PM in Practice | PMBOK Guide - Sixth Edition

1 PM in Practice | PMBOK Guide - Sixth EditionPROJECT MANAGEMENT WEBINAR Things to All participants will be on mute Questions are welcome Use the question box to ask questions PM training is valid for 1 PDU Must be in attendance for full session PDU certificate sent by the end of the day Recording and slides sent by tomorrow Alexa Ortega-MendozaProject InsightMarketing Project InsightWork Better Together with Project Insight! Request FREE DEMO: Sign up for PI#team for FREE! PI#pros are here for you! +1 (949) 476-6499 x3 Diane BuckleyCEO, Core Performance Concepts in project management, PMP and CAPM certification, leadership, business analysis, agile and six and CAPM are registered trademarks of the Project Management Institute Diane WhiteInstructor and Curriculum DevelopmentTraining in project management, PMP and CAPM certification, leadership, business analysis, agile and six sigmaPast PMI Chapter President & Global PMI and CAPM are registered trademarks of the Project Management Institute PMBOK Guide - Sixth Edition .

2 Changes You Can Use Review of changes for the PMBOK Guide - Sixth Edition and impact on PMP certification examination Your questions Explore ways to put the updates into Practice Review -Impacts to the PMP Exam PMP Study Plan Should I make a plan to take the exam and do you have a sample? Yes! Download sample at Solutions -Resources References Exam Content Outline Handbook Key Changes Chapter 3 is new section on focused on PMs role The PMI Talent Triangle Technical, Leadership, Strategic/Business Processes renamed What is the main driver for changing control process to monitor ? Example: Control Communications renamed toMonitor Communications Which of the following does research NOT show that the top 2% of project managers relationship focus on clear communication with all commitment to following a defined project management positive attitudeSample Question Key Changes 49 total processes instead of 47 Chart, page 25 1 Process Removed Close procurement Administrative closure for procurements was incorporated into Close Project or Phase (Integration) 3 Processes Added Manage Project Knowledge (Integration) Control Resources Implement Risk Responses Hidden Gems Appendices and more!

3 Part 2 The Standard for Project Management ANSI standard Introduction and Process Groups Part 3 Appendices, Glossary, Index Summary of updates Agile/adaptive environments Key points, Tools/Techniques Glossary know these terms! Integration and Scope Integration Added Manage Project Knowledge Emphasizes importance of business documents, benefits management Scope Updated to reflect collaboration with PMI s Business Analysis for Practitioners: A Practice Guide The client on your workflow project can t quite visualize how their business process will change. You determine that it would be a good idea to create a list of key requirements with the client and then create a prototype to demonstrate to the client the new process.

4 This is an example agile schedule waterfall wave planningSample Question Only _____ should be included into the scope change path deliverablesSample Question Schedule and Cost Schedule Project Time renamedProject Schedule Estimate Activity Resources moved toProject Resource Management Agile concepts added to Develop Schedule Cost Updates to format and terms, no process or name changes You are the project manager on a large construction project. The customer asked if one of the larger deliverables can be shifted out 1 year and still be delivered within the current budget. You the impact of inflation on the project a make-buy analysis to determine if you should the cost of non-conformance before a decision tree analysis to determine the EMVS ample Question Quality Updated tools based on market research Eliminated some that are not widely used Focus is more on managing quality through the quality management plan Perform Quality Assurance renamed to Manage Quality Resource Renamed to define physical and team resources in the process flow and tools/techniques Estimate activity resources is now this process Control Resources was added Plan Human Resource Management renamed toPlan Resource Management Acquire Project Team renamed to Acquire

5 Resources Develop Project Team renamed to Develop Team Manage Project Team renamed to Manage Team All of the following could be reasons for you to tailor your project, except of the of team location of team emotional intelligence of your team membersSample Question Communications Communication actions, facilitating a meeting, versus Communications artifacts, meeting minutes Control Communications renamed toMonitor Communications The 5 Cs of Written grammar and expression and elimination of excess purpose and expression directed to the needs of the logical flow of flow of words and ideas You receive an email from your sponsor which said the business team are disappointed in the progress of the project.

6 You are surprised and call the business team lead. You learn that the actual comment was - the business team would be willing to contribute more in order to accelerate the project progress . This is an example of a misunderstanding project manager should have known this communication from the project sponsor was vague and not never asked the business team lead how they were project sponsor did not follow the approved chain of commandSample Question Risk Adds concept of overall project riskto augment individual project risks Implement Risk Responseswas added Emphasizes that identified and accepted risks actually need to be implemented Added a new risk strategy escalate to both negative/threats as well as opportunity risk Control Risks renamed to Monitor Risks New Concepts How can I use the concept of overall project risk with my stakeholders?

7 What is an example of how to use escalate as a risk response during planning? You are the project manager for a major customer implementation. There aren t any risks that were identified as high probability of occurring and high impact if they occur, however the team identified 40 risks that could occur. This caused you to set your project status to Yellow. This is an example project project unknownsSample Question You are working with your customer and validating deliverables. The customer mentions that the sales team promised a custom training program for their system. This is news to you. You the situation and plan the training program for the the situation by telling the customer you will follow-up with the sales the issue to your project sponsor since this was not part of the original the risk to the sales department, since they are the ones that promised the trainingSample Question Procurement Acknowledges a more global perspective PM needs to know about procurements to make good decisions, but most contracts are handled by specialists Information evaluated and incorporated into Control Procurements or Close Project or Phase (Integration) You are managing a construction project that requires several vendor contracts.

8 Your customer has asked to ensure that the project be completed within 8 months, however you know that your internal contracting process takes a minimum of 6 weeks. You to the procurement department to see if the contract period can be a schedule model together based on a most likely contract a schedule model together based on a 6 week contract the customer that their request is not feasibleSample Question Stakeholder Stronger focus on stakeholder engagement Plan Stakeholder Managementrenamed to Plan Stakeholder Engagement Control Stakeholder Engagementrenamed to Monitor Stakeholder Engagement Communication technology should be evaluated when you start a project. There are many different options and each company you work with may have access to different technologies.

9 You should work with the stakeholders to determine the best way to use the various technologies available. This is an example an agile stakeholder change the projectSample Question Summary Changes for the PMBOK Guide - Sixth Edition and impact on the PMP certification examination Ways to incorporate the updates into Practice Free access to PMP test bank updated for PMBOK Guide , Sixth Edition Go to Contact Us Sign up to Join our CommunityFree Offersocial mediajoin usconnectsharefollowlikenetworknewsinfor mationproject managementsoftwareblogstechvideosbusines sleadershipfriendsmessagetweetprojectsco mmentFollow, like, subscribe!LeadershipProduct TrainingProject Insight Community Sign up for more They are all FREE Check them out today!

10 IT Methodology and AgilePM TrainingSee you next time!