Overview of PMBOK 5th Edition changes vs PMBOK 4th Edition

Overview of PMBOK 5th  Edition changes vs PMBOK 4th Edition


Project Management is an exciting and growing industry,the no of Project oriented jobs in seven projectized industries among eleven countries will jump to 47.6 Million by this decade's end,a 30% increase from 2010.
~Source'Project oriented Employment Trends &Costs of a skills Gap(2010-2020) PMI.

The PMBOK(Project Management Body Of Knowledge) Guide is the book published by PMI outlining a set of standard terminology and guidelines for Project Management.

Brief History:
PMBOK was first published in 1983,1st Edition. 
1st Edition -1996
2nd Edition -2000
3rd Edition- 2004
4th Edition - 2008
5th Edition- 2012

Addition of a new knowledge area called ‘Stakeholder Management’ (going from 9 to 10 Knowledge areas)
PMBOK 4th Edition
PMBOK 5th Edition
Knowledge Area
No of Processes
Knowledge Area
No of Processes
Integration
6
Integration
6
Scope
5
Scope
6
Time
6
Time
7
Cost
3
Cost
4
Quality
3
Quality
3
Human Resources
4
Human Resources
4
Communications
5
Communications
3
Risk
6
Risk
6
Procurement
4
Procurement
4


Stakeholder
4

Knowledge Areas           9              Knowledge Areas            10
Process Groups               5              Process Groups               5
Processes                        42               Processes                       47

Details of changes:

  1. 5 new processes have been added (going from 42 to 47 Processes)
  2. Definition of a Project Management Office (PMO) expanded.
  3. Project life cycles expanded.
  4. Direct and Manage Project Execution’ changed to ‘Direct and Manage Project Work’
  5. Addition of ‘Plan Scope Management process’
  6. ‘Verify Scope’ changed to ‘Validate Scope’
  7. Addition of ‘Plan Schedule Management’
  8. Addition of ‘Plan Cost Management’
  9. ‘Plan Quality’ changed to ‘Plan Quality Management’
  10. ‘Perform Quality Control’ changed to ‘Control Quality’
  11. ‘Develop Human Resource Plan’ changed to ‘Plan Human Resource Management’
  12. ‘Monitor and Control Risks’ changed to ‘Control Risks’
  13. ‘Plan Procurements’ changed to ‘Plan Procurement Management’
  14. ‘Administer Procurements’ changed to ‘Control Procurements’
  15. Addition of ‘Plan Stakeholder Management’
  16. ‘Manage Stakeholder Expectations’ changed to ‘Manage Stakeholder Engagement’
  17. Addition of ‘Control Stakeholders Engagement’
  18. ‘Work performance measurement’ changed to ‘Work performance data’
  19. ‘Positive Risks’ changed to ‘opportunity’
  20. PMBOK 5th Edition has now 248 pages minus the glossary.
  21.   614 inputs, tools, and outputs




The four processes follow the familiar PMBOK pattern with a few differences. They are:
13.1 Identify Stakeholders – identifying everyone affected by the work or its outcomes.
13.2 Plan Stakeholder Management – deciding how you will engage with the stakeholders.
13.3 Manage Stakeholder Engagement – communicating with stakeholders and fostering appropriate stakeholder engagement
13.4 Control Stakeholder Engagement – monitoring the overall relationships and adjusting your strategies and plans as needed.

PMP Exam Changes 
In order to pass your PMP exam based on the PMBOK 5TH from 31st, July 2013 you will need to be aware of the new definitions in the PMBOK® Guide

Studying those takes  a disciplined plan,effort, dedication and time.


For the detailed list of changes go to www.pmi.org

Brace up to become PMP Certified in these locations Port Harcourt, Abuja and Lagos in Nigeria attend our PMP Exam Preparatory Training based on PMBOK 5th Edition with Ritetrac Consulting Nigeria Limited www.ritetracconsult.com.ng

Upcoming Exam Preparatory Training Dates:

August 3th,4th,10th and 11th(4 days) Abuja ,FCT & Port Harcourt, Rivers State.

August 31st,September 1st,7th,8th(4 days )Lagos,Lagos State

For registration/further inquires email us on info@ritetracconsult.com.ng

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