We’re making changes to both the Standard for Project Management and A Guide to the Project Management Body of Knowledge (PMBOK® Guide) to reflect the range of different project approaches and your need for flexibility. We’ve heard questions about how the 12 principles evolved for the Standard for Project Management and how we developed the Guide to the Project Management Body of Knowledge. We’re here to answer them.
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Getting Under the Hood of the PMBOK® Guide – Seventh Edition Part 3: More about Models, Methods and Artifacts
Our “Getting Under the Hood” series continues with a webinar that will go deeper into the Models, Methods and Artifacts section of the PMBOK® Guide – Seventh Edition, as well as introduce the PMIstandards+TM digital content platform.
Getting Under the Hood of the PMBOK® Guide – Seventh Edition Part 4: Tailoring to the Needs of the Project
Our "Getting Under the Hood" series continues with a webinar that will go deeper into tailoring section of the PMBOK® Guide - Seventh Edition. Join us to explore considerations for tailoring to better suit the deliverables, organization and project needs. While the tailoring of an approach to a project was covered in various parts of the previous edition of the PMBOK® Guide, it is now more fully developed in the guide portion of the seventh edition. In this session, you will be introduced to a tailoring framework that you can adapt to evaluate what and when to tailor.
Our “Getting Under the Hood” series continues with a webinar that explores how projects operate within a larger system for value delivery. Value often has different meanings dependent on the mission and vision of a given organization. The unique characteristics of projects determine the best approach for carrying out the work of the project. The PMBOK® Guide – Seventh Edition recognizes the presence of these interdependent and interrelated systems and provides project teams with the needed flexibility to conduct the work of the project in a way that enables the desired outcomes from the project.
The importance of governance in Portfolios, Programs, and Projects (3P) is reflected in part by the development of standards for governance (PMI, 2016) as well as by the increasing attention being paid to governance in management/academic literature, and in practice. At the same time, organizations increasingly aim to improve their innovation capabilities, enabling them to survive in today’s dynamic, competitive environment. However, there is little guidance in research literature on whether and how 3P governance can be designed to support and promote innovation. The escalating importance of project delivery in organizations, especially for innovation, further highlights the need for better understanding of the relationship between governance, innovation, and success in 3P. Governance is of increasing importance for 3P success from an organizational perspective, and multiple studies have highlighted the need for it to be appropriate for the environment. Large-scale studies show that effective oversight by executive management promotes and nurtures innovation. However, some studies also suggest that this could also cause negative tension, as innovation requires flexible and adaptable approaches. To better understand innovation as applied to 3P, and how governance approaches can be tailored for best outcomes, we conducted an in-depth, exploratory, multiple-case study. This report outlines the background, our research question, our methodology and our main findings. We also identify the outputs of this research that are designed to disseminate the findings to both academic and practitioner audiences. We emphasize our implications for practice, providing guidance to industry for the development of governance approaches to best support innovation in 3P.