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

Comments

  1. Wonderful article. But recently if you are looking for a new project management job or if you might have asked for a promotion within your company then you might have heard about PMP credentials!!. It is true that a Project Management Professional (PMP) credential is one of the most sought certifications by employers and employees alike. For its detail information about a PMP certifications you can go through http://www.pmstudy.com/

    ReplyDelete
  2. This is an incredible post about PRINCE2 Certification in USA Getting such a wide range of benefits is really amazing.

    ReplyDelete
  3. This is an Nice post about capm Certification training in USA Getting such a wide range of benefits is really amazing.

    ReplyDelete
  4. There are many more benefits of pursuing CAPM Certification Training in USA It draws out the hidden skills and increase your market value that can be much beneficial for the future.

    ReplyDelete
  5. Project Management Certification is very important for all professionals who are dealing in project management and want sure shot success in their projects , In India one of the best Project Management Certification Training Provider is Knowledgecert

    ReplyDelete

  6. A smallish campaign with a homemade list would not be likely to yield much of a result. To achieve anything worthwhile, a much more aggressive effort is needed. Then, the age-old value analysis applies: projected earnings = margin on total projected sales - cost of campaign.

    ReplyDelete

Post a Comment

Popular posts from this blog

Earned Value Management Question for ETC ,VAC, CPI,CV , PV and EAC

5 interesting facts about the PMI's PMP credential

Project Manager Resume - How to write an excellent Project Manager Resume that gets the job!