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1983 called the “Ethics, Standards, and Accreditation Committee Final Report. The second edition was published in 2000. The “Sixth Edition” was released in September 2017. Generally recognized’ means the knowledge and practices described are applicable to most projects most of the time and there is a consensus about their value and usefulness. Good practice’ means there is a general agreement that the application of the knowledge, skills, tools, and techniques can enhance the chance of success over many projects. Processes overlap and interact throughout a project or its various phases. A Guide to the Project Management Body of Knowledge — Sixth Edition provides guidelines for managing individual projects and defines project management related concepts.
It also describes the project management life cycle and its related processes, as well as the project life cycle. The PMBOK as described in the Guide recognizes 47 processes that fall into five basic process groups and ten knowledge areas that are typical of most projects, most of the time. Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. Those processes performed to finalize all activities across all Process Groups to formally close the project or phase. Processes in this area include Procurement Planning, Solicitation Planning, Solicitation, Source Selection, Contract Administration, and Contract Closeout. Each of the ten knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve effective project management. Each of these processes also falls into one of the five process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group.
The PMBOK is a widely accepted standard in project management, however there are alternatives to the PMBOK standard, and PMBOK does have its critics. The PMBOK Guide section on Project Time Management does indicate Critical Chain as an alternative method to Critical Path. Fifth Edition, Project Management Institute Inc. The underlying theory of project management is obsolete’, Proceedings of the PMI Research Conference 2002, 293-302.
This page was last edited on 11 January 2018, at 20:37. This page was last edited on 30 November 2017, at 00:41. Organizations are increasingly using project management techniques within their operations and the specialist language of project management has become more and more commonplace in managerial and executive meetings. This trend is here to stay and it means that managers need to be familiar with project management roles, terms and processes. Managers now find that they are frequently involved in projects that are being managed using a formalized project management methodology.