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Hello. I'm Mike Clayton
and I'm the founder of
Online PM Courses which is
a website and also
a YouTube channel.
In this talk, I'm going
to share my understanding
of the Project Management
Institute's approach
to project management.
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The Project Management
Institute or
PMI has for a long time
documented its approach
to project management in
what most people call
the PMBOK Guide - the guide
to the Project Management
Body of Knowledge.
This is a physical
book that actually
contains two documents
and always has.
The standard for
project management is
an American National Standards
Institute's standard.
This sets out how
PMI believes projects
should be managed.
Alongside it is a
second document
which is the Project
Management Body of Knowledge.
The things that PMI thinks
a project manager needs to know
and understand to consider
themselves a professional
project manager.
However, the most recent
edition as I speak,
the seventh edition
or PMBOK 7 is
a radical departure from
all of its predecessors.
We can see the first to
the sixth editions as a
process of enlarging and
modifying a basic format
that was laid out in
the first edition.
The seventh edition
looks nothing like
the first six.
In a way, it sits alongside
its immediate predecessor,
PMBOK 6, because a lot
of the content from
PMBOK 6 is no longer in
the seventh edition.
In fact, PMI has placed pretty
much all the content of
PMBOK 6 into its digital
platform - PMIstandards+.
One of the most important
changes is that PMBOK 7 is now
completely agnostic
about the approach
that you take to
project management.
It suggests that there are
methods and approaches
that we need to choose
from and form hybrids
out of, at one end
of the spectrum is
the traditional,
predictive style
of project management and at
the other is a highly
adaptive, agile style
of project management.
But PMBOK 7 says the choice
depends on your situation
and it has a whole section on
how to tailor your project.
Critically, PMI no longer
prescribes nor even
weighs its guidance towards
either predictive or
agile project management.
However, like former versions,
PMBOK 7 is still
two books in one.
The first part is the
American National
Standards Institute's
2021 Standard
for project management
and the second part
contains the guide to
the Project Management
Body of Knowledge.
The standard used to talk
all about processes.
But now it's very different.
It has two principal sections.
The first being 'A System
for Value Delivery'.
Which introduces
PMI's perspective on
the importance and the processes
for creating value
in our project.
I rate this as one of
the most important innovations
that PMBOK 7 has introduced.
The second part of the
standard is a set of
12 Project Management Principles
which are high-level
statements that
capture and summarise what
PMI believes are
the objectives for
good project management
practice and it
gives a 2-3 page
explanation of each.
What follows is my
interpretation of
the PMI's approach to
project management.
I intend it to help you get
a general understanding
of how PMI thinks about
project management and certainly
not as a tool for
preparing for any of
PMI's certification
exams which I will talk
about because they
are an important part
of PMI's approach to
project management.
But I'd like to start
