The 5th edition of the PMBOK (Project Management Body of Knowledge) was released this month by the PMI and there are a few changes worth noting. The biggest change is that there is a new knowledge area called Stakeholder Management. This knowledge area replaces and expands on two processes from the 4th editions Communications Management knowledge area, Identify Stakeholders and Manage Stakeholder Expectations. It makes a lot of sense to me that Stakeholder Management would be its own knowledge area. Stakeholder management is an important and complex area in Project Management and it is frequently discussed in project management circles. I’m excited to see a focus on this area of knowledge and I look forward to diving into the material in the 5th edition PMBOK to learn the new standards.
Some other changes include the addition to the Planning process group of the Plan Scope, Schedule, and Cost Management processes to the Scope, Time and Cost knowledge areas. There are also a few name changes to existing processes that improves naming consistency.
Here is are the knowledge areas and processes groups in a table below with the additions highlighted in yellow and the name changes in blue:
There are other differences between the 4th and 5th editions but I will not go into them here. As I continue to explore the new guide I will post what I learn here. I’d love to hear from you. What differences have you noted between the two editions and what impact if any do you think they will have?