[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 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.
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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