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Part 3: How to create a PMP Study Plan What’s new in the PMBOK Guide 6th Edition

Part 3: How to create a PMP Study Plan What’s new in the PMBOK Guide 6th Edition

Transcript
Welcome back to Part 3 in this video series about creating your PMP exam study plans. Part 1 was about exam success tips. Part 2 was about important topics for exam success. Part 3 will discuss the Sixth Edition of the PMBoK Guide. The PMBoK Guide is also the guide for the Project Management Body of Knowledge from PMI. In September 2017, the Sixth Edition was released. Today I will talk about the changes in the Sixth Edition compared to the Fifth Edition. The Sixth Edition includes an additional attachment, known as the Agile Practice Guide. I won’t go into details about the Practice Guide. Instead, I will concentrate on the PMBoK Guide Sixth Edition. This will benefit you in two ways. First, those who don’t have access to the PMBoK at any time, or have never studied one, will be able to see what is popular in the world of project management. Those who are familiar will be able to see what has been added. This is a win-win situation for both of you. Before we get into the details about what’s been added and what’s changed, and what was removed, let me give a quick overview of the PMBoK guide.
The PMBoK guide has three chapters that are the introduction chapters. It then has ten chapters that cover the knowledge area. The introduction, the project environment, and the role of the project manager are the first chapters. The next chapters cover topics such as Integration Management, Scope Management and Schedule Management, Cost Quality, Resources, Communication, Risk, Procurement and Stakeholder. Before we get into the details, let me briefly outline the changes made to the first chapters. The first chapters: The Introductory chapter is the same, but it has some new features. Tailoring is one example. The introduction of business documents such as the Business Case or the Benefits Management plan is another example. There is also a distinction between the project’s life cycle and the development cycle. This is more technical than the project’s life cycle. There is also an exposure of the Code of Ethics and Professional Conduct. However, there is a separate publication by PMI on this Code of Ethics and Professional Conduct. Chapter number two, formerly known as Organizational Influences, is now called The Project Environment. What has changed? People who are familiar with the Fifth Edition of the PMBoK Fifth edition will be able to recall the different types of organizational structures. They are still there, but now there are new types of organization structures called virtual, multi-divisional, etc. There are other things, such as organizational systems, which are the three components of these systems. Then we have the PMO concept. PMO was originally part of chapter 1. Now it is part of chapter 2. The project management processes were originally Chapter 3. All that is now past is chapter one. But chapter three, which is now known as the Role for the Project Manager, is a new chapter. The Role of Project Manager is a crucial chapter. It’s very detailed in terms the sphere of influence that the Project Manager (PM) has. The PM has a certain amount of influence within the project, but it also extends beyond the project boundaries. It also extends beyond the organization into the discipline and into the industry. We also have information about the PMI Talent Triangle, which contains the three competencies required to be a Project Manager. This copyrighted by PMI. It has the Technical Project Management competency, Business, and Project Manager.