Project Management Body of Knowledge (PMBOK) Guide - 7th Edition

Introduction

• Comprehensive guide to PMBOK 7th Edition.
• Focus on key principles, performance domains, tailoring, and methodologies.

12 Principles of Project Management

1. Be a diligent, respectful, and caring steward.
2. Create a collaborative team environment.
3. Effectively engage with stakeholders.
4. Focus on delivering value to the organization or customers.
5. Recognize, evaluate, and respond to system interactions.
6. Demonstrate leadership behaviors.
7. Tailor projects based on organizational context.
8. Build quality into processes and deliverables.
9. Navigate complexity.
10. Optimize risk responses.
11. Embrace adaptability and resiliency.
12. Enable change to achieve the envisioned future.

Sections of PMBOK

1. Project Performance Domains
2. Tailoring Performance Domains
3. Models, Methods, and Artifacts

Project Performance Domains

Stakeholder Performance

• Focus on productive relationships.
• Key terms: Stakeholders, influence circles.
• Identify, understand, analyze, prioritize stakeholders.
• Communication methods: Push & Pull.

Team Performance

• Aim for shared ownership and high-performing teams.
• Key terms: Leadership types, centralized vs. distributed.
• Team development includes clear roles, vision, objectives.
• Establish a safe, respectful project culture.

Development Approach and Lifecycle

• Ensure consistency with deliverables and stakeholder engagement.
• Key terms: Deliverable, cadence, life cycle.
• Development approaches: Predictive, Adaptive, Hybrid.

Project Planning Performance

• Organized progression adapting to emerging information.
• Estimating: Accuracy, precision, confidence.
• Budget planning: Cost baselines, reserves.
• Schedule management: Crashing, fast tracking.

Project Work

• Efficient and effective project execution.
• Focus on communication, resource management, and continuous improvement.
• Use of lean methods, retrospectives.

Delivery Performance

• Ensures project contributes to business objectives.
• Value delivery methods: Adaptive vs. Predictive.
• Requirements management, avoiding scope creep.

Measurement Performance

• Reliable project status evaluation.
• Use of KPIs, dashboards, and effective metrics.
• Measurement pitfalls: Hawthorne effect, vanity metrics.

Uncertainty Performance

• Manage uncertainty, ambiguity, complexity, and risk.
• Techniques for ambiguity: Progressive elaboration, prototyping.
• Risk management strategies: Mitigation, transfer, acceptance.

Tailoring

• Adapt project management approach to fit specific environments.
• Consider project size, complexity, and organizational maturity.
• Tailoring process: Initial approach selection, ongoing improvement.

Models, Methods, and Artifacts

Models

• Situational Leadership, Communication Models.
• Motivation Models: Herzberg, McGregor’s X, Y, Z.
• Change Models: ADKAR, Kotter’s 8 Steps.

Methods

• Data gathering and analysis techniques: SWOT, regression analysis.
• Estimating methods: Wideband Delphi, story points.
• Meeting methods: Daily stand-ups, retrospectives.

Artifacts

• Strategic documents: Business case, project charter.
• Plans: Communication, risk, resource management.
• Visual data: Gantt charts, dashboards.

Conclusion

• Mastering PMBOK 7th Edition enhances project management competency.
• Continuous learning and adaptation to various project environments are crucial.
• Encouraged to utilize knowledge to improve project outcomes and personal growth.