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PROJECT MANAGEMENT
- MANUFACTURING
In your group, select a project that you like, this could be a social event or your study plan or any other project.
Create a project plan for your project. Be as much detailed as you can.
Present your plan to your classmates
What else would you add to your plan?
What are the challenges you face?
Listen to other groups presentations, did they miss anything in their plan?
CAREER IN PROJECT MANAGEMENT
Growth: According to PMI, demand for the project managers over the next 10 years is growing faster than demands for other
occupations.
Higher pay rate
Transferable skills
Opportunity for advancement
Job Titles:
Project coordinator
Project scheduler
Assistant project manager
Project manager
Program manager
Portfolio manager
Source: https://www.pmi.org/learning/careers/talent-gap-2021
PMI AND PROJECT MANAGEMENT CERTIFICATIONS
“ISO 21500:2021, Project, programme and portfolio management — Context and Concepts, is an international
standard developed by the International Organization for Standardization, or ISO starting in 2007 and released in
2021. It is intended to provide generic guidance, explain core principles and what constitutes good practice in
project management.[1] Also ISO 21502:2020 Project, programme and portfolio management — Guidance on
project management, gives the guidelines for project management.
Source: https://www.pmi.org/learning/careers/job-growth
PMI CERTIFICATIONS
The previous standard was mostly process based. Inputs, outputs and tools and techniques were the heart of the
standard
In the new standard models methods and artifacts replace what was considered tools and techniques and outputs
of the processes.
It was deemed to be focused on traditional approach to project management. The new standard is more PM
approach agnostic. This is mainly due to growth of software elements in products and emergence of new project
management approaches such as Agile.
The new standard is principle based not process based. The principles capture generally accepted objectives for
the project management practice.
CHANGES FROM SIXTH EDITION TO SEVENTH EDITION
Previous standards are still valid and not negated by the new standard, it is rather a new approach.
The new standard has a system view and looks at project management as a value delivery system.
Previous standards were focused on outputs, the new standard is focused on outcomes that deliver value to
stakeholders.
Previous standard shifts from knowledge areas (such as cost, schedule, etc.) to “performance domains”. A
performance domain contains related activities that are essential for project delivery.
SUMMARY OF
PMBOK
STRUCTURE,
SEVENTH
EDITION
CHANGES
Frequently used project management terms have distinct. clear and concise definitions.
Example: what is a project deliverable?
Deliverable is any unique and verifiable product, result, or capability to perform a service that is produced to complete a
process, phase, or project.
Do not interpret the terms literally.