Search

An Analysis Of Certifications From PMI

The Project Management Institute (PMI®), the leading professional body for project management, defines and administers the standards and practices related to project management, agile management and various aspects of project management related to scope and time risk. The Project Management Body of Knowledge (PMBOK®) and the various guides related to risk management, schedule management, business analysis etc. provides knowledge on various concepts, tools, techniques and methodologies related to each profession. PMI® offers a whole variety of professional certifications based on the aforementioned documentation.  Although a few of these certifications are popular all over the world and are considered as the de-facto certification for the profession of project management, many a professional do not know the value of each certification and most of all the learning they would obtain by going through the material related to them. This article is an attempt to list down the certifications offered by PMI along with the requirements to apply for and attempt each certification. Obtaining the key credentials such as CAPM®, PMP®, PMI-ACP® and even PMI-PBA® not only provides the recognition in the profession of project management but also recognized the individual as someone who is knowledgeable with the principles and best practices pertaining to the profession and that he or she is capable of adapting to each situation. PMI® Certifications are based on competency of each individual and is mainly in line with the Project Management Body of Knowledge (PMBOK®). The current version of PMBOK® is version 5.0 with version 6.0 scheduled to be released in 2017. Even the credential such as PMI-PBA®, PMI-SMP®, PMI-RMP® etc. expects the participant to go through relevant knowledge areas in the PMBOK® along with the other recommended reading material. The certifications from PMI® and the requirements are as listed below. Certified Associate in Project Management (CAPM®) CAPM® is the recommended certification for a professional who is new to the profession of project management or is someone attempting a transition from another profession to a role as a project manager or coordinator. To earn your Certified Associate in Project Management (CAPM)® certification, you need to meet the education requirements, and pass the CAPM® examination The requirements to sit for CAPM® are as follows. 23 contact hours of Project Management Education obtained within the last 2 years time period from the time of application. A secondary degree (high school diploma, associate’s degree or global equivalent) with 1500 hours of experience in being part of a project. The CAPM® exam is available as a PBT or CBT format and is of 3 hours duration, consisting of 150 theory and scenario based MCQ questions. The pass mark is approximately 67% (though not published). The individual must retake the exam every five years in order to maintain the credential. Project Management Professional (PMP®) PMP® is the most sought after certification for a project manager who has a considerable amount of experience as a project manager and is looking for a certification to further enhance his reputation and knowledge. By obtaining a PMP certification, you will learn valuable skills that will in turn help you to evaluate whether or not that potential team member will be able to work well with everyone. The prerequisites for PMP® are as follows. 35 contact hours of Project Management Education obtained within the last 2 years time period from the time of application. A secondary degree (high school diploma, associate’s degree or global equivalent) with 7500 hours of experience in leading and directing projects.                                                                                                                                                                   Or A four-year degree from any field with 4500 hours of experience in leading and directing projects. The PMP® exam is available as a PBT or CBT format and is of 4 hours duration consisting of 200 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. The pass mark is approximately 65% (though not published). In order to maintain the certification, the individual must report 60 Professional Development Units (PDUs) every three years. PMI Professional in Business Analysis (PMI-PBA®) A relatively new addition to the list of certifications offered by PMI®, the PMI-PBA® certification is a certification for business analysis which is rapidly gaining popularity. PMI-PBA® is a certification suitable for anyone playing an analyst or consultant role or dealing with scopes and requirements in the context of a project. The eligibility criteria for PMI-PBA® are as follows. 35 contact hours of Education in Business Analysis obtained within the last 2 years time period from the time of application. A secondary degree (high school diploma, associate’s degree or global equivalent) or 7500 hours of business analysis experience with 2000 hours of experience by working on project teams.                                                                                                                                                                                                                                            Or A four-year Bachelor’s degree or global equivalent with 4500 hours of business analysis experience with 2000 hours of experience working in project teams. The PMI-PBA® exam is available as a PBT or CBT format and is of 4 hours duration consisting of 200 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. The pass mark is approximately 65% (though not published). In order to maintain the certification, as with PMP® the individual must report 60 Professional Development Units (PDUs) every three years. PMI Agile Certified Practitioner (PMI-ACP®) Agile project management comes in multiple flavours- Scrum, Kanban, Lean, DSDM, XP, Pair Programming to name a few. Each Agile method has its own set of principles and practices that drives delivery of projects.  PMI-ACP® recognizes the professional’s knowledge and skills on Agile techniques. It is one of the fastest growing and highly recognized agile certifications in the world. The eligibility criteria for PMI-ACP® are as follows. 21 contact hours of training in agile practices obtained within the last 2 years time period from the time of application. 2000 hours of general project experience gained by working in project teams with an additional 1500 hours experience working on agile project teams or with agile methodologies. The PMI-ACP® exam is available as a PBT or CBT format and is of 3 hours duration, consisting of 120 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in agile topics every three years. PMI Risk Management Professional (PMI-RMP®) A professional with a risk management professional certification is recognized for the capability to identify and assess project risks, mitigate risks and respond to such situations. PMI-RMP® is one of the key certifications of professionals involved in performing risk management activities especially in large multi-national organizations. The eligibility criteria for PMI-RMP® are as follows. A secondary degree (high school diploma, associate’s degree or global equivalent) with 4500 hours of risk management experience, along with 40 contact hours of training in risk management obtained within the last 2 years time period from the time of application.                                                                                                                                                                                                                                                                        Or A four-year Bachelor’s degree or global equivalent with 3000 hours of risk management experience with 30 hours of risk management education. The PMI-RMP® exam is available as a PBT or CBT format and is of 3 ½ hours duration consisting of 170 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in risk management topics every three years. PMI Scheduling Professional (PMI-SP®) PMI-SP® is suitable for professionals who are involved in developing, managing and maintaining project schedules and would like to get a professional certification to back it up. The certification enlightens participants on concepts in managing activities, resources, dependencies, schedules and ultimately the outcomes of the projects and will equip them with best practices on improving project schedule management. The eligibility criteria for PMI-SP® are as follows. A secondary degree with 5000 hours of project scheduling experience, along with 40 contact hours of training in project scheduling obtained within the last 2 years time period from the time of application or a four-year Bachelor’s degree with 3500 hours of project scheduling experience with 30 hours of project scheduling education. The PMI-SP® exam is available as a PBT or CBT format and is of 3½ hours duration, consisting of 170 theory, scenario and case study type MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in project scheduling topics every three years. Program Management Professional (PgMP®) PMI’s Program Management Professional certification is ideal for senior project management professionals who are managing multiple related projects which may span multiple functional units or even organizations. PgMP® equips the professionals with the necessary knowledge and skills in managing such high valued complex projects and gets him recognized as a seasoned and experienced project management practitioner. The eligibility criteria for PgMP® are as follows. A secondary degree with 6000 hours of project management experience with 10500 hours of program management experience                                                                                                                                                                                                  Or A four-year Bachelor’s degree with 6000 hours of project management experience along with 6000 hours of program management experience. The process of obtaining PgMP® is different from the certifications discussed previously. Awarding the credential occurs in stages where the individual must First face an evaluation conducted by a panel Sit for the certification exam which has 170 MCQ questions within a 4 hour time duration In order to maintain the credential, the professional must earn 60 PDUs on program management during every 3-year review cycle. Portfolio Management Professional (PfMP®) PfMP® is the highest certification offered by PMI® and is suitable for professionals holding C-Level positions in organizations. Portfolios of projects involve large strategic initiatives, which encompasses business units, functional units, organizations which may span across multiple geographies and cultures and requires significant and advanced competencies in coordinated management of such initiatives. The eligibility criteria for PfMP® are as follows. Possess a minimum of 8 years of professional business experience Secondary degree (high school diploma, associate’s degree or equivalent) 10,500 hours of portfolio management experience                                                                                                                                                       or A 4 year Bachelor’s degree (or equivalent) 6000 hours of portfolio management experience The process of obtaining and maintaining the PfMP® is similar to PgMP®. Awarding the credential occurs in stages where the individual must First face a review conducted by a panel Sit for the certification exam which has 170 MCQ questions to be completed within a 4 hour time duration In order to maintain the credential, the professional must earn 60 PDUs in portfolio management topics during every 3-year review cycle. Obtaining and maintaining a PMI® credential is not an easy task. It requires meticulous planning, diligent preparation and experience to obtain the credential, followed by continuous professional development to maintain the same. However, if you manage to obtain and maintain some of these credentials, you are sure to succeed and thrive in the competitive world of project management.
Rated 4.5/5 based on 20 customer reviews

An Analysis Of Certifications From PMI

4K
An Analysis Of Certifications From PMI

The Project Management Institute (PMI®), the leading professional body for project management, defines and administers the standards and practices related to project management, agile management and various aspects of project management related to scope and time risk. The Project Management Body of Knowledge (PMBOK®) and the various guides related to risk management, schedule management, business analysis etc. provides knowledge on various concepts, tools, techniques and methodologies related to each profession.

PMI® offers a whole variety of professional certifications based on the aforementioned documentation.  Although a few of these certifications are popular all over the world and are considered as the de-facto certification for the profession of project management, many a professional do not know the value of each certification and most of all the learning they would obtain by going through the material related to them.

This article is an attempt to list down the certifications offered by PMI along with the requirements to apply for and attempt each certification. Obtaining the key credentials such as CAPM®, PMP®, PMI-ACP® and even PMI-PBA® not only provides the recognition in the profession of project management but also recognized the individual as someone who is knowledgeable with the principles and best practices pertaining to the profession and that he or she is capable of adapting to each situation.

PMI® Certifications are based on competency of each individual and is mainly in line with the Project Management Body of Knowledge (PMBOK®). The current version of PMBOK® is version 5.0 with version 6.0 scheduled to be released in 2017. Even the credential such as PMI-PBA®, PMI-SMP®, PMI-RMP® etc. expects the participant to go through relevant knowledge areas in the PMBOK® along with the other recommended reading material.

The certifications from PMI® and the requirements are as listed below.

Certified Associate in Project Management (CAPM®)

CAPM® is the recommended certification for a professional who is new to the profession of project management or is someone attempting a transition from another profession to a role as a project manager or coordinator.
To earn your Certified Associate in Project Management (CAPM)® certification, you need to meet the education requirements, and pass the CAPM® examination

The requirements to sit for CAPM® are as follows.

  • 23 contact hours of Project Management Education obtained within the last 2 years time period from the time of application.
  • A secondary degree (high school diploma, associate’s degree or global equivalent) with 1500 hours of experience in being part of a project.

The CAPM® exam is available as a PBT or CBT format and is of 3 hours duration, consisting of 150 theory and scenario based MCQ questions. The pass mark is approximately 67% (though not published). The individual must retake the exam every five years in order to maintain the credential.

Project Management Professional (PMP®)

PMP® is the most sought after certification for a project manager who has a considerable amount of experience as a project manager and is looking for a certification to further enhance his reputation and knowledge. By obtaining a PMP certification, you will learn valuable skills that will in turn help you to evaluate whether or not that potential team member will be able to work well with everyone.

The prerequisites for PMP® are as follows.

  • 35 contact hours of Project Management Education obtained within the last 2 years time period from the time of application.
  • A secondary degree (high school diploma, associate’s degree or global equivalent) with 7500 hours of experience in leading and directing projects.                                                                                                                                                                   Or

A four-year degree from any field with 4500 hours of experience in leading and directing projects.

The PMP® exam is available as a PBT or CBT format and is of 4 hours duration consisting of 200 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. The pass mark is approximately 65% (though not published). In order to maintain the certification, the individual must report 60 Professional Development Units (PDUs) every three years.

PMI Professional in Business Analysis (PMI-PBA®)

A relatively new addition to the list of certifications offered by PMI®, the PMI-PBA® certification is a certification for business analysis which is rapidly gaining popularity. PMI-PBA® is a certification suitable for anyone playing an analyst or consultant role or dealing with scopes and requirements in the context of a project.

The eligibility criteria for PMI-PBA® are as follows.

  • 35 contact hours of Education in Business Analysis obtained within the last 2 years time period from the time of application.
  • A secondary degree (high school diploma, associate’s degree or global equivalent) or 7500 hours of business analysis experience with 2000 hours of experience by working on project teams.                                                                                                                                                                                                                                            Or

A four-year Bachelor’s degree or global equivalent with 4500 hours of business analysis experience with 2000 hours of experience working in project teams.

The PMI-PBA® exam is available as a PBT or CBT format and is of 4 hours duration consisting of 200 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. The pass mark is approximately 65% (though not published). In order to maintain the certification, as with PMP® the individual must report 60 Professional Development Units (PDUs) every three years.

PMI Agile Certified Practitioner (PMI-ACP®)

Agile project management comes in multiple flavours- Scrum, Kanban, Lean, DSDM, XP, Pair Programming to name a few. Each Agile method has its own set of principles and practices that drives delivery of projects.  PMI-ACP® recognizes the professional’s knowledge and skills on Agile techniques. It is one of the fastest growing and highly recognized agile certifications in the world.

The eligibility criteria for PMI-ACP® are as follows.

  • 21 contact hours of training in agile practices obtained within the last 2 years time period from the time of application.
  • 2000 hours of general project experience gained by working in project teams with an additional 1500 hours experience working on agile project teams or with agile methodologies.

The PMI-ACP® exam is available as a PBT or CBT format and is of 3 hours duration, consisting of 120 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in agile topics every three years.

PMI Risk Management Professional (PMI-RMP®)

A professional with a risk management professional certification is recognized for the capability to identify and assess project risks, mitigate risks and respond to such situations. PMI-RMP® is one of the key certifications of professionals involved in performing risk management activities especially in large multi-national organizations.

The eligibility criteria for PMI-RMP® are as follows.

  • A secondary degree (high school diploma, associate’s degree or global equivalent) with 4500 hours of risk management experience, along with 40 contact hours of training in risk management obtained within the last 2 years time period from the time of application.                                                                                                                                                                                                                                                                        Or

A four-year Bachelor’s degree or global equivalent with 3000 hours of risk management experience with 30 hours of risk management education.

The PMI-RMP® exam is available as a PBT or CBT format and is of 3 ½ hours duration consisting of 170 theory, scenario and case study (1 to 1 ½ pages) based MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in risk management topics every three years.

PMI Scheduling Professional (PMI-SP®)

PMI-SP® is suitable for professionals who are involved in developing, managing and maintaining project schedules and would like to get a professional certification to back it up. The certification enlightens participants on concepts in managing activities, resources, dependencies, schedules and ultimately the outcomes of the projects and will equip them with best practices on improving project schedule management.

The eligibility criteria for PMI-SP® are as follows.

  • A secondary degree with 5000 hours of project scheduling experience, along with 40 contact hours of training in project scheduling obtained within the last 2 years time period from the time of application or a four-year Bachelor’s degree with 3500 hours of project scheduling experience with 30 hours of project scheduling education.

The PMI-SP® exam is available as a PBT or CBT format and is of 3½ hours duration, consisting of 170 theory, scenario and case study type MCQ questions. In order to maintain the certification, the individual must report 30 PDUs in project scheduling topics every three years.

Program Management Professional (PgMP®)

PMI’s Program Management Professional certification is ideal for senior project management professionals who are managing multiple related projects which may span multiple functional units or even organizations. PgMP® equips the professionals with the necessary knowledge and skills in managing such high valued complex projects and gets him recognized as a seasoned and experienced project management practitioner.

The eligibility criteria for PgMP® are as follows.

  • A secondary degree with 6000 hours of project management experience with 10500 hours of program management experience                                                                                                                                                                                                  Or

A four-year Bachelor’s degree with 6000 hours of project management experience along with 6000 hours of program management experience.

The process of obtaining PgMP® is different from the certifications discussed previously. Awarding the credential occurs in stages where the individual must

  • First face an evaluation conducted by a panel
  • Sit for the certification exam which has 170 MCQ questions within a 4 hour time duration

In order to maintain the credential, the professional must earn 60 PDUs on program management during every 3-year review cycle.

Portfolio Management Professional (PfMP®)

PfMP® is the highest certification offered by PMI® and is suitable for professionals holding C-Level positions in organizations. Portfolios of projects involve large strategic initiatives, which encompasses business units, functional units, organizations which may span across multiple geographies and cultures and requires significant and advanced competencies in coordinated management of such initiatives.

The eligibility criteria for PfMP® are as follows.

  • Possess a minimum of 8 years of professional business experience
  • Secondary degree (high school diploma, associate’s degree or equivalent)
  • 10,500 hours of portfolio management experience                                                                                                                                                       or
  • A 4 year Bachelor’s degree (or equivalent)
  • 6000 hours of portfolio management experience

The process of obtaining and maintaining the PfMP® is similar to PgMP®. Awarding the credential occurs in stages where the individual must

  • First face a review conducted by a panel
  • Sit for the certification exam which has 170 MCQ questions to be completed within a 4 hour time duration

In order to maintain the credential, the professional must earn 60 PDUs in portfolio management topics during every 3-year review cycle.

Obtaining and maintaining a PMI® credential is not an easy task. It requires meticulous planning, diligent preparation and experience to obtain the credential, followed by continuous professional development to maintain the same. However, if you manage to obtain and maintain some of these credentials, you are sure to succeed and thrive in the competitive world of project management.

Rumesh

Rumesh Wijetunge

Chief Innovation Officer - Zaizi Limited, Chief Operating Officer - LearntIn (Pvt) Ltd., Director /

Rumesh is an IT business leader with over 12 years of industry experience as a business analyst and project manager. He is currently the CIO of Zaizi Limited, a UK based data management company heading the operations in Sri Lanka, the COO of LearntIn, a global training institute based in Sri Lanka and is also a lecturer / trainer at multiple private universities on management, IT, business analysis and project management subjects. He is the current president of the IIBA Sri Lanka chapter and is one of the most qualified and sought after trainers in Sri Lanka. Refer his LinkedIn profile for more details and to see more articles he has written on linkedin

Join the Discussion

Your email address will not be published. Required fields are marked *

Suggested Blogs

Everything you need to know about PSM certification

1. Introduction to Professional Scrum MasterWho is Professional Scrum Master (PSM)?We partially give some elements in a previous article on our blog: “ How To Choose A Scrum Master? “. On top of that, it is important to   highlight that the Professional Scrum Master wear different hats according to the context: s/he is a coach, facilitator, enabler, problem- solver, proxy. His/Her main characteristic is to embody Servant Leadership. And basically, as the first promoter of Agile in the   organization, s/he truly has the Agile mindset and is more than willing to share it.Role and Responsibilities of PSM in the teamBecause the position of Scrum Master depends so much on the context, you will find multiple potential roles and responsibilities description by searching on the Internet. However, here are the basics:Coaching the organization, especially the Scrum Team, to get an Agile mindsetIncreasing the quality of deliverables and reducing time to deliverHelping the Dev Team to become self-organized and self-empoweredBuilding culture of trust, transparency, feedback and “fast failure to learn fast”\Advocating in favor of the more appropriated framework to make the Dev Team performant – it can be something else than Scrum!Ensuring that this framework is properly implemented to fit with the Scrum Team needsRemoving any impediment and blocker that prevent the Scrum Team to perform Requirements to become a PSMOfficially, there is no specific requirement: everyone is a potential candidate to become a Professional Scrum Master (PSM).Why become a PSM and what do I need to become a PSMDo you live and breathe Agile? Ok, that sounds too much.Nevertheless, have in mind that learning theory and training to open assessments is one sufficient thing to get certified but acting as a good Scrum Master requires a true behavior and belief in Agile philosophy coupled with large experience, ideally in organizations that have succeeded in their transformation.Like other jobs at “vocation”, you feel a true desire to become Scrum Master when working or at least meeting with one of them. When you meet a great Scrum Master, at some point you could become aware that you do want to do the same job: because you help people working better, feeling better at work, you participate to a radical transformation in the workplace for a better organization.2. What’s the importance of a PSM certificate?Getting a PSM certificate demonstrates the capacity to know, understand and apply Scrum in real-world situations.3. PSM Certification TrainingHow to become a PSM?Although it is highly recommended, taking a training is optional. However, taking the official exam is mandatory to get certified. Scrum.org is the official provider:Syllabus of Professional Scrum MasterA core of knowledge about Scrum remains the Scrum Guide from Ken Schwaber and Jeff Sutherland.Spend time and train seriously on the Scrum Open Assessment: this is the most realistic assessment you can train on!Next very useful resources are available with the Scrum Master Learning Path: this is a set of Professional Scrum Competencies which each contain a number of focus areas.Further reading:Scrum tutorial: An in-depth learning of Scrum, about its origin, evolution, and the progressive development of the framework.Scrum.org recommends strongly these books:Scrum: A Pocket Guide by Gunther VerheyenSoftware in 30 days by Ken SchwaberScrum.org offers also:A very complete glossaryforums populated by threads of quality, written by contributors with solid experience in ScrumA popular blog regularly updated with highly valuable posts, again made by writers shortlisted by Scrum.orgOther Open Assessments might be relevant to gain additional perspective on the other roles of a Scrum Team: check the Scrum Developer Open Assessment and the Product Owner Open Assessment.What is the eligibility to become a PSM trainer?Eligibility to become a PSM trainer requires three conditions. First, candidates must have at least four years of intense experience as Scrum Master in software development. Second, candidates must have conducted real-world training and have delivered coaching using Scrum. On top of that, candidates passed their PSM 1 assessment with at least a 95% score.After PSM training within how many days do I need to take the certification? After PSM training, there is no minimum duration to take the certification. As soon as candidates feel they are ready, they can schedule an online assessment.4. Exam and Certification Information Who provides the certification?Scrum.Org coursesA list of Scrum.org official sessions is available online. As stated on their website:Professional Scrum Master™ (PSM) is a 2-day course that covers the principles and (empirical) process theory underpinning the Scrum framework and the role of the Scrum Master in it. This course is a combination of instruction and team-based exercises and teaches what is at the heart of the Scrum and Agile movement. The course also includes a free attempt at the globally recognized Professional Scrum Master I certification exam (PSM I).It is also important to know that taking a Scrum.org official training offers candidates a free attempt at the assessment.What is the process for applying for the certification?As passing the certification does not require to attend to the official course, candidates can directly apply on the Scrum.org website. They will receive a personal password (with no expiration date) and then they can connect to a specific page and take the exam.Cost of the Professional Scrum Master certificationThe cost is $150 per attempt. If you attend a Scrum.org training class, fees include a free attempt.The structure of the examThe exam is exclusively online. It consists of 80 Multiple Choice, Multiple Answer and True/False questions. 60 minutes maximum are allowed to perform the full exam, and only English language is available.Topics covered in the PSM examScrum Framework: this is foundational knowledge for every Scrum Team member. It covers Scrum theory as described in the Scrum Guide.Scrum Theory and Principles: this topic is more about understanding Scrum theory: empirical process, principles, and values of Scrum.Cross-Functional, Self-Organizing Teams. Questions here cover how Scrum Teams are different from traditional development teams:cross-functional, self-empowered and self-organizing people promote flexibility, creativity, and productivity.Coaching and Facilitation. Questions here are about how mindset and behavior of Scrum Master are different from traditional Project Manager: by acting as a Servant Leader, the Scrum Master facilitates and coaches full organizations in understanding and using Scrum.Sample questions of PSM exam Here are three potential questions at the PSM exam:Question 1: When many Development Teams are working on a single product, what best describes the definition of “done”?Each Development Team defines and uses its own. The differences are discussed and reconciled during a hardening Sprint.Each Development Team uses its own but must make their definition clear to all other Teams so the differences are known.All development Teams must have a definition of “done” that makes their combined work potentially releasable.It dependsCorrect answer : 3Question 2:The three pillars of empirical process control are:    1. Inspection, Transparency, Adaptation    2. Transparency, Eliminating Waste, Kaizen    3. Planning, Inspection, Adaptation    4. Respect For People, Kaizen, Eliminating Waste    5. Planning, Demonstration, RetrospectiveCorrect answer: 1Question 3:The maximum length of the Sprint Review (its time-box) is:4 hours for a monthly Sprint. For shorter Sprints, it is usually shorter.As long as needed.2 hours1 day.4 hours and long as needed.Correct answer: 1Tips to pass PSM The best way to be well prepared for the PSM official exam is to work on the Scrum Open Assessment.You can consider that you are ready once you get 100% at every attempt.Salary of the Professional Scrum MasterSalaries of the PSM can vary a lot according to level of experience, industry, company size and location. Here is a table with most common figures:USFranceUnited KingdomSingaporeJunior70,000-115,00030,000-40,00040,000-70,00080,000-100,000Mid-Senior(more than 3 years with SM experience)90,000-135,00035,000-55,00060,000-110,00095,000-125,0005. Is the PSM I certification worth investing?CSM vs PSM exam:"Differences to note" CSM PSM Passing ScoreMinimum 69%(24 out of 35 questions)Minimum 85%Exam patternMultiple choiceMultiple choice,Multiple Answers and True/False questions.Exam durationNo time limit,35 questions60 minutes to complete 80 questionsCertification Validation2 yearsLife timeCertification cost                      1200$2nd attempt is free in within 60 days        25$ for  additional  attempt.             150$(one  attempt)Exam  Level2 Days training + Exam           Much  harder than CSM       Require experience,and deep         Theoretical knowledge.The first goal at Scrum.org is to make candidates understanding how to get valuable software thanks to a high level of maturity in Agile using Scrum. In order to achieve that, Scrum.org deliver assessments to examine, improve and certify candidates’ knowledge of Scrum. On top of that, the Scrum Guide and the Nexus Guide serve as the main background for all Scrum.org assessments. Individuals that are successful at the PSM 1 certification demonstrate a fundamental level of Scrum mastery: they understand Scrum as described in the Scrum Guide and the concepts of applying Scrum. The PSM 1 certification is considered significantly more valuable than other options for Scrum.6. What next after PSM?People who follow Scrum.org courses can claim Project Management Institute (PMI) Professional Development Units credit: 14 PDUs after attending a two-day Professional Scrum Master (PSM). Keep in mind that PMI PDUs are earned for course attendance and not for passing a Scrum.org assessment.7. How much should I pay to renew PSM certification?There is no need to renew PSM certification: Scrum.org certificates are lifelong and do not require any additional payments or renewals.Career benefits of PSM certifiedConsequently, becoming now a certified and experienced professional in Agile expertise seems to be an interesting option to stay at least “employable” and marketable. Still being realistic, professionals in Agile will be directly requested either to perform the Agile transformation in many big (old) organizations or to build the Agile culture from scratch in new companies and startups. Attractive and valuable challenges are in perspective.
Rated 4.0/5 based on 29 customer reviews
3682
Everything you need to know about PSM certificatio...

1. Introduction to Professional Scrum MasterWho is... Read More

5 Steps to Better Project Tracking

You can plan your projects exceptionally well, but things may not always happen as planned and that can cause your projects to derail. This is where project tracking and monitoring proves invaluable in overall project management. Time tracking in Project Management provides the project team and stakeholders an understanding about the project health and highlights the areas of concern on the project. If you follow these steps on how to track your project, then you'll be able to think proactively and deal with any issue before it becomes a problem.                                                       Fig: Process Flow Of Better Project Tracking 1. Prioritize It is very important to plan and prioritize the work effectively in order to make the most of your time and effort. According to Pareto Principle, 80% of the effect of your work will come from 20% of the work you do. As a Project Manager, you need to be smart with your time and focus on important things. You can’t track everything; there simply aren’t enough hours in a day; so decide what element of your project is most important and critical. Project scope, milestones, budget and resources are the most important components that a PM should focus on while tracking the project. These demand a close scrutiny, since they help you determine the performance of the project. It’s very crucial to keep tabs on your upcoming milestones and monitor them since these are the deliverables which your project stakeholders will keep asking you about. Then there’s budget, of course for you to ensure that you aren’t spending more than what’s initially allocated. And scope to avoid any scope creep and manage changes effectively. 2. Set measurable targets Now that you have prioritized, what do you expect your project performance should be? Performance measurement starts with setting targets or goals and assigning KPIs (Key Performance Indicators) which are measurable. While setting KPIs for each target, it is also essential to anticipate how the achievement of the target will be tracked. The foundation of project tracking is comparing what you planned to how you executed that plan. A baseline turns out to be useful to check the actual versus estimated progress throughout the project. Create a performance measurement baseline (combination of scope, time, and cost baseline) with realistic targets, which will represent a standard to measure project performance. Changes in any project are inevitable and can drastically impact a project; hence controlling the baseline is very crucial for project success. 3. Report to stakeholders: Your success as a PM can be determined a lot on the way you deliver your reports. They need to clearly and concisely answer the questions that stakeholders have about the project.The project stakeholders need to know what is working and what is taking the project off-track.The PM should ensure to conduct team meetings on a regular basis. Regular tracking and monitoring enables to identify potential problems as early as possible so that timely adjustments to project plans can be made before moving forward. For instance, if it looks like the upcoming milestone may be missed;the stakeholders must be immediately alerted.   4. Use dashboards: The key to any successful project is efficient communication. But communicating with sponsors, stakeholders, team members and other project related parties can take up quite a lot of a Project Manager’s time. A dashboard always comes handy when it comes to expressing a project’s status in a crisp yet effective manner.A Project Management Dashboard often provides at-a-glance view of project performance KPIs in a format that conveys project’s overall progress and highlight particular problems that require further attention. They can be customized to give you the information you need, when you need it, hence saving your time and effort. 5. Recommend actions for improvement and follow-up: This is most important activity in project tracking. As a Project Manager, you should think of and recommend actions that will offer the greatest dividend in terms of keeping the project running smoothly, efficiently, and on-time, after taking feedback from the management. Recommendations could be corrective actions, preventive actions, or changes in the plan or the project execution. Ensure that you provide specific guidance, assign a responsible team member and direct him to perform a specific action by a specific date, and make sure they are slated to report back on the results of their action. Also confirm that the recommendations are being followed, expected outputs are being created and the project as a whole is on track.  
Rated 4.0/5 based on 20 customer reviews
5 Steps to Better Project Tracking

You can plan your projects exceptionally well, but... Read More

Prince 2: The Road Map To Project Success

PRINCE2 is an acronym for PRojects IN Controlled Environments. It is an effective process-based method for authoritative project management. It is mostly used by the UK Government and also in private sectors, internationally. The PRINCE2 method offers the best practice guidance on project management. PRINCE was established in 1989 by CCTA (the Central Computer and Telecommunications Agency). Since then, it is widely used for Project Management. PRINCE2 principles helps to manage the projects particularly in the business world. Before proceeding further, you should have knowledge about, “What is a Project and what makes a successful project?” A project can be defined as “a management environment that is created for the purpose of delivering one or more business products according to a specified business case”. You can connote the term “Project” in a broader perspective by considering the downside, that is by taking into account the conditions that culminate in the failure of a project.   Given below are some of the factors responsible for the failure of a project- Lack of management support: Results into insufficient finance and resources. Resource problems: Can mean there is a lack of employees in the project Lack of clarity: If the clarity about the roles and responsibilities is missing, a sag in the performance curve is inevitable. Poor communication: The necessary project information, if not routed in the proper direction, may cause confusion among the team members. Lack of leadership – A project can be unsuccessful if team members are not guided properly. This may happen if the project manager himself does not have the required experience or management skills. The Project can be successful if the following are present- Preplanning– For a project to be successful, planning plays a crucial role. The project manager should have a vision of the project outcome. The first step to achieve this is to create and explain the roles and responsibilities to the team members. Strong leadership – The team lead should be skilled enough to spearhead in the best way possible. If the team members get proper guidance, any project can be implemented successfully. Project completion time – The key to the success and reputation of a project hinges on how well the timeline has been managed. Completing the project within or before the stipulated time not only impresses the Client, but also proves to be a measure of the potential of the project members. For successful and smoothly operated projects, PROMPT II, PRINCE, and subsequently PRINCE2 were all introduced to operate with the common reasons for project failure. PRINCE2 (PRojects IN Controlled Environments) is considered as a calibrated International product. It is the standard method for managing the projects and providing a flexible and accommodating approach to suit all the projects. There are some keys to project success while using Prince2, which enhances the quality of the project. Reducing Waste: Reducing waste saves both money and time. However, it is difficult to predict and pinpoint the sources of waste. Prince2 helps eliminate waste through the following two techniques- Project Assurance : Project Assurance is essential for a PRINCE2 project. It is a kind of survey which gives accurate information to the project board. Organizations are getting smarter due to “assurance audit”. This does not need a separate role, since the ‘financial merger’ does the ‘financial audit’ for you. Tailoring –:With PRINCE2, you can tailor the projects to make them small, yet effective.     1. Improving Strategy for Business Arrangement: To make the project run and sync towards the business goal, make sure your project is equipped with: Continued business justification – ‘A project should be run only if it is aligned with the organizational goal’, is the fundamental principle of Prince2. If you plan a strategy and resources for the project, your project will be effective. Business Case – The Business Case keeps record of the costs and expected outcome of a project. The non-perishable business cases can create inconsistent project objectives.      2. Sponsor engagement: Communication – It is useful to keep all the stakeholders in loop, including the sponsors.  PRINCE2 calls it stakeholder engagement rather than sponsor engagement. If anyone is interested in the project, they are expected to be updated with the project. Communication Management Strategy – A document that describes communication strategy with the stakeholders, may vary depending on the project size and organisation. You can make groups for communication. For instance, the group for project team meeting can also have communication strategy for individuals which depends on their communication preference. By and large, Prince 2 has proved to be a highly effective method for the success of any project. The team leads should be knowledgeable enough to master the method and upscale their teams accordingly.  
Rated 4.0/5 based on 20 customer reviews
Prince 2: The Road Map To Project Success

PRINCE2 is an acronym for PRojects IN Controlled E... Read More

Useful links