A Guide to the Project Management Body of Knowledge (PMBOK Guide) Fifth Edition

Abstract

Continual improvement is foundational theory in quality management. It is also foundational practice at the Project Management Institute, as shown by the publication of A Guide to the Project Management Body of Knowledge (PMBOK ® Guide)-Fifth Edition. Much will be familiar to those conversant with past editions. But new elements are woven into the text, and it is a better standard for the changes.As in the past, the text includes a helpful Appendix, which describes the changes in the current edition and the rationale behind them. This makes clear the overarching goals of consistency and continuity. This new edition is a result of deliberate plans and actions, not simply the new ideas of a new writing team.

Information Demand Pattern for Teams

“…On the one hand, this harm can arise from a decline in sales volume and reduced income, particularly if the project result should be commercialized. On the other hand, relations with the customer can be negatively influenced and it can cause damage to their reputation [20]. Collectively, these damages can lead to an existential threat for the enterprise.…”

“…Within the scope of the provisions of the corporate management or program management, the Steering Committee takes over the overall responsibility and authority for the project. Furthermore, it is responsible for the provision of the financial resources and payments in kind [20].…”

“…Project phases are sections in a project where additional control is needed to effectively manage its completion. Project phases are typically completed sequentially, but can overlap in some project situations [20].…”

“…Additionally, it aims to ensure uniform and effective decision-making [22]. Furthermore, it is responsible for providing the required resources for the project [20]. To sum up, it takes over planning, control, coordination and monitoring, and supports tasks.…”

“…In principle, the Steering Committee is responsible for the project in its entirety and takes over its leadership. The project board is supposed to represent the project and the stakeholders and to promote the whole project [20]. Additionally, it aims to ensure uniform and effective decision-making [22].…”