PMBOK 4 to PMBOK 5 deeper drill (final)
|Work Performance Data. Raw observations and measurements including start and finish dates of schedule activities, percent complete.
||Work Performance Measurements. Planned vs. actual performance, earned value measurements such as SV and CPI
|Work Performance Information. Work performance data collected, correlated and contextualized. Includes deliverables status, implementation status for change requests.
||Work Performance Information. Information and data on schedule status collected as part of direct and manage. Status of deliverables, schedule progress, costs incurred, forecasted ETC.
|Work Performance Reports. The physical or electronic representation of work performance information. Status reports, memos, dashboards, updates, EVM reports
||Performance reports. Current status, scheduled activities, forecasts, issues, analysis of past performance, work completed, forecasted project completion
- Preventive action has been re-defined to sound less like risk mitigation and more like proactively ensuring the project is aligned with the project management plan.
- Verify Scope is known as Validate Scope. So QC is verification, Validate Scope, validation
- There are now four dependencies which can be used in combination: mandatory, external, internal, discretionary.
- Along with resource leveling, introduces a schedule concept called resource smoothing.
- Three-point estimates now have both triangular (average of three) and beta (PERT)
- Each process now has a key benefit in the introduction in addition to purpose.
- Management reserves are still not part of the baseline initially. But when these reserves are used, the amount used is added to the cost baseline. (Section 18.104.22.168)
- There is now an activity contingency reserve. (Figure 7-8)
- There is information on an organization’s risk appetite, risk threshold, and risk tolerance. (Risk introduction)
New graphics and tables
- Project management plan vs. project documents. (Table 4-1)
- Project charter vs. project scope statement (Table 5-1)
- Listing of all Earned Value formulas (Table 7-1)
- Critical path method (Figure 6-18)
- Critical chain method (Figure 6-19)
- Resource leveling (Figure 6-20)
- Fundamental quality relationships (Figure 8-2)
(End of series. We’ll deal with this all over again in four years when PMI publishes the next PMBOK)