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COMPARING PMBOK GUIDE 4TH EDITION, PMBOK GUIDE 5TH EDITION, AND ISO 21500

The Logical Framework Approach is an analytical and management tool which is now used (in one form or another) by most multi-lateral and bi-lateral aid agencies, international NGOs and by many partner governments. Indeed, the EC generally requires the development of a Logframe Matrix as part of its project formulation procedures for external assistance. This Guideline therefore gives emphasis to the application of the Logical Framework Approach at the various stages of the project management cycle. The tools that make up the Logframe Approach are referred to at appropriate points in Section 4 (Operational Guidelines), and are also described in detail in Section 5 (The Logical Framework Approach). . | Comparing PMBOK Guide 4th Edition PMBOK Guide 5th Edition and ISO 21500 Thierry Labriet STS STS SA Lausanne Switzerland 41 21 510 11 50 office@sts.ch www.sts.ch 1 Contents 1 Foreword.3 2 Executive summary.4 3 Process organization in the standards.5 4 Major changes on processes in a nutshell.9 5 Detailed analysis.10 5.1 Project Integration Management.10 5.2 Project Scope Management.13 5.3 Project Time Management.15 5.4 Project Cost Management.17 5.5 Project Quality Management.18 5.6 Project Human Resource Management.19 5.7 Project Communications Management.22 5.8 Project Risk Management.24 5.9 Project Procurement Management.26 5.10 Project Stakeholder Management.28 STS SA Lausanne Switzerland 41 21 510 11 50 office@sts.ch www.sts.ch 2 1 FOREWORD National and international standards exist and initiated the emergence of project management certifications mostly targeting individuals rather than organizations. Despite this orientation most Project Management standards are process oriented. Therefore many companies have developed in-house methodologies that are more or less inspired from these standards. Currently three major process oriented certification bodies have a dominant and significant influence in Switzerland and Europe The Project Management Institute PMI and its Project Management Body of Knowledge PMBOK guide . The Office of Government Commerce OGC and PRINCE2 published in 1996 having been contributed to by a consortium of some 150 European organizations. The Swiss Federal Strategy Unit for IT FSUIT the owner of the HERMES method. The International Project Management Association IPMA is not considered here since it is not process but competencies oriented when considering its certification framework. In 2006 the British Standard Institute a member of ISO has initiated a request toward ISO to work on defining a standard for Project Management. ISO launched a new Technical Committee to deal with project management TC 236. This committee involves 37 .