PMBOK 5th Edition out now

Good news everyone! The fifth edition of the PMBOK® Guide has just been released by the PMI. You can order your copy from PMI’s store on Amazon -

pmbok 5th edition cover

PMBOK 5th Edition

The price for non members is $65.95 whereas PMI members can order it at the discounted rate of $49.95. I would recommend you to continue studying from the fourth edition if you have already started preparing for the exam. You have until the 31st of July 2013 before the proposed changes to the PMP Exam take place and the 5th edition of PMBOK® comes into effect. Here is a detailed description of the latest edition as per PMI -

“A Guide to the Project Management Body of Knowledge (PMBOK® Guide) —Fifth Edition reflects the collaboration and knowledge of working project managers and provides the fundamentals of project management as they apply to a wide range of projects. This internationally recognized standard gives project managers the essential tools to practice project management and deliver organizational results.

• A 10th Knowledge Area has been added; Project Stakeholder Management expands upon the importance of appropriately engaging project stakeholders in key decisions and activities.

• Project data information and information flow have been redefined to bring greater consistency and be more aligned with the Data, Information, Knowledge and Wisdom (DIKW) model used in the field of Knowledge Management.

• Four new planning processes have been added: Plan Scope Management, Plan Schedule Management, Plan Cost Management and Plan Stakeholder Management: These were created to reinforce the concept that each of the subsidiary plans are integrated through the overall project management plan.”

The PMBOK® Guide 5th, compared to its predecessor …
… adds 4 processes to plan the management of knowledge areas.
… introduces 2 new controlling processes (Control Communications & Control Stakeholder Management).
… merges 2 processes (Distribute Information and Report Performance) into a revisited process (Manage Communications).
… reallocates 2 processes in the new stakeholder knowledge area.

This edition of the PMBOK® Guide details 47 processes as compared to 42 in the 4th edition of PMBOK®.