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Overview

The PMI’s Project Management Body of Knowledge (PMBOK)
is a globally recognized framework of processes, tools, techniques, guidelines, and best practices for the successful execution of projects.

The PMBOK framework is designed to be applicable across all industries and operational environments, to projects of all shapes and sizes, from small routine jobs to multi-billion-dollar programs.  

At the same time, the PMBOK is not an inflexible “bible” that must be followed word-for-word. It provides a set of resources that can be selectively applied by project leaders based on their own needs and circumstances.

This webinar is an introduction and orientation to the PMBOK 7th edition, covering the core principles and practices that have repeatedly proven successful in the achievement of project success.

We’ll cover the key components of the PMBOK that will support your project success and your preparation for the PMP exam. These key components break down into Knowledge Areas and Process Groups.

We will introduce the nine Knowledge Areas as defined by the PMI (pmi.org):

• Integration – Coordination and bringing all the pieces together.
• Scope management – Determining what work must be done. Setting clearly defined project objectives. Creating the WBS
• Time Management – Activity definition, sequencing, duration estimating, and schedule development.
• Cost Management – estimating costs, budgeting costs over time, and controlling costs throughout the project lifecycle.
• Quality Management – establishing a quality policy, developing quality assurance processes, and controlling the quality of all project deliverables.
• Human Resources Management – Identifying project stakeholders, developing the project team, motivating the team, management styles, and organizational structure.
• Communications Management – Distributing information correctly and to the appropriate stakeholders, performance reporting, managing stakeholders.
• Risk Management – risk identification, qualitative analysis, quantitative analysis, response planning and risk monitoring and control
• Procurement Management – planning purchases and acquisitions, contracting, selecting sellers, contract administration, project closure.

And we will discuss the five Major Process Groups as defined by the PMI (pmi.org):

• Initiating – authorizing the project or phase
• Planning – defining and refining objectives, setting a course of action.
• Executing – integrating resources to carry out the approved plan.
• Monitoring and controlling – identifying managing variances, taking corrective action
• Closing – formalizing acceptance and bringing a phase or a project to an orderly completion and transition.
• We’ll then discuss how to flexibly implement the PMBOK guidelines in real-life situations based on our own project needs. 

The webinar will conclude with a brief guide to the PMP exam, with tips on exam preparation and test-taking advice.

Why you should Attend

Why on earth would you want to be a Project Manager?
Some of us choose it as a career. Others have the responsibility thrust upon them. For some it’s a collateral duty on top of their main job. And for many it’s a powerful steppingstone toward further advancement. 

But however, you got here, the fact is that running a project isn’t easy. In fact, it can be incredibly hard. And running a project successfully is even harder. 

You have your customers, your leadership, and your team to deal with, each with their own demands (demands that are often competing). 

And everyone looks to you for answers:

• Will we deliver on time? 
• Are we going to come in under budget?
• Is the customer satisfied?
• Are we on track to meet our contractual requirements?
• If not, why not? And what are you doing about it?

Simultaneously juggling quality, technical performance, budget, schedule, and scope isn’t easy. Competent Project Management is a highly technical craft requiring a complex mix of skills and abilities, including planning; communication; leadership; people skills; team building and teamwork; financial management; time management; diplomacy; customer service; and a disciplined methodical approach to task execution.

The good news is that project management is a great career choice. It can yield huge rewards in terms of earning potential, career advancement, personal development, and job satisfaction. And the benefits go beyond your work life. When you learn how to run a project successfully you pick up a wealth of life skills that can be applied to everything you do – from your home to your social network, to your community engagement and beyond. 

Project management all comes down to mastering a few core competencies: 

• Set an achievable goal!
• Establish your success criteria.
• Create a plan.
• Execute the plan.
• Monitor and control your performance.
• Take corrective action as necessary.
  

This is where the Project Management Institute (PMI) comes in. The PMI is globally recognized as the leading authority in project management standards. The PMI’s Project Management Body of Knowledge (PMBOK) is the gold standard in providing a methodical, disciplined, and structured approach to successful project execution that can be applied to projects of all shapes and sizes, regardless of budget and scope. 

The Project Management Professional (PMP) certification from the PMI is a world-renowned credential recognized across government, commercial, academic, and non-profit sectors. 

Having a “PMP” behind your name will give you:

• Credibility and evidence of your competence
• The ability to improve your projects’ performance.
• Greater job opportunities: The Bureau of Labor Statistics reports that Project Manager positions will grow by 6% in 2024.
• Higher earning potential: PMI statistics show that PMP certification entitles candidates to a 20% pay increase. 
• A path to new job opportunities, positions, and more challenging assignments from your leadership
  

Areas Covered in the Session

• Why are competent Project Managers so valuable?
• Introduction to the PMI and the PMP certification
• PMBOK Overview 
• How to apply the PMBOK in practice
• The PMP exam, how to prepare for it and how to pass it

Who Will Benefit

• Project Managers 
• Program Managers 
• Portfolio Managers 
• Trainee Project Managers 
• Assistant Project Managers 
• aspiring Project Managers 
• Project Leads 
• Task Leads 
• Team Leads 
• Functional Leads 
• Competency Leads