What are changes on PMBOK 7th Edition Coming in August 2021?

PMI reported the PMBOK® seventh Edition openness draft in January 2020 to audit the project management area. PMBOK seventh Edition will be delivered on August 1, 2021. If you want to obtain your PMP certificate, PMBOK can be regarded as the essential study material when preparing for the PMP exam. Accordingly, PMBOK’s seventh version will guide PMP and CAPM certification tracks of PMI, and the training suppliers will refresh their materials dependent on this change.

Table of Contents

When will the PMBOK seventh Edition be distributed?

Given PMI pages, PMBOK seventh Edition is planned for publishment on August 1, 2021. Notwithstanding, the PMP exam won’t be founded on PMBOK seventh Ed just after the publishment. It is excepted that the PMP exam will be based on PMBOK seventh Ed by Jan 2022.

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For what reason is PMBOK® evolving?

With traditional methods of project management, it’s impossible to satisfy quickly changing necessities to the undertakings. That is the reason agile project management strategies and approaches arose during the 2000s. These agile structures began to be embraced by numerous associations in project management, particularly in the IT industry.

PMP is the most trustworthy project management certification on the global, with almost 1,000,000 PMP certification holders. PMBOK is the foundation of the PMP affirmation exam content. Since the project management approaches, widespread structures, and patterns are changing, PMBOK should also apply to the project management profession’s changing elements. That is the principal motivation behind why PMBOK is changing each three to five years.

What is changing in PMBOK Guide – Seventh Edition

PMBOK seventh Edition will be founded on principles instead of processes, and it will be a lot more limited than the current version.

Depending on the characteristics of the project, the industry, the stakeholders, and the organization’s requirements, project managers often use different approaches in delivering the project. These approaches can be predictive, agile, hybrid, or waterfall. The critical point is that project management standards must not be biased towards one approach. Project management standards must focus on successful projects and value delivery.

Principle versus Process-Based Project Management

In PMBOK Seventh, project management standards will be rule-based as opposed to measures. There are PMBOK information regions in current and past PMBOKs, and every information region has measures, inputs, instruments, procedures, and yields. These cycles won’t be accessible in PMBOK seventh Edition. There will be principles that are by and large acknowledged and rehearsed in the project management. While current and past PMBOK versions were zeroing in on expectations, developing venture elements, center around general project results, and new PMBOK will zero in on results instead of expectations.

This doesn’t imply that process-based approaches are not significant or valuable any longer. Numerous associations and project management specialists keep on utilizing traditional undertaking the board conveyance techniques. Customary methodologies stay significant with regards to PMBOK seventh Edition too.

In PMBOK seventh Edition, projects don’t just create items or expectations. Tasks convey results, and these results carry worth to the association and its partners.

Visual Conclusion of PMBOK seventh Edition Changes

There are three presentation parts in PMBOK and, afterward, ten information regions in PMBOK sixth Edition. In PMBOK seventh Edition, rather than knowledge areas, there will be performance domains. In addition, there will tailor, Models, Methods, and Artifacts sections too.

PMBOK Sixth Edition has five project management interaction gatherings: initiating, planning, executing, monitoring & controlling, and closing. For every information region, measures have a place with these interaction gatherings. For example, the gauge costs measure is an interaction with arranging cycle gathering and cost the board information region.

In PMBOK’s seventh release, there will be a shift from the process-based way to deal with the principle-based methodology. There will be 12 Project Delivery Principles and a Value Delivery System. The Value Delivery System will zero in on conveying significant results as opposed to expectations. Ventures are central parts of the Value Delivery System, and standards will direct the Project Managers, Team Members, and partners on the best way to accomplish planned results to convey worth to the association and partners.

The diagram above shows the Value Delivery System approach that accompanies PMBOK Version 7. According to this framework, the following combinations or speculations are selected for an association’s approach, tasks, or objectives. The portfolio can include sub-portfolios, projects or tasks. To ensure the goals of the portfolio, projects and risks should be communicated to meet their intended objectives. Considering the results of the activities, the business impact is profiled, and the portfolio is evaluated or adapted to future developments.

When the cause is communicated effectively, the expected business value should also be obtained by the association. This is called the “realization of business value.” Considering the recognized business value and the results of the communicated project, the association infers their approach to initiate a new portfolio.

Project teams can produce results by using different delivery methods. For some projects, activities may be well-defined, and results can be achieved by completing them. However, for some projects, there may be ongoing activities that monitor and articulate the results of previous activities to determine the next steps in the project. For some projects, “project management” may not be an appropriate term. Therefore, in PMBOK version 7, “project delivery” is used instead of “project management” to cover the project’s outcomes and deliverables.

Project Delivery Principles

There will be 12 standards in PMBOK’s seventh version, and these standards characterize the “what” and “why” of the task conveyance. Task conveyance standards depict a central truth, standard, or esteem and not prescriptive. To guarantee the planned results of the undertaking conveyance, project colleagues should follow these standards. Coming up next are the 12 standards.

Stewardship: Be a persevering, deferential, and caring steward.
Team: Build a culture of responsibility and regard.
Stakeholders: Engage partners to comprehend their inclinations and requirements.
Value: Focus on esteem.
Holistic Thinking: Recognize and react to frameworks’ connections.
Leadership: Motivate, impact, mentor, and learn.
Tailoring: Tailor the conveyance approach dependent on the setting.
Quality: Build quality into cycles and results.
Complexity: Address intricacy utilizing information, experience, and learning.
Opportunities and Threats: Address openings and dangers.
Adaptability and Resilience: Be versatile and tough.
Change Management: Enable change to accomplish the imagined future state.

New Platform Coming with PMBOK Seventh Edition: The Standards Plus™ Interactive Digital Content Platform

The Standards Plus™ intelligent computerized content stage will be connected to PMBOK Seventh Edition through the Models, Methods, and Artifacts area. This stage will reflect “how to… ” about current, arising, and future practices, strategies, relics, and other helpful data. Guidelines Plus intends to begin with ITTOs from PMBOK Sixth Edition and join new assets since the project management is developing.

Visual from PMI Regarding Changes from the PMBOK sixth Edition to the PMBOK seventh Edition.

PMI, as of late, shared the accompanying visual concerning the progressions from PMBOK sixth to the seventh Edition.

Conclusion of PMBOK Seventh Edition Changes

The biggest change is the shift from “process-based project management” to “principle-based project delivery.” Project delivery focuses not on processes, inputs, outputs, tools, and techniques but principles and results.

Knowledge domains will no longer exist in the PMBOK. There will be performance areas. There will be a new digital platform. Standards Plus connected to the PMBOK. This platform will showcase current, emerging, and future project delivery practices for project practitioners to use.

PMI is planning to release the Seventh Edition of the PMBOK by August 1, 2021. The latest exam changes to the PMP exam occur on January 2, 2021. PMP Exam Updated on 2 Jan 2021–What You Need to Know About PMP exam changes

The PMBOK 7th Edition has radical changes, with significant changes from waterfall project management techniques to agile and a holistic approach to project delivery. We recommend preparing for and taking the PMP exam before the changes. For that, you should take SPOTO PMP training before the changes.