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PMBOK & PRINCE
Haydn Thomas and Julie Tilke
(May 18, 2009)
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An overview of the project management discipline’s two leading structured approaches, and the PMO’s role in supporting each.
Project management best practices have been captured, explained and evangelized for more than 20 years. The first formalized work of reference arrived in 1987 through Project Management Institute (PMI), with its release of A Guide to the Project Management Body of Knowledge (PMBOK). Now in its fourth edition, the PMBOK Guide is still the broadest and deepest standard of generally accepted best practices, arranged around key processes that are leveraged across market segments and departments.
Another widely used project management approach is the U.K.-born Projects in Controlled Environments (PRINCE2), which evolved from the first edition of PRINCE that addressed a standard for IT project management. This structured project management method, scheduled for a revision this summer, has an equally deep set of processes and standards focusing on end-to-end project delivery.
Following is an overview of these instructional and impacting guides.
In fact, many government and financial organizations in the U.S.
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