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Ittos pmp edition 6 how to#
Ittos pmp edition 6 update#

Following the same approach, I have given the process flow diagram for Project Cost Management below. I have suggested process flow diagrams as a way to remember and map the concepts in the previous articles.

Monitors the cost performance of the project, provides cost forecasts and controls any changes to the cost baseline.

Aggregates the individual cost estimates to develop the cost baseline and project funding requirements.

Estimates the cost of individual activities taking into account the resource requirements, cost of quality, cost of risk activities, etc.

Project cost management is the knowledge area in which the team performs the following major activities: In this article, we will focus on Project cost management. ITTO is an acronym that stands for Inputs, Tools and Techniques, and Outputs.

Ittos pmp edition 6 how to#

You can find all the articles in this series here: How to remember ITTOs series But in the meantime, you should plan on passing your PMP exam in 2017, so that you can take it based on PMBOK® Guide 5th Edition.This is the fourth article in the series “How to remember ITTOs”.

Ittos pmp edition 6 update#

We will update this recommendation once more data becomes available. We had discussions with the PMBOK® Guide team in September 2016 and " about January 2018" is the best target date that anyone has at this time.

Please note that the above recommendation is based on the expectation that the PMP® exam will probably change to the new standard in January of 2018. Are you taking your exam after Jan 1, 2018? Use PMBOK® Guide 6th Edition.Are you taking your exam before Jan 1, 2018? Use PMBOK® Guide 5th Edition.Which version of the GUIDE should I use to study? Tools & Techniques will be grouped under common 14) ITTO Bundling There will be a simplification of Inputs and.Choose any of these that best might fit your current They might now say something to the effect that, “Here is a list of possibleĬhoices of tools. For instance, for Requirements Collection, The PMBOK® Guide itself is taking on more of a voluntary instead.Updates can be done at any time throughout the project,Įspecially at the end of project phases (similar to the “Retrospective” in Will now be encouraged to update on a frequent basis (not just at the end of The new Lessons Learned Register is now part of the set of ITTOs.Once escalated, the PM will now have the option of either:Ī) Removing the risk from the project’s risk register if desired, orī) Keeping it in the risk register, but classifying it as “Escalated/Assigned To.” The appropriate party so that the risk is no longer his/her responsibility. New strategy, “Escalate Responses” provides for a PM escalating a risk to People) and "Communications" (artifacts, such as published emails). There will be distinction between "Communication" (as in communicating between two.The Project Scope vs Product Scope concept will also be emphasized for the firstīy the PMBOK® Guide will now include “Earned Schedule Management"."Non-ongoing processes.” This concept will beĮmphasized for the first time in new PMBOK® Guide Sixth Edition. PMBOK® Guide differentiating between processes which are “Ongoing” There will be various notations throughout the new.There will be Process Tailoring which means analyzing the project toĭetermine how much emphasis to put on each process (based on the scope &.The Project Manager” where many aspects of the Project Manager’s role willīe specifically mapped to the PMI Talent Triangle.

The information in Chapter 1 to 3 will beĬombined into 2 chapters and a new Chapter 3 will be devoted to “The Role of From Control Communications to "Monitorįront End (Chapters 1 to 3).Some Processes are likely to be renamed as.To be removed and its functionality will be consolidated into the "Close

Three new processes are likely to be added.

The processes are likely to increase from.

The major changes that are likely to happen are: PMP Exam update with respect to the PMBOK® GuideĦ is most likely to happen in the first quarter of 2018 (possibly as early as TheĮxam changeover from version 5 to 6 is scheduled as follows: The PMP® Exam is largely based on the content found in the PMBOK® Guide. Particular need NOT to worry about that particular version at all. Training companies so that the training material can be updated.

Final Release is scheduled for the third.

Draft Release is scheduled for the first.

Institute (PMI)® releases more specific release dates.Īccording to PMI®, we can expect the following release dates: We will update you as the Project Management Guide to the Project Management Body of Knowledge (PMBOK® Guide) Sixth Edition This article relates to the release date for A 0 PMBOK 6th Edition release date and likely