pmbok guide - changes in 5th edition
DESCRIPTION
The latest changes in PMBok 5th editionTRANSCRIPT
PMBOK Guide - Changes in 5th Edition
Webinar on 27th Feb 2013
Agenda
About MS Academy
Changes in PMBoK 5th edition – Overview
Changes in PM framework
Changes in Knowledge areas
How to prepare for PMP with 5th edition
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Changes in PMBok 5th edition - Overview
• ‘Generally recognized’
• ‘Good Practices’
• ‘Guide to the’ body of knowledge
• Many new concepts in PM framework
• Process name changes to improve consistency
• Additional material in HR and Risk management
• More illustrations throughout the book
• 1 New knowledge area and 5 new processes11-Mar-13 4Management Scholars Academy
Changes in PM Framework - 1
• Organizational Project Management –Strategy execution framework
• PMO
– Supportive – Provide templates, guidance (L)
– Controlling – Help adopt to methodologies (M)
– Directive – Directly manages projects (H)
• Operational Stakeholders
• Project Based Organizations (PBOs)
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Changes in PM Framework - 2
• Business Value creation and realization
– Tangible / Intangible
– Short Term, Medium Term, Long Term
– Create business value through operations
– Obtain greater business value through
• Better portfolio, Program and Project management
• Portfolio strategy alignment and optimization
• Strengthening enablers such as structures, cultural, technological and HR practices
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• General management skills replaced with interpersonal skills of a PM
• Organizational culture – In the context of Globalization
• Organizational communication – Through Email, IM, SMS, VC, Social media
• OPA – Processes and Procedures + ‘Corporate Knowledge base’
Changes in PM Framework - 3
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• Project Governance
– Oversight function that provides framework for
• Project success definition and acceptance criteria
• Issue resolution
• Change management
• Decision making etc.
• Project Success– PM’s responsibility to set definition of success referring to
last approved baseline and accomplish them
– Soft launch before handing over to operations
Changes in PM Framework - 4
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• Project Team
– Dedicated
– Part-time
• Project life cycle
– Sequential
– Overlapping
– Predictive
– Iterative and incremental
– Adaptive (Agile)
Changes in PM Framework - 5
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Project Integration Management
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PROJECT INTEGRATION MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
4.1 Develop Project Charter 4.1 Develop Project Charter
4.2 Develop Project Management Plan
4.2 Develop Project Management Plan
4.3 Direct and Manage Project Execution
4.3 Direct and Manage Project Work
4.4 Monitor and Control Project work4.4 Monitor and Control Project work
4.5 Perform Integrated Change control
4.5 Perform Integrated Change control
4.6 Close Project or phase 4.6 Close Project or phase
Project Scope Management
PROJECT SCOPE MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
5.1 Plan Scope Management
5.1 Collect Requirements 5.2 Collect Requirements
5.2 Define Scope 5.3 Define Scope
5.3 Create WBS 5.4 Create WBS
5.4 Verify Scope 5.5 Validate Scope
5.5 Control Scope 5.6 Control Scope
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Project Time ManagementPROJECT TIME MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections6.1 Plan Schedule Management
6.1 Define Activities 6.2 Define Activities6.2 Sequence Activities 6.3 Sequence Activities
6.3 Estimate Activity Resources6.4 Estimate Activity Resources
6.4 Estimate Activity Durations 6.5 Estimate Activity Durations6.5 Develop Schedule 6.6 Develop Schedule6.6 Control Schedule 6.7 Control Schedule
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Project Cost Management
PROJECT COST MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
7.1 Plan Cost Management
7.1 Estimate Costs 7.1 Estimate Costs
7.2 Determine Budget 7.2 Determine Budget
7.3 Control Cost 7.3 Control Cost
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Project Quality Management
PROJECT QUALITY MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
8.1 Plan Quality 8.1 Plan Quality Management
8.2 Perform Quality Assurance8.2 Perform Quality Assurance
8.3 Perform Quality Control 8.3 Control Quality
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Project Human Resource Management
PROJECT HUMAN RESOURCE MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
9.1 Develop Human Resource Plan
9.1 Plan Human Resource Management
9.2 Acquire Project Team 9.2 Acquire Project Team
9.3 Develop Project Team 9.3 Develop Project Team
9.4 Manage Project Team 9.4 Manage Project Team
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Project Communications Management
PROJECT COMMUNICATIONS MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
10.1 Identify Stakeholders Moved to 13.1
10.2 Plan Communications10.1 Plan Communications Management
10.3 Distribute Information 10.2 Manage Communications
10.4 Manage Stakeholder Expectations Moved to 13.3
10.5 Report Performance 10.3 Control Communications
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Project Risk Management
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PROJECT RISK MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
11.1 Plan Risk Management 11.1 Plan Risk Management
11.2 Identify Risks 11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses 11.5 Plan Risk Responses
11.6 Monitor and Control Risk 11.6 Control Risks
Project Procurement Management
PROJECT PROCUREMENT MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
12.1 Plan Procurements12.1 Plan Procurement Management
12.2 Conduct Procurements 12.2 Conduct Procurements
12.3 Administer Procurements 12.3 Control Procurements
12.4 Close Procurements 12.4 Close Procurements
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Project Stakeholder Management
PROJECT STAKEHOLDER MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
10.1 Identify Stakeholders 13.1 Identify Stakeholders
13.2 Plan Stakeholder Management
10.4 Manage Stakeholder Expectations
13.3 Manage Stakeholder Engagement
13.4 Control Stakeholder Engagement
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