Lesson 1 of 3 · Foundations: value, principles and delivery frameworks (cross-domain)
Projects, value and the PMBOK Guide principles
3 quick checks≈2% of the testFoundational: Foundational: the groundwork the rest of the unit builds on
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By the end you’ll be able to
Distinguish projects, programs, portfolios and operations, and explain how projects create value through outputs, outcomes and benefits
Apply the six PMBOK Guide 8th Edition principles (adopt a holistic view, focus on value, embed quality, lead accountably, integrate sustainability, build empowered teams) to choose the best action in a scenario
Relate the seven performance domains (governance, scope, schedule, finance, stakeholders, resources, risk) and five focus areas (initiating, planning, executing, monitoring and controlling, closing) to work in any delivery approach
Judge project success as delivered value worth the effort and expense, applying the M.O.R.E. mindset (manage perceptions, own project success, relentlessly reassess, expand perspective)
Resolve ethical dilemmas (conflicts of interest, gifts, confidentiality, misreporting) using the PMI Code of Ethics values of responsibility, respect, fairness and honesty
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