Saturday, July 22, 2017

Monthly Archives: January 2015

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We had discussed earlier how your career prospects increase with PMP® Certification . With increased globalization, industrialization and millions of projects, big and small being undertaken, the Project Management Profession has been gaining prominence like never before.

To summarize briefly, PMP® Certified Professionals are in demand by many leading companies in India & abroad for the following reasons:

  • Certified professionals implement best practices in the Project Management domain.
  • They are better at managing projects as per general and best practices guidelines.
  • They help in improving the Project Management Processes.

PMP Job Openings

According to PMI, there is huge demand for certified project managers across the globe. The best way to get employed by top companies is through PMP® training, which is the single most important step towards PMP® preparation.

Importance of PMP® Training

There are certain pre-requisites for undertaking PMP exam. PMI requires that before you take up PMP® exam, you need to undergo a mandatory 35 hour Project Management Training. 

PMP Eligibility

The training is done either through an online medium or through Classroom Sessions. Project management training covers the PMBOK (Project Management Book of Knowledge) released by PMI. The intention is to spread awareness and understanding of the general guidelines to be followed while managing a project.  The best part is that the PM training is delivered by industry experts who have hands-on experience in the Project Management domain.

Benefits of Attending Project Management Training

  1. 35 Contact hours PDU(Professional Development Unit) certificate to meet the pre-requisites of PMI PMP® exam
  2. In-depth discussion of the concepts in PMBOK; this allows for easier grasping of concepts and best practices
  3. Learning industries’ best practices
  4. Discussing real-life examples in order to map it to the concepts in the exam
  5. Networking with others who are preparing for PMP®. Networking puts you in touch with others who would later recommend you for jobs in their own organizations

Services Required along with PMP® Training

  • Mock Tests: This allows you to get a feel of the real exam and helps you assess your strengths and weaknesses.
  • Free Post Training Support:  This helps you reach out to your trainer or any other faculty to get doubts cleared even after the training period.
  • Assistance in Submitting Application: The application submission process is tedious. It includes filling up details of all previous projects to match up to 4500 hours of leading or directing a project.  Edureka provides guidance in filling up the details.
  • Free online Resources: Apart from Mock tests,you need to have recorded lectures for easy reference at a future date.
  • Free online support: You definitely require 24/7 support during the training period, to clear any doubts on topics related to the PMP® training course.

PMP® Online Training:

The PMP online training has numerous benefits and some of them are as follows:

  • You can attend the class from the comfort of your home.
  • It’s helpful for those of you who’d like to take a self-paced approach to prepare for PMP® Certification while balancing a busy schedule at work.
  • It allows you to grasp requisite knowledge slowly rather than getting overburdened with a 9 hour classroom session at once.
  • You can raise doubts and get them clarified immediately in this kind of approach.

We hope this post was helpful in understanding the importance of training. Got a question? Mention them in the comments section and we will get back to you with the relevant information

Related Posts:

Tips to ace PMP exam.

Growing PMP career opportunities in different industries.

Guide to PMP exam preparation

 

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Project Management Professional® preparation should be more focused on  quality than quantity. When training for the PMP® exam, it is best to follow some time-tested practices that will help you prepare better for the exam. Here are some tips to help you top your PMP® exam and become a certified project management professional:

Tip#1:

Even before registering for the exam, a thought process has to be set in place. When attempting for PMP® exam, the focus should not be on memorization, but on understanding the concepts, best practices, guidelines and project management framework, as per PMI’s PMBOK Guide. This is important because, the above mentioned practises and guidelines in project management framework will be implemented on a daily basis and thorough understanding of the concept is the only way to do it.

Tip#2:

Enroll for PMP® exam preparation workshop. This is a vital step as this provides you with the required 35 contact hours training and is a perfect opportunity to know what to expect at the PMP® exam

Tip#3:

Now that you have enrolled for the exam preparation course, you are good to go. The next important is to assess your gap in knowledge and know your weak areas, so that you can concentrate more on them.

Tip#4:

Get as much hands-on experience as possible during the exam preparation workshop. This is in fact the most essential part of your preparation for the PMP® exam. The mock test gives you an opportunity to test your knowledge, time management and your understanding of the pattern of the exam. Time management is essential as you have to complete 200 multiple questions in 400 hours.

Tip#5:

You can fill up the PMP® Certification application at the PMI® website –http://www.pmi.org/Certification/Project-Management-Professional-PMP.aspx .We also guide you on how to apply & fill up the PMP® application form.

Tip#6:

There are different phases in project management life cycle like Planning, Execution, Monitoring and Control, Initiation and Closing. Each of these phases have different weightage. A study plan has to be created focussing on providing a bigger part of your time for topics of greater weightage and your weak spots in PMP curriculum and having enough time to cover all areas of the curriculum.

Tip#7:

Divide your time in such a way that all aspect of the PMP® curriculum are covered well in advance. Spend 2 days for project management framework, 18 days for the core concepts and 2 days for ‘Professional & Social Responsibility’. You are not restricted to this schedule. Depending on your learning capabilities and interest in different topics, the time allotment can be worked around.

Tip#8:

Mock test…Mock test…Mock test. There is no better way to test your knowledge and get you prepared for the exam than this. Practice is the key to success

Tip#9: 

Repeated test, tests your skill as well as improves your speed of answering. ! Keep practicing to fine tune your knowledge areas and improve your time management. Keep practicing till the final day to make sure that you will be able to ace the PMP® exam on your first try.

Tip#10:

Repeatedly test your knowledge on your weak areas, till you conquer them. This might sound repetitive, but it is done so to emphasize the importance of being knowledgeable in all areas of project management life cycle and making sure there is no weak areas that might bring down your score in the PMP® exam.

Follow these steps and you will be all set for acing the PMP® examination.  And with Edureka’s 24/7 support to clear your doubts then and there, this is sure shot way to get it right the first time.

All the best!

Related Posts: 

Why companies hire PMP certified Project Managers?

Guide to PMP® exam preparation.

Cracking PMP® exams.

Career prospects with PMP Certification. 

Growing career opportunities in different industries. 

PMP is a registered mark of Project Management Institute, Inc.

 

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Project management is a niche skill that has always been in demand due to the scale and complexity of projects being undertaken in this techno-industrial age. You can read our earlier post on how your career prospects can improve with PMP® certification.

What PMI® Report has to say about the growing demand for PMP® Credential Holders

 Market research is undertaken every now and then to forecast the requirements for Project Managers in the industry.  PMI®, which conducts the Project Management Professional® examination, has been doing specific research in this area and its annual reports showcase the growing demand for individuals in the Project Management Domain.

As per the 2014 report release by PMI®, there will be a high demand for practitioners of project management. The demand would be in terms of:

  • Opportunities Offered
  • Skills required

These demands would also vary based on:

  • Industry Sector
  • Geographic Location

Example: In developing economies like India and China, there is a huge requirement for Project Management Professionals in IT and Manufacturing respectively. China for example does not have effectively implemented project management processes in their industries. This is forcing local industries and global Chinese companies to have it integrated in lieu to comply with the demands of the global clientele.

In countries still recovering from global meltdown, there is an increased need for Project Management Professionals to think strategically and deploy projects effectively.

 Industries with growing demand for Project Management Professionals

 PMP Implentaion in Industries

Energy

The world community is more cohesively talking about the need for non-renewable energy. This has led to large number of projects being undertaken in these areas:

  • Solar energy
  • Wind energy
  • Geothermal energy

There will be huge demands for the project professionals in these areas.

At the same time, one can’t write off traditional energy sources.  Discoveries of newer oil fields and advances in fossil fuel extraction technology are leading to a number of large scale projects being undertaken.

Example: An untapped oil field off the coast of Brazil has been recently discovered and there’s potential to make it one of the biggest oil producers. However, Brazil lacks skilled workforce leave alone Project Management Professionals. This gap is being addressed by importing skilled Project Management Professionals in these long term projects. Similar demand is being generated in Europe where energy fields have been recently discovered in the North Sea region. Therefore there is huge potential in this sector.

Healthcare

Improving care and lowering costs is the main focus area of this industry. In the United States, the Patient Protection and Affordable Care Act has spurred competition in the insurance sector, forcing companies to innovate in order to win customers. The need to cut down costs, increase efficiencies and enhancing customer experience will be an important driver for private insurers in the immediate future.

According to CIO Insight, Project managers with strong IT skills will find opportunities in healthcare projects that use mobile devices, social media and data analytics to unify service across multiple channels.

By 2017 Mobile Healthcare is expected to generate revenue of USD 23 billion and projects that capture healthcare data and use it to improve healthcare delivery with lower operational costs are going to be undertaken.  And therefore Project Managers with experience in the following will be in much demand:

  •  Software Development lifecycle
  • Large scale budget management
  • Cross-functional projects

This trend is being noted in both developed economies as well as developing economies such as South Asia, Africa and Southern America where the middle class is demanding better access to healthcare facilities.

Construction

Construction industry is projected to increase by more than 70 percent to US$15 trillion by 2025, and it will be concentrated in three countries: China, the United States and India.

For project managers with experience in the construction industry, the job market in Asia is the place to be as Project Management processes are not very mature in these geographies. India, whose population growth has outpaced the growth of its infrastructure, has a shortage of professionals and the demand will go up to 3 million professionals by 2022. The country needs approximately 1 million skilled project managers to fill gaps in large construction projects that require high degrees of independence and complex regulatory compliance.

Information Technology

Tech remains a powerful job engine with no signs of slowing. In the United States, technology outpaces all other industries in employment growth by three to one. Multinational IT corporations based in the United States are rapidly taking over smaller IT companies and expanding into emerging markets in Asia, the Middle East and Africa.

As the companies take on multitude of employees from various cultural backgrounds, it has a strong need for project managers with a standardized set of skills to undertake system reorganizations and turning strategic vision into tangible goals and effective output.

IT project managers need to be:

  • Good at understanding the political culture and principles of the organization they work for
  • Have ability to think and act strategically
  • Have experience on architecture led Project Management

 Countries with growing demand for Project Management Professionals

 Project Management Requirements

Canada

582,366 new project management roles are projected to be needed by 2020.

 Brazil

The country’s 10-year energy plan will attract US$133 billion in investments. About two-thirds of employers in Brazil report that they can’t find enough workers with the right skills. More than 1.3 million new project management roles are expected to be needed by 2020.

 North Sea

Deep-sea oil drilling in the North Sea region was expected to create 50,000 new jobs in 2013 alone. By 2030, the North Sea will need 100,000 new workers with college degrees in Finance and Project Management.

 Germany

More than 1.6 million new project management roles are projected to be needed in the country by 2020.

 India

The US$100 billion Delhi-Mumbai industrial corridor development project is India’s largest-ever infrastructure project. Nearly 9 million new project management roles are projected to be needed by 2020.

 China

China boasts the world’s largest high-speed rail system: 10,463 kilometers (6,501 miles) of tracks. With an annual investment of US$100 billion, the country plans to complete 18,000 kilometers (11,185 miles) of track by 2015 and 120,000 kilometers (74,565 miles) of high-speed rail by 2020. Nearly 25 million project management roles are projected to be created by 2020.

 Australia

Australia has three operating liquefied natural gas projects and seven more under construction, representing an investment of more than AU$200 billion. A corresponding labor shortage in Australia translates to higher salaries for Project Managers there. More than 375,000 new project management roles are projected to be needed by 2020.

 Japan

According to PMI’s Project Management Talent Gap Report, 2.6 million new project management roles are expected to be created by 2020.

There is no doubt that PMP® Certification brings with it amazing job opportunities. PMP® Certification examination is a grueling process .

 

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“Operations keeps the lights on, strategy provides a light at the end of the tunnel, but project management is the train engine that moves the organization forward.”Joy Gumz

The quote quite clearly sums up the Project Management domain. Project Management is an integral part of any organizational function.  Every end result in an organization needs to be delivered via a project. How well the project management guidelines are followed is up to the stakeholders and the implementing team.

What is the significance of Project Management?

Project Management helps in bringing sanity to the project through these key points:

  • Planning, risk identification and mitigation steps
  • Effective communication and stakeholder identification
  • Demarcating roles and responsibilities
  • Defining the scope, timeline and cost required to carry out the project

As a result of globalization and rapid economic activities, projects are being undertaken by almost every organization in different industries. While IT has been the front runner when it comes to Jobs in the technology sector, Project Management requirement are increasing in almost all industry sectors like Engineering, Construction, Healthcare, government, Energy and Transportation etc

Therefore Project Management scope is not limited to any one industry. As a result there is a constant demand for individuals who are skilled in overseeing the planning, smooth execution and desirable closure of the project.

What is special about a Project Management Professional?

PMP Professionals

Project Management Professional Exam is based on the PMBOK®  Guide published by PMI®.  PMBOK® Guide acts as a guidelines for best practices which can be used as a framework across multiple industry verticals.

Organizations are in need of individuals who not only possess domain skills but also have gone back and spent time studying the best practices and gained the necessary Project Management Education. To back it up with a certification is an icing on the cake and anyone who is a PMP® certified is almost always in demand in the industry.

PMP® is recognized by Industries globally and is a great way to boost your career.  Organizations these days hire Project Managers not only laterally but many of them also believe in home grown managers who would understand the business much better.

In case of home grown managers, there is always a competition within the colleagues aspiring for the same position. Naturally, it has been seen that the candidate with an industry certification always gets more backing when it comes to promotion to the top job. This is where having a PMP® on your resume is a must.

 Why do Organizations prefer PMP® certified Project Manager?

 Organizations prefer Project Managers with a PMP® certification for multiple reasons:

  • It gives a technical people moving into Project Management role a holistic picture of the PM process and also help them better understand the challenges that are faced in managing projects.
  • Clients prefer Project Managers with PMP® and other PM certifications to manage their project. This is because PMI® Project Management framework is a de-facto standard for best practices.  Therefore when assigning or recruiting project managers, organizations prefer those with PMP®.
  • While PMP® does not automatically teach you all the nitty-gritty of the project management domain, it does lay down a solid foundation and provides the students with a framework for implementation in their future projects.
  •  A Project Manager is expected to perform and play a role in various stages of the project starting from initiation to planning to execution to monitoring and control. PMP® education helps in cohesively looking at the whole process.
  • The PMP® course and certification helps the Project Manager to remember the key principles at all times and follow the best practices.

More and more companies are realizing the importance of Project Management and are hiring individuals with Project Management Experience preferring those with PMP. The roles range diversely from Project Coordinators and Project Managers to Portfolio Managers and Program Managers.

Mature Companies are setting up PMO or the Project Management Office to:

  • Setup a high level body to oversee the performance of projects
  • Make sure the quality is being adhered to
  • Keep a repository of templates, knowledge base of lessons learnt
  • Showcase their work

There has been a high demand for PMP® certified individuals for these jobs.

You can read our earlier post on how your career prospects can improve with PMP® certification

Is Project Management Knowledge exclusive to Project Managers alone?

  • An increasing number of Operations Managers within the Organization are taking up PMP® to enhance their knowledge and contribute to their employers. Project and Operations do not run in isolation. There have been a number of individuals who are taking up their ITIL certifications and club it with a PMP®.
  • To introduce a new service, to carry out a major server upgrade or to carry out a quality improvement program within operations, a project has to be initiated and executed. Many companies take up internal projects which might not be client facing. These may be carried out by individuals within the operations team.

Therefore Project Management Knowledge is not just a requirement for the Project Managers; it is increasingly being taken up by people working in Operations domain as well.

We hope this write-up helped in providing some perspective on how industry is embracing Project Management Professionals. This is why a structured education on Project Management is necessary since Project Management is not just limited to Project Managers. There is no doubt that PMP® Certification brings with it amazing job opportunities.

 

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We have reached the 3rd part of our Project Management Professional® series with PMP® Exam Preparation. The previous two posts dealt with your Career Prospects with PMP® Certification  and what’s covered in PMP® Tutorials.

As you know, the world is becoming increasingly globalized and with rapidly advancing technologies, projects of large and small scale are being undertaken. This has created a requirement for specialist individuals and a huge demand for people who are skilled enough to integrate the different aspects of a project. Currently, demand for project management professionals are not matched by availability of resources with relevant project management skills. This has created an unparalleled opportunity for professionals seeking great career opportunities and growth to build valuable project management skill and PMP® Certification is one of the most sought after credentials out there.

Steps in preparing for PMP® Exam:

Preparing for PMP® Exams has two parts namely registering with a training institute and self study.

Step 1: Register:

As a pre-requisite for the PMP® certification, PMI® requires all candidates attend a mandatory 35 hour Project Management Education.

https://i1.wp.com/www.journey2pmp.in/wp-content/uploads/2015/01/11.jpg?w=700
Training is the first and important step in preparing for the PMP® examination.

The 35 hour training session assists the candidates in various ways such as:

  1. Reviewing the PMP® course
  2. Exam preparation guidance. Edureka provides help with filling up the PMP® application form for the exams.
  3. Live industry examples
  4. Assessing exam readiness by providing test questions
  5. Providing reference material and online resources
  6. Interactive training sessions conducted online or offline by Project Mangers with industry experience.
  7. A good platform to interact with Project Managers to get practical insights in the domain of Project Management.
  8. Option to opt for classroom sessions or online training. Edureka provides online training for 2.5 hours a day spanning two weeks.

 Self Study:

Getting trained is mandatory; however we suggest some tips to strengthen your knowledge while attending the training:

  1. Reference Books: For Reference beyond the training we recommend few books for PMP® certification exam preparation. PMBOK® Guide is the considered the Bible for PMP® preparations. Keep PMBOK® Guide as a reference only. Head first PMP 3rdEdition by O’Reilly provides practical examples without overburdening you with Jargon and Data.  PMP® Exam Preparations by Rita Mulcahy provides in-depth knowledge for every concept.
  2. Mock Exams: Mock exams are a great way to do that. Edureka PMP® training course provides you with 5 free online PMP® mock exams. It’s mandatory to attempt at least 4-5 mock tests before the actual exam day.
  3. Notes: Always develop and maintain your own personal notes with rough diagrams and flowcharts. Training institutes such as Edureka provides 24X7 support along with lifetime access to all the recorded class sessions with the LMS or Learning Management System. This allows you to brush up on the sessions and clear any queries.
  4. Understanding the pattern of the exam: The PMP® exam has 200 questions out of which 25 questions are dummy/test questions and your results will not be evaluated on them. They are used by PMI® to understand if they can use those questions for future exams and also to assess the level of difficulty of the question.
  5. Study Groups: It’s helpful to have likeminded people around with a common goal of cracking the PMP®.  It helps in ideating, exchanging notes and sharing any best learning methodologies.
  6. De-stress: Yoga and Meditation relieve stress and as we all know a happy and rejuvenated mind is always more productive.

ON EXAM DAY:

PMP® exams are usually attempted online by most candidates barring few who take the paper-based format available at select locations. PMI® has tied up with Prometric, a leading testing agency to conduct the computer based tests.

On the day of the exam ensure that you:

  1. Attempt the questions steadily. Mark the ones you doubt and return to unanswered questions at any time during the exam.
  2. The Prometric online testing tool provides an inbuilt calculator which can be used for any numerical calculation.

We hope our write-up will assist you in developing your PMP® exam preparation strategy. To conclude, the increasing demand for project management professionals and the exceptional salary levels in the profession make the project management profession highly desirable to job seekers.

 

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Following on the heels of our previous two posts on Career Prospects with Project Management Professional® Certification and PMP® Training respectively, we finally come to the subject of PMP® Tutorials to see what’s covered in these tutorials.

PMP® certification is a 4-hour long exam with 200 grilling questions. Throw in our busy schedules at work and it may seem like a daunting task. A well structured PMP® tutorial taught by experienced instructors and a deep understanding of PMBOK® Guide is mandatory for cracking the exam.

PMP Exam

Importance of PMBOK® Guide (Project Management Book of Knowledge) in PMP® Tutorials:

  • The exam is based on the PMBOK® Guide (Project Management Book of Knowledge) published by Project Management Institute (PMI)®.
  • The PMBOK® Guide is an ANSI standard guide and gets updated every four years.
  • The PMBOK® Guide lays the guidelines for Project Management and also identifies the best practices.
  • The PMBOK® Guide provides and promotes a common terminology within the project management profession for application on management concepts. The PMI® vocabulary provides the foundations for the professional terminologies that can be consistently used by project, program, and portfolio managers and other stakeholders. It is therefore imperative to understand them from the examination perspective.

PMP® Exam as per PMBOK® Guide:

PMP Course Phases

Each and every phase is important to understand the Project Management Lifecycle. However while preparing for the exam, special focus should be assigned to the phases having more weightage.

The Recommended Approach: 

Project Management training takes care of three important requirements for your PMP® preparation:

  • It helps in securing a 35 contact hour training required for the PMP® examination
  • You’ll be instructed by a globally trained instructor in a structured fashion and you can ask and clear doubts immediately. Also few training institutes provide free online resources and multiple mock exams. .
  • Helps kick start PMP® preparation including help in filling up the PMP® application form.

Areas covered in the PMP® Tutorial:

PMP Tutorial HierarchyThe PMP® training modules are generally designed around the PMBOK® Guide.  While the Project Management in itself is divided into 5 Phases, the approach to study them is broken down in terms of Key Knowledge areas.

  • The PMP® tutorial courses usually start with the introduction of the Project Management Domains, Key terminologies and Organizational structures. It introduces the roles and responsibilities of a Project Manager. It also deals with the differences of Project, Program and Portfolio Management and how Project Management plugs into either of them. Once there is clarity around the fundamentals, the course delves into Key Knowledge areas in depth.
  • The Key Knowledge Areas is where PMI® really tests ones understanding of the Project Management Framework.
  • Each Knowledge area as per the PMI PMBOK® Guide is further divided into Processes. Edureka  courses are designed and delivered so that the student gets a clear understanding of the various processes involved, the inputs going into the process, the tools and techniques required to process it and the outputs from every process.  Once the clarity is attained on the 10 main Key Knowledge Areas, the PMP® examination can be cleared easily.
  • PMP® preparation requires that one is focused on quality over quantity; therefore it is wise to keep it simple. Attend all the sessions delivered by your training institute. While the course delivered must be sufficient, it is always useful to refer to PMBOK® Guide and a reference book. Head First PMP is recommended.

We hope this article will help you strategize your exam preparation which should hopefully now look simpler. Stay tuned for our upcoming post on preparing for the PMP® Exam.

 

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The world is becoming increasingly globalized and with rapidly advancing technologies, projects of large and small scale are being undertaken. This has created a huge demand for people who are skilled enough to integrate the different aspects of a project. This is where Project Management Professional® certified project managers come in the picture. Read on to learn more about the career advantages, job opportunities and earning potential of Project Management Professionals.

Why go for PMP® certification?

1. Career Advantages:

  • While Project Management experience is mandatory, there has been increased demand for certified PMP® certified candidates over non certified candidates when making an employment decision.
  • The PMP® certification establishes a common language among project managers and helps each other work within a common framework.
  • According to Dice, PMP® Certification is one of the top 5 in-demand certifications of 2013.

2. High Demand for PMP® Certified Professionals:

PMP Certification, PMP for career, PMP career opportunities

According to the latest projections conducted by PMI®, the expanding job markets, increasing demand and improving GDP is going to spur the international growth of the project management profession. With increased implementation there is assurance of increase in the need for the right professionals with appropriate skills. IT employers are seeking specific skills to deliver what the businesses need to compete and 40% of them will hire Project Managers in the next 12 months to keep up with the increasing projects.

3. Big Bucks for PMP® Certified Professionals:

PMP Certification, PMP for career, PMP career opportunities

  • PMI® reports that those with a Project Management Professional credential earn approximately 16 % more than those without it.
  • In US alone, employers are paying higher salaries to project managers with PMP® certification: those who’ve held a PMP® certification for five to less than 10 years earn a median base salary of $113,000, while those who’ve maintained a PMP® for 10 to less than 20 years earn a median base salary of $120,000.
  • The median base salary for an individual working in the field of project management in the U.S. is $105,000. Such a high median shows that companies are willing to pay top dollar for project management expertise.

PMP Certification, PMP for career, PMP career opportunities

4.  Sunny Forecast for Project Management:

  •  The Anderson Economic Group predicts that 1.2 million project management positions will need to be filled each year until 2016.
  • The project management profession is slated to grow by USD$6.61 trillion by 2020.
  • 15.7 million new project management roles will be added globally across seven project-intensive industries by 2020 namely Business Services, Finance and Insurance, Manufacturing, Utilities, Construction, Information Services, Oil & Gas.

PMP Certification, PMP for career, PMP career opportunities

To sum it up, PMP® Certification gives a solid boost to your career.

 

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Project Management Institute is a non-profit organization, established in 1969 in Pennsylvania, USA.

  • Now, it has more than 500,000 members, from 171 countries across the world.
  • PMI®  is actively engaged in setting up professional standards and project management standards; conducting research and providing access to information and resources.
  • It has designed some of the certifications in a way where it talks about the core project management, risk management, scheduling, etc.
  • Now, there is a new certification, PBA, launched for business analysis, which is in its pilot phase.
  • They continuously keep researching as to how they can help people with these skills or improve bigger umbrella project management campaign.
  • It promotes career and professional development by offering certifications, and opportunities of networking and community involvement.
  • One of the great benefits that come with PMI® membership is the opportunity to connect with your peers in the same industry and engage face-to-face with members for educational and networking events.

You can get associated with PMI®  in two ways. You can be a member of PMI® or a non-member (by just getting registered with them). To become a member, you have to pay a certain amount of fees before registering yourself to the various chapters of PMI®. For example, a person can be a part of PMI®  India Chapter, or precisely North India or South India Chapter. Similarly, based on your areas you can be associated with the PMI® Chapters, but for that you have to be the member of PMI® and then a member of a Chapter.

If you are a member of PMI®, it keeps sending various opportunities to get associated in their webinars and their online training sessions or probably some conferences, which may occur in different parts of the country or the world with a very nominal fee. Non-members can be a part, but the probability of them receiving such communications will be low. They might not have much opportunity in earning the PDUs, or the points which you need to renew your certifications. Volunteer opportunities for non-members would be a little less.

The certifications that are offered by PMI® :

  • Certified Associated Project Management (CAPM®): This is the subset of PMP® Certification.
  • Project Management Professional (PMP®): PMP® is a certification, which talks about project management on a broad level.
  • Program Management Professionals (PgMP®)
  • PMI®  Agile Certified Practitioner (PMI-ACP®)
  • PMI®  Scheduling Professional (PMI-SP®)
  • PMI®  Risk Management Professional (PMI-RMP®)
  • Portfolio Management Professional (PfMP®)
  • PMI-PBA (still in the Pilot phase)

PMI® offers all these certifications at a very nominal cost. The eligibility criteria to apply for each of these certificates is different, e.g. for PMI-ACP® you need to have 8 months of Agile Experience, but for PMP® you would not need to have the agile experience, as it’s not mandatory.

 

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PMBOK Guide is a “distilled version” of Project Management body of knowledge and it coexists with the corresponding application area knowledge, general management skillsand interpersonal skills.

PMBOK guide is a standard, which does not talk about a particular methodology, like Agile or PRINCE2 and so on. It gives a slightly higher level overview of Project Management, in which it proposes 47 processes, which are supposed to be the best practices in Project Management that are needed to be applied for the project to be successful.

The PMBOK Guide has been published by PMI and it takes inputs from practitioners and academics.

As mentioned above, PMBOK Guide is a distilled version, and the important thing that it has put through is, there is an overlap between the application area knowledge, general management skills and interpersonal skills. It implies that they are not exclusive to each other, or are not standing alone, instead they intersect each other.

The PMBOK Guide has been organized into 3 sections, which are:

1. The Project Management Framework

  • Introduction
  • Organizational Influence and Project Life Cycle

2. The standard for Project Management of a Project

  • Project Management Process Groups (includes 5 process groups)
  • Project Management processes for a project (47 processes)

3. The Project Management Knowledge Areas

  • 10 Distinctive Knowledge Areas

PMBOK Guide is a “distilled version” of Project Management body of knowledge and it coexists with the corresponding application area knowledge, general management skillsand interpersonal skills.

PMBOK guide is a standard, which does not talk about a particular methodology, like Agile or PRINCE2 and so on. It gives a slightly higher level overview of Project Management, in which it proposes 47 processes, which are supposed to be the best practices in Project Management that are needed to be applied for the project to be successful.

The PMBOK Guide has been published by PMI and it takes inputs from practitioners and academics.

As mentioned above, PMBOK Guide is a distilled version, and the important thing that it has put through is, there is an overlap between the application area knowledge, general management skills and interpersonal skills. It implies that they are not exclusive to each other, or are not standing alone, instead they intersect each other.

The PMBOK Guide has been organized into 3 sections, which are:

1. The Project Management Framework

  • Introduction
  • Organizational Influence and Project Life Cycle

2. The standard for Project Management of a Project

  • Project Management Process Groups (includes 5 process groups)
  • Project Management processes for a project (47 processes)

3. The Project Management Knowledge Areas

  • 10 Distinctive Knowledge Areas
 

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ITTOs are Inputs – Tools & Techniques – Outputs.

ITTO’s exist for each of the 47 Processes, based on the PMBOK Guide, Fifth Edition. These processes are spread in the 10 Knowledge Areas and the 5 Process Groups. Understanding the ITTOs is vital to pass the PMP Exam. Atleast 40% of the PMP Exam questions (roughly 80 out of 200), can be answered correctly if you have a solid understanding of the Inputs, Tools & Techniques, and Outputs of the Processes… and their interactions. However many people just resort to memorize them, and guess what… memorizing it for 47 processes not easy, and is not really necessary. Yes, you need to remember them for a few processes to be exact, but not all.  If you attend any PMP Training, or buy a good Exam Prep Book, you can understand how the different processes interact with each other. The output of any process becomes the input to the next process in the logical order. Even if you are able to memorize it, you may make mistakes, or may not be able to answer the PMP exam questions if you do not understand the relationship between the different processes.

Even if you are able to memorize it, you may make mistakes, or may not be able to answer the PMP exam questions if you do not understand the relationship between the different processes. Test your knowledge of ITTOs for PMP Exam?

Question 1: As an output of the Monitor & Control Risk process, an updated risk register generally includes some or all of the following EXCEPT:

A. Outcomes of risk reassessment, risk audits, and risk reviews
B. Work performance measurements and updates to configuration management system
C. Outcomes of the project’s risk and the risk responses
D. Identification of new risk events, updates to probability, impact, priority, response ownership and other elements of the risk register

Question 2: Tools & Techniques to acquire the project team include all of the following EXCEPT:
A. Pre-assignment
B. Acquisition
C. Staffing Management Plan
D. Negotiation

Question 3: You have just completed the schedule baseline and the cost baseline. What would be the most appropriate thing to do NEXT:
A. Risk Management Plan
B. Communication Management Plan
C. Scope Management Plan
D. Quality Management Plan

Answers to ITTO questions above:
Q1: Correct answer is B – second choice
Q2: Correct answer is C – third choice
Q3: Correct answer is D – fourth choice

 

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