The latest changes in PMBok 5th edition

1. PMBOK Guide - Changes in 5th Edition
Webinar on 27th Feb 2013

2. 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

3. http://msacademy.in/
http://msacademy.in/pmp.htm
http://msacademy.in/wordpress
http://msacademy.in/pmptraining
https://facebook.com/managementscholarsacademy
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4. 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 processes
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5. 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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6. 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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7. Changes in PM Framework - 3
• 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’
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8. Changes in PM Framework - 4
• 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
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9. Changes in PM Framework - 5
• Project Team
– Dedicated
– Part-time
• Project life cycle
– Sequential
– Overlapping
– Predictive
– Iterative and incremental
– Adaptive (Agile)
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10. Project Integration Management
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 4.2 Develop Project Management
Plan Plan
4.3 Direct and Manage Project 4.3 Direct and Manage Project
Execution Work
4.4 Monitor and Control Project
4.4 Monitor and Control Project work work
4.5 Perform Integrated Change 4.5 Perform Integrated Change
control control
4.6 Close Project or phase 4.6 Close Project or phase
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11. 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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12. Project Time Management
PROJECT TIME MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
6.1 Plan Schedule
Management
6.1 Define Activities 6.2 Define Activities
6.2 Sequence Activities 6.3 Sequence Activities
6.4 Estimate Activity
6.3 Estimate Activity Resources Resources
6.4 Estimate Activity Durations 6.5 Estimate Activity Durations
6.5 Develop Schedule 6.6 Develop Schedule
6.6 Control Schedule 6.7 Control Schedule
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13. 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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14. 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
8.2 Perform Quality Assurance Assurance
8.3 Perform Quality Control 8.3 Control Quality
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15. Project Human Resource
Management
PROJECT HUMAN RESOURCE MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
9.1 Develop Human Resource 9.1 Plan Human Resource
Plan 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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16. Project Communications
Management
PROJECT COMMUNICATIONS MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
10.1 Identify Stakeholders Moved to 13.1
10.1 Plan Communications
10.2 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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17. Project Risk Management
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 11.3 Perform Qualitative Risk
Analysis Analysis
11.4 Perform Quantitative Risk 11.4 Perform Quantitative
Analysis Risk Analysis
11.5 Plan Risk Responses 11.5 Plan Risk Responses
11.6 Monitor and Control Risk 11.6 Control Risks
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18. Project Procurement
Management
PROJECT PROCUREMENT MANAGEMENT CHANGES
Fourth Edition Sections Fifth Edition Sections
12.1 Plan Procurement
12.1 Plan Procurements 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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19. 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 13.3 Manage Stakeholder
Expectations Engagement
13.4 Control Stakeholder
Engagement
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