[PMBOK 7th is Coming] Should I Wait for PMBOK 7th to Prepare for PMP Exam?
PMI has launched the PMBOK guide 7th edition!
Currently (as of the first week of August 2021), this is only available in
English, but more languages will be added soon.
As you become familiar with the changes in the
PMBOK 7th edition, you may exclaim, "The birth of a new era!"
PMBOK Guide 7th edition was absolutely
unexpected or unconventional in comparison to all previous versions. The new
version is around a tenth the size of the previous one.
If you trace the evolution of the PMBOK® Guide
and its approach and structure through the years, you'll see that the PMBOK 7th
edition is quite different from the previous six editions.
To grasp the performance domains and knowledge areas of new editions of PMBOK as well as how beneficial this will be for your
personal development, it's necessary to take a quick look at how PMBOK has
progressed over the years.
PMBOK Guide 7th Edition Related Articles:
PMBOK
7: Last Update on PMBOK Guide 7th Edition
PMBOK®
7th Edition: What You Need to Know!
Introduction
PMBOK is an acronym for Project Management Body
of Knowledge. It refers to the comprehensive collection of processes, best
practices, terminologies, and guidelines widely regarded as industry standards
in the Project Management Industry (PMI).
If you're studying for the PMP certification exam in 2021 or later, you're in for some significant changes in PMBOK 7 vs. PMBOK 6. Hurry to take the PMP Exam and SPOTO 100% Real Exam Dumps will help you prepare for your final PMP exam.
A Quick Overview of the PMBOK® Guide's History
In the summer of 1969, when Ned Engman, James
Snyder, Susan Gallagher, Eric Jenett, and J Gordon Davis created The Project
Management Institute (PMI).
And PMI has remained faithful to this purpose
ever since, contributing significantly to the organization and guiding of
project management practices.
However, by the 1980s, efforts to standardize
project management practitioners, procedures, and approaches had begun, and they
had been compiled into a reference for project managers to consider.
That is the origin of 'A Guide to the Project
Management Body of Knowledge' (a.k.a. PMBOK guide), which has been revised six
times to date.
What Are the Critical Factors that Influenced the PMBOK 7th Edition?
Primarily, and as one may expect in light of
the new curriculum announced in 2019, the Agile and Hybrid project management
approaches are integrated into the Guide's core content, alongside the
established Predictive delivery strategy.
However, this is not the primary alteration
affecting PMBOK.
The PMBOK 7th edition diverts attention from a
process based approaches toward a principles-based (one would even say
outcome-oriented) approach, supporting any project delivery. Yes, you guessed
correctly — the term 'principles' has the Agile paradigm's imprimatur.
You could say that the 'thought' that underpins
PMBOK has altered. It has become more inclusive.
Another significant change is the expansion of
the scope to include 'project delivery' in addition to 'project management.
This appears to be a more action-oriented or practitioner-friendly concept.
Additionally, the emphasis is on project outcomes rather than on project
deliverables.
One may argue that the scope of PMBOK is
expanded not just to include project management methodologies but also to
include project outcomes.
Two critical factors impacting alterations to
PMBOK-7 are as follows:
- Value Delivery System
- Project Delivery Principles
Let us swoop in a bit closer and examine what
these cover.
1. Value Delivery System
The Value Delivery System (VDS) is the
comprehensive framework under which projects produce corporate value. According
to Peter Drucker, company value is the tangible and intangible benefits
received by the business's customers, employees, and partners. And projects are
the primary vehicle for delivering business value through fulfilling the
organization's business objectives.
The seventh edition of the Standard for Project
Management, upon which PMBOK is based, demonstrates how sound strategy results
in creating targeted economic value inside an organization.
This is accomplished by defining organizational
strategies that aid in the identification of business objectives, which are
then translated into actionable initiatives such as portfolios, programs, and
projects that produce deliverables and strengthen the organization's
capabilities, resulting in tangible or intangible outcomes that benefit
customers and end-users, thereby generating business value.
The system that enables this flow to occur
smoothly and predictably would be the value delivery system that the business
would build. And this is accomplished through the efficient dissemination of
information and feedback via designated channels.
The value delivery system is made up of
portfolios, programs, projects, and operations. It is governed by a governance
system that manages issues, facilitates workflow, and supports decision-making
capabilities.
2. Project Delivery Principles
These are the whats and whys of project
management that govern the thinking and conduct of those involved in project
delivery (notice that we are not discussing 'management' here, but rather
'delivery') to focus their efforts on achieving an excellent project end.
Have you noticed the employment of the terms'
delivery' and 'outcome'? You were aware that the scope of the PMBOK was
expanding!
The Standard for Project Management defines 12 principles:
- Be a diligent, respectful, and caring steward
- Build a culture of accountability and respect
- Engage stakeholders to understand their
interests and needs
- Focus on value
- Recognize and respond to systems' interactions
- Motivate, influence, coach, and learn
- Tailor the delivery approach based on context
- Build quality into process groups and results
- Address complexity using knowledge, experience,
and learning
- Address opportunities and threats
- Be adaptable and resilient
- Enable change to achieve the envisioned future
state
Should I Wait for the PMBOK 7th Edition to Prepare for the PMP Exam?
PMI updates PMP® exam items throughout the year
as part of continuous improvement and examination maintenance. When the Seventh
Edition of the PMBOK® Guide is issued, it will replace the Sixth Edition as the
reference for validating the content.
PMI recommends that you register for the exam
as soon as you feel prepared. The PMBOK® Guide is a reference for those
preparing for the PMP® exam — it is not a test-preparation tool. The PMBOK ®
Guide – Sixth Edition is still one of the references to the current version of
the PMP Exam, which was issued on 2 January 2021.
PMI strongly advises that you reference the
most recent Exam Content Outline for the most up-to-date information on
certification preparation. PMI certification information and potential updates and exposure draft are available at pmi.org/certifications.
Conclusion
PMI rotates or refreshes exam questions
regularly, and therefore may add some content from the new Guide over time, but
this will be done slowly rather than in a "big bang" update. However,
if you have already started to prepare for the PMP exam, our recommendation is
to get your PMP before the 7th edition because the latest PMP exam 2021 doesn't
depend on the PMBOK V7.
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