Updating the project management bodies of knowledge

PMI is poised to release the new version of the PMBOK Guide before the end of 2012.Product management consultant Joseph Phillips describes in detail how PMBOK Guide, 5th Edition has added and removed project processes, clarified previous edition, and includes a completely new project knowledge area., football season to start, or gosh, even waiting for Disney on Ice to roll into town. But it’s starting to become a tradition for the Project Management Institute (PMI) to update its book, the —it a wonderful book for project managers to use as general guide to project management.• Four new planning processes have been added: Plan Scope Management, Plan Schedule Management, Plan Cost Management and Plan Stakeholder Management: These were created to reinforce the concept that each of the subsidiary plans are integrated through the overall project management plan.Are you ready for the newest guide to the Project Management Body of Knowledge?For example, you’ll read zingers like this one in the new : “A project management office (PMO) is an organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain.” If you’re preparing for the Project Management Professional (PMP), the Certified Associated in Project Management (CAPM), or you want to really dig into the PMI approach to project management, you’ll need a copy of the PMBOK Guide, 5th Edition.

• A 10th Knowledge Area has been added; Project Stakeholder Management expands upon the importance of appropriately engaging project stakeholders in key decisions and activities.

• Project data information and information flow have been redefined to bring greater consistency and be more aligned with the Data, Information, Knowledge and Wisdom (DIKW) model used in the field of Knowledge Management.



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