Monday, February 18, 2013

PMBok 5th edition changes

Here is the list of main changes:

  • New knowledge area called ‘Stakeholder Management’ 
  • 5 new processes have been added (going from 42 to 47 Processes)
  • Definition of a Project Management Office (PMO) expanded.
  • Project life cycles expanded.
  • Direct and Manage Project Execution’ changed to ‘Direct and Manage Project Work’
  • Addition of ‘Plan Scope Management process’
  • ‘Verify Scope’ changed to ‘Validate Scope’
  • Addition of ‘Plan Schedule Management’
  • Addition of ‘Plan Cost Management’
  • 'Plan Quality’ changed to ‘Plan Quality Management’
  • ‘Perform Quality Control’ changed to ‘Control Quality’
  • ‘Develop Human Resource Plan’ changed to ‘Plan Human Resource Management’
  • ‘Monitor and Control Risks’ changed to ‘Control Risks’
  • ‘Plan Procurements’ changed to ‘Plan Procurement Management’
  • ‘Administer Procurements’ changed to ‘Control Procurements’
  • Addition of ‘Plan Stakeholder Management’
  • ‘Manage Stakeholder Expectations’ changed to ‘Manage Stakeholder Engagement’
  • Addition of ‘Control Stakeholders Engagement’
  • ‘Work performance measurement’ changed to ‘Work performance data’
  • ‘Positive Risk’ changed to ‘Opportunity’
.

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Project Management Body of Knowledge (PMBOK) Guide outlines standards and best practices that project management professionals must know and adapt towards achieving successful outcomes on each of the individual projects they manage. I also took my Online PMP Classes from PMstudy. You can have a look at their offerings.

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