The 4th edition of A Guide to the Project Management Body of Knowledge (PMBOK® Guide) continues the on-going efforts of the Project Management Institute to provide practitioners with an easy to understand and implement standard for the fundamental practices of project management. As the basis for much of the Project Management Professional (PMP) examination, understanding the PMBOK® Guide is fundamental not only for practitioners but for all those planning on taking the exam. This presentation provides an overview of the major differences between the PMBOK® Guide's 3rd and 4th editions, including the areas of process changes, terminological changes, and differences in emphasis.

1. A Guide To The Project Management Body of Knowledge (PMBOK) Significant Changes from the 3 rd edition to the 4 th edition

15. Knowledge Area: Communications Management Initiating Process Group Process: Identify Stakeholders “ The process of identifying all people or organizations impacted by the project, and documenting relevant information regarding their interests, involvement, and impact on project success.” -PMBOK

22. Example: Power/Interest Grid Keep Satisfied Manage Closely Monitor Keep Informed Power Interest High High Low Low

27. Knowledge Area: Scope Management Process: Collect Requirements Planning Process Group “ Scope Planning – Collect Requirements is the process of defining stakeholders needs to meet the project objectives.” -PMBOK

33. Knowledge Area: Communications Management Process: Manage Stakeholder Expectations Monitoring & Controlling Process Group “ Manage Stakeholder Expectations – The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur.” - PMBOK

47. The Three Baselines Scope Planning Scope Definition Create WBS Activity Definition Act. Res. Estimating Activity Duration Est. Activity Sequencing Schedule Develop. Cost Estimating Cost Budgeting*

48. The Three Baselines Collect Require. Define Scope Create WBS Define Activities Est. Activity Resources Est. Activity Durations Sequence Activities Develop Schedule Estimate Costs Determine Budget

65. Composite Organization Project A Coordination Project Members Project B Coordination