A Quick overview of PMBOK 7 Prepared By EPM-Faculty – Fall 2021 1 Summary of Changes..1 Prepared By EPM-Faculty – Fall 2021 2 Summary of Changes Prepared By EPM-Faculty – Fall 2021 3 Summary of Changes..2 Prepared By EPM-Faculty – Fall 2021 4 Standards Prepared By EPM-Faculty – Fall 2021 5 Section 1: Introduction 1. Purpose of the standard for Project Management 2. Key Terms and conditions 3. Audience for the standard Prepared By EPM-Faculty – Fall 2021 6 Section 2: A System for Value Delivery: Prepared By EPM-Faculty – Fall 2021 7 Section 3: Project Management Principles Prepared By EPM-Faculty – Fall 2021 8 Section 2.4: The Project Environment: We will briefly discuss the internal and external factors that can positively or negatively influence the projects and the delivery of value. INTERNAL: • Organization Culture • Infrastructure • Level of automation (It Structure) • Available Resources • Employee Capabilities Prepared By EPM-Faculty – Fall 2021 EXTERNAL: • Market Conditions • Regulatory requirements • Industry Standards • Financial Considerations • Physical locations (Local Conditions) 9 Section 2.5: Product Management Considerations: Product Management involves the integration of People, data, Processes and business systems. Prepared By EPM-Faculty – Fall 2021 10 A Guide to the PMBOK Prepared By EPM-Faculty – Fall 2021 11 Section 1: Introduction to PMBOK Prepared By EPM-Faculty – Fall 2021 12 Section 2: Project Performance Domains Prepared By EPM-Faculty – Fall 2021 13 Section 3: Tailoring Prepared By EPM-Faculty – Fall 2021 14 Section 4: Models, Methods, and Artifacts 1.Model: A Model is a thinking strategy to explain a process, framework or phenomenon. 2.Method: A method is the means for achieving an outcome, output, result or project deliverable. 3.Artifacts: An artifact can be a template, output or project deliverable Prepared By EPM-Faculty – Fall 2021 15 Important Appendix and Glossaries 1.Appendix X2 : Sponsor 2.Appendix X3 : Project Management Office 3.Appendix X4 : Product 4.Glossary: a)Inclusions and exclusions b)Common Acronyms c)Definitions Prepared By EPM-Faculty – Fall 2021 16 Prepared By EPM-Faculty – Fall 2021 17