New PMP Training Packages Released (PMBOK 5th Edition)

The Project Management Institute (PMI)® recently released the official dates for when the Project Management Professional (PMP)® and some other of its exams will be updated to the latest standards. Here is what we have learned and our recommendations for studying:
Credential Exam Updated If you take your Exam
BEFORE this date
If you take your Exam
ON or AFTER this date
PMP® 31 July 2013 Use PMBOK® Guide 4th Edition Use PMBOK® Guide 5th Edition
CAPM® 1 July 2013 Use PMBOK® Guide 4th Edition Use PMBOK® Guide 5th Edition
PMI-SP® 31 August 2013 Use PMBOK® Guide 4th Edition Use PMBOK® Guide 5th Edition
PMI-RMP® 31 August 2013 Use PMBOK® Guide 4th Edition Use PMBOK® Guide 5th Edition
PgMP® 31 July 2013 Use PMBOK® Guide 4th Edition Use PMBOK® Guide 5th Edition

A Guide to the Project Management Body of Knowledge (PMBOK Guide) is a book published by the Project Management Institute (PMI), outlining a set of standard terminology and guidelines for Project Management. The PMBOK Guide was first published by the PMI as a white paper in 1983 in an attempt to document and standardize generally accepted project management information and practices. The first edition was published in 1996 followed by the second edition in 2000. In 2004, the third Edition was published with major changes from the previous editions. The fourth Edition was released on December 31, 2008.

PMBOK 4th Edition

Work on the fifth edition was completed in 2012 and you can now order the PMBOK® Guide 5th Edition on the PMI Marketplace website.

 

PMBOK 5th Edition

Does this mean that I will have and “old” PMP certificate after the “cut-off” date?

No. The current version of the PMBOK Guide has no influence over your PMP status. You can compare this to your high-school diploma. Even if you received your high-school diploma years back and the school curriculum has changed many times since then, your diploma and your status are just as valid today as they were when you finished high school.

What revision of PMBOK Guide is your Study Material based on?

The new video trainings (for PMBOK® Guide 5th Edition) were launched on July 7th, 2013. This is also the day on which our new PMP® Exam Simulator with 1,800 updated questions, and the new PMP® Formulas Guides became available.

We are excited about this update because this new version marks a major step up in quality for our trainings. To name just two improvements:

  • The visual experience for the students is much more pleasant because the presentation template was redesigned and now also includes professionally shot images
  • The main modules will include a series of self-assessment questions (PDF format) allowing the students to test their understanding of each Knowledge Area.
  • Development and production of lessons will continue until July 31, 2013. Students can begin using the course immediately, watch the lessons that are already available, and will continue to receive additional lessons about twice weekly. Completion is expected by end end of July.

What if I purchased your old study materials (based on PMBOK 4th edition) but could not take the PMP Exam until after July 31, 2013? Do I have to re-purchase again at full price, or is there a discount for PMC members?

Here’s the Good News: If you don’t take the exam by July 31, 2013 and you have to switch to the 5th Edition Exam we will upgrade your training package with the 5th Edition Material following this scheme:

  • If you purchased after May 1, 2013 we will upgrade your materials for FREE.
  • If you purchased between Jan 1, 2013 and April 30, 2013 we will upgrade you for just $40.
  • If you purchased before Jan 1, 2013 you have to pay the full price again.
  • The above offer is valid until Sept 15. After this deadline you will have to pay full price.

What changes have been made on the PMBOK 5th Edition?

Without going into details, here’s a list of the major changes:

  • Addition of a new knowledge area called ‘Stakeholder Management’ (going from 9 to 10 Knowledge areas)
PMBOK 4th Edition PMBOK 5th Edition
Knowledge Area Nb of Processes Knowledge Area Nb of Processes
Integration 6 Integration 6
Scope 5 Scope 6
Time Cost 6 Time Cost 7
Cost 3 Cost 4
Quality 3 Quality 3
Human Resources 4 Human Resources 4
Communication 5 Communication 3
Risk 6 Risk 6
Procurement 4 Procurement 4
Stakeholders 4
TOTAL 42 TOTAL 47
Knowledge Areas 9 Knowledge Areas 10
Process Groups 5 Process Groups 5
Processes 42 Processes 47
  • 5 new processes have been added (going from 42 to 47 Processes)
  • Definition of a Project Management Office (PMO) expanded.
  • Project life cycles expanded.
  • Direct and Manage Project Execution’ changed to ‘Direct and Manage Project Work’
  • Addition of ‘Plan Scope Management process’
  • ‘Verify Scope’ changed to ‘Validate Scope’
  • Addition of ‘Plan Schedule Management’
  • Addition of ‘Plan Cost Management’
  • ‘Plan Quality’ changed to ‘Plan Quality Management’
  • ‘Perform Quality Control’ changed to ‘Control Quality’
  • ‘Develop Human Resource Plan’ changed to ‘Plan Human Resource Management’
  • ‘Monitor and Control Risks’ changed to ‘Control Risks’
  • ‘Plan Procurements’ changed to ‘Plan Procurement Management’
  • ‘Administer Procurements’ changed to ‘Control Procurements’
  • Addition of ‘Plan Stakeholder Management’
  • ‘Manage Stakeholder Expectations’ changed to ‘Manage Stakeholder Engagement’
  • Addition of ‘Control Stakeholders Engagement’
  • ‘Work performance measurement’ changed to ‘Work performance data’
  • ‘Positive Risks’ changed to ‘opportunity’
  • PMBOK 5th Edition has now 248 pages minus the glossary.
  • For the detailed list of changes go to PMI Media website.

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