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It suits for clarifying PMBOK based project management workflow as well as PMP 6th preparation.
Enjoy! And thank the author!
The PMI’s Standard for Portfolio management 4th (2017) is available for purchase and download.
- Portfolio Life Cycle is properly defined;
- Performance Management is detailed into Capacity, Capability, and Value management
- Stakeholder Engagement instead of Communication management
- Linkage to Business Strategy Execution is defined
- Portfolio Governance is defined as a separate area, including roles and responsibilities
- Risk management as the leading area in Portfolio management. Risk Appetite.
Our instant partner – Dr. Danil Dintsis is the Standard Exposure Review Team member.
PMI(r) has officially informed education providers (R.E.P.’s) that:
- PMP(r) preparation courses should START upgrading to PMBOK6th since January 1st, 2018.
- Other PDU-granted courses based on PMBOK5th are valid till March, 26th, 2018 – the date when new PMBOK6th based exam takes place.
- PMP(r) exam will be still based on the same ECO, so its structure remains unchanged.
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The new PMBOK sixth edition is available now.
It contains a Project management Standard and Practice Tools and Techniques.
Different project models such as waterfall, phased, iterative, and adaptive are described. The Agile practices are separated into an additional Practical Guide.
The new knowledge area – Knowledge management – expanded the Execution process group.
Time management is Schedule management now, and
Human Resource management became simply Resource management, and it covers management of all types of resources.
The PMI has announced the changes in PMP and other Project management certifications in connection with PMBOK Sixth is available since September, 6th.
The main change is a new chapter concerning project manager’s leadership skills: communication, team skills, business strategy understanding, and others.
Some updates concern new terminology and chapters renaming.
The exam update is announced in Q1 2018 with more strict date coming soon.
Why well-organized, equipped, and managed projects fail? Murphy law? Psychological factors? Attention to details?
I recommend a very useful webinar: https://www.projectmanagement.com/videos/396187/Why-do-projects-fail–Murphy-s-law-
According to a survey of almost 25000 project managers all over the world the average annual income of non-certified managers is $91000, while the PMP holders earn about $111000.
The research is available at: http://www.pmi.org/-/media/pmi/documents/public/pdf/learning/project-management-salary-survey.pdf?la=en