs, expenses, revenue, profits, project status, schedules and issues, ensuring successful project management planning and delivery. Tenrox Project Workforce Management Software meets the needs of both service organizations for professional services automation and for internal project management offices so you can manage and view both process and financial impact in real time.

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