PMBOK® Guide Fifth Edition – What’s new?

The PMBOK^® Guide Fifth Edition was published earlier this year (January 2013).  What does this mean for you?

CAPM® and PMP® Credential Examinations

First of all if you are considering doing your Project Management Professional (PMP®) or Certified Associate in Project Management (CAPM®) certification, cutover dates apply:

If you are already a PMP® of good standing (that is you have already passed the exam and have been maintaining your professional development units) you do not need to re-do the PMP® exam.

For those holding the CAPM® credential this is valid for 5 years from date of successful completion of your exam.

Major Updates to the PMBOK® Guide

According to the Project Management Institute (PMI®), the Fifth Edition PMBOK® Guide reflects the evolving knowledge within the profession of project management and represents generally recognized good practice in the profession.

Major updates include:

• A new Knowledge Area, Project Stakeholder Management, has been added, focusing on identifying and engaging stakeholders.  This increases the number of Knowledge Areas from nine to ten.
• Four new planning processes have been included to reinforce the concept that each Knowledge Area requires a planning focus in terms of how that area will be planned and executed.  The processes are:

1. Plan Scope Management
2. Plan Schedule Management
3. Plan Cost Management
4. Plan Stakeholder Management

• The Standard for Project Management of a Project has now been moved to an Annex of the PMBOK® Guide.  This positions the Standard for Project Management away from the main body of the Guide, allowing for the evolution of the PMBOK® guide separate from the actual Standard.

As a result of the update, the PMBOK Fifth Edition now has 47 project management processes (Fourth Edition has a total of 42 processes).  The following table reflects the mapping of the project management processes within the 5 Project Management Process Groups and 10 Knowledge Areas.

Click here to download the 10 Knowledge Areas

PMI®-PMP®/CAPM® Exam Preparation Workshop (5 days)

PMBOK®, PMI®, PMP® and CAPM® are registered trademarks of Project Management Institute, Inc.

©Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition