What is NEW in PMP PMBOK 7th Edition?

Learn the difference between PMBOK 6th

vs PMBOK 7th
https://www.youtube.com/watch?v=yGRp7uSy9fI&t=1s

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so welcome let's take a look at the PMP
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certification or more specifically the
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PMBOK 7th edition which is the latest
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upcoming edition right so if you're
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looking to get your PMP certification
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which is one of the most important
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resources to get ready for the PMP exam
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is the PMBOK Edition whether it's 6th
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edition which is the previous one or
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these 7th edition which is upcoming in
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the latest version of the PMBOK and of
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course the exam will follow. so this is a
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guide for PMP and other certifications
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the project management institute or the
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PMI provides or conducts those training.
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so the PMBOK is actually changing right,
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so it was mainly focusing on waterfall
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project management techniques earlier
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however with the fast pace of technology
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ever-changing competition is really
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driving force right life cycles are
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shorter in terms of product and the
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project can change over times becoming
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very dynamic so the progress of the
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project is rapidly changing so
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conventional project management entails
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it doesn't really welcome right the
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rapid changes that is why the agile
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methods and the approaches emerged a
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couple of decades ago and these agile
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frameworks right be adapted by many
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organizations and they still are in
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progress right especially within the IT
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and software industry the PMP is the
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most reputable project management
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certification all across the goal. with
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nearly 1 million PMP certified
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Professionals. So PMBOK is the backbone
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of the PMP certification exam content
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itself so since the trends are changing
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right so the actual study guides or the
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actual underlying fundamental also must
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change so the PMBOK reflects the project
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management methodologies practices and
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processes being successfully used across
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industries and verticals across the
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world so every few years PMI does a
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study to understand how the project
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managers role is evolving soap in box
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seventh version moves away from process
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oriented approach to principle oriented
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approach one could even say outcome
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oriented approach right that's
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supporting any type of project delivery
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you guessed it right the word principles
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you know is basically the agile paradigm
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right so say if the thinking from pin
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box comes now has shifted to it has
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become broader so there are other
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changes in schriften scope to address
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project delivery in addition to project
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management the whole idea seems to be
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more action focused okay or practitioner
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friendly also the focus is on project
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outcomes on just the project
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deliverables you could say that PMP
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scope is not widened just to include the
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project management approaches but also
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focuses on you know widen winding itself
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to include outcomes the fundamental
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aspects right within the seventh edition
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are is there a delivery system right
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the principles you have the you know the
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value delivery system for example right
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the holistic system from which the
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project deliver business value business
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value itself is conceived by Peter
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Drucker right tangible or intangible
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benefits received by customers and
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employees and partners of the business
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as well and projects are the main
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individuals that deliver business value
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by achieving these objective set forth
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by the organization the seventh edition
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for project management right PMBOK
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seventh shows how a good strategy leads
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to intended business value in any
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organization it's done through defining
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organizational strategies that help
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identify business objectives which then
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turn into actionable portfolios that
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turn into projects which produce
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deliverables and increase capabilities
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of the organization producing tangible
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or intangible outcomes right that's
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really creating benefits to the customer
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or end-users right which turns into
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business value produced by the
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organization itself the system that
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enables this flow in a smooth and
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predictable manner right for any
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organization is really made possible by
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efficient propagation of information and
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feedback through the predefined channels
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so value delivery system comprises of
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portfolios programs projects and then
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operations rate and governance system as
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well to enable workflow and support
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decision making capabilities project
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delivery principles on the other hand
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right are the ones that really the
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project management or
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guides the people involved within the
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project delivery no we're not really
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talking about management but delivery so
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they can apply their efforts on stronger
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project outcomes the 12 principle
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defined within a standard right within
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the project standard is respectful
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diligent stewardship right these are the
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seventh edition some of these may be
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stakeholders or take stakeholders to
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understand their interests and needs
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focus on value right and recognize and
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respond to systems interactions
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influence for example or others learn
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right delivery approach based on context
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right self right quarterly in true
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processes and result so less complexity
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using knowledge and experience and
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learning so less opportunities to you
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know make mistakes be more resilient
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right have the change and envision the
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future state and also make a chart of
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all of these changes so these are some
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of the principles so in a nutshell I'm
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going to provide a chart so you can see
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a comparison of these sixth edition
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versus the pin box seventh edition and
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you'll notice a certain subtle changes
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that we've talked about are also listed
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the whole idea is the fact that seventh
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edition is becoming more broader right
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that I've talked about earlier so I hope
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this helps come take a look at this
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chart go through some of these areas
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that you see on your screen have any
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questions certainly post in the
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discussion area I'll be happy to help
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and of course don't forget to Like
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subscribe and share if you're looking
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for the latest tutorials on the latest
05:59
technologies latest information so that
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you can keep growing your skillset as
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you grow into your own passion with this
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let's move to the next lesson