What's changing in PMBOK 6th Edition?

Last month, the PMI released the 6th edition of the Project Management Book of Knowledge, otherwise known as the PMBOK. In this video, we are going to talk about what has changed in the PMBOK 6th edition. And if you're not familiar, the PMI, or the Project Management Institute, is the world's largest body of project managers. Although it is based in the US, its certifications such as the PMP, and CAPM are recognized all over the world. So what's changed in the PMBOK includes the general principles of project management, knowledge areas that's been renamed, processes that have been added, subtracted, or renamed, and an increasing emphasis on Agile. Let's now dive into each of these in more details. Now, let's start with the changes in general principles. There is now more emphasis on strategic and business knowledge. This will include a discussion of project management business documents. The first 3 chapters of the PMBOK Guide have been completely overhauled. There is now a greater emphasis on sponsoring organizations and the new chapters on the leadership role of project managers. We also see more information about the PMI Talent Triangle being included now in the PMBOK Guide. The PMI Talent Triangle, which is the chart that we see on the left-hand side of this slide tells us what PMI considers as essential skills for all project managers to have to be successful in today's market. Agile is now a significant part of the PMBOK. It is featured in every single knowledge area, and there is an appendix section for Agile, and it is called Agile Iterative Adaptive hybrid project areas. Additionally, there is a second guide to the PMBOK Guide called Agile Practice Guide. So what has changed for the knowledge areas? Well, the good news is that there are no new knowledge areas being added to the PMBOK Guide. There are 2 knowledge areas that's been renamed. The first one is Project Scope Management, which is now called Project Schedule Management. The second knowledge area that's been renamed is the Project Human Resource Management, which is now simply known as Project Resource Management. Although there has been no changes to the knowledge areas, new sections have been added to the knowledge areas. So now every single knowledge area will include the following 4 sections. The first one is Key Concepts, very similar to the old introductory sections. The second new section is called Trends and Emerging Practices. This looks at industry-specific practices and new ideas that are not yet considered best practices. The third section is Tailoring Considerations. This is a great addition to help real-world project managers to select processes, adapt their methodology to the needs of their projects. It contains questions that will prompt and help you. And the last section that's been added is Considerations for Agile and Adaptive Environments. There is a long overdue section describes how practitioners can integrate agile or other iterative and adaptive approaches into the traditional project management environment. Beyond the changes to the knowledge areas, let's now talk about the changes to the actual processes. We are now going to talk about the processes that have been added, Renamed, and deleted. Now let's start with the processes that have been added. The first process that has been added is called Manage Project Knowledge. This process has been added to the Project Integration Management area. It recognizes the need to take data and convert it into knowledge and hence to wisdom. The second process that has been added is Implement Risk Responses. This process As its name suggests, it's being added to the Project Risk Management knowledge area. There has long been a gap between planning risk responses and controlling risk. We know that there is no change without action, so implementing risk responses is a vital and overdue addition. And the last process being added is called Control Resources. This process is added to the Project Resource Management knowledge area. Let's now look at the processes that have been moved and deleted. Let's start with the processes that have been deleted. There is only one of them, Close Procurement. The Close Procurement process has been deleted and it is now grouped with the Close Project or Phase process. The Estimate Activity Resources process has been moved. This has now been moved into Time Management from Resource Management. There are also 7 processes that have been renamed. Perform Quality Assurance is now renamed to Manage Quality. Plan Human Resource Management is now Plan Resource Management. Acquire Project Team is now Acquire Resources. So what you can see from the HR section is that the PMBOK has now expanded its definition of resources They want to include all resources, not just human capital. Control Communications is now Monitor Communications. Control Risk becomes Monitor Risk. Plan Stakeholder Management is now Plan Stakeholder Engagement. Control Stakeholder Engagement is now Monitor Stakeholder Engagement. So what you can see from 7 of the changes is just the name changing from control to monitor. So for example, control risk is now monitor risk. So the changes in the names of the processes are not significant. Similarly, there are also minor changes to the ITTOs, or inputs, tools and techniques, and outputs, from the PMBOK 5th Edition to the 6th Edition. Now you may be wondering, when is the PMP exam switching from the 5th Edition to the 6th Edition? It is set to switch on March 26th, 2018. Currently, at the time when this video is being filmed, there is no date set for when the CAPM exam will be switching to PMBOK 6th edition. The difference between the CAPM exam and the PMP exam is that you do not need any prior experience in order to qualify to write the CAPM exam, whereas for the PMP exam, you need 3 years of work experience. if you do not have a college degree, and 5 years minimum work experience if you do not have a college degree. To learn more about the CAPM or PMP exam, I suggest that you register for a free course with ExamPM. It will qualify for 1 PDU. You can sign up at www.exampm.com/free. We have numerous classes every single week, and we teach you strategies on how to pass your exam on the first try, as well as the exact study plan you need in order to pass your exam in just 6 weeks. So we look forward to seeing you in our free courses.