A Guide to the Project Management Body of Knowledge (PMBOK Guide) Seventh Edition and The Standard for Project Management

THE STANDARD FOR PROJECT MANAGEMENT

1 INTRODUCTION...................................................................................3

1.1 Purpose of The Standard for Project Management......................3

1.2 Key Terms and Concepts.............................................................4

1.3 Audience for this Standard..........................................................5

2 A SYSTEM FOR VALUE DELIVERY........................................................7

2.1 Creating Value.............................................................................7

2.1.1 Value Delivery Components...............................................8

2.1.2 Information Flow.............................................................11

2.2 Organizational Governance Systems.........................................12

2.3 Functions Associated with Projects...........................................12

2.3.1 Provide Oversight and Coordination................................13

2.3.2 Present Objectives and Feedback....................................13

2.3.3 Facilitate and Support.....................................................14

2.3.4 Perform Work and Contribute Insights............................14

2.3.5 Apply Expertise...............................................................15

2.3.6 Provide Business Direction and Insight............................15

2.3.7 Provide Resources and Direction.....................................15

2.3.8 Maintain Governance.......................................................16

2.4 The Project Environment...........................................................16

2.4.1 Internal Environment.......................................................16

2.4.2 External Environment......................................................18

2.5 Product Management Considerations........................................18

3 PROJECT MANAGEMENT PRINCIPLES...............................................21

3.1 Be a Diligent, Respectful, and Caring Steward.........................24

3.2 Create a Collaborative Project Team Environment...................28

3.3 Effectively Engage with Stakeholders.....................................31

3.4 Focus on Value........................................................................34

3.5 Recognize, Evaluate, and Respond to System Interactions......37

3.6 Demonstrate Leadership Behaviors.........................................40

3.7 Tailor Based on Context...........................................................44

3.8 Build Quality into Processes and Deliverables.........................47

3.9 Navigate Complexity...............................................................50

3.10 Optimize Risk Responses.........................................................53

3.11 Embrace Adaptability and Resiliency.......................................55

3.12 Enable Change to Achieve the Envisioned Future State..........58

References.......................................................................................60

INDEX....................................................................................................61