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Payment for 2022-04 Understanding PMBOK 7th Edition - Non-Members

The PMBOK 7th edition radical changes can be clearly exhibited by the fact that the guide is only 250 pages in comparison to the 6th edition’s 700 pages.

Moving on to the 7th edition structure, PMI revealed that the PMBOK new version is still involve the Standard for Project Management along with the Guide to the Project Management Body of Knowledge. However, there will be some difference where the Standard for Project Management will be leading, consisting of an introduction and covering the Value Delivery System as well as 12 Project Management Principles: Stewardship, Team, Stakeholders, Value, Holistic Thinking, Leadership, Tailoring, Quality, Complexity, Opportunities & Threats, Adaptability & Resilience, and Change Management.

The Value Delivery System is emphasizing valuable outcomes over deliverables. The Value Delivery System and principles serve as a guide for project managers, team members, and stakeholders to deliver value to the organization and all involved parties.

The Standard is followed by the Guide to the Project Management Body of Knowledge, which no longer tackles knowledge areas and process groups. Instead, it covers  8 Project performance domains: Team, Stakeholders, Life Cycle, Planning, Navigation and Ambiguity, Delivery, Performance, and Project Work, along with Tailoring, Models, Methods, and Artifacts. 

Dedicating an entire section to tailoring different development approaches and processes, this PMBOK edition addresses the selection of the suitable development approach, tailoring it for the organization and the project, continuously improving it, as well as tailoring performance domains.

According to PMI , the guide offers  an expanded list of tools including models, methods, and artifacts. Situational leadership, communication, motivation, change, complexity, and team development are some of the models incorporated in the 7th edition of the PMBOK. Changes also imply introducing data gathering and analysis, estimating, meetings and events, etc. as methods along with artifacts like logs and registers, plans, hierarchy charts, baselines, reports, agreements and contracts, and much more.

Both the standard and the guide now reflect a wide range of development approaches(predictive, adaptive, hybrid, etc.) to address practitioners’ needs and to lead them to be more flexible, proactive, and effective when embodying their projects’ requirements.

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