The Best project management certifications for 2019

The Best project management certifications for 2019

 

No matter what your IT role, a project management certification can add depth, breadth and value to your role. Here are the top project management certifications, their requirements and cost.

Behind every successful IT project, you’ll find a highly skilled project manager. From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive.

Almost any IT pro can benefit from adding a project management certification to their list of IT credentials; showing you have the know-how to plan, schedule, budget, execute, deliver and then report on IT initiatives. Here, are listed the most popular project management certifications that will add value and help you hone your skills this year.

Top project management certifications

  • PMP: Project Management Professional
  • CAPM: Certified Associate in Project Management
  • CSM: Certified ScrumMaster
  • CompTIA Project+ certification
  • PRINCE2 Foundation/PRINCE2 Practitioner
  • CPMP: Certified Project Management Practitioner
  • Associate in Project Management
  • MPM: Master Project Manager
  • PPM: Professional in Project Management
  • PMITS: Project Management in IT Security
  • Certified Project Director
  • CPM: Certified Project Manager (IAPM)

PMP: Project Management Professional

The gold standard in project management certifications, the Project Management Professional certification is a rigorous test that covers absolutely everything you need to prove your knowledge and skill in managing the “triple constraints”: time, cost and scope. The Project Management Institute (PMI) is this credential’s parent organization, and works continuously with businesses and academia to ensure relevance for the certification.

Organization: Project Management Institute

Price: Computer based exams are $405 for PMI members; $555 for non-members. Paper-based exams are $250 for PMI members; $400 for non-members.

Requirements: Four-year secondary degree plus three years of project management experience, 4,500 hours leading and directing projects, and 35 hours project management education OR a high-school diploma, five years of project management experience, 7,500 hours leading and directing projects, and 35 hours of project management education.

CAPM: Certified Associate in Project Management

The Certified Associate in Project Management is the precursor to the PMP certification and is also administered by the PMI. For professionals without a college degree, or with only rudimentary project management experience or those who want to achieve their PMP certification in steps rather than all at once, the CAPM is a stepping-stone to the more rigorous PMP.

Organization: Project Management Institute

Price: $225 for PMI members; $300 nonmembers

Requirements: High-school diploma, associates degree or equivalent and at least 1,500 hours of project management experience OR 23 hours of project management education.

CSM: Certified ScrumMaster

The use of agile methodologies has become the standard in IT organizations, so it’s not surprising that IT practitioners uniquely qualified to manage projects in agile environments are in high demand. While there are different Scrum master certifications available, the Certified ScrumMaster (CSM) from Scrum Alliance is a great jumping-off point for project managers getting started as Scrum practitioners. The Scrum Alliance, the parent organization for this credential, is a nonprofit organization that encourages the adoption of scrum and agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 450,000 certified practitioners worldwide.

Organization: The Scrum Alliance

Price: ScrumMaster training course cost varies by training provider, but is approximately $995 to $1,395

Requirements: General familiarity with scrum; completion of a two-day Certified ScrumMaster training course.

CompTIA Project+ certification

This entry-level certification is roughly on par with PMI’s CAPM credential, though the requirements are less stringent. CompTIA’s Project+ solicits feedback from the entire computing industry, government representatives, research institutions, academia and independent experts to design the certification.

Organization: CompTIA

Price: $285

Requirements: One year of experience managing, directing or participating in small- to medium-sized projects is recommended.

PRINCE2 Foundation/PRINCE2 Practitioner

Projects in Controlled Environments (PRINCE2) is most well-known overseas, especially in the U.K. and its government entities. The PRINCE2 certifications are delivered by the ILX Group and focus on directing, managing and delivering projects across all phases, pre-project, initiation, delivery and final delivery.

There are two primary qualifications, PRINCE2 Foundation and PRINCE2 Practitioner. The Foundation certification is an entry-level credential that tests basic project management terminology and methodology, while the Practitioner certification tests advanced project managers who have already achieved PRINCE2 Foundation.

Organization: ILX Group

Price: Foundation: $200; Practitioner: $340

Requirements: PRINCE2 Foundation requires a PRINCE2 Foundation course; PRINCE2 Practitioner requires one of the following: PRINCE2 Foundation; Project Management Professional (PMP); Certified Associate in Project Management (CAPM); or an IPMA certification.

CPMP: Certified Project Management Practitioner

The EC-Council was formed after the Sept. 11, 2001, terrorist attacks to address issues of cyberterrorism and the information security of nations at large. The EC-Council’s Certified Project Management Practitioner course is for project managers who want to benchmark their skills through hands-on experience and across various management techniques and tools necessary to successfully manage complex projects efficiently. The objective of the CPMP course is to add value to management professionals by developing managerial, leadership and technical skills required to make any project, small or complex, a success.

Organization: EC-Council

Price: $199 for exam voucher

Requirements: No prerequisites, but it is recommended that candidates attend a three-day preparation course.

Associate in Project Management

The Global Association for Quality Management (GAQM), which administers the Associate in Project Management (APM) — as well as a Professional in Project Management and a Certified Project Director certification — is a global, not-for-profit certification body that offers credentials across a variety of IT specialties. The GAQM’s project management certifications are focused on a broad knowledge base and emphasize effective resource allocation, clear direction, adaptability to change, effective communication and assurance of quality deliverables at minimal risk. The APM program is designed for the entry-level project manager, or for those who want to start a career in the field.

Organization: Global Association for Quality Management

Price: $300

Requirements: GAQM body of knowledge study and e-course; no formal education or experience requirements.

MPM: Master Project Manager

The American Academy of Project Management (AAPM) has modeled the Master Project Manager (MPM) after the “professional licensure” model that many professions like pilots, engineers, doctors and lawyers follow. The AAPM focuses on professional project managers, but also includes those pros with business and technical management responsibilities.

Organization: American Academy of Project Management

Price: $300 for application, review, processing, review, initiation and certification.

Requirements: Three years of project management experience and training. Waivers are available for professionals holding a master’s degree, with other qualified training and experience, the military or project management instructors.

PPM: Professional in Project Management

The Professional in Project Management (PPM) is a mid-tier project management credential from the GAQM. The GAQM’s project management certifications are focused on a broad knowledge base and emphasize effective resource allocation, clear direction, adaptability to change, effective communication and assurance of quality deliverables at minimal risk. The PPM is targeted towards intermediate to experienced project managers who are involved in risk and crisis management, and who are involved in the day-to-day management of projects.

Organization: Global Association for Quality Management

Price: $300

Requirements: GAQM body of knowledge study and e-course; no formal education or experience requirements, but candidates should have at least some project management experience in order to pass the exam.

PMITS: Project Management in IT Security

The EC-Council’s Project Management in IT Security (PMITS) explores the complexities of managing an IT security project. The certification helps candidates reinforce their existing project management skills while tailoring them to the unique requirements of implementing and managing IT security within their organizations.

Organization: EC-Council

Price: $250 (PMITS courseware)

Requirements: At least two years of experience in information security and an educational background that shows a focus on security (bachelor’s degree or higher preferred). Candidates may also opt to attend an EC-council training program before attempting an exam.

Certified Project Director

The GAQM’s Certified Project Director certification is the credentialing body’s highest-level project management certification. This designation is designed for experienced project managers who are involved in directing multiple, complex projects and programs. The program focuses on managing, budgeting and determining scope for multiple projects, multiple project teams, and assessing and mitigating interdependent risks to deliver projects successfully. The CDP program is only for those who have significant project management experience.

Organization: Global Association for Quality Management

Price: $300

Requirements: GAQM body of knowledge study and e-course; candidates must be familiar with principles and methodologies of project management and pass the PPM or equivalent exam.

IAPM Certified Project Manager

The International Association of Project Managers (IAPM) is a global professional association and certification body focused on the project management profession. The IAPM’s purpose is to promote research, development and practical applications of project management, develop standards and guidelines for both beginner and advanced project management training, and review and approve project management competencies within the profession.

There are four levels of certification within the IAPM, split into two disciplines, traditional project management and agile project management: Certified Junior Project Manager and Certified Junior Agile Project Manager; Certified Project Manager and Certified Agile Project Manager; Certified Senior Project Manager and Certified Senior Agile Project Manager; and Certified International Project Manager.  IAPM’s Certified Project Manager certification is for candidates with a foundational knowledge of project management, including the basics of planning, organization and implementation of various projects. The exam covers both the hard and soft aspects of project management.

Organization: IAPM

Price: The certification and examination fee depends on a candidate’s nationality; pricing is gauged based on country-of-origin’s GDP to ensure that any candidate can afford the training and testing. In the U.S., the certification and exam cost is $650, with a 20 percent discount for students, job seekers and active aid organization personnel, according to the IAMP.

Requirements: There are no prerequisites, but IAPM offers workshops through global training partners, or recommended literature for self-study. Once a candidate has completed the workshop or feels adequately prepared, they can take a self-test to benchmark their knowledge. Candidates must achieve a 65 percent on the exam to pass.

Source : www.cio.com

The Best Project Management Conferences of 2019

The Best Project Management Conferences of 2019

 

New year, new opportunities to advance your project management career. There’s always room to better oneself, make connections and get a picture of the industry: all good reasons to take time to visit one of the many project management conferences held in 2019.

As you start to plan your calendar for the year, we’ve offered a rundown of the best project management conferences in 2019. See you there.

March

RICS Valuation Conference 2019

March 26, London, UK

The Royal Institution of Chartered Surveyors (RICS), which accredits professionals in land, property and construction industries, offers this full-day conference designed for valuers. This event features topics relevant to professional development, with industry speakers.

April

Change Management 2019

April 28 – May 1, Orlando, FL

The Association of Change Management Professions (ACMP) holds its annual conference, which is one of the largest in the industry and offers a chance to meet with colleagues from around the world. It supports professional growth, with many sessions to focus on your personal interests.

May

Global Scrum Gathering

May 20-22, Austin, TX

The Scrum Alliance offers its annual networking and learning opportunity, with new solutions and tools to help deepen your knowledge of Agile. It features over 1,000 Scrum and Agile practitioners coming together to discuss new ideas, create community collaboration and make connections.

Project Summit Business Analyst World

May 27 – 30, Toronto, Canada

Part of a series of national conferences for project managers and business analysts accredited by both PMI and IIBA, where participants can earn PDUs/CDUs. There are industry experts and education sessions, workshops and keynotes. Check the website for more conferences.

April

8th International Scientific Conference on Project Management in the Baltic States

April 25-26, Riga, Latvia

Organized by the Research Institute of the Project Management of the Faculty of Business, Management and Economics, University of Latvia, in cooperation with the Professional Association of Project Managers, the aim of this conference is on scientific research. There is an opening plenary session, parallel sessions, and all abstracts have been double-blind reviewed. The conference is in English.

deliver:Agile 2019

April 29 – May 1, Nashville, TN

This must-attend event for the Agile community speaks to new Agile tools and techniques, patterns and practices emerging in the field. Participants learn how to support and evolve their Agile engineering practices as they relate to advances discussed. The three-day conference explores topics such as DevOps approaches, UX design and cloud computing.

May

APM Project Management Conference

May 2, London, UK

“Delivering Value in a Transforming World” is the theme of this year’s APM Project Management Conference. The one-day event has a program of influential speakers who will discuss how project management can better deliver value with innovative methods, tools and techniques.

PMI EMEA Congress

May 13-15, Dublin, Ireland

Hosted by the accrediting agency PMI, the EMEA Congress gathers project, program and portfolio managers from around the globe. They are there to discuss best practices, identify new trends and reinforce core industry skills.

Agile & Beyond

May 30 – 31, Detroit, MI

Agile & Beyond is a grassroots and volunteer-run event that serves to educate on Agile principles and practices. It also covers topics related to Agile. There are approximately 100 sessions packed into the two-day conference, suitable for those new to Agile and the Agile experts.

June

Project Management in Practice

June 13 -14, Boston, MA

The 13th annual conference caters to newcomers and certified practitioners alike. Topics range the gamut, from Agile to strategic project management, including soft skills and behavioral competency. The two-day conference is also available online, and PDUs are available for attending.

July

23rd International Congress on Project Management and Engineering (ICPME)

July 10-12, Málaga, Spain

An international forum for the discussion and debate of all project management and engineering companies and professionals, the conference is geared towards experts, researchers and trainers who are focused on educating future professionals in the field. However, all interested persons are encouraged to attend.

October

PMI Global Conference

October 5 – 7, Philadelphia, PA

This PMI-hosted event focuses on the evolving role of project management, this conference is open to project, program and portfolio professionals and will discuss new ideas and approaches, while giving participants the opportunity to make new relationships and strengthen existing ones.

Future PMO

October 17, London, UK

This PMO conference is created by Wellingtone, a PPM consultancy that works with clients across the UK. The organization is both a Microsoft Gold Partner with PPM Specialization and an APM accredited training provider. This one-day conference is for practitioners at all levels and brings together leading project management experts from across the industry.

The Digital PM Summit

October 20 – 22, Orlando, FL

The Digital PM Summit is a three-day conference of presentations, breakout sessions and talks. It welcomes all methodologies and approaches, from Agile to waterfall and hybrid, offering new perspectives in a social networking-friendly environment.

November

PMO Symposium

November 3 – 6, Denver, CO

The PMO Symposium gives participants access to executive-level networking, workshops and discussions. Learn actionable insights for organizational executives, PMO leaders and senior decision-makers. The details for the 2018 event have yet to be posted.

Source: www.projectmanager.com

What is Risk Management

What is Risk Management

 

The “Risk Management” phrase is used in several fields with different significance. The most common use of this expression is the “Pure Risk” which is used in the aspects of safety and health referring to the pure risk. The risk management in RMP-PMI is another type which is referred to as “Business Risk”. The difference between those two types can be shown as follow:


Pure Risk: The risk of loss (fire, theft, injury… etc.) that is insurable.
Business Risk: The risk of gain or loss that is concerned to business threats or opportunities.


Project Management Institute (PMI) defines risk as “an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives such as scope, schedule, cost, and quality”. (PMBOK Guide, 2013, Page 310) where the uncertainty is lack of knowledge that reduces confidence in conclusions.


The common factors of risk management are:
– Probability: How much percent risk may occur
– Impact: The range of possible outcomes such as time, money …etc.
– Timing: When the risk is expected to take place.
– Frequency: How often this risk is expected to happen


Through risk management you try to increase probability and impact of opportunities, while decrease probability and impact of threats. This action depends on the risk culture of the decision taker which is referred to as risk tolerance. Risk tolerance defines the thresholds that when a risk exceeds, it becomes unacceptable. The most known tolerances are:


Risk Averse: Someone who doesn’t want to take risks.
Risk tolerant: Someone who doesn’t perform a great effort to search for risk, however when the risk comes to him, he exploit it.
Risk Seeker: Someone who spends a lot of time searching for risks.

What is Kanban?

Most projects can be viewed as a process – a series of steps or tasks that achieve some desired result. There are all kinds of processes – simple and complex, individual and team, quick and time-consuming. Sometimes large or over-arching processes consist of a series of smaller pro-cesses.Kanban is a tool for managing the flow of materials or information (or whatever) in a process. Not having the materials, whether it is a part, a document, or customer information, at the time you need it causes delay and waste. On the other hand, having too many parts on hand or too much work in process (WIP) is also a form of waste. Kanban is a tool to learn and manage an optimal flow of work within the process.

There are three basic rules to implementing Kanban:

01. Visualize Workflow

A visual representation of the process lets you see exactly how tasks change from being “not done” to “done right”. The more complex a process is, the more useful and important creating a visual workflow becomes, but kanban can be used if there are just a few steps (do, doing, done) or a lot of steps (plan, design, draft, approve, schedule, imple-ment, test, integrate, deploy).

However complex the project may be, creating a kanban board allows you to see the status of the work being done at a glance.


02. Limit Work in Process (WIP)

Get more done by do-ing less. It may seem counterintuitive, but it is a powerful idea that has been proven time and time again to be true. There is a limit to the number of things you can be working on and still do them well, and that limit is often lower than you think. Whether a project is simple or complex or whether the team is small or large, there is an optimal amount of work that can be in the process at one time without sacrificing efficiency. It’s not uncommon to find that doing ten things at once takes a week, but doing two things at once takes hours, resulting in twenty things being done by the end of the week. Kanban metrics lets you find that optimal number.

03. Measure and Improve Flow

mprovement should al-ways be based on objective measurements, and kanban is no different. Finding and applying good metrics is usually a difficult step, but a few simple measures automatically generated by an application like Kanbanery can give you the information you need to tweak your process to optimize flow and maximize efficiency.

One of the great things about kanban is that you apply it to your existing process. You are simply identifying ways to improve what you are already doing, so you don’t have to start from scratch and you don’t have to worry about “throwing the baby out with the bath water” – meaning that you won’t lose the things you are already doing well. No sudden changes means there is minimal risk in apply-ing kanban as part of your improvement journey.

The PMP Certification Process Overview

The PMP Certification Process Overview

 

The PMP® Certification Process and the requirements for becoming a PMP® are quite complicated if you haven’t taken any PMI exams (like CAPM® or PMI-ACP®) before. Reading the PMP® Handbook alone will not help you much as you will still have some questions unanswered.

A) Fulfil PMP® credential requirements:

  1. Must have enough project management experience as stipulated by PMI
    • For secondary degree holders (e.g. high school diploma, associate’s degree): need to have at least5 years of project management experience and a minimum of 7,500 hours leading and directing projects
    • For four-year degree holders (e.g. bachelor’s degree): need to have at least 3 years of project management experience and a minimum of 4,500 hours leading and directing projects
  2. Have the required 35 Hours of Project Management Education
    • Any education on project management offered by a formal education provider taken at any time before the PMP® exam will satisfy this requirement, e.g. a course in your degree curriculum about project management with a length of more than 35 hours;
    • The course on project management is NOT required to be based on PMBOK® Guide. BUT taking a course based on PMBOK® Guide will help you also in your PMP® preparation (try to find a PMP® exam prep course provided by a PMI Registered Education Provider (R.E.P.)that is accredited by PMI, more on that later).

What is project management experience as recognized by PMI?

  • NO need to carry the job title ‘project manager‘ but must be assigned the responsibility of managing and taking care of projects.
  • The experience is about project management (as defined in the PMBOK® Guide) and not just carrying out project works managed by others.
  • Must have experience in all the lifecycle phases of projects (i.e. 5 process groups of the project management lifecycle, including initiating, planning, directing, monitoring & controlling and closing the project). PMI does not require you to have experience with the 5 process groups from every project. That means you can just involve in initiating in Project A, closing in Project B and all 3 others in Project C.
  • You may consider the Certified Associate in Project Management Certification (CAPM®) offered by the Project Management Institute (PMI) if you have not accumulated the required project management experience. The CAPM® is also based on the PMBOK® Guide (more on factual memorization) but there are no experience requirements.

B) Apply for the PMP® certification online:

  1. The most convenient way to apply for the PMP® exam is through the online system at http://certification.pmi.org.
  2. Sign up for a user account first. After which you can log in and begin filling in the PMP® application form. The information entered on the PMP® application form will be stored on PMI’s web server for up to 90 days. You will get an email reminder from PMI a few days before that period will expire and all the information be deleted.
  3. Read the article on common mistakes of PMP® Application and how you can avoid them.
  4. [Optional but highly recommended] Become a member of PMI. Though it is not required to become a paying member of PMI to take the PMP® exam, being a member allow you to enjoy discounted PMP® and other certification fees, a free downloadable copy of PMBOK® Guide and many online PMP® exam reference books. The PMI annual membership fee is US$129 plus US$10 of first-time registration fee. The money you will save by becoming a member will be much more than the cost of the membership fee for the first year.
  5. After you have completed the online application form, submit it and wait for the approval to sit for the PMP® exam from PMI (in the form of an email).
  6. You can now pay the PMP® certification fee online (US$405 for members and US$555 for non-members). Remember to pay $139 for the membership fee first if you haven’t before paying the PMP® certification fee, you will get an instant saving of US$16.
  7. [Selected randomly by PMI] If you are so fortunate to be chosen for an audit by PMI, you will get a notification email immediately after you have paid the exam fee. Act as fast as possible to send them all the required documents (e.g. academic certificates, 35 hours of project management education certificate, proof of working experience, etc.). Otherwise, you will be given an email authorizing you to schedule your PMP® exam at Prometric website.

C) Schedule, attempt and pass the PMP® exam:

  1. Though you are given a 1-year validity period during which you can schedule the PMP® exam at any time, it is advisable to schedule the PMP® Exam at Prometric website as soon as possible. This arrangement has two benefits:
    • Exam places are limited, the faster to schedule, the more likely you can schedule the exam at a date and time you prefer;
    • Having scheduled the exam will give you a tangible target for you to prepare consistently for the PMP® exam.
  2. Prepare and study well for the PMP® exam by making use of the PMBOK® Guide guide, a PMP® study guide as well as numerous PMP® practice exams.
  3. On the date of the exam, arrive at the exam centre early. Relax and enjoy the exam.
  4. You will be notified of the exam result immediately after the exam. The center staff will give you a printed proof of your exam achievement. If it is a pass, congratulations, you are immediately a PMP®! If, unfortunately, you fail the first try, make plans to retake the exam. You can have up to 2 more chances to take the PMP® exam within the 1-year validity period (though you must pay the re-exam fee separately).

D) Obtain PMP® PDU for re-certification

  1. The PMP® certificate will be mailed to you within 6-8 weeks.
  2. The first benefit of becoming a PMP® is that you can request a PMP® lapel pin free of charge (details will be emailed to you several days after you have passed).
  3. If you pass the PMP® exam, you are immediately a PMP® and your 3-year PDU re-certification cycle begins. Collect at least 60 PDUs per 3-year cycle to allow you to renew your PMP® credential.
  4. You can make use of PMI’s online system to report PDUs to PMI. When you have accumulated enough PDUs, PMI will send you a renewal notice. The renewal fee is US$60 for members and US$150 for non-members.

What’s Next?

If you fulfil the PMP® requirements and are eligible for the PMP® exam, you should next try to understand how much time, money and efforts are needed to get your PMP® title. This is the second most pressing question any PMP® aspirants would ask. 

PMP®️ Domain Information & Overview

PMP®️ Domain Information & Overview

 

Introduction

Welcome back to this series on the Project Management Professional (PMP)®️ certification. In this article, we will cover everything you need to know about the domains/performance areas covered in the PMP examination.

First off, let’s start with an explanation of what domains are.

What Domains Are Covered on the PMP Exam?

Project management is defined as the application of knowledge, skills, tools and techniques to project activities/tasks to meet project requirements. The project activities/tasks a project manager has to perform are divided into five performance areas or domains. These are the five domains that are covered in the PMP exam to ensure you have all the competencies needed to successfully manage any project.

The domains are:

Initiating

This domain covers defining a new project or phase and initial scope, getting authorization, getting initial financial commitment and identifying stakeholders.

Planning

This domain covers defining the scope, objectives and a clear course of action that will be taken to achieve the objectives. All the planning information is stored in the project management plan, which often needs to be revisited if a change happens.

Executing

This domain covers executing the work defined in the project management plan, coordinating people and resources.

Monitoring and Controlling

This domain covers tracking and reviewing the progress and performance of the project and initiating changes if necessary.

Closing

This domain covers finalizing all activities and formally close the project. It may involve getting client acceptance and documenting lessons learned or changes to assets.

How Often Are the Domains Updated?

In order to ensure that the Project Management Professional certification evolves with the profession and reflects competencies needed by present-day project managers in their day-to-day activities, the Project Management Institute (PMI®️) conducts role delineation studies (job analysis) every five to seven years (PMP Certification Handbook, 2017). The role delineation study is performed by an independent party and is validated by volunteer project managers all over the world.

The outcome of the role delineation study may indicate changes to the terminology, tasks, knowledge and skills needed by project managers. This will result in an update to the domains, which domains are most important and how many questions are allocated within each domain in the PMP examination. The changes to the domain are outlined in the PMP exam content outline, which was last published in June 2015. A change in the PMP exam content outline results in a change in the PMP exams.

It is important to note that even though the PMP exam is based on the PMP exam content outline, sometimes the PMP exam also changes even when the exam content outline does not change: for example, when a new edition of the Project Management Book of Knowledge (PMBOK) is released. The PMP exam was last updated on March 26, 2018

How Much is Each Domain Worth on the Exam?

The number of questions from each domain in the PMP exam depends on the outcome of the last role delineation study and which areas are considered most important.

The exam has 200 multiple-choice questions. 175 of them are scorable while the remaining 25, called pre-test questions, are not. Pre-test questions allow PMI to monitor the question performance before adding them to the official exam questions. The 175 scorable questions are broken down into the following percentages:

Initiation: 13%

Planning: 24%

Executing: 31%

Monitoring and Controlling: 25%

Closing: 7%

What Topics Are Covered in Each Domain?

PMP Domains are groups of tasks that the project manager needs to do in order to manage projects and the knowledge or skills needed to do these tasks efficiently. Some of these knowledge areas and skills cross multiple domains and tasks. In this section, we will outline which tasks, knowledge areas and skills are needed in each domain.

Domain 1: Initiating

The first domain on the PMP is called Initiating. The aim of this domain is to test your ability to perform the tasks needed to initiate a project or a phase of a project. Before a project can start, it needs to be determined that the idea for the project and its main objectives are feasible. The project manager then needs to perform several tasks to ensure the project can be completed effectively and get approval to start the project. There are eight tasks within the initiating domain. They are:

  • Performing project assessment to determine feasibility
  • Identifying key deliverables based on business requirements
  • Performing stakeholder analysis
  • Identifying high-level risks, assumptions and constraints
  • Developing the project charter
  • Getting approval of project charter from sponsor
  • Conducting benefit analysis with relevant stakeholders
  • Informing stakeholder of approved project charter

Specific knowledge and skills needed in this area include: analytical skills, benefit analysis techniques, elements of a project charter, estimation tools and techniques and strategic management.

Domain 2: Planning

The second domain on the PMP is called Planning. The aim of this domain is to test your ability to perform tasks needed to outline a clear course of action for achieving the objectives of the project. For example: creating a schedule, determining how finances will be managed, determining how change will be managed and so forth. All the planning information is stored in the project management plan. There are 13 tasks within the planning domain:

  • Reviewing and assessing detailed project requirements, constraints and assumptions with stakeholders
  • Developing a scope management plan
  • Developing a cost management plan
  • Developing the project schedule
  • Developing the human resource management plan
  • Developing the communications management plan
  • Developing the procurement management plan
  • Developing the quality management plan
  • Developing the change management plan
  • Developing the risk management plan
  • Presenting the project management plan
  • Conducting the kick-off meeting and communicating relevant information
  • Developing the stakeholder management plan

Specific knowledge and skills needed include: change management planning, cost management planning, inclusion of project budgeting tools and techniques, communications planning, contract types and selection criteria, estimation tools and techniques, human resource planning, lean and efficiency principles, procurement planning, quality management planning, requirements gathering techniques (e.g., planning sessions, brainstorming and focus groups), regulatory and environmental impacts assessment planning, risk management planning, scope deconstruction (e.g., WBS, scope backlog) tools and techniques, scope management planning, stakeholder management planning and time management planning, including scheduling tools and techniques and workflow diagramming techniques.

Domain 3: Executing

The third domain on the PMP is called Executing. The aim of this domain is to test your ability to perform the tasks needed to carry out the course of action set out in the project management plan. The project manager needs to coordinate resources, ensure they understand and implement the plan, manage how project information is communicated and manage the relationship with stakeholders. There are seven tasks within the executing domain. They are:

  • Acquiring and managing project resources by following the human resource and procurement plan
  • Managing task execution based on the project management plan
  • Implementing the quality management plan
  • Implementing approved changes and corrective actions by following the change management plan
  • Implementing approved actions by following the risk action plan
  • Managing the flow of information by following the communication plan
  • Manage stakeholder relationship by following the stakeholder management plan

Specific knowledge and skills needed include: continuous improvement processes, contract management techniques, elements of a statement of work, interdependencies among project elements, project budgeting tools and techniques, quality standard tools and vendor management techniques.

Domain 4: Monitoring and Controlling

The fourth domain on the PMP is called Monitoring and Controlling. The aim of this domain is to test your ability to perform the tasks needed to track and review the progress and performance of the project. The project manager needs to do everything necessary to make sure the project is on track and that deliverables meet the expected standard. There are seven tasks within the monitoring and control domain. They are:

  • Measuring project performance
  • Managing changes to project following change management plan
  • Verifying that project deliverables conform to the standards in the quality management plan
  • Monitoring and assessing risks
  • Reviewing issue logs
  • Capturing and analyzing lessons learned
  • Monitoring procurement activities according to the procurement plan

Specific knowledge and skills needed include: performance measurement and tracking techniques (e.g., EV, CPM, PERT, trend analysis), process analysis techniques (e.g., LEAN, Kanban, Six Sigma), project control limits (e.g., thresholds, tolerance), project finance principles, project monitoring tools and techniques, project quality best practices and standards (e.g., ISO, BS, CMMI, IEEE), quality measurement tools (e.g., statistical sampling, control charts, flowcharting, inspection, assessment), risk identification and analysis techniques, risk response techniques and quality validation and verification techniques.

Domain 5: Closing

The fifth and last domain on the PMP is aptly called Closing. The aim of this domain is to test your ability to perform tasks needed to finalize all activities and formally close the project. The project manager needs to ensure that the client accepts the deliverables and document lessons learnt for future projects. There are seven tasks within the closing domain. They are:

  • Obtain final approval of project deliverables from relevant stakeholders
  • Transfer ownership of project deliverables to assigned stakeholders
  • Obtain financial, legal and administrative closure
  • Prepare and share final project report according to the communications management plan
  • Collate lessons learned and conduct a project review
  • Archive project documents and materials
  • Obtain feedback from relevant stakeholders

Specific knowledge and skills needed include: archiving practices and statutes, compliance (statute/organization), contract closure requirements, close-out procedures, feedback techniques, performance measurement techniques (KPI and key success factors), project review techniques and transition planning techniques.

Further knowledge areas and skills

There are additional knowledge and skills that cut across all 5 domains. They include: active listening; applicable laws and regulations; benefits realization; brainstorming techniques; business acumen; change management techniques; coaching, mentoring, training and motivational techniques; communication channels, tools, techniques and methods; configuration management; conflict resolution; customer satisfaction metrics; data-gathering techniques; decision-making; delegation techniques; diversity and cultural sensitivity; emotional intelligence; expert judgment technique; facilitation; generational sensitivity and diversity; information management tools, techniques and methods; interpersonal skills; knowledge management; leadership tools, techniques and skills; lessons learned; management techniques; meeting management techniques; negotiating and influencing techniques and skills; organizational and operational awareness; peer-review processes; presentation tools and techniques; prioritization/time management; problem-solving tools and techniques; project finance principles; quality assurance and control techniques; relationship management; risk assessment techniques; situational awareness; stakeholder management techniques; team-building techniques; and virtual/remote team management.

Conclusion

I hope this has given you a better understanding of the PMP domains and what they cover. Future article topics will be focusing on the each of the PMP domains and going into more details about their respective tasks, knowledge and skills.

Sources

Project Management Professional (PMP)®️ Handbook, PMI

Project Management Professional (PMP)®️ Examination Content Outline, PMI

 

To download Free Project Management Templates you can visit www.managementproject.net

Ways to Increase Your Salary as a Project Management Professional

Ways to Increase Your Salary as a Project Management Professional

 

Top performing companies successfully complete 89 percent of their projects, meaning effective project managers not only impact the success of their company’s top initiatives—they enable better project performance overall.

Ninety-seven percent of organizations strongly agree that project management is critical to the success of their company, according to a survey by Pricewaterhouse Coopers. From seeing complex projects from inception to completion, project managers have the capacity to reduce company costs, increase organizational efficiency, and help generate higher revenue.

When it comes to project management, salaries can be rewarding, but also depend on several factors. Let’s take a deeper dive into how certifications, earning an advanced degree, specialization, and other factors can add more money to your paycheck.

Certification and Graduate Degrees

Those with a PMP certification earn 20 percent more than those without one. The median salary for project managers holding this certification is $111,000, versus a median salary for non-PMP holders at $91,000 across all industries.

The PMP certification demonstrates your proficiency in becoming a certified project manager. Earning one not only helps you enhance your salary, it demonstrates to employers that you have the skills, knowledge, and organization to successfully manage projects and teams. PMP certification is often preferred or recognized for promotions and career advancement.

The certification is earned through the Project Management Institute, a globally-recognized association that promotes collaboration, education, and research within project management. The organization also maintains international certification standards, credentialing, policies, and procedures.

In addition to certification, 34 percent of project management job postings prefer or require a graduate degree, according to a report from Burning Glass Labor Insight. A master’s degree in project management can equip you with the concrete skills you need to lead complex projects.

Specialization

Along with earning your PMP certification, you can further increase your salary depending on your specialization within project management. For example, you may choose to become a program manager or a portfolio manager.

Here’s how the three break down:

  • Project managers plan, direct, and close projects by determining responsibilities, creating an inclusive plan, and managing the budget. They typically make an average salary of $108,200.
  • Program managers execute several related projects in a collective way—also known as a program—to improve a company’s outcomes, and they command a median salary of $120,000.
  • Portfolio managers analyze an organization’s projects to help companies identify the best tasks, distribute the right resources, and improve project performance. They earn a median salary of $128,000.

Project Team Size

Team size also affects a project manager’s income. Depending on the size of the team, a project manager could earn an additional $20,000 per year in salary. According to the Project Management Institute, ranges include:

  • One to four people: $100,000
  • Five to nine people: $107,070
  • 10 to 14 people: $111,000
  • 15 to 19 people: $115,823
  • 20 or more people: $120,000

Project managers also make 40 percent more if they are managing ventures that surpass $10 million.

Industry

Your chosen industry can have a significant impact on your earnings as a project manager. According to the Project Management Institute, project managers in the following industries report the highest median income in the nation:

  • Pharmaceuticals: $125,500
  • Agriculture, Mining, and Natural Resources: $120,640
  • Consulting: $120,000
  • Aerospace: $115,000
  • Engineering: $112,000
  • Information Technology: $110,000
  • Oil and Gas: $110,425
  • Government: $110,000

Project management salaries within the science, technology, engineering, and math (STEM) fields are rewarding due to the rapid growth and high salaries within the field. In fact, 93 percent of STEM jobs offer wages well above the national average, and the national median salary for all STEM positions is almost double the average wage for non-STEM roles.

Within the government, projects are more complex than other fields and often require specialized knowledge of particular software, making project management salaries higher than average.

Location

Where you choose to work can also affect your salary. This includes locations both within the U.S. and worldwide.

You can make up to $16,000 more depending on your location within the U.S.

Nationwide, project manager salaries are:

  • Miami: $83,615
  • Austin: $87,742
  • Chicago: $89,065
  • Boston: $91,440
  • Charlotte: $93,320
  • Houston: $93,927
  • Seattle: $94,841
  • New York City: $95,855
  • San Francisco: $99,748
  • Silicon Valley: $110,197

Keep in mind that cost of living varies with each city. For example, the cost of living in Seattle is 24 percent more expensive than the average city, while the cost of living in Austin is three percent lower.

In addition to the U.S., project managers earn the most in countries such as Australia, Switzerland, the Netherlands, Germany, and Canada. According to ProjectManager.com, they command a median salary of:

  • Canada: $95,140
  • Australia: $134,658
  • Switzerland: $133,605
  • The Netherlands: $103,274
  • Germany: $101,983

Where you choose to work can have a huge impact on earnings, in addition to certification and advanced degrees, specialization, project team size, and industry. Project managers should then consider a multitude of factors when looking at salary.

 

Source: www.northeastern.edu

Excel Sheet to Make a Gantt Chart in Microsoft Excel 2013

Excel Sheet to Make a Gantt Chart in Microsoft Excel 2013

 

This Gantt Chart spreadsheet is designed to to help you create a simple project schedule. You only need to know some basic spreadsheet operations, such as how to insert, delete, copy and and paste rows and cells. For more advanced uses, such as defining task dependencies, you will need to know how to enter formulas.

 

Download Link

What is a public-private partnership? Definition and meaning

What is a public-private partnership? Definition and meaning

 

A public-private partnership, also called a PPP, P3 or 3P, is a long-term cooperative agreement between a private company and the national or local government.

Public-private partnership arrangements have existed throughout history, but have become significantly more popular across the globe since the 1980s as governments attempt to obtain some benefits from the private sector without having to make the full privatization jump. In a PPP arrangement, private companies carry out aspects of government work.

According to the World Bank Group, public-private partnerships do not usually include turnkey construction or service contracts – these are classed as public procurement projects, or privatization of utilities where the public sector still has a limited ongoing role.

The PPP Knowledge Lab says the following regarding PPPs:

“A public-private partnership (PPP) is a long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance.”

 

 

When the government is short of funds for a much-needed project, a public-private partnership, which benefits from an injection of money from the private sector, is a promising option.

 

The PPP Knowledge Lab adds that a private-public partnership encompasses several different types of contracts – there is not a standard, internationally-recognized definition of PPP. Different jurisdictions how their own unique terminologies to describe similar projects.

A growing number of nations are enshrining a definition of public-private partnerships in their laws.

Public-private partnership – the best ones

Governments have seen the greatest gains when the public-private partnership arrangements occurred as a result of competitive bidding.

When the private company’s main contribution has been to raise finance, governments have not fared so well. This is because governments can generally borrow money at cheaper rates than private entities can.

 

According to gov.uk, the United Kingdom was the first nation in the world to develop the concept of public-private partnership arrangements for public service projects. (Image: Adapted from gov.uk)

 

Critics say that governments only ask private companies to raise money when they do not want their public borrowing figures to rise.

In the majority of PPP cases, the private entity bears considerable risk and management responsibility, with remuneration (how much they are paid) linked to performance.

What isn’t a PPP?

In countries whose civil laws follow the tradition of the Code Napoleon, there is a difference between public contracts such as concessions and PPPs where the private company is delivering a service to the government in the form of bulk supply, such as a BOT (Build-Operate-Transfer) project for a water treatment plant, or the management of hospital facilities or other existing facilities for a fee.

In other jurisdictions, some specific sectors are excluded from the PPP definition, especially those sectors where there is an extensive private sector initiative or where extensive regulations exist.

In some nations, arrangements involving more limited risk transfer, including management contracts, are excluded from the PPP definition for institutional reasons. In such cases, the public authorities prefer to call them traditional procurement processes for goods and services. PPP Legislation and Laws has a summary of some sample laws.

Public-private partnership growth and decline

Europe:

From 1990 to 2009, almost 1,400 PPP arrangements were signed just in the European Union (EU), representing a capital value of about €260 billion.

Since 2008 – the onset of the global financial crisis – the EU estimates that PPP deals in the trading bloc have declined by over 40%.

According to a European Commission bulletin on PPPs, investments in public sector infrastructure are viewed as an important means of maintaining or boosting economic activity.

The European PPP Expertise Centre (EPEC) was set up to support public-sector capacity to implement public-private partnerships and share timely solutions to problems common across the EU in PPPs.

United States:

A 2007 survey found that two primary reasons for PPPs were expressed by US city managers:

  • Cost reduction, according to 86.7% of survey respondents.
  • External fiscal pressures, such as tax restrictions, according to 50.3%.

In a follow-up survey – Collaborative Service Delivery: What Every Local Government Manager Should Know -carried out in 2012, interest had shifted – the respondents believed that collaborative service delivery was ‘the right thing to do’ (86%) – other motivations in that survey included the need for leveraging resources (84%), better outcomes (81%), relationship building (77%), and better processes (69%).

Among the 2012-survey respondents, the provision of public services and utilities through contracts with private entities reached 18% – the peak – in 1977, and has since declined.

Twenty-two percent of local governments in the 2012 survey said they had brought back in-house one or more services that they had previously provided for their citizens through PPP arrangements.

Public-private partnership controversy

A frequently-mentioned problem with PPP arrangements was that private investors obtained a **rate of return that was greater than the government’s bond rate, even though all or most of the income risk related to the project was borne by the public sector partner.

** Rate of return is the ratio of an investment’s income over its initial cost.

In a PriceWaterHouse (PWC) report – Hanging in the Balance Sheet? – published in 2008, the authors argued that it was not fair to compare the private and public borrowing rates, because of the ‘constraints in public borrowing’, which could imply that public borrowing was excessively high, so PPP projects might be beneficial by keeping the government books free of additional debt.

Several Australian studies of early initiatives to promote PPPs in infrastructure concluded that, in the majority of cases, those proposed schemes were inferior to the standard public procurement model based on competitively tendering construction of publicly-owned assets.

A response to these negative conclusions was the development of formal procedures that focused on PPPs ‘value for money’, instead of reductions in debt.

Value for money, for example, was achieved by arranging an appropriate allocation of risk. From the late 1990s onward, private finance initiatives in Australia had these assessment procedures included in the contracts.

Another model under discussion and of particular interest to developing countries, is the PPCP (public-private community partnership), in which both players – the government and private sector entities – work together for social welfare, thus eliminating the main focus of the private sector partner on profit.

Microsoft Project Professional 2016

Microsoft Project Professional 2016

 

Keep your projects, resources, and teams organized and on track

Get started quickly

Use the Getting Starting screen to quickly learn about new features. Pre-built Project templates make sure you get started on the right track.

Schedule efficiently

Familiar automated scheduling tools help reduce inefficiencies and training time. Multiple timelines make it easier to visualize complex schedules.

Manage resources with ease

Resource management tools help you build project teams, request needed resources, and create more efficient schedules.

Make smart decisions

Built-in reports help project stakeholders visualize data to gain insights across projects and make more informed decisions.

Software Link

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