Project Manager in Training Flow

Training FlowProject management professional gave us her opinion about the Project Management Body of Knowledge and it supreme changes occurring from the PMBOK4 to PMBOK5. The important changes occurring in the update to PMBOK5 include; changes in knowledge areas, failure, new and explicit concepts, maturity and project management office.

In the new knowledge areas, the vast communication between management has ensured a split to enhance the stakeholder management. New concepts have been incorporated into the new PMBOK5. The section about business value is completely new and well explained in chapter one. PMBOK5 in chapter three is explained that projects can now be terminated prematurely. In chapter eleven you get to understand about risk management, which now it includes; attitude, threshold and appetite.

PMBOK5 added a newly changed concepts. Now, the project manager is no longer responsible for achieving the project set objectives. In chapter one, the concept of the project manager is being the leader of the project team. Chapter two properly explains the stakeholders where it provides a sufficient information for anyone to perceive oneself as being directly affected by a decision, activity or outcome of a project hence, a proper project stakeholder. The project sponsor role is well accounted for in chapter three where the sponsor is entirely responsible for the project success.

In the terms; maturity, a lot of emphases has been laid on the provision of adequate alignment with the PMI standards. It also requires proper explanation of topics and agitates for practical advice from project management reality. Maturity enhances Precision and optimum performance in projects.

PMBOK5 has further expanded the definition of Project Management Office. They have stratified it into three possible ways of existence:

  • Controlling
  • Directive
  • Supportive

The clear definition of Project Management Office helps enhance the precision of a project.

The addition of process has also been enhanced in the PMBOK5. The processes added include:

  • Plan Scope Management
  • Plan Schedule Management
  • Plan Cost Management
  • Plan Stakeholder Management
  • Control Stakeholders engagement

In addition, process changes have been enhanced in the PMBOK5. The changes include:

  • Control Risks
  • Control Communications
  • Manage Communications
  • Control Procurements
  • Identify Stakeholders
  • Direct and Manage Project Work
  • Validate Scope
  • Plan Quality Management
  • Control Quality
  • Plan Human Resource Management
  • Plan Communications Management
  • Manage Stakeholders’ Engagement

In conclusion, the important changes to PMBOK5 are in response to market changing trends and the natural evolution of the project manager role in the global market. It aims at enhancing optimum performance in project management.

Imperative to Project Management – Stakeholder Management

Project Manager PrStakeholder Managementofessionals around the globe have been waiting for the release of the PMBOK5. Professionals who want to be accredited, need to pass the new test to be certified. This is important should they wish to remain relevant. The processes of the project management tree remain the same, as it forms the backbone of any project management process flow. The process groups are the Initiating Process Group, Planning Process Group, Executing Process Group, Monitoring and Controlling Process Group and the Closing Process Group.

What are the important changes to PMBOK5?

The process flow is integral to the smooth running of every process and has been fine-tuned for professionals to implement the project management methodologies. It is important in any project that any little detail is taken care of, as it could affect the outcome, time management and budget. Poorly planned projects have cost companies and governments millions. Therefore, the implementation of clear projects are integral to the success anything that requires a process flow. Instead of keeping man ledgers and physical flowcharts, PMBOK5 makes it easier for the professional project manager to streamline the deliverables. The program will also highlight areas of concern.

The release of the PMBOK5 is set to take all the guesswork out of project management. With its release in 2013, it is a great enhancement on the PMBOK4 that was released five years prior. The world of project management has forever been changed by the very first edition. However, the 5th edition is giving those in teams the ability to manage projects from beginning to end.

The introduction of a new knowledge area, stakeholder management is integral to any project management plan. This enhancement alone is worth the package as the stakeholders play a large part in any project. The allocation of their funds, activities and decisions directly influence any of the plans. Focus areas for individual stakeholders and grouped areas can now be allocated. Management of the stakeholders with their individual planning also needs to be taken into consideration. PMBOK5 has broken these down into the following areas: Identify Stakeholders, Plan Stakeholder Management, Manage Stakeholder Engagement and Control Stakeholder Engagement.

The additional functionalities now include the following: Plan Schedule Management in the time management area, Plan Cost Management in Cost Management, Plan HR Management in HR Management. Communication Management has been simplified and streamlined, as well as Risk Management. The combination of these aspects makes PMBOK5 a sought after project management tool.