Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
PMBOK & PRINCE
An overview of the project management discipline’s two leading structured approaches, and the PMO’s role in supporting each.
Project management best practices have been captured, explained and evangelized for more than 20 years. The first formalized work of reference arrived in 1987 through Project Management Institute (PMI), with its release of A Guide to the Project Management Body of Knowledge (PMBOK). Now in its fourth edition, the PMBOK Guide is still the broadest and deepest standard of generally accepted best practices, arranged around key processes that are leveraged across market segments and departments.
Another widely used project management approach is the U.K.-born Projects in Controlled Environments (PRINCE2), which evolved from the first edition of PRINCE that addressed a standard for IT project management. This structured project management method, scheduled for a revision this summer, has an equally deep set of processes and standards focusing on end-to-end project delivery.
Following is an overview of these instructional and impacting guides.
In fact, many government and financial organizations in the U.S. and the U.K. require their managers be PMI-certified as Project Management Professionals (PMPs), which requires a solid understanding of the PMBOK. The PMBOK can be used in any industry, …
PMBOK
Please log in or sign up below to read the rest of the article.
ADVERTISEMENTS
|
"But the fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan |