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Changes in the 5th edition pmbok
1. Project management
Get to Know the PMBOK® Guide 5th Edition
Instructor
Kyriakidis George, MBA, MA, PMP,
PMI-RMP, MCP, CTP
Training manager in Human Asset
Certified trainer from IBSTPI-RABQSA
+306948064812
3. www.humanasset.gr
Why ?
• Include comments and feedback deferred
from 4th Edition update as appropriate
• Edit for greater consistency and clarity
• Harmonize with other PMI standards
• Ensure alignment with ISO 21500
4. www.humanasset.gr
Major differences
• Processes increased from 42 to 47
– Planning processes
• 5.1 Plan Scope Management
• 6.1 Plan Schedule Management
• 7.1 Plan Cost Management
– Added chapter on stakeholders with two new
processes
13.2 Plan Stakeholder Management
13.4 Control Stakeholder Engagement
• Third chapter in Fourth Edition is now an ISO
standard
– Becomes an appendix (annex) in 5th edition
7. www.humanasset.gr
Plus…
• Two Process Name Changes
– 10.4 Manage Stakeholder Expectations-> 13.3
Manage Stakeholder Engagement & 13.4 Control
Stakeholder Engagement
– 9.1 Develop Human Resources Plan -> 9.1 Plan
Human Resource Management
• Some glossary definitions are shorter
– Glossary is 5 pages less
9. www.humanasset.gr
Data model
Redefined
• Work performance data – raw observations &
measurements
• Work performance information – data that has
been analyzed
• Work performance reports – physical or
electronic compilations of information
10. www.humanasset.gr
• Verify Scope to Validate Scope
More than accepting deliverables; they must add
value and fulfill project objectives
12. www.humanasset.gr
New section 1.6 Business Value
• Entire value of the business
– Tangible
• Monetary assets
• Fixtures
• Stockholder equity
– Intangible
• Good will
• Brand recognition
• Trademarks