Managing Projects With PMBOK 7 Connecting New Principles With Old Standards James W. Marion and Tracey Richardson 2nd Edition Complete And Study material 264pages LEARNEXAMS

Description The Guide to the Project Management Body of Knowledge (PMBOK) published by the Project Management Institute provides a roadmap of performance domains designed to support project managers in all phases of project management. The sheer number of models, methods, and artifacts may leave project managers in a quandary about where to start and how to apply the many components. This book provides a simple explanatory guide for the layman that clarifies the “big picture” of the PMBOK. Keywords project management; PMBOK; uncertainty; project performance domains 5 Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Contents Introduction Stakeholder Performance Domain Team Performance Domain Development Approach and the Life Cycle Performance Domain Planning Performance Domain Project Work Performance Domain Delivery Performance Domain Measurement Performance Domain Uncertainty Performance Domain Tailoring References About the Authors Index 6 CHAPTER 1 ♥Introduction The seventh edition of the Guide to the Project Management Body of Knowledge (PMBOK) (PMBOK® Guide 2021) ushered in a new era for the practice of project management. The traditional focus of the PMBOK was on processes and process guidance: project manager’s approach to work—be it project phases or entire projects using the sequential elements of the five process groups (initiating, planning, executing, monitoring, and controlling, and closing). Also, traditionally, the ten knowledge areas included guidance for creating and managing all the subplans which together formed an overall project plan. PMBOK 7 approaches the challenges associated with managing projects with a different way of thinking. The first noticeable change is the integration of The Project Management Standard (2021) into the PMBOK. Instead of dictating processes to follow, The Project Management Standard emphasizes eleven principles to consider when managing projects: Stewardship, Team, Stakeholders, Value, Systems Thinking, Leadership, Tailoring, Quality, Complexity, Risk, Adaptability and Resiliency, and Change. PMBOK 7 includes eight performance domains that describe elements which are considered essential for successfully managing a project. The principles are said to guide the behavior of project managers as they carry out the project performance domains. The eight performance domains are Stakeholders, Team, Development Approach and Life Cycle, Planning, Project Work, Delivery, Measurement, and Uncertainty. Finally, in addition to performance domains, PMBOK 7 provides an encyclopedic list of “Models, Methods, and Artifacts” that are employed to manage projects and manage within the given performance domains. The advantage to taking a “principle” versus a “process” approach is that The Project Management Standard and The PMBOK Guide are no longer prescriptive in its guidance. This is considered important in an era where