Project Management Institute, Northeast Florida Chapter Learning Materials PMI PMBOK(R) Guide A Guide to the Project Management Body of Knowledge Rita Mulcahy PMP Exam Prep, Eighth Edition: Rita's Course in a Book for Passing the PMP Exam PMI - PMBOK (R) - 5th EditionRita Mulcahy - 8th Edition

Why is the PMP Exam Changing? 1.Project Management Professional Continues to evolve 2.PMP Exam must reflect current practice  Every 3-5 years each certification is updated to ensure relevancy through a Role Delineation Study (RDS)

What is an RDS? Serves as the foundation for the PMP exam (and ensures its validity and relevance) Examines the role of a project manager (Steering Group) Determines the key competency areas – Domains of practice, tasks, knowledge, skills performed by a PM Validated by larger industry (survey) Output = PMP Exam Content Outline

What is the difference between an RDS and PMBOK Update? RDS Update RDS Update Results in new exam content outline Shifts weighing of exam Introduces new topic to exam PMBOK Update PMBOK Update May result in terminology changes Process Groups may change PMBOK not the only reference for exam

What has Changed? Process Groups – Initiating – Planning – Executing – Monitoring and Controlling – Closing Domains – Initiating – Planning – Executing – Monitoring and Controlling – Closing

 The five domains of practice for the PMP remain the same  However, tasks with each domain have been modified, added, or removed  Important Date: January 11, 2016 is the last day to test under current version of the PMP exam  Present exam content outline dated August 2011 How the PMP Exam is Affected How the PMP Exam is Affected

PMP Exam Outline Domain I.Initiating II.Planning III.Executing IV.Monitoring and Controlling V.Closing Total Percentage of Items on Exam 13% 24% 31% 25% 7% 100%

 Business Strategy  Lessons Learned  Project Charter  Stakeholder Relations Why was the new content added? Why was the new content added?

 Domain 1  Domain 1, Initiating the Project – 3 tasks added: task 2, task 7, task 8  Domain 2  Domain 2, Planning the Project – 1 task added: task 13  Domain 3  Domain 3, Executing the Project – 2 tasks added: task 6, task 7  Domain 4  Domain 4, Monitoring and Controlling the Project – 2 tasks added: task 6, task 7  Domain 5  Domain 5, Closing the Project – no new tasks added Newly Added Content Newly Added Content

New Tasks  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 stakeholders (including sponsor, customer, subject matter experts). In order to validate project alignment with organization strategy and expected business value.  Task 8: Inform stakeholders of the approved project charter, in order to ensure common understanding of the key deliverables, milestones,and their roles and responsibilities. New Tasks  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 stakeholders (including sponsor, customer, subject matter experts). In order to validate project alignment with organization strategy and expected business value.  Task 8: Inform stakeholders of the approved project charter, in order to ensure common understanding of the key deliverables, milestones,and their roles and responsibilities. Domain 1: Initiating the Project Domain 1: Initiating the Project

New Tasks  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. New Tasks  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 2: Planning the Project Domain 2: Planning the Project

New Tasks  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 plan, in order to receive continued support and manage expectations. New Tasks  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 plan, in order to receive continued support and manage expectations. Domain 3: Executing the Project Domain 3: Executing the Project

New Tasks  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 the procurement plan, in order to verify compliance with project objectives. New Tasks  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 the procurement plan, in order to verify compliance with project objectives. Domain 4: Monitoring & Controlling the Project Domain 4: Monitoring & Controlling the Project

No New Tasks Domain 5: Closing the Project Domain 5: Closing the Project

Skills Requirements Skills requirements have now been added for each Domain. – This can aid in learning areas or interviews

Knowledge and Skills Required  Analytical Skills  Benefit analysis techniques  Elements of a project charter  Estimation tools and Techniques  Strategic Management Knowledge and Skills Required  Analytical Skills  Benefit analysis techniques  Elements of a project charter  Estimation tools and Techniques  Strategic Management Domain 1: Initiating the Project Domain 1: Initiating the Project

Knowledge and Skills  Change Management Planning  Cost Management Planning  Communications Planning  Contract Types and Selection Criteria  Estimation tools and techniques  Human Resources planning  Lean and efficiency principles  Procurement planning  Quality Management Planning Knowledge and Skills  Change Management Planning  Cost Management Planning  Communications Planning  Contract Types and Selection Criteria  Estimation tools and techniques  Human Resources planning  Lean and efficiency principles  Procurement planning  Quality Management Planning Domain 2: Planning the Project Domain 2: Planning the Project Requirements Gathering techniques Regulatory and Environmental Impact Assessments Risk Management Planning Scope Deconstruction Scope Management Planning Stakeholder Management Planning Time Management Planning – including scheduling tools Workflow Diagramming techniques

Knowledge and Skills  Continuous Improvement Processes  Contract Management Techniques  Elements of a Statement of Work  Interdependencies among project elements  Project Budgeting tools and Techniques  Quality Standard Tools  Vendor Management Techniques Knowledge and Skills  Continuous Improvement Processes  Contract Management Techniques  Elements of a Statement of Work  Interdependencies among project elements  Project Budgeting tools and Techniques  Quality Standard Tools  Vendor Management Techniques Domain 3: Executing the Project Domain 3: Executing the Project

Knowledge and Skills  Performance measurement and tracking techniques  Process analysis techniques  Project control limits  Project Finance Principles  Project monitoring tools and techniques  Project Quality best practices and standards  Quality Measurement tools  Risk identification and analysis techniques  Risk Response Techniques  Quality validation and verification techniques Knowledge and Skills  Performance measurement and tracking techniques  Process analysis techniques  Project control limits  Project Finance Principles  Project monitoring tools and techniques  Project Quality best practices and standards  Quality Measurement tools  Risk identification and analysis techniques  Risk Response Techniques  Quality validation and verification techniques Domain 4: Monitoring & Controlling the Project Domain 4: Monitoring & Controlling the Project

Knowledge and Skills  Archiving practices and statutes  Compliance  Contract Closure Requirements  Close Out procedures  Feedback Techniques  Performance Measurement techniques  Project review techniques  Transition planning techniques Knowledge and Skills  Archiving practices and statutes  Compliance  Contract Closure Requirements  Close Out procedures  Feedback Techniques  Performance Measurement techniques  Project review techniques  Transition planning techniques Domain 5: Closing the Project Domain 5: Closing the Project