… after 11.01.2016
nothing serious, but important to know is the small enhancement of the PMP framework announced here.
Interesting is, that within the weight change of 1% between closing and monitoring are up to 25% updated questions on the new 8 processes.
By study the 8 new tasks it’s also important to check the language between the old 2011 Examination Content Outline and the new one 2015. I can only agree to the need of practice the comparison by yourself, if you are interested to understand the new things.
4 major enhances to the PMbook.
Emphasis on business strategy and benefits realisations
Within the initiating the project now it’s important to identify key deliverables based on business requirements at the beginning. My understanding is that this should definitely help to connect the project goal with the deliverables.
After a first look it’s obvious that the Benefit analysis technics (Return on Invest (ROI=Net profit / Capital invest), Payback Period (Initial invest / Periodic cash-flow), etc.) are introduced. I found this great article PMP benefit analysis concepts from Eward Chung listing the introduced benefit tools.
So why benefit analysis is included? Because PJMs are often involved in early stages, to conduct benefit analysis to validate that the project generates business value and/or match the organizational strategy.
Value of lessons learned
Increased the value of lessons learned. To my it sounds not new then more fitting the reality and logical to include lessons learned in the normal process.
Project assessment should explicitly include lessons learned.
The PJM is participating the development of the project charter and ensures that stakeholders are in agreement to the elements.
Obtain project charter approval from the sponsor.
Enhanced stakeholder relationships
Main objective of the enhancement is to facilitate that stakeholder communication is a two way communication.
Another point is the assistance to ensure that stakeholders are in agreement to the project charter development the PJM is participating.
As we know stakeholders are all related directly / indirectly effected and should be informed after the project charter is approved. Main thought of this it to ensure a unique point in time all stakeholders are aligned with what is the project about to do, when and who is how involved.
New process step to keep and engage stakeholder informed following the communication plan.
Another new process in executing is, that the PJM must ensure that stakeholders are in continuous support and manager their expectations. However, this sounds for me just an update to the Examination Content Outline and is already described in chapter 13.3. of the PMBook.
26.01. Add key changes