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Five Tips To Ace The PMP Certification Exam

A project manager plays a crucial role in a project. From planning the entire project from scratch to managing different teams involved, a project manager is always on his/her toes to ensure that the project is completed successfully. A formal certification in this domain could take you to greater heights in your career. You will be awarded the PMP certificate after you successfully pass the exam. In this article, we’re going to discuss 5 methods in which you can ace the certification exam. Tip #1: Time Management This is a very old principle that is applicable even today. Before beginning your study session, make a list of topics you want to complete at the end of your study session. You need to divide your time efficiently in order to cover all the topics for the examinations. At times, studying for 3 hours at a stretch can be very boring. Instead, divide the three hours into 6-thirty minute sessions. Take a 5-minute break after every session. This will relax your mind and help you study better in the next session. You will also be able to retain the information because you’re not stressing your brain with too much information all at once. Ensure that you devote more time to your preparations over the weekend. Tip #2: PMBOK and Study group The PMBOK (Project Management Body of Knowledge) is a vital book which contains all the guidelines that should be followed in project management. The content mentioned in the book is overseen by Project Management Institute (PMI). This book will help you clearly understand all the concepts required for the certification exam. Apart from this book, you can refer other books or study material from online sources. In order to cover more topics in a short span of time, join a study group. This motivates and also helps you gain more knowledge as the other candidates in the study group could have thorough knowledge about topics you have difficulty in. Learning from them could be faster than referring numerous books and study material. Tip #3: Take practice tests and review them To ensure that you’re completely prepared to write the exam, simulate the exam hall conditions and take practice tests. Request peers not to disturb you for that particular duration. Do not take any break in this period and keep away from distractions. This will give you a feel of how the exam will be like on the D-day. Once you’re done, review the answers you have written and cross check it. Also, practice the topics thoroughly which you didn’t get right in the practice tests. Tip #4: Take the actual exam in sequences When you first get the question paper in the examination, do not waste time by reading all the questions in the beginning. Start solving the easy questions immediately which you can complete in a short span of time. Once this is done, scan the paper once again and solve the questions which are of medium difficulty. After you complete such questions, spend time with the difficult ones. This will help you to solve maximum questions perfectly. In the conventional approach of reading the entire question paper a few times and then attempting the easy ones, you end up losing a significant amount of time in reading the question. In the conventional approach, if you encounter a difficult question which you cannot solve, you will get tensed and won’t be able to concentrate on other questions either. Tip #5: Understand the concepts accurately At times, when we find it difficult to understand the topic, we end up memorizing the topic instead of trying harder to understand it. This approach might work temporarily but, in the long run, you will fail miserably. Especially in the exam hall where tensions will be running high, there is a good chance that you will forget what you memorized. To avoid such situations, spend that extra 15 minutes while studying and understand the topic. This has two perks. Firstly, you don’t need to remember anything and secondly, you can easily apply the concept to any problem given in the paper. A formal certification in any field could boost your career because the certification is proof that you are efficient in solving problems in that particular domain. The PMP certification is a reputed certification that is recognized by organizations around the globe. Hence, this certification will give take you to greater heights in your career.
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Five Tips To Ace The PMP Certification Exam

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Five Tips To Ace The PMP Certification Exam

A project manager plays a crucial role in a project. From planning the entire project from scratch to managing different teams involved, a project manager is always on his/her toes to ensure that the project is completed successfully. A formal certification in this domain could take you to greater heights in your career. You will be awarded the PMP certificate after you successfully pass the exam. In this article, we’re going to discuss 5 methods in which you can ace the certification exam.

Tip #1: Time Management

This is a very old principle that is applicable even today. Before beginning your study session, make a list of topics you want to complete at the end of your study session. You need to divide your time efficiently in order to cover all the topics for the examinations. At times, studying for 3 hours at a stretch can be very boring. Instead, divide the three hours into 6-thirty minute sessions. Take a 5-minute break after every session. This will relax your mind and help you study better in the next session. You will also be able to retain the information because you’re not stressing your brain with too much information all at once. Ensure that you devote more time to your preparations over the weekend.

Tip #2: PMBOK and Study group

The PMBOK (Project Management Body of Knowledge) is a vital book which contains all the guidelines that should be followed in project management. The content mentioned in the book is overseen by Project Management Institute (PMI). This book will help you clearly understand all the concepts required for the certification exam. Apart from this book, you can refer other books or study material from online sources. In order to cover more topics in a short span of time, join a study group. This motivates and also helps you gain more knowledge as the other candidates in the study group could have thorough knowledge about topics you have difficulty in. Learning from them could be faster than referring numerous books and study material.

Tip #3: Take practice tests and review them

To ensure that you’re completely prepared to write the exam, simulate the exam hall conditions and take practice tests. Request peers not to disturb you for that particular duration. Do not take any break in this period and keep away from distractions. This will give you a feel of how the exam will be like on the D-day. Once you’re done, review the answers you have written and cross check it. Also, practice the topics thoroughly which you didn’t get right in the practice tests.

Tip #4: Take the actual exam in sequences

When you first get the question paper in the examination, do not waste time by reading all the questions in the beginning. Start solving the easy questions immediately which you can complete in a short span of time. Once this is done, scan the paper once again and solve the questions which are of medium difficulty. After you complete such questions, spend time with the difficult ones. This will help you to solve maximum questions perfectly. In the conventional approach of reading the entire question paper a few times and then attempting the easy ones, you end up losing a significant amount of time in reading the question. In the conventional approach, if you encounter a difficult question which you cannot solve, you will get tensed and won’t be able to concentrate on other questions either.

Tip #5: Understand the concepts accurately

At times, when we find it difficult to understand the topic, we end up memorizing the topic instead of trying harder to understand it. This approach might work temporarily but, in the long run, you will fail miserably. Especially in the exam hall where tensions will be running high, there is a good chance that you will forget what you memorized. To avoid such situations, spend that extra 15 minutes while studying and understand the topic. This has two perks. Firstly, you don’t need to remember anything and secondly, you can easily apply the concept to any problem given in the paper.

A formal certification in any field could boost your career because the certification is proof that you are efficient in solving problems in that particular domain. The PMP certification is a reputed certification that is recognized by organizations around the globe. Hence, this certification will give take you to greater heights in your career.

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Why It’s Worth Becoming A Certified Project Management Professional. - KnowledgeHut 03 Jan 2017

[…] the course of studying for the PMP exam, you will gain an in-depth understanding of the nuances and quirks of management. The experience […]

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Top 10 Certifications in Project Management

Whether it is the IT or non-IT industry, a successful project always depends on a highly competent project manager. An adept and proactive project manager helps the teams in becoming consistently productive and accountable for their tasks and responsibilities. Nowadays project management is a highly pursued job title. Any professional aspiring to be a project manager can greatly benefit from working in this role. This is not only because of the lucrative salary but also because a lot of skills can be acquired after being certified as a project manager, like knowing how to plan, schedule, budget, execute, deliver and then report on the business projects. Here are some of the top certifications in project management that companies are looking for, presently:1. PMP®: Project Management Professional Project Management Professional (PMP)® is one of the top-level project management certifications and is globally recognized as the gold standard in project management. By being PMP® certified, you can work in any industry with any methodology irrespective of the situation. This certification includes all the top necessities required to test your knowledge and skills in managing the project "triple constraints", that is time, cost, and scope.Accreditation body: Project Management Institute (PMI)® Eligibility criteria:Eligibility RequirementFour-year degree or global equivalentA secondary degree or global equivalentYears of Project Management Experience3 Years (36 months)5 Years (60 months)Hours Leading & Directing Projects4,500 Hours7,500 HoursHours of Project Management Education35 Hours35 Hours2. CAPM®: Certified Associate in Project Management Another certification governed and accredited by the Project Management Institute (PMI)®, the Certified Associate in Project Management (CAPM)® lays the foundation stone for the Project Management Professional (PMP)® certification. CAPM® is perfect for professionals who want to move steadily into the project management field. Individuals who do not possess a college degree or have no/minimal experience in the field can also apply for this certification. Accreditation body: Project Management Institute (PMI)® Eligibility criteria:A minimum of 23 hours of project management education before the examination. The minimum educational criterion to go for the Certified Associate in Project Management (CAPM)® certification is a high school diploma certificate or any global equivalent form of education.3. CSM®: Certified Scrum MasterEver since agile methodologies have become the standard in most industries, especially the IT sector, Certified Scrum Masters have been in high demand. Despite various Scrum master certifications being available in the market, the Certified ScrumMaster (CSM)® from the Scrum Alliance is a great way for aspiring project managers to start as Scrum practitioners. Scrum Alliance® offers this CSM® credential and is a non-profit organization that promotes the concept of adopting Scrum and agile practices. The organization globally has 450,000 plus certified practitioners. Accreditation body: Scrum Alliance® Eligibility criteria: There is no set of eligibility requirements to attend this Scrum Master Certification course and it can be taken by freshers or professionals who want to:Extend their careers in project management.Strengthen their grasp of Scrum.4. PMI-RMP®: Project Management Institute-Risk Management ProfessionalNowadays it is normal for any undergoing project to face risks at every stage, thus affecting its execution, success rate, and the final result. This requires planning the project by detecting potential risks, both threats, and opportunities, taking actions to reduce threats, and increasing opportunities.  The Project Management Institute-Risk Management Professional (PMI-RMP)® credential affirms that Risk Managers know the best way to identify project risks and lessen threats while making the best of available opportunities. Accreditation body: Project Management Institute (PMI)® Eligibility criteria: Either Secondary degree (high school diploma, an associate degree, or the global equivalent) 4,500 hours of project risk management experience within the last 5 consecutive years 40 hours of project risk management education Or Four-year degree (bachelor’s degree or the global equivalent) 3,000 hours of project risk management experience within the last 5 consecutive years 30 hours of project risk management education5. CompTIA Project+ certificationTraining in the CompTIA Project+ certification will enable professionals to learn and implement common project management principles and important soft skills such as team building, conflict resolution, communication, negotiation, setting, and managing expectations. CompTIA's Project+ serves as a primary-level project management credential.Accreditation body: CompTIAEligibility criteria:There are no strict prerequisites, however, according to CompTIA, a candidate should have at least one year of experience managing, directing, or participating in small- to medium-scale projects.6. PRINCE2® Foundation/PRINCE2 PractitionerAccredited by Axelos, PRINCE2® is a de facto standard that describes project management standards and assists in forming consistency among projects. It began in the UK and then applied it to its government entities. Famous across Europe and now countries in the middle and far east, many industries have adopted these standards and gained impressive results. As a result, PRINCE2® Practitioners are sought-after for their knowledge of applying this framework on projects. There are two key certifications: PRINCE2® Foundation and PRINCE2® Practitioner Certifications. The Foundation certification is an entry-level credential, testing basic project management terminology and methodology. On the other hand, the Practitioner certification tests advanced project managers who have already achieved the PRINCE2® Foundation.Accreditation body: Axelos Eligibility criteria: PRINCE2® Foundation Certification: There are no eligibility criteria for the PRINCE2® Foundation Certification Exam. However, it is recommended to possess basic project management knowledge.PRINCE2® Practitioner Certification: To get certified with PRINCE2® Practitioner Certification, applicants must have one of the below-mentioned certifications:PRINCE2® Foundation Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A (Certified Projects Director) IPMA Level B (Certified Senior Project Manager) IPMA Level C (Certified Project Manager) IPMA Level D (Certified Project Management Associate)7. PgMP®: Program Management Professional (PgMP)® Certification Training This certification is created and administered by the PMI® and is the next step, after achieving the Project Management Professional (PMP)® Certification. PgMP® is for professionals who coordinate and manage multiple projects aligned with strategic objectives. This includes directing and managing complicated activities that may extend over functions, organizations, cultures, and geographies.With the PgMP® certification, professionals will strengthen their grasp in the six prime focus areas of program management such as Governance, Prioritization, Escalation, Resource Management, Benefits Realization, and Stakeholder Management. Thus, certified PgMP® professionals will be able to encourage teams to integrate and coordinate multiple projects in a better way. Accreditation body: Project Management Institute (PMI)® Eligibility criteria: Either:A four-year degree (Bachelor's or Global equivalent), with at least four years of Project Management experience and four years of Program Management experience.OrA secondary diploma (High school or Global equivalent), with at least four years of Project Management experience and seven years of Program Management experience. Candidates not meeting the above criteria can also consider the Project Management Professional (PMP®) certification. 8. APM™: Associate in Project ManagementThe Associate in Project Management (APM)™ certificate is an entry-level certification in Project Management and is a globally recognized credential. Governed by the Global Association for Quality Management (GAQM)®, the exam covers 50 Multiple Choice Questions out of which the candidate requires to get 70% (35 out of 50 correct) to pass the 60-minute exam. Accreditation body: Global Association for Quality Management (GAQM)® Eligibility criteria:No formal education or experience required. 9. MPM®: Master Project Manager The Master Project Manager certification is issued by the American Academy of Project Management (AAPM)® and is ideal for both project managers and professionals with business and technical responsibilities. Accreditation body: American Academy of Project Management (AAPM)®Eligibility criteria: Three years of project management experience and training. 10. PPM™: Professional in Project ManagementProfessional in Project Management (PPM)™ course is organized by the Global Association for Quality Management (GAQM)®. This is a mid-level certification that consists of project management components showing how to plan, execute, control, and complete projects as well as training to perform better.  Accreditation body: Global Association for Quality Management (GAQM)® Eligibility criteria:Completion of a mandatory E-Course Candidates should have a certain project management experience. ConclusionAlong with the abovementioned project management certifications, it is recommended that professionals apply principles in their current professions, be on the lookout for newer methodologies and upskill regularly.
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Top 7 Project Management Methodologies

Foresighted managers and leaders don’t necessarily follow just one project management methodology. They learn all of them so that they have the awareness to deploy the right methodology for the right project. According to industry experts, project management methodologies are vital to project success. A recent study by PMI confirmed that about 89% of the project professionals believed that their organizations implemented some project management practice or the other.What is a project methodology? It’s a blueprint that shows how tasks and projects can be planned, managed, and executed, right from start to finish. It includes a combination of practices, techniques and procedures followed by project managers. Why choose a project management methodology? A recent survey published by the Harvard Business Review revealed that the lack of time was the major hindrance to collaboration within project teams. Since projects are fast-paced and must adhere to deadlines, collaboration is quintessential. This is where, adopting a project management methodology comes to play. Projects are incredibly fast paced with competing deadlines, hence collaboration is the best way to keep the team engaged, heighten productivity and save time in the long run. Practicing a methodology is a great way to boost collaboration as well as deliver project success. Top 7 project management methodologies Below are the top 7 methodologies in the project management landscape today: 1. Agile According to a KPMG survey, 81% of enterprises had adopted Agile in the past 3 years. The most favorite methodology, Agile is actually a set of principles involved in software development. However, it’s hailed as a project management methodology for its flexibility and capability to build processes. Agile projects have a series of tasks that are initiated, executed and adapted based on ad hoc demands, rather than a pre-planned process. Hence, Agile is apt for dynamic environments where the unpredictability factor is quite high.  2. Scrum Scrum is the project management methodology that enables a small, cross-functional, self-managing team to deliver results quickly.  It helps boost communication, teamwork and speed of the processes. Terms like sprints, scrums, backlogs and burndowns are commonly used in scrum methodology. Scrum is ideal for environments that handle complex products.  It advocates the use of a small, cross-functional teams of upto 9 people who work on items in a backlog that have been clearly defined and prioritized by a Product Owner. Work is categorized into “sprints”, a development cycle of usually 2-4 weeks. During these sprints daily “Scrums” take place where the team report on their daily progress and impediments. At the end of each sprint, work is then reviewed in a sprint review meeting to determine together with the Product Owner if it clears the Definition of Done (DoD). Scrum is further facilitated by a Scrum Master who leads the sprints, demos, reviews and ensures that the team is continually optimizing and improving. 3. LeanLean project management is the methodology that emphasizes the dictum of maximizing value while minimizing waste. In project management, it aims at creating most value with a minimum amount of resources, labour, and space. There are 3 ‘M’s in Lean: Muda refers to wasteful activities that consume resources without value generation, Muri refers to overutilization of equipment or employees and Mura which corresponds to operational inefficiency. Lean project management methodologies when practiced are capable of reducing these 3 Ms within the project process. 4. Kanban Kanban is a project management methodology that’s focused on Lean principles. Its primary focus is to increase efficiency. It’s an evolved version of Scrum. It’s flexible and not focussed on roles. It keeps the team focussed on what actually matters. It’s ideal for environments where priorities are changed frequently. The online tool Trello is based on Kanban. It gives an accurate visual depiction of the progress of work for the team and other stakeholders. It’s ideal in organizations that demand a consistent output. 5. eXtreme Programming methodology (XP)  eXtreme programming (XP) is also a software development project management methodology that focuses solely on development  while ensuring quality. It lays down the processes needed to improve software quality as well as meet customer requirements. It is quite similar to Scrum but differs in certain prescriptive processes. These processes include making compulsory user stories, Test Driven Development (TDD), Pair programming, and Continuous integration. 6. Waterfall  Waterfall methodology, also known as the SDLC (Software Development Life Cycle) values solid planning and doing everything in one shot unlike Agile. Planning and resource allocation are done in the beginning, work is executed in cascades. Like a waterfall. However, Waterfall is pretty rigid as it offers no scope to make changes to the plan unless absolutely necessary. Because of this approach, upon reaching the testing stage, it’s very difficult to go back and rectify mistakes. That could end up being quite risky. The many shortcomings of Waterfall approach is the reason why Agile methodologies gained acceptance worldwide. 7. PRINCE2   Created by the UK govt in 1996 for IT projects, PRINCE2 methodology is controlled project management practice which divides projects into various stages with their own set of plans and processes to follow. It’s an excellent framework that can be applied mostly in the large projects. It lays down the need for the project, identifies the target audience and whether the project is feasible.  A PRINCE2 Practitioner often oversees the team in these projects and ensures that the team has the right resources and guidelines to conduct the project as well as mitigate risks effectively. Ultimately, choosing the right project management methodology is based on the project and business environment. When chosen appropriately, these methodologies can play a major role in project success. Learn more about project management methodologies like these from our series of immersive workshops.
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Feasibility Study in Project Management and Its Benefits

Before giving the go ahead to launch a project, the first thing on a project manager’s agenda is the feasibility study. While project managers are not required to conduct the feasibility study themselves, they use it as a guideline to drive the project, and to get an end-to-end understanding of project parameters, business goals and risk factors.What is a Feasibility Study?A feasibility study is an analysis done to determine the viability of a project from an economical, legal and technical perspective. Simply put, it gives us an insight into whether a project is doable or worth the investment.A feasibility study that’s well-designed should offer insights on the description of the project, resource allocation, accounting statements, financial data, legal requirements, and tax obligations. It helps to determine whether the project is both possible and profitable for the company to undertake. Hence, this study is mandatorily done before technical development and project execution.Types of Feasibility Studies Basically, there are five types of feasibility studies based on the area that is examined:  1. Technical FeasibilityThis study takes stock of the technical resources available to undertake a project from an organization’s perspective. It includes ensuring that the technical resources are adequate, and the hardware and software requirements are met. 2. Economic FeasibilityThis assessment performs a cost/ benefits analysis of the project before the financial resources are allocated. This type of study gives a clear-cut idea of project credibility as well as the economic benefits to the organization from the project. 3. Legal FeasibilityIn this type of feasibility study, the legal requirements of the proposed project are analysed. A number of parameters, ranging from zonal laws to data protection acts are checked, and compliance mandates are mapped out. 4. Operational FeasibilityThis study will help analyse and determine whether the organization’s goals can be satisfied by completing the project.  5. Scheduling Feasibility This is the most important assessment for project success. It estimates the time span necessary to complete the project after considering the organization’ s capabilities, and determines whether that amount is time is available. Benefits of A Feasibility Study Below are the benefits of doing a feasibility study in project management: Get a clear-cut idea of whether the project is likely to be successful, before allocating budget, manpower and time. Enhances the project teams’ efficiency and focus  Helps detect and capitalize on new opportunities Substantiates with evidence why and how a project should be executed Streamlines the business alternatives Diagnoses errors and aid in troubleshooting them Prevents threats from occurring and helps in risk mitigation Gives valuable insights to both the team and stakeholders associated with the project Steps to conduct a feasibility study The following stages are involved while conducting any feasibility, in general: A preliminary analysis: The is like a pre-screening of the project. It helps discover the viability of the project as well as identify any roadblocks, if any. Scope definition: This step includes outlining the project’s scope as well as its potential impact on the organization. Market research: This is an essential factor, as no project is begun without adequate market research. A thorough analysis of the existing market and competition is done to manage the project accordingly. Financial assessment: In this stage, all the costs related to the project, including equipment, man-hours, the financial risks and the benefits associated with the project are scrutinized. Alternative solutions: Whenever any hiccups arise, the team should be well-prepared to come up with a solution. This is an integral yet dynamic part of a feasibility study. Go/no-go decision: The final stage of a feasibility study is the course of action, in other words whether the project is worth proceeding with or not. The feasibility study is an integral aspect of project management. Well-planned projects are less likely to fail. A detailed, well-defined feasibility study will only increase the likelihood of project success. To explore more concepts in project management like these, sign up for any one of our immersive series of project management workshops here.
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