Synaxiom Media Group Inc.

Project management can be defined as the application of skills, techniques, tools and knowledge to a broad range of activities in order to satisfy the needs and requirements of a given project.

Industry Standards place IT Project Management into Five Process Groups and Nine Knowledge areas:

5 Process Groups:

1. Initiating
2. Planning
3. Executing
4. Controlling
5. Closing
   

9 Knowledge Areas:

1. Project Integration Management: is a combination of processes that are needed to ensure that different elements of a project be coordinated properly. It also involves making choices and tradeoffs between competing objectives, analysis of opportunity costs in order to meet the project requirements and expectations of the client.
2. Project Scope Management: includes the processes needed to ensure that the project includes only the work required to complete the project successfully.
3. Project Time Management: includes the processes needed to manage time effectively in order to better achieve project objectives within established timelines.
4. Project Cost Management: includes the processes needed for optimizing the utilization of budget in order to maximize its effectiveness and achieve successful project implementation.
5. Project Quality Management: includes the QC/QA processes needed to guarantee the quality of the project be to industry standards.
6. Project Human Resource Management: processes needed to ensure proper HR application to task in order to maximize productivity and efficiency.
7. Project Communications Management: is one of the essential functions in the implementation of a project and project managers must create and effectively use a communication plan that performs two principle functions: collects the right data and disseminates appropriate information in a timely manner.
8. Project Risk Management: seeks to anticipate and address uncertainties that threaten the goals and timetables of a project.
9. Project Procurement Management: includes a set of processes that manages make-or-buy decisions that can drastically affect the bottom line. Through best practices procurement management can be broken down into the following 6 steps:
   • plan purchases and acquisitions
   • plan contracting
   • request seller response
   • select sellers
   • contract administration
   • contract closure

What are Industry Best Practices?

Industry best practices are the activities, methods, approaches and strategies that have been proven through research, evaluation and practice to be effective in a given industry.

At SynAxiom Group we employ a well defined, reliable process to accurately scope and cost Projects --a process that insures strict adherence and close understanding of timeline, budgets and requirements.

We strive to provide accurate Project fees as early as possible in our Project evaluation process.