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PM2 – overview of a EC Council project management methodology.

About a month ago the PM2 (Project Management Methodology) was approved by EC. The new standard actively implements both waterfall and adaptive project management models.

I consider the following as the main advantages of this new standard:

  • It is short and simple;
  • Standard is separated from tools and techniques; and from Portfolio management as well;
  • Clearly described roles;
  • Impressing clear for understanding illustrations;
  • It’s free!

After the short introduction and basic description in Chapter I, basic definitions and standard area are defined in Chapter II:

  • Project and project management definitions
  • Project Support Office
  • Project, programme, and portfolio management areas;
  • Project environment
  • Project manager competencies.

The third chapter contains general overview of project management methodology based on five-phase model:

initiating – planning – executing  – closing – monitoring 7 control.

Each phase is described in a classical way: inputs – tasks – outputs.

Adaptive (Agile) approach is described in a special Appendix E. PM2 and Agile, while interaction between project and portfolio management is in the Appendix D. PM2 and Portfolio Management. I consider this kind of description very precise and clear for understanding and implementation.

The fourth chapter describes typical project roles:

    • Project Stakeholders
    • Project Organisation and Roles
    • Appropriate Governance Body (AGB)
    • Project Steering Committee (PSC)
    • Project Owner (PO)
    • Solution Provider (SP)
    • Business Manager (BM)
    • Project Manager (PM)
    • Business Implementation Group (BIG)
    • Project Core Team (PCT)
    • Project Support Team (PST)
    • RAM (RASCI) — Documenting Responsibility Assignments

I am very impressed with clearness of roles description.

Chapters from 5th to 8th describes the consequent project management phases: initiating, planning, executing, closing, and monitoring and control.  The management phase descriptions are separated from tools and techniques, which are described in details in Appendix C  Project Management Tools & Techniques.

Appendix B contains structure for the main project documents:

  • Requirements Management Plan
  • Project Change Management Plan
  • Risk Management Plan
  • Issue Management Plan
  • Quality Management Plan
  • Communications Management Plan
  • Change Log
  • Risk Log
  • Issue Log
  • Decision Log

     

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