What’s new in PMBOK® 5!

Multisoft Virtual Academy | August 10, 2015 | Project Management | No Comments

Project Management Professional (PMP®) is the most prestigious and in-demand credential for Project Managers globally. The PMP® certificate is the strong validation that the professional holds enough experience, education and competency in order to efficiently direct projects of variegated nature.

PMI®, the authoritative body for conducting certification exam and awarding the credential, announced major changes in the PMBOK® Guide version 5. The current version, which is PMBOK® Guide version 5, will remain active till 11 January 2016 giving way to the newer version and hence it has become the next mission of PaPM training globally to get in-depth understanding about the major alterations and changes in the newer version.

Where did the change in PMBOK®start?

The recent Role Delineation Study (RDS) by PMI® provided a new updated description of the Project Management Professional role. The research, which included a survey of active Project Management Professional credential holders and the challenges they face in the real time, forms the basis of the necessary updates in the PMBOK®. Consequently, the newer version is loaded with several additions in each domain making it more relevant and up-to-date.

RDS is usually conducted at an interval of 3-5 years which ensures that the exam is in line with the most updated requirements.

Major Changes which will impact the PMP®Exam

Each domain has undergone certain changes. As per the new framework:

Domain	Percentage of Items on Test (New Version)	Percentage of Items on Test
Initiating	13%	13%
Planning	24%	24%
Executing	31%	30%
Monitoring and Controlling	25%	25%
Closing	7%	8%
Total	100%	100%

Domain 1: Initiating the Project Let’s have a look at the major changes which will have a direct bearing on the examination for PMP®.Following is the list of the newly added content in all the domains (source: PMI® website)

Three new tasks have been added:

Task 2	Identify key deliverables based on the business requirements in order to manage customer expectations and direct the achievement of project goals.
Task 7	Conduct benefit analysis with relevant stakeholders to validate project alignment with organizational strategy and expected business value.
Task 8	Inform stakeholders of the approved project charter to ensure common understanding of the key deliverables, milestones, and their roles and responsibilities.

Domain 2: Planning the Project

One task has been added:

Task 13

Develop the stakeholder management plan by analyzing needs, interests, and potential impact in order to effectively manage stakeholders’ expectations and engage them in project decisions.

Domain 3: Executing the Project

Two tasks have been added:

Task 6	Manage the flow of information by following the communications plan in order to keep stakeholders engaged and informed.
Task 7	Maintain stakeholder relationships by following the stakeholder management plan in order to receive continued support and manage expectations.

Domain 4: Monitoring and controlling the Project

Two tasks have been added.

Task 6	Capture, analyze, and manage lessons learned, using lessons learned management techniques in order to enable continuous improvement.
Task 7	Monitor procurement activities according to the procurement plan in order to verify compliance with project objectives.

Domain 5: Closing the project

No new tasks have been added.

The additions in current version evade the possibilities on inconsistency and other bottlenecks in the process and at the same time widen the scope of the overall process.

Important Date:

11 January 2016: Last date till the candidates can take the examination aligned to PMBOK® 5 older version. After that only the new version of PMP® exam will be administered. This does not mean that the process is altered. The requirements remain the same for PMP® examination. The reporting format and the process remains the same as previous.

Candidates looking forward to crack the PMP® certification with the older version of PMBOK®5 have got a relatively short span of time to make the move. Whether you are looking forward to hit the existing version of PMBOK®5 or get in grasp with the newer PMBOK® version, getting enroll in an accredited preparatory program can solve a lot of problems. Multisoft, being PMI®’s Registered Education Provider (REP), provides the insightful training’s and workshop which goes a long way in easing your certification journey. Stay tuned for the upcoming PMP® certification courses!

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