PMBoK guide - changes in 5th edition

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The latest changes in PMBok 5th edition

The latest changes in PMBok 5th edition

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  • 1. PMBOK Guide - Changes in 5th EditionWebinar 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/pmptraininghttps://facebook.com/managementscholarsacademy11-Mar-13 Management Scholars Academy 3
  • 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 processes11-Mar-13 Management Scholars Academy 4
  • 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)11-Mar-13 Management Scholars Academy 5
  • 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 practices11-Mar-13 Management Scholars Academy 6
  • 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’11-Mar-13 Management Scholars Academy 7
  • 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 operations11-Mar-13 Management Scholars Academy 8
  • 9. Changes in PM Framework - 5• Project Team – Dedicated – Part-time• Project life cycle – Sequential – Overlapping – Predictive – Iterative and incremental – Adaptive (Agile)11-Mar-13 Management Scholars Academy 9
  • 10. Project Integration Management PROJECT INTEGRATION MANAGEMENT CHANGESFourth Edition Sections Fifth Edition Sections4.1 Develop Project Charter 4.1 Develop Project Charter4.2 Develop Project Management 4.2 Develop Project ManagementPlan Plan4.3 Direct and Manage Project 4.3 Direct and Manage ProjectExecution Work 4.4 Monitor and Control Project4.4 Monitor and Control Project work work4.5 Perform Integrated Change 4.5 Perform Integrated Changecontrol control4.6 Close Project or phase 4.6 Close Project or phase 11-Mar-13 Management Scholars Academy 10
  • 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 Scope11-Mar-13 Management Scholars Academy 11
  • 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 Schedule11-Mar-13 Management Scholars Academy 12
  • 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 Cost11-Mar-13 Management Scholars Academy 13
  • 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 Quality11-Mar-13 Management Scholars Academy 14
  • 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 Team11-Mar-13 Management Scholars Academy 15
  • 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 Communications11-Mar-13 Management Scholars Academy 16
  • 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 Risks11-Mar-13 Management Scholars Academy 17
  • 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 Procurements11-Mar-13 Management Scholars Academy 18
  • 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 Engagement11-Mar-13 Management Scholars Academy 19
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