Hey there, project management enthusiast! If you’ve been on the edge of your seat waiting for the next big thing in the PM world, then today is your lucky day. Dive into this blog as we explore the exciting new features of PMBOK7!

PMBOK6: Not Lost, Just Moved

PMI (Project Management Institute) announced that PMBOK 6 is retiring as of 31 March 2022. First and foremost, let me clear the air about PMBOK6. Some of you may have heard whispers about PMBOK6 being outdated or replaced. Let’s bust that myth right now! The wisdom and insights of PMBOK6 haven’t vanished. Instead, they’ve transitioned into the Process Groups Practice guide. So, for those of you who’ve invested time mastering PMBOK6, give yourself a pat on the back. Your knowledge is still as relevant and valuable as ever.

Diving Deeper into PMBOK7

PMBOK7 brings a fresh perspective to project management, structured around two main sections:

1. The Standard for Project Management:

• Introduction: This part discusses general concepts, principles, and terminologies prevalent in the project management field.
• System For Value Delivery: This segment is bifurcated further into the fundamental elements, which lay down the basics such as processes, inputs, outputs, and various tools & techniques, and the value delivery processes, highlighting how these elements amalgamate to deliver value to the customer.
• Project Management Principles: There’s a significant emphasis on ten pivotal principles for managing a project. These range from stewardship, team, and stakeholders, to system thinking, adaptability, and change. By adhering to these principles, one can achieve specific outcomes, leading to customer satisfaction and project completion.

2. The Guide To Project Management Body of Knowledge:

• Tailoring: Acknowledging the uniqueness of each project, this lesson emphasizes the importance of tailoring processes to fit individual project requirements.
• Project Performance Domains: This lesson encapsulates eight key performance domains like stakeholders, team, planning, and uncertainty.
• Models, Methods, and Artifacts: Though not a substitute for PMBOK6, this lesson sheds light on various models, methods, and artifacts beneficial for a project. So PMBOK7 presents a table correlating performance domains with respective models, methods, and artifacts, guiding users on their applications.

Why This Change?

You might be pondering over PMI’s rationale behind this evolution. With the ever-evolving dynamics of project management influenced by technological strides and business innovations, a rigid approach is no longer viable. Hence, PMBOK7 is tailored to be more inclusive, embracing a myriad of methodologies and ensuring you’re armed with the most avant-garde tools and strategies.

In wrapping up, if PMBOK7 hasn’t piqued your interest yet, delve in now. So, it’s not just a manual but a compass guiding you through the multifaceted world of project management. With PMBOK7 in your arsenal, you’re all set to redefine project management paradigms.

Happy managing!

Read more here PMBOK 6 vs PMBOK 7: Navigating the New Waters of Project Management, Guide to PMBOK Guide

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