Project Management Best Practices

MPMM helps you implement Project Management Best Practices, because it's aligned with the worldwide best practice Project Management standards: PMBOK® (Project Management Body of Knowledge) and PRINCE2® (PRojects IN Controlled Environments).

By aligning with these standards, MPMM has become a leader in the Project Management Methodology market. We will explain more about this alignment below.

What is PMBOK? How are MPMM and PMBOK aligned? What is PRINCE2? How are MPMM and PRINCE2 aligned?

Best Practice Project Management

What is PMBOK?

With more than 150,000 members in over 150 countries, the Project Management Institute (PMI) is the world's foremost advocate for the project management profession. Created by the PMI, the Project Management Body of Knowledge (PMBOK) is a collection of processes and knowledge areas widely accepted as best practice within the project management discipline. The PMBOK is an internationally recognized standard (IEEE Std 1490-1998) and includes five basic Project Management processes; Initiating, Planning, Executing, Controlling and Closing

How are MPMM and PMBOK aligned?

By creating the MPMM Phases in parallel with the PMBOK Process Groups, we have been able to achieve a tight alignment between the Method123 Project Management Methodology (MPMM) and the worldwide Project Management Body of Knowledge (PMBOK). Where the PMBOK shows you what you need to do, MPMM shows you how to do it.

For each core process in the PMBOK, MPMM has an equivalent step. The following table illustrates the alignment between the MPMM and PMBOK Lifecycles:

PMBOK MPMM Initiating Processes Develop Project Charter Establish the Terms of Reference Develop Preliminary Project Scope Statement Establish the Terms of Reference Planning Processes Develop Project Management Plan Create a Project Plan Scope Planning Create a Project Plan Scope Definition Create a Project Plan Create WBS Create a Project Plan Activity Definition Create a Project Plan Activity Sequencing Create a Project Plan Activity Resource Estimating Create a Resource Plan Activity Duration Estimating Create a Project Plan Schedule Development Create a Project Plan Cost Estimating Create a Financial Plan Cost Budgeting Create a Financial Plan Quality Planning Create a Quality Plan Human Resource Planning Create a Resource Plan Communications Planning Create a Communications Plan Risk Management Planning Create a Risk Plan Risk Identification Create a Risk Plan Qualitative Risk Analysis Create a Risk Plan Quantitative Risk Analysis Create a Risk Plan Risk Response Planning Create a Risk Plan Plan Purchases and Acquisitions Create a Procurement Plan Plan Contracting Create a Procurement Plan Executing, Monitoring and Controlling Processes Direct and Manage Project Execution Build Deliverables Perform Quality Assurance Perform Quality Management Acquire Project Team Appoint the Project Team Develop Project Team Appoint the Project Team Information Distribution Perform Communications Management Request Seller Responses Contract the Suppliers Select Sellers Contract the Suppliers Monitor and Control Project Work Monitor and Control Integrated Change Control Perform Change Management Scope Verification Perform Change Management Scope Control Perform Change Management Schedule Control Perform Change Management Cost Control Perform Cost Management Perform Quality Control Perform Quality Management Manage Project Team Perform Time Management Performance Reporting Perform Communications Management Manage Stakeholders Perform Communications Management Risk Monitoring and Control Perform Risk Management Contract Administration Perform Procurement Management Closing Processes Close Project Perform Project Closure Contract Closure Perform Project Closure Key Knowledge Areas Project Integration Management All Project Life Cycle Processes Project Scope Management Project Change Management Project Time Management Project Time Management Project Cost Management Project Cost Management Project Quality Management Project Quality Management Project Human Resource Management Create a Resource Plan Project Communications Management Project Communications Management Project Risk Management Project Risk Management Project Procurement Management Project Procurement Management (none) Project Issue Management (none) Project Acceptance Management

PMBOK Comparison Matrix

What is PRINCE2?

PRINCE2 (PRojects IN Controlled Environments) is the UK best practice project management standard. Used extensively by the UK Government and widely recognized in the private sector, PRINCE2 includes the following Project Management processes:

• Starting up a Project
• Initiating a Project
• Planning
• Directing a Project
• Controlling a Stage and Managing Product Delivery
• Managing Stage Boundaries
• Closing a Project

How are MPMM and PRINCE2 aligned?

As PRINCE2 was initially created to manage UK government IT projects and MPMM was created to accommodate all industries worldwide, MPMM and PRINCE2 describe the Project Life Cycle using slightly different terminology. It is however fair to say that the core processes within MPMM and PRINCE2 are aligned.

The following table describes the alignment between MPMM and PRINCE2 in more detail:

PRINCE2 MPMM Starting Up and Initiating a Project Appointing a Project Board Executive and a Project Manager Appoint the Project Team Designing a Project Management Team Appoint the Project Team Appointing a Project Management Team Appoint the Project Team Preparing a Project Brief Develop a Business Case Defining Project Approach Establish the Terms of Reference Planning an Initiation Stage Create a Project Plan Planning Quality Create a Quality Plan Planning a Project Create a Project Plan Refining the Business Case and Risks Develop a Business Case Setting up Project Controls Set up the Project Office Setting up Project Files Set up the Project Office Assembling a Project Initiation Document Establish the Terms of Reference Planning and Directing a Project Designing a Plan Create a Project Plan Defining and Analyzing Products Establish the Terms of Reference Identifying Activities and Dependencies Create a Project Plan Estimating Create a Project Plan Scheduling Create a Project Plan Analyzing Risks Create a Risk Plan Completing a Plan Create a Project Plan Authorizing Initiation Perform Phase Review Authorizing a Project Perform Phase Review Authorizing a Stage or Exception Plan Perform Phase Review Giving Ad-Hoc Direction Monitor and Control Confirming Project Closure Complete Project Closure Actions Controlling a Stage and Managing Product Delivery Authorizing a Work Package Perform Phase Review Assessing Progress Monitor and Control Capturing Project Issues Perform Issue Management Examining Project Issues Perform Issue Management Reviewing Stage Status Perform Phase Review Reporting Highlights Perform Phase Review Taking Corrective Action Perform Phase Review Escalating Project Issues Perform Issue Management Receiving Completed Work Package Acceptance Management Accepting a Work Package Acceptance Management Executing a Work Package Build Deliverables Delivering a Work Package Build Deliverables Managing Stage Boundaries Planning a Stage Create a Project Plan Updating a Project Plan Create a Project Plan Updating a Project Business Case Develop a Business Case Updating the Risk Log Perform Risk Management Reporting Stage End Perform Phase Review Producing an Exception Plan Perform Phase Review Closing a Project Decommissioning a Project Perform Project Closure Identifying Follow-on Actions Complete Project Closure Actions Project Evaluation Review Undertake a Post Implementation Review

Prince2 Comparison Matrix

If you want to implement project management best practice within your organization, then select your MPMM Edition below...

• Professional Edition
• Standard Edition
• Educational Edition