PMP was developed by

PMI(Project Management
1- Initiating. 1-Project Kickoff Meeting PMP
Institute -USA) in 1984
Phases of Project (Project Management and the first PMBOK was
2 -Planning. 2-Project Charter Signoff
History of Professional) released during this Time
3- Executing. 3-Project SOW Signoff
Project Management
4-Monitoring 4-Project Schedule Signoff PRINCE2 was launched in
and Controlling.
Standards 1996 under the
5-Project Closure PRINCE2
sponsorship of UK
(Projects in Controlled Govt.The copyright of
5 -Closing.
6-Project Sign Off Environment) PRINCE2 is with OGC(UK)
1-ProjectIntegration 1 -Starting up a Project
Management
2-Initiating a Project
2.-Project Scope Management Management Management
3- Directing a Project
3 -Project Time Management Process Groups Process Groups
of PMP of PRINCE2 4- Controlling a Stage
4 - Project Cost Management 5- Managing
Product Delivery
5-Project Quality Management
6- Managing a
Stage Boundaries
6- Project Human Resource
Management 7- Closing a Project
7- Project Communications PMP Knowledge
Management Areas Project Management 1 -Continued business justification

8 -Project Risk Management

Methodologies PRINCE2 Core 2 - Manage by exception
Principles 3 - Learn from experience
9-Project Procurement
Management 4- Defined roles and
Documents for responsibilities
10-Project Stakeholder
Management Project Management 5- Manage by stages

6 -Focus on products
Project Charter 7 -Tailoring
Project Signoff
Change Management
No overlapping of
Organisational Structure Resources
Well defined Scope
Critical Success
RCA(Ishikawa Diagram)
Factors SOW matching Stakeholder
Mindmaps Of a Project expectations
WBS - Decision Tree Analysis
Quantitative
Project Schedule - Monte Carlo Analysis Approved Project Schedule
(Numerical analysis)
Daily Log
- Expected Monetary Value Well designed Risk analysis Process
Risk Analysis Analysis(EVM)
Lessons Learnt Log Qualitative Freezed SOW
Risk Techniques: (Prioritizing Risks - Tornado Diagram
Quality Register - Accept based on Impact x Well designed HLD,LLD
- Avoid Probability of Hardware avalability
Issue Log
- Mitigate Occurrence) - Probability x Impact Matrix
Risk Register - Transfer Budget allocation on Time

The Author Wajahat Iqbal holds the Copyright of this document(March 2016) and it can be shared/published as long as credit is given to the author.
The Source of this Information is Author experience in Project Management and Internet repositories. Any Error is regretted