Introduction – To Latest PMBOK 6th Edition
In the world of project management, we’ve all heard about the PMP certification – it’s the global standard for managing project processes. It is a popular certification given to those who want to learn the process of planning, designing, and creating a project or product. This certification ensures that a person can work on various types of projects.
However, the latest release has changed a lot in project management. Ever since the release of PMBOK 6, there has been much talk about what is new in PMP after this new version.
So, If you are amid PMP certification, you may be wondering what is new in this update of the project management process.
If you’re looking for the latest information on PMP certification, then this article is just for you. This blog has explained what PMP and Latest PMBOK 6th Edition are and what new things have been added to PMP after this new version.
Let’s get started!
What Is PMP?
The Professional Project Management (PMP) Certification is a global-standard certification that proves to applicants that they have the knowledge, skills, and abilities to manage projects using rigorous, best practices.
It is based on a competency-based approach to professional development. It is intended for use throughout the entire lifecycle of project management, from initiating a new program through its leadership, to planning, execution, and closure.
This certification helps you understand what project management is and how critical it is for an organization.
It also helps you establish goals in your career and shows that you have complete mastery of all components of the PMP body of knowledge.
It can be very beneficial for organizations because it will help them reduce costs and increase profits by making better use of resources through a better project management system.
The PMP certification is recognized by the U.S. government and many federal agencies. It is the most widely accepted project management certification in the United States. A PMP certification holder can expect to get more job offers and higher salaries than someone without a certificate, both from private companies and government organizations.
What Is In Latest PMBOK 6th Edition?
The PMBOK is a document that has been designed by the Project Management Institute (PMI) to help project managers and their organizations ensure a successful project. It guides how and why projects are structured and managed in the most efficient manner possible. The PMBOK’s 5 phases provide the framework for all project activities from inception to closure.
It describes what is required of a project manager, including descriptions of the roles, responsibilities, and skills needed and how they can be used to achieve successful results when managing projects.
In other words, PMBOK stands for Project Management Body of Knowledge, which is part of the standard reference for project management. The purpose of this document is to provide a complete body of knowledge that can be used as a reference manual by users who want to manage projects.
So, if you want to get your project managers and teams organized, this is a great resource. These standards help people understand what is needed to manage projects with those less familiar, like start-ups, properly.
It helps project managers to understand their roles, responsibilities, and capability in the eyes of clients, stakeholders, customers, management, and colleagues. After reading Latest PMBOK 6th edition, they will understand all primary PM functions.
What Is Latest In PMP After PMBOK 6?
Latest PMBOK 6th Edition is a revision of the standard still in use today and has been revised every three years since its publication in 2011.
Prerequisite: You must have obtained at least one year of experience in any part of project management or technical disciplines (Programming, Engineering, Information Technology, Project Management) before taking this exam. If you want to become a PMP, you need all the prerequisites plus two additional years (six total).
Now, the PMBOK® Guide 7th Edition Project Managers on how best to perform their projects within their given environment and culture.
The 7th edition expands PMBOK 6 on the following aspects: introduction of project management life cycle, the introduction of project portfolio management for projects with multiple stakeholders and integrated use of risk management techniques (risk register, risk assessment, and risk communication); introduction of performance measurement techniques and change control process.
The 7th edition of the PMBOK has many new and revised sections. Some of the significant changes include:
- Section on project risk management is much larger than before (it now covers risk identification, risk assessment, and risk response).
- The section on effective project management, which included basic concepts and definitions in earlier editions, is now replaced by a more thorough treatment of these concepts.
- The section on managing project risks is now entirely dedicated to this topic.
- The chapter on communication has been expanded to include several specific tools designed to improve communication in the organization.
- A new standard template for project management methods enables users to create custom templates for specific projects or situations.
- Defined information technology, design, and quality principles based on ISO 9000 series of standards.
- Several industry practices and frameworks have been added, such as Lean, Six Sigma, and Value Stream Mapping.
However, the 7th edition of PMBOK is organized in the following section :
- Risk Management
- Processes and Tools for Improving Performance
- Concepts and Principles for Planning, Budgeting, and Control
- Organization Management Techniques
- Talent Management
- Business Continuity Management
- Project scope management
- Risk Analysis
- Communication Management
- Organizational Culture, Human Resource Management, Change Management and Leadership (newly added) 11. Financial management (freshly added).
PMP has been revised to maintain its validity and use.
In this blog, we have seen many changes in the PMP examination content. For example, the changes made in the Preparation Phase enabled the test takers to spend more time conducting their study, which is crucial for a good performance on the exam.
Some changes to the PMBOK6 project management standard include better methodologies for the Project Management Life Cycle (PMLC) sections, new risk management indicators, and greater stakeholder management strength.
So, in conclusion, PMP certification is a requirement for project managers. PMP becomes more challenging to obtain with each new release of the Project Management Body of Knowledge (PMBOK) which means it’s essential to stay up-to-date on the latest changes.