Key Facts from "A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition and The Standard for Project Management"
- The guide provides a standardized approach to project management, including universally accepted practices and terminologies, which can be applied across industries and continents.
- It introduces the concept of a Project Management Office (PMO), a centralized unit within an organization that oversees and manages all projects.
- The use of a life cycle approach to project management is emphasized, ensuring that each project is viewed as a systematic process from initiation to closure.
- The guide includes 49 processes...