Unboxing PMBOK7 Article#1

This is the first of a series of unboxing PMBOK7 articles explaining PMBOK7 which will help the readers to bridge between PMBOK6 and Agile to PMBOK7 very easily. Again I want to reiterate the fact that the foundations of project management cannot be disrupted very easily. If you know the basics of predictive project management and agile project management, then it is only a matter of establishing a traceability to the PMBOK7 structure. PMI, the publishers of PMBOK have time and again highlighting the fact that PMBOK is only a reference material and need not be mastered and remembered end to end like every other reference material. With these Unboxing PMBOK7 articles, my goal is to make the transition from PMBOK6 to PMBOK7 as smooth as possible.

Structure of PMBOK 7

From PMBOK version 6 onwards, PMI was trying to catch up with Agile Project Management (APM) which is the most suitable for managing certain types of projects, especially those ones where the scope is continuously evolving and the technology component is fast changing. PMBOK Version 7 can be seen as a natural progression of it. Like the 12 Agile Principles, which are the foundation of all agile frameworks, PMBOK7 also has 12 governing principles at the apex level followed by other components as shown in the diagram below.

Click on the diagram to zoom

12 Governing Principles

At the apex level are the 12 governing principles. These 12 principles based on the project management professions ethics governs the actions and behaviors of project management practice regardless of whether one is following predictive or adaptive project management styles.

  1. Stewardship – Be a diligent, respectful, and caring steward
  2. Team – Build a culture of accountability and respect
  3. Stakeholders – Engage stakeholders to understand their interests and needs.
  4. Value – Focus on value.
  5. Holistic Thinking – Recognize and respond to systems’ interactions.
  6. Leadership – Motivate, influence, coach, and learn.
  7. Tailoring – Tailor the delivery approach based on context.
  8. Quality – Build quality into processes and results.
  9. Complexity – Address complexity using knowledge, experience, and learning.
  10. Opportunities & Threats – Address opportunities and threats.
  11. Adaptability & Resilience – Be adaptable and resilient.
  12. Change Management – Enable change to achieve the envisioned future state.

Project performance domains

The second level comprises of the project performance domains;

  1. Team
  2. Stakeholders
  3. Life cycle
  4. Planning
  5. Navigating uncertainty and ambiguity
  6. Delivery
  7. Performance
  8. Project work

Models, methods & artifacts for enabling outcomes

This section at the third level more or less looks like the Inputs, Tools & Techniques and Outputs re-grouped as models, methods and artifacts. For each project outcome we have a set of models, methods and artifacts which help to achieve the project outcome.

At the fourth level is the PMIstandards+ digital platform which will guide on the application of Models, methods and artifacts based on project type, development approach and industry sector.

changes-to-pmbok-guide-7th-edition PMBOK 7th Edition - Coming in August 2021 - What is changing?
Courtesy – Project Management Institute (PMI), USA

New 10 Week PMdistilled PMP Plan / Program based on PMBOK7

Project trends 2021

World over the way people work have changed. Organizations are forced to re-think their business strategies to survive first and then to grow in a new world order characterized by;
  • Organizations sparing no opportunity to maintain / improve bottom lines
  • Organizations trying to go-global looking for new markets for existing products and services
  • Organizations rapidly innovating new products and services for their current markets and beyond
  • Organizations leveraging the gig economy

In a nutshell, everything in the corporate environment have become dynamically agile, where business owners are trying their best to maximize return on their investments. As a timely coincidence, leading organizations like the Project Management Institute (PMI) started their initiatives long back to converge the Predictive and Agile Project Management best practices, as if they could foresee the forthcoming new world order well in advance. All these have major impact on how we collaborate and work on projects. The concept of permanent employment have already become a matter of the past, as organizations are actively seeking flexibility in resourcing to optimize costs.

People with proven skill sets and the ability to learn fast with good work ethics will be sought after. Professionals with the ability to deliver value at the right time, with almost zero supervision, working remotely will be in demand globally. The geographical constraints of employment will become almost zero for the right people who can proactively identify the new opportunities and gear up. In this new world order, our professional profiles matters a lot to market ourselves. You are a brand, and that brand has to be continuously nourished to be in demand. This is the right time to equip yourself with new in demand skills supported by globally acknowledged credentials. Project Management 2021, is all about highly skilled, motivated individuals, working on their projects of choice as self organizing teams, demonstrating high degree of work ethics.

Get ready and embrace the Change !

PMdistilled PMP fastrack program

Scholarship for PMP Certification

We are announcing scholarships for PMP certification, especially for those whose jobs are affected due to the pandemic, and their qualification and experience satisfies all the criteria prescribed by the Project Management Institute (PMI) for PMP certification.

To start with, every month we offer free education to two professionals, who are the most deserving based on their professional track record and the present professional status.

If you really feel that a PMP certification will improve your career prospects , and if you are committed to put in the required effort to complete the PMP preparation course, then apply. It will take approximately 40 hours to complete the course. Upon successful completion of the course you will awarded 40 hours course completion certificate by PMRI.

You can apply by contacting us with a link to your linkedin profile.

We thank our sponsors for supporting us.

Best Wishes

team @ PMRI

Note : This Scholarship covers the 35 contact hours training. The PMP exam fees is not covered as of now. Hopefully we will be able to cover that as well in the future, as we get more sponsors for scholarships.

If you are interested to sponsor a Scholarship, Contact us

The Top 5 Highest Paying PMP Jobs

Here is a well researched article about the value of PMP certification. This is to all who still debates about the value of it. After having trained more than 10000 professionals from various countries, I have seen many experienced project managers not qualifying for some great jobs because they are not PMP certified. Iam not saying that all PMP certified project managers are great. Like every other profession, your greatness is determined by the results and PMP credential along with your experience and drive will improve your career success prospects.

Click the link below to read the recommended article.

https://blog.capterra.com/top-5-highest-paying-pmp-jobs/