First, compared to the previous edition, it is a relief to see the new standard come in just 370 pages. Colored graphics have also been added to the latest version, making reading a little more interesting. The overall structure of the guide has changed significantly, in addition to the visual modifications. The most crucial aspect to remember is that the PMBOK seventh edition is separated into two parts: a project management standard and a guide to the project management body of knowledge. Furthermore, the project management standard and the PMBOK Guide in the PMBOK 7th edition contain different content. As a result, it’s critical to read the entire guide.
Project Management PMBOK 7th Edition Standard. This new norm applies to all industries and project delivery methods. The project management standard comprises two primary components: a value delivery system and 12 project management principles.
A Value Delivery System The following components make up a value-delivery system: 1. Creating Value 2. Organizational Governance System 3. Functions Associated with Projects 4. The Project Environment 5. Product Management Considerations.
The Principles of Project Management
The seventh edition of the PMBOK contains 12 project management principles that project professionals and other project stakeholders should follow to guide their behavior and actions. The 12 project management principles are listed in the list below.
Stewardship Be a steward who is conscientious, respectful, and concerned.
Team Assemble a project team that works well together.
Stakeholders Productively engage stakeholders.
Value Concentrate on value.
Systems Thinking System interactions should be recognized, evaluated, and responded to.
Leadership Demonstrate leadership characteristics.
Tailoring Context-based tailor.
Quality Processes and deliverables should be high-quality.
Complexity Navigate the complexities of your environment.
Risk Enhance your risk-taking abilities.
Adaptability & Resilience Accept resiliency and adaptability.
Change To get to the desired future condition, allow for change.
The Major Sections of PMBOK Guide 7th Edition
The following sections make up the seventh edition of A guide to the project management body of knowledge: Project Performance Domains, Tailoring and Models, Methods, and Artifacts
Project Performance Domains
The eight project performance domains are listed in the next paragraph.
Stakeholders – Activities and functions related to project stakeholders are included in the stakeholder performance domain.
Team – The activities and functions related to persons in charge of creating project deliverables are included in the team domain.
Development Approach & Life cycle – The development approach and project life cycle phase are addressed in this domain.
Planning – The initial, ongoing, and evolving organization and coordination required to accomplish project deliverables and outcomes is planning.
Project Work – Project work entails managing physical resources, implementing project processes, and establishing a learning environment.
Delivery – Delivering on the project’s scope and quality goals
Measurement – Assessing project performance and taking necessary action to ensure that it remains acceptable.
Uncertainty – Risk and Uncertainty are both present in this situation.
It’s also crucial to note that the new tailoring section explains exactly what needs to be tailored. This section also shows how to do so. In addition, the new PMBOK 7th edition includes tailored assistance.
Models, Methods, and Artifacts
A model is a method of explaining a process, framework, or phenomenon. Furthermore, the PMBOK 7th edition covers a total of 23 models. A list of popular models is provided below.
- Situational Leadership Models
- Communication Models
- Motivational Models
- Change Models
- Complexity Models
- Project Team Development Models
Project management process groups, in fact, are increasingly included in other models.
Method – A method is a way of accomplishing a specific result, outcome, or project deliverable. Lessons Learned is a good example.
Artifact – An artifact is available as a template, document, or project. For example, Risk Register and Lessons Learned Register.