PMBOK 6th edition changes

Number game (Changes) in Knowledge Area, Process Groups and Processes

Knowledge Area Changes

• Time Management à Schedule Management
• Human Resource Management à Resource Management

Process Changes

•Addition

–Manage Project Knowledge

–Control Resources

–Implement Risk Responses

•Deletion

–Close Procurements

•Modification

–Plan Stakeholder Management à Plan Stakeholder Engagement

–Perform Quality Assurance à Manage Quality

–Plan HR Management à Plan Resource Management

–Acquire Team à Acquire Resources

–Control Communications à Monitor Communications

–Control Risks à Monitor Risks

–Control Stakeholder Engagement à Monitor Stakeholder Engagement

•Movements

          –Estimate Activity Resources à From Schedule(Time) to Resource (HR)

Importance

• Project Manager role expanded—Talent triangle
• Agile concepts with tools and techniques
• Tailoring

PMP Exam based on 6th edition

Based on PMBOK 6th edition guide, the exam effectiveness is from 26th March 2018

Please refer the below link

https://www.pmi.org/certifications/types/project-management-pmp/update

PMBOK® Guide – Sixth Edition Updates

Wait for this page to see the updates in detail

Agreements

Agreement is the understanding between the buyer and the seller which is a project document. Agreements can be contracts, MOU, level of agreements, letter of intent, master service agreement, service level agreement, etc..

Agreement is a project document and is the input for Develop Project Charter, Determine Budget processes and the output of Conduct Procurements process.

Business Case

Business Case justifies the need of the project, worth to invest and is helps to make decision. Business need and the cost benefit analysis are part of Business Case. It provides the reason for starting the project, approach to make the project success at a very high level, benefits and dis-benefits.

Business case is created because of legal requirement, technology change, organization change, market demand, to serve the social need, customer request, ecological impacts. The project manager should follow the life cycle efficiently and effectively to meet the business need.

Business Case is the input for Develop Project Charter process.

Project Statement of Work

Project Statement of Work (SOW)provides the product description about the product or service or result which will be delivered by the project. This project document will be provided by the customer. If the project is because of the internal need then the sponsor or the initiator will provide SOW. The SOW contains Business need, Product scope description and strategic plan.

Business need provides the need of the project which can be because of legal, technology, market conditions, new initiative, etc…

Product scope description is about the characteristics of the product, service or result which we are going to achieve. It should be in relationship with business need.

Strategic plan is about the goal, vision and objective in alignment with organizational strategy and vision.

Project Statement of Work is a project document and is in the input for Develop Project Charter process.

Stakeholder Analysis

To make the project success stakeholder management is very important. Before this one need to identify the stakeholders in the project, their needs, expectations, etc… This will be taken care by a technique Stakeholder Analysis. It is a systematic approach to identify the needs in terms of qualitative and quantitative. Also the technique helps in understanding the influence of stakeholders towards the project and with other stakeholders in terms of relationships. To list a few activities:

•Identify the potential stakeholders, their contact information, from which function they belongs to, external or internal, their needs, roles, etc.. It is difficult to identify all the stakeholders in the beginning. To overcome this challenge identify the key stakeholders such as sponsor, primary customer and involve them and use the other techniques like Meeting, Expert Judgment to identify the potential stakeholders. Of course identification of stakeholders has to happen throughout the project.

•Understand each stakeholder impact and support, so that accordingly you can prioritize the communication in an efficient manner.

•Assess how the stakeholders may react to different situations which help in identifying the threats for the project.

There are different models which can be developed with Stakeholder Analysis: Power vs Interest grid, Power/Influence grid, Influence vs Impact grid and Salience model which considers three parameters namely power, urgency and legitimacy.

The diagrams below show the Power vs Influence grid and the Salience Model.

Stakeholder Analysis technique is used under the process Identify Stakeholders.