Project Management Body of Knowledge Changes to PMBOK ® from Version 4 to Version 5 PMP, CAPM,...

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  • Project Management Body of KnowledgeChanges to PMBOK from Version 4 to Version 5PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Note for Kamran: animate bullets from narration in this slide or a new slide

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*IntroductionPMBOKGuide 5th Edition publishedSee Appendix X1 in PMBOK Guide 5th Edition for detailshttp://www.pmi.org/~/media/PDF/Standards/Appendix_X1_ED_Final_Draft_baseline-3_EDver_021412_clean.ashxDownload the PMBOKGuide 5th Edition from the PMI website (for PMI members only)

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Why the changes?New developmentsRole Delineation Study (RDS)Keep the certification and exam up to date

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*New Knowledge AreaStakeholder ManagementChapter 13 Of PMBOKGuide 5th EditionEmphasizes Stakeholder Management as a distinct functionNote for Kamran...can we do an animation showing the split of stakeholder management from communication management?

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*10 Knowledge Areas in PMBOK 5Note for Kamran...can we do an animation here that highlights each knowledge area as its being mentioned in the narration?

    Knowledge Area1. Integration Management2. Scope Management3. Cost Management4. Time Management5. Quality Management6. Risk Management7. Human Resource Management8. Communications Management9. Procurement Management10. Stakeholder Management

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Rules for Handling Inputs, Tools and Techniques, and Outputs (ITTOs)Business rules have been establishedFundamental RulesProject Document RulesProject Management Plan RulesSequencing RulesITTO terminology redefined

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Redefinition of Project Management Work Execution DataRedefined for clarityWork Performance Data, Work Performance Information, and Work Performance Reports

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*5 New ProcessesFive planning processes have been added:4 Planning processes: Plan Scope ManagementPlan Schedule ManagementPlan Cost ManagementPlan Stakeholder Management

    1 Monitoring and Controlling process:Control Stakeholder EngagementNote for Kamran...can we do an animation here that shows process numbers going from 42 to 47

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Processes RenamedMany processes have been renamedPlan {XXX} Management processesControl {XXX} processesNote for Kamran...animate New processes and process renames mentioned in the narration.

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Glossary UpdatesClarify meanings Eliminate unneeded termsEnsure alignment with PMI lexicon

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*Data Flow DiagramsData Flow Diagrams updated

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • Exam Cutover DatePMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

    Exam DatePMBOK Guide to useBefore July 31, 2012PMBOK Guide 4th EditionOn or after July 31, 2012PMBOK Guide 5th Edition

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

  • PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*AdviceDecide on exam dateStudy from correct PMBOKGuideUnderstand the changes

    PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK are registered marks of Project Management Institute, IncInov8Solutions Inc Quality Educational Services For Professionalswww.Inov8Solutions.com1-*

    December 2012 Project Management Institute (PMI) released version 5 of their Project Management Body of Knowledge (PMBOK).

    In this chapter, we will discuss the following topics:

    Scope of changes reflected in PMBOK 5Role Delineation study by PMINew Knowledge Area introduced in this releaseRules for handing Inputs, Tools and Techniques, and OutputsRedefinition of Project Management Work Execution DataNew processesRenaming of processesGlossary UpdatesData Flow DiagramsExam cutover dateAdvice on studying and taking the exam

    The scope of the updates made in The project management body of knowledge guide 5th Edition (referred to as PMBOK 5 from here on) spans changes in terminology, a new Knowledge Area, new processes, establishment of rules for handling Inputs, Tools and Techniques, and Outputs, glossary updates, and updates to Data Flow Diagrams PMI members may download PMBOK 5, for free, from PMIs website PMBOK 5 is now also available in hard copy for members of PMI and non-members alike Appendix X1 (p. 463 to p. 482) in PMBOK 5 describes all the changes in detail You might be wondering why PMI has made changes to the PMBOK. Just like any other profession, Project Management is a dynamic discipline that is constantly evolving. An ever-changing business environment, new technologies, and new standards necessitate updates to the practice of Project Management. Naturally, changes in the practice of Project Management requires changes to the PMP credential and exam. For this purpose, PMI conducts a Role Delineation Study (RDS) every 5 to 7 years. The purpose of the RDS is to assess what changes need to be made to the PMP credential so that it aligns with and reflects the way experienced project managers are conducting Project Management around the world. Another reason for the RDS is to ensure compliance with the PMP credentials accreditation against the ISO 17024 standard. The changes included in PMBOK 5 are based on the results of the latest RDS.

    The following slides will provide an overview on the changes implemented in PMBOK 5 In PMBOK 4, there w