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PMI claims over a half million copies of the PMBOK in circulation. This has become the de facto worldwide standard for project management.
The PMBOK is the standard reference for terminology and processes in project management. It provides the core "body of knowledge" for studying for the Project Management Professional certification.
Most changed in this revision (updated from the 1996 original version) is Chapter 11 on Project Risk Management. This has been rewritten and thereby much improved. I submitted 24 Comment Forms to enhance the description and process of risk management, some of which were accepted. Of course, my interest has been in recognizing the decision analysis approach.
Project Risk Management has been expanded into six functional areas:
I describe an somewhat different process in my article, "Project Risk Management—by the Numbers," in the September, 2000, issue of PM Network.
PMI is offering two versions of the PMBOK:
CD-ROM, 2000 Edition, US$49.95 (20% off for members)
Hardcover, 2000 Edition, US$35.95 (20% off for members)
They also have versions translated into Korean, French, Italian, Japanese and German.
PMI's Risk SIG (special interest group) has it's own domain name:
—John Schuyler, May 2000. Revised Oct. 2003
Copyright © 2000 by John R. Schuyler. All rights reserved. Permission to copy with reproduction of this notice.