What Is PMBOK and Why Is It Important?
If you want to strengthen your career in project management, you will need the latest PMBOK guide available at the online books store. PMBOK guides or PMI books are as important as management books because they help a project manager to marinate all standards throughout the project process. The guidelines in it assist the professionals to plan, execute, manage, and check project-related stuff with ease. PMBOK Framework works as the best project management tool to promote your business growth. No matter what your organization or business size, you should invest in this guide through online book shopping in Pakistan. This best book shopping in Pakistan makes you adopt the advanced practices for managing business, portfolio, program, or project.
What’s PMBOK Stand for?
It stands for Project Management Body of Knowledge, and professionals consider it a bible in project management. It encompasses all advanced practices, guidelines, processes, and terminologies that a professional use in industry. High-end companies and organizations use them to standardize their processes for preventing project failures. Its framework covers all major departments, such as human resources, time management, quality management, scope, integration, risk management, procurement management, etc. A project manager can use the latest tools and practices to tailor the processes as per the business need.
What is PMBOK used for?
It is an instruction book that helps an organization handle and manage multiple projects through effective procedures and best practices. It contains the latest PMBOK methodologies, such as agile, scrum, waterfall, Kanban, XP, Lean, etc. Professionals can adopt the suitable one to run and finish the project within the dedicated time and budget. It guides all processes across different departments to prevent project failure due to mismanagement. The instructions for initiation, planning, execution, monitoring, and closing make it easier for businesses to run any campaign safely.
PMBOK Latest Guide Editions:
The first edition was launched in 1996 as a guide to project management. Later American National Standards Institute was also officially approved in 1999. The first edition has gone through many changes and amendments according to the advanced technologies, and new corporate processes. Over these years, it has now been available in seven official editions. You can find the PMBOK Guide pdf online or the paper cover guidebook for online book shopping in Pakistan. Following are the editions which you can find online.
- PMBOK 1st Edition: Discussing all concepts and processes to assist project management.
- PMBOK 2nd Edition: Contains updated information with advanced management practices and procedures. It was launched in 2000.
- PMBOK 3rd Edition: Providing comprehensive guidelines to almost all types of projects and programs. It was released in 2004.
- PMBOK 4th Edition: It classified the project management and product documents to make the procedure simpler and accessible.
- PMBOK 5th Edition: This edition has updated the guidelines with the adaptive project life cycle to make the processes more streamlined and manageable.
- PMBOK 6th Edition: It was brought in 2017, containing 50 processes with strategic and adaptive aspects. It also has defined the responsibilities of a project manager in a better way.
- PMBOK 7th Edition: It is the latest PMBOK guide edition, released in 2021. It encompasses all the latest methodologies, practices, and procedures to carry out change-oriented project management. It guides about all the latest approaches and frameworks, such as agile, adaptive, waterfall, hybrid, etc.
Why it is important in Project Management?
There are indeed thousands of management books available to provide endless knowledge about project management. But Project Management Body of Knowledge is a comprehensive and inclusive guide for professionals. It covers almost every important term, process, methodology, and standard for almost all departments and projects. Its knowledge is not limited to business projects. You can also use it to manage profiles, programs, campaigns, or any organization. The foremost benefits are as follows:
1. Standardize the management processes:
The procedure or framework of the project is the core of the business model. Therefore, the process needs to be standardized to ensure the smooth execution of the business plan. The guide provides the standard of each step in the process with collaborative efforts. If you want to improve your management plan, you can standardize it by taking guidance from the Project Management Body of Knowledge.
2. Reduce project failure risks:
As it standardizes the management process, it will automatically reduce the chance of project failure. You will have greater control over all the stages of a developmental project and reduce the risk of neglecting important activities. It will result in effective and comprehensive modeling of the project with minimal risk of failure. You will also learn risk management through the PMBOK guide to make your business successful.
3. Reduce overall Project Management team cost:
It helps you cost-effectively manage your project management team. The Project Management Body of Knowledge teaches you how to break down the processes and steps for your team. There is no need to recruit too many people to carry out the project. If you manage it consciously, it will reduce the overhead cost to the project management team.
4. Improve accuracy in processes
Getting accuracy and precision in any project is a difficult task because the project’s success is unforeseen. But the PMBOK guide helps you increase the accuracy by standardizing each step. It helps remove the unnecessary workflow that can make the process complex. Therefore, it will become easier to manage processes with high accuracy and ease.
5. Make you prepare for the PMP exam for PMI certification:
If you want to strengthen your career, you should get the PMBOK Certification from PMI. The high-end industries require it for project manager jobs. Project Management Body of Knowledge Guide is itself the study guide for the PMP exam. It is comprehensive and inclusive in terms of knowledge. You can learn all important aspects, plans, practices, and approaches for project management. Therefore, it will be easier for you to learn and prepare for your exam by simply learning from the latest PMBOK book.
- A Guide to the Project Management Body of Knowledge – Sixth Edition:
The PMBOK® Guide–Sixth Edition – PMI’s lead publication has been updated to reflect the latest good practices in project management. This book available in 2 formats, kindle edition and paper back so more people can get success from this book. The new sixth edition of project management book will cover new aspects of knowledge; each knowledge area will contain a section entitled Approaches for Agile, Iterative and Adaptive Environments, describing how these practices integrate in project settings. It will also contain more emphasis on calculated and business knowledge, including discussion of project management business documents and information on the PMI Talent Triangle™ and the essential abilities for success in today’s market.
PMP Exam Prep Simplified:
This guide will cover the 2022 PMP Exam. This guide contains access to our e-learning course with over 38 hours of project management education. This e-learning course will grant you a certificate you can use to apply for your PMP exam. This guide has over 500 questions and the e-learning course has over 1000 more questions with over 450 videos. This guide and course are all you will need to apply and pass your PMP on the first try.
So, what are you waiting for now? If you want to make your business, organization, or any project successful, you should get guidance from the Project Management Body of Knowledge.