If you are planning on taking the Project Management Professional Exam (PMP), you have until July 31st, 2013, until it gets harder! I passed my PMP exam last October, which was based on the 4th edition of the Project Management Body of Knowledge (PMBOK). I am glad I took it when I did, because the PMBOK 5th edition just came out, and it has more pages, more processes, and an additional knowledge area, which equals more study hours to prepare for the exam.
They added 130 pages (459 pages with the 4th edition to 589 pages in the 5th edition). They added an additional Knowledge area of Stakeholder Management, which brings the Knowledge area count from 9 in the 4th edition to 10 in the 5th edition. They added 5 processes, which brings the total processes count from 42 in the 4th edition to 47 in the 5th edition.
In the 4th edition of the PMBOK, the scope management plan, time management plan, and cost management plan were all created in the Develop Project Plan process group. In the 5th edition, however, these 3 project plans have their own dedicated processes: Plan Scope Management, Plan Schedule Management, and Plan Cost Management respectively. Now when I said that the 5th edition added 5 processes earlier, they really added 6 new processes, but they combined 2 old processes too, so the total number of processes increased by 5.
Here is a list of the changes that were made to the processes in the PMBOK 5th edition:
- The following 4 processes were added to the Planning process group:
- Plan Scope Management
- Plan Schedule Management
- Plan Cost Management
- Plan Stakeholder Management
- The following 2 processes were added to the Monitoring & Controlling process group:
- Control Stakeholder Management
- Control Communications
- The following 2 processes were merged to form a process called Manage Communication:
- Distribute Information
- Report Performance
- The following 2 processes were relocated to the Stakeholder Management Knowledge Area:
- Identify Stakeholders
- Manage Stakeholder Engagement (formally Manage Stakeholder Expectations)
My advice to you is to start studying now! If you miss the deadline for the old exam, you may have to study even longer to learn all the new material from the PMBOK 5th edition.