keenly felt than ever before due to the impact of globalisation and the
ever-increasing challenges in executing projects.
Project Management is at once a science and an art. It is a science because
there are many scientific techniques available to fine tune projects towards
profit maximization with a minimal cost structure without compromising
Project Management is an art because we practice and perfect certain
concepts to evolve a highly skilled methodology to meet the project objectives
efficiently and effectively.
Till recently, the emphasis has been on the concept of Management by
Objectives (MBO) which focuses on a set of tangible, verifiable and
measurable goals to motivate people to produce their best rather than
controlling them. Nowadays, there has been a paradigm shift to the concept
of Management by Projects (MBP) to encompass the requirements of cost
reduction, timely completion, profit maximization, quality improvement,
The practical study guide ‘Road to Success’ – Project Management, PMP®
is aimed at sharpening the project management skills of the aspiring Project
Management Professionals, PMP® and guiding them towards certification.
‘Road to Success’ – Project Management, PMP® has been modelled on the
lines of PMBOK 5th Edition. We have taken some of the key concepts and
techniques addressed in PMBOK and provided them in a condensed format
along with many real life scenarios and examples.
This book describes all the process groups and knowledge areas as per
PMBOK apart from additional chapters like ‘General Management Skills’,
‘Operation Research’ and ‘Fundamentals of Costing’. These chapters enable
project managers to acquire basic information which is fundamental to the
understanding of Project Management principles and techniques.
While discussing Project Time Management, a study of PERT/CPM,
Simulation Techniques and Decision Making Processes have also been
included. Similarly, while discussing Project Cost Management, Earned
Value Management concepts have also been discussed in great depth to
enhance the skills of the readers.
Practice questions are included at the end of each chapter to assess the
understanding and assimilation of the project management concepts by the
candidates. A great deal of thought and planning has gone into each one of
the questions that can be found on this book. The subject matter experts
who have spent hours coming up with the questions after each topic have
drawn upon their collective experiences in their respective fields to create
almost real life scenarios to test the ability of students to think and act in
any given situation. Answers to these questions are provided at the end of
The contents of this book have been researched from various sources
available on the subject. A bibliography is provided at the end of the book to
illustrate the various books of reference that have been used.