2 n d E d . 2nd Ed. Managing Projects With PMBOK 7 M A MANAGING PROJECTS R I Connecting New Principles With Old Standards O MANAGING PROJECTS N JAMES W. MARION AND TRACEY RICHARDSON � WITH PMBOK 7 R I C The Guide to the Project Management Body of Knowledge (PMBOK), published H WITH PMBOK 7 A by the Project Management Institute, provides a roadmap of performance R domains designed to support project managers in all phases of project D S management. The sheer number of models, methods, and artifacts may leave O project managers in a quandary about where to start and how to apply the many N C o n n e c t i n g N e w P r i n c i p l e s components. This book provides a simple explanatory guide for the  layman that CoWnnietcht iOngl dN eSwt aPnridnacirpdless clarifi es the “big picture” of the PMBOK. With Old Standards Dr. James W. Marion is an Associate Professor with Embry–Riddle Aeronautical University Worldwide. He is currently the Chair of the department of decision sciences. His experience includes leading large organizations in multiple product launches in the U.S., Europe, and Asia, as well as M signifi cant experience with Japanese companies including a n NEC and Panasonic. Dr. Marion has a PhD in Organization a g and Management with a specialization in Information Technology Management i n from Capella University. He holds an MS in Engineering from the University of g Wisconsin-Platteville, and a MSc and an MBA in Strategic Planning as well as P r a Postgraduate Certifi cate in Business Research Methods from The Edinburgh o j e Business School of Heriot-Watt University. c t s Tracey Richardson is an Associate Professor of Project W Management at Embry-Riddle Aeronautical University— i t h Worldwide. She has a Doctorate of Organizational Leader- P ship from Argosy University’s School of Psychology and is M a certifi ed Project Management Professional and a Project B O Management Institute (PMI)-Risk Management Professional. K Tracey is a retired USAF Aircraft Maintenance Offi cer. 7 Portfolio and Project Management Collection Timothy J. Kloppenborg and Kam Jugdev, Editors ISBN: 978-1-63742-298-4 DR. JAMES W. MARION D R . J A M E S W . M A R I O N DR. TRACEY RICHARDSON D R . T R A C E Y R I C H A R D S O N Managing Projects With PMBOK 7 Managing Projects With PMBOK 7 Connecting New Principles With Old Standards James W. Marion and Tracey Richardson Managing Projects With PMBOK 7 Connecting New Principles With Old Standards James W. Marion and Tracey Richardson Managing Projects With PMBOK 7: Connecting New Principles With Old Standards Copyright © Business Expert Press, LLC, 2023. Cover design by Charlene Kronstedt Interior design by Exeter Premedia Services Private Ltd., Chennai, India All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, or any other except for brief quotations, not to exceed 400 words, without the prior permission of the publisher. First published in 2022 by Business Expert Press, LLC 222 East 46th Street, New York, NY 10017 www.businessexpertpress.com ISBN-13: 978-1-63742-298-4 (hardback) ISBN-13: 978-1-63742-294-6 (paperback) ISBN-13: 978-1-63742-295-3 (e-book) Business Expert Press Portfolio and Project Management Collection First edition: 2022 10 9 8 7 6 5 4 3 2 1 Description The Guide to the Project Management Body of Knowledge (PMBOK) published by the Project Management Institute provides a roadmap of performance domains designed to support project managers in all phases of project management. The sheer number of models, methods, and arti- facts may leave project managers in a quandary about where to start and how to apply the many components. This book provides a simple explan- atory guide for the layman that clarifies the “big picture” of the PMBOK. Keywords project management; PMBOK; uncertainty; project performance domains Contents Chapter 1 Introduction ....................................................................1 Chapter 2 Stakeholder Performance Domain .................................25 Chapter 3 Team Performance Domain ...........................................31 Chapter 4 Development Approach and the Life Cycle Performance Domain ....................................45 Chapter 5 Planning Performance Domain ......................................49 Chapter 6 Project Work Performance Domain .............................137 Chapter 7 Delivery Performance Domain ....................................165 Chapter 8 Measurement Performance Domain ............................195 Chapter 9 Uncertainty Performance Domain ...............................225 Chapter 10 Tailoring ......................................................................239 References �������������������������������������������������������������������������������������������245 About the Authors �������������������������������������������������������������������������������247 Index �������������������������������������������������������������������������������������������������249 CHAPTER 1 ♥Introduction The seventh edition of the Guide to the Project Management Body of Knowledge (PMBOK) (PMBOK Guide 2021) ushered in a new era for the practice of project management. The traditional focus of the PMBOK was on processes and process guidance: project manager’s approach to work—be it project phases or entire projects using the sequential elements of the five process groups (initiating, planning, executing, monitoring, and controlling, and closing). Also, traditionally, the ten knowledge areas included guidance for creating and managing all the subplans which together formed an overall project plan. PMBOK 7 approaches the challenges associated with managing projects with a different way of thinking. The first noticeable change is the integration of The Project Management Standard (2021) into the PMBOK. Instead of dictating processes to follow, The Project Management Standard emphasizes eleven principles to consider when managing projects: Stewardship, Team, Stakeholders, Value, Systems Thinking, Leadership, Tailoring, Quality, Complexity, Risk, Adaptability and Resiliency, and Change. PMBOK 7 includes eight performance domains that describe elements which are considered essential for successfully managing a project. The principles are said to guide the behavior of project managers as they carry out the project performance domains. The eight performance domains are Stakeholders, Team, Development Approach and Life Cycle, Planning, Project Work, Delivery, Measurement, and Uncertainty. Finally, in addition to performance domains, PMBOK 7 provides an encyclopedic list of “Models, Methods, and Artifacts” that are employed to manage projects and manage within the given performance domains. The advantage to taking a “principle” versus a “process” approach is that The Project Management Standard and The PMBOK Guide are no longer prescriptive in its guidance. This is considered important in an era where many methodologies and approaches to managing projects