One of the highly demanded Project Management certification PMP (Project Management Professional) which is conducted by PMI (Project Management Institute) is undergoing a drastic change. The guide book for PMP, PMBOK (Project Management Body Of Knowledge) will soon come up with the 7th edition. If you are aspiring for PMP certification you must be aware of the changes happening.
If you are new to the concept of PMP certification you must be wondering what are we talking about. PMP is a globally recognized certification that validates your knowledge in the field of IT and your skills as a project manager. People who wish to take the next step in their career can opt for PMP certifications as this will enhance their growth and knowledge in the field of project management.
What Is Changing In PMP?
The PMI (Project Management Institute) is the governing body that controls all the decisions for PMP certification has decided to launch PMP 7th Edition by evolving the current syllabus of PMP.
If you were planning to give the PMI PMP 7th edition exam this year then hold on as you should know the facts and changes this new edition is going to bring.
In few words, the summary of the 7th Edition can be noted as the approach will be based on the principles rather than processes. Also, it will be shorter than the current edition.
Why Was There A Need For Change?
While working on different projects a project manager will have to apply different strategies, methods, and approaches to give the best output in a defined time. Restricting the approaches will also slow down the growth of the project. The processes used by project managers are Practitioner, Agile, Waterfall, and Hybrid. However, it is not necessary that a single project will favor a single approach. So, a project should be dealt with various principles rather than a single process.
Difference Between Principle Approach Vs Process Approach
|Process-based project management||Principle-based project delivery|
|Knowledge areas existed||Knowledge areas will not be existing in PMBOK anymore. There will be performance domains|
|Last change was observed in January 2021||7th Edition will be released on 1st August 2021|
|Mostly used Waterfall Project Management method||Radical shift will be observed in project management techniques by using Agile and Holistic project delivery methods.|
Principle Vs Process-Based Approach
In the previous PMBOKs, the guide was in the form of knowledge areas. These areas included various processes, tools, inputs, outputs, and techniques. Whereas in the 7th edition of PMBOK, these processes will not be there anymore. The current and previous years PMBOK focused on the deliverables for evolving the project dynamics whereas the new edition of PMBOK will focus on the results.
However, the traditional methodology of project management, i.e, Process-based management will still be in action. The value for the traditional method is still the same and many organizations are using it for successful project completion. But, the new principle-based approach will give more results by adding value to the organization and the stakeholders.
Aspects influencing the Changes In PMBOK7
To get a change in the existing things one needs to have influential points that support the demand for the alterations. The last change in PMBOK was done in 2017 and since then the format did not change much. However this year a drastic change in PMBOK will be observed with the launch of PMBOK7.
Let’s glance at the fundamental points that have influenced this change.
1. Value Delivery System
The value delivery system that will be added with the PMBOK7th Edition will be an approach that will systematically define the strategies, objectives, and missions decided by a company on which further investments and projects will be conducted. To make sure that the objective of the portfolios the project delivery must reach its pre-set targets.
2. Project Delivery Principles
PMBOK 7th Edition will be based on principles where the ‘what’ and ‘why’ aspects of project delivery will be mentioned. The fundamental principles included in the project delivery describe the norms and fundamental truths and are not prescriptive.
Principles Of Project Delivery:
- Team: Building a good work culture of respect and accountability
- Stewardship: Being responsible for duties
- Value: Focusing on core values
- Stakeholders: Engaging potential clients by understanding their needs and interest.
- Leadership: Motivate, teach, learn and grow
- Holistic Thinking: Recognize and respond to systems interactions
- Value: IT will focus on the values
- Tailoring: It will make the approach based on the context of requirements
- Quality: Build quality through process and results
- Opportunities and Threats: It will help in addressing the opportunities and threats involved.
- Complexity: Addressing the complexities with the help of learning and experience.
- Adaptability & Resilience: Being adaptable and resilient
- Change Management: Incorporate changes to get better results.
When Is PMBOK 7th Edition Releasing?
The official page of PMI has announced the release date of PMP 7th Edition as 1st August 2021. However the syllabus of the exam will not change immediately and the changes are expected to get implemented from January, 2022. This will give the time needed to the training institutes to update their syllabus and prepare the study material accordingly. You can visit the official page of PMI to check the latest updates on the PMP 7th edition.