With the rapid advancements in technology, it is now more important than ever to be competitive. Product life cycles are shrinking, and products or projects can change as time goes on based on the project’s development. Traditional project management methodologies make it impossible to meet the needs of a changing product. That is why, in the 2000s, agile project management methods were developed. Many firms began using agile frameworks for their projects especially in IT and software industries.
PMP is the primary project management certification. There are around one million PMP professionals. They stay up to date by revising the PMBOK every 3-5 years.
PMBOK 7th Edition – Updates
PMBOK 7th edition is focused on principles instead of procedures, and is shorter than the previous Edition. There are many different ways to manage a project, which depend on the project's features, industries, stakeholder requirements, and organization.
The PMP exam is based on a list of tasks that a project manager must complete to be successful in the profession. It is designed to highlight the research that went into creating it and is meant to be relevant for years to come.
The PMBOK divides the project into 5 stages: initiating, planning, executing, monitoring & controlling and closing. Within these stages are processes for each knowledge field. For example, the estimate procedure is part of the planning process group and in the cost management knowledge area.
The process-based technique has been replaced with a principle-based technique in the PMBOK 7th Edition. There will also be 12 Project Delivery Principles as well as a Value Delivery System. The Value Delivery System prioritizes producing valued outcomes over fulfilling deliverables. Projects are an important part of the Value Delivery System, and principles will help those involved in projects attain desired outcomes to create value for the company and stakeholders.
New Platform Coming with PMBOK 7th Edition
The Standards Plus interactive digital content platform will provide the user with information on developing, existing, and future practices within project management.
Project Delivery Principles
The PMBOK 7th edition will include 12 principles that describe the what and why of delivering a project. Principles are descriptive, not prescriptive. The 12 principles are as follows.
Stewardship: Be a good steward by being vigilant, courteous, and caring.
Team: Create an environment of accountability & respect.
Stakeholders: Consult with stakeholders to learn about their interests and requirements.
Value: Emphasize value.
Holistic Thinking: Identify & respond to the interplay of systems.
Leadership: Motivate, influence, coach, and learn as a leader.
Tailoring: Adjust the delivery strategy dependent on the situation.
Quality: Incorporate quality into procedures and outcomes.
Complexity: Deal with complexity by knowledge, experience, and learning.
Address Opportunities and Risks: Address both opportunities and threats.
Adaptability and Resilience: You must be adaptive and resilient.
Change Management: Facilitate change to attain the desired future state.
As the PMBOK guide has been updated every three to five years since it was introduced in 2004, we expect the next ECO to be released around 2024-2025.
However, it is possible that the PMP certification will be updated sooner. Historically, the exam has been changed every two years or after presenting an upgraded version of ECO or the PMBOK for six months. As a result, we may expect PMI to update the test in 2022 or 2023 to reflect the new terminology and ideas presented in the PMBOK 7th Edition.
These are only projections; the PMI is not likely to follow the same trend that it has developed over the years. However, they allow instructors to update their training materials and PMP candidates to choose which exam version they would like to take.
Commenti