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PMP® Credential: Everything You Need To Know About It

You can find PMP® certified professionals working across all industries while deploying numerous methodologies in various locations. According to the PMI’s Earning Power Salary Survey, PMP® certified professionals earn 20% higher salary on average than the non-certified counterparts. It’s not only the PMP® certified professionals who reap the benefits of PMP® certification, but even the employers also get benefitted by it. Organisations can complete their projects on time, optimizing the utilization of budget and meeting original goals when they employ more than one-third of their project managers who are PMP® certified.Project Management Professional (PMP®) is an internationally recognized professional certification offered by the Project Management Institute PMI. In the year 2018, PMI had more than 830,000 active PMP® certified individuals and 286 chartered chapters across 210 countries and territories across the globe. PMP® certified professionals are employed by various governments, commercials, and other organisations in order to improve the success rate of projects in all the areas of knowledge, by applying a standardized and evolving set of project management principles as contained in the PMBOK® Guide.Why should you get PMP® certified?As a widely recognized Project Management Certification, PMP® certification gives you a worldwide recognition of your knowledge of Project Management. PMP® certification demonstrates the proof of your professional achievement. This also gives you a great understanding of the knowledge areas and processes involved in PMBOK® and equips you to improve the ways of managing the projects. Further, getting a PMP® certification increases your marketability while applying for new project manager jobs. It also paves your path to growth.PMP® certification helps to increase customer confidence at the same time as they are assured about hiring and working with a professional who is knowledgeable and experienced about project management. This certification is acknowledged and valued globally across all industry verticals and companies like Pfizer, TCS, Infosys, Sun Microsystems, American Express, HSBC, Keane, Dell Perot Systems, ABB, Cap Gemini, Citigroup, SAP, CGI, Cisco Systems, Intel, Motorola, IBM, Hewlett Packard, EDS, GE, Siemens, Accenture, Ericsson, KPMG, Alcatel/Lucent, and the list goes on.PMP® certification requirementsChoose a PMP® course to begin your PMP® certification journey or attend the workshops conducted by PMI to prepare yourself for the PMP® certification exam. In order to sit for the PMP® exam, you need to get all your project management information together and submit the PMP® exam application to PMI. But before beginning your application process, you need to fulfill the eligibility requirements set by PMI for PMP® certification.The prerequisites can be divided into two sections based on your educational qualification. You need to fulfill the following requirements if you have a bachelor’s degree or global equivalent:Unique non-overlapping professional project management experience of a minimum of three years or 36 months4,500 hours spent on leading and directing projects35 contact hours of formal project management education.If you do not have a bachelor’s degree, you can also sit for the PMP® certification exam by having a high school diploma/associate’s degree or global equivalent. However, you need to fulfill the following requirements to meet the prerequisites:Non-overlapping professional project management experience of a minimum of five years or 60 months7,500 hours spent on leading and directing projects35 contact hours of formal project management education.Steps to gain your PMP® credentialPMP® certification involves a complex process including payment of fees and getting PMI membership. Further, you need to meet some prerequisites in order to be eligible to sit for the PMP® certification. The following steps will surely help you to complete your PMP® certification journey:Step 1: Get a PMI membershipAlthough optional, there are numerous benefits that you can reap by becoming a member of the Project Management Institute PMI. One of the major benefits of becoming a PMI member is that you can bring down your PMP® exam fee to $405, whereas, as a non-member, you need to pay $555 for the same. You can become a PMI member by paying an amount of just $139.Step 2: Meet 35 contact hours requirementYou can take up a training course with any of the PMI approved R.E.P.s in order to fulfill the 35 contact hours required to sit for the PMP® exam.Step 3: Submit your PMP® application online Begin your PMP® certification journey by beginning your PMP® application process. The following process is involved in your application procedure:Meet the prerequisites set by PMI and report the same to begin your application process.PMI will take 3 to 5 working days to review your application and respond.You will receive an invitation to pay once your application is approved.Step 4: Schedule your exam with the PrometricA Prometric exam center is where you need to take your PMP® certification exam. You just need to log into the Prometric website to schedule your appointment for the exam. Taking your PMP® exams with Prometric include the following factors:Once your application is approved, you have one year to take the exam.You can take the exam up to three times during the eligibility period.You can find more information about the testing centers by visiting the Prometric.Step 5: Take and pass the PMP® certification examFinally, the day has come for you to sit for the PMP® certification exam. The PMP® exam question consists of 200 questions which you need to complete within 4 hours. The questions can be broken down into 5 processes, namely:Initiation - 13%Planning - 24%Executing - 31%Monitoring and controlling - 25%Closing - 7%Why should you go for a PMI membership?Get access to all the knowledge, networks, and resources which can help you improve your work and move ahead in the career path of project management by becoming a PMI member.Having a PMI membership will make you be recognized as:A professional who is serious about professional and personal development.A professional with enthusiasm for good practices in project management.A professional who is dedicated to practicing your profession in an ethical manner.The above-mentioned factors will not only give you an edge in the job market but will also give you importance among your employer, colleagues, and stakeholders. You can become a PMI member by paying a registration fee of $129 and a joining fee of $10 which allows you to reap its numerous benefits through insightful publications such as PM Network®, exclusive online resources, and getting access to communities of like-minded peers. As a PMI member, you will receive discounts on the cost of PMP® exam, educational and networking events, and professional development courses. Further, you can also buy books, papers, and other items at special prices which are exclusively offered to the PMI members.Maintaining your PMP® credentialsYour PMP® certification journey does not end with earning your certification credential. The PMP® certification is valid for only three years. You need to maintain your certification credentials by earning 60 PDUs under the following categories:EducationGiving back to the profession.You need to earn a minimum of 35 PDUs under the education category and 25 PDUs under the giving back to the profession category. You can gain 1 PDU for every hour that you spend in learning and by giving back to the profession. The PDUs need to be aligned with the PMI Talent Triangle™, which includes:Technical project managementLeadershipBusiness/Strategic management.You need to earn a minimum of 8 PDUs under each component of the PMI Talent Triangle™ and the other 11 PDUs can be earned under any component of the triangle.Ways to earn 35 PDUs under ‘Education’ categoryYou can opt for one from one of the following options to earn the required PDUs under the ‘Education’ category:1. Course or TrainingYou can attend online or physical classroom training or online e-learning training from a Registered Education Provider (REP) to earn the required PDUs. You can also attend the seminars and education events conducted by the local PMI chapters.2. Organisation MeetingsThis includes networking events conducted by PMI chapters. You can earn your required PDUs by attending professional meetings with learning sessions. However, you cannot report more than 2 PDUs for each meeting.3. Online or digital mediaAnother way to earn the required PDUs is by attending recorded webinars, online training, podcasts, videos, and recorded training that allow you to learn at your own convenience.4. ReadEarn the required PDUs in order to meet the requirements for maintaining your PMP® certification credentials by reading books, white papers, articles, blogs.5. Informal LearningYou can also earn the required PDUs to maintain your PMP® credentials by discussing with experts, mentors within the organisation or other professional bodies.Ways to earn 25 PDUs under ‘Giving back to the profession’ categoryIn the other category, you need to contribute to the profession in order to earn the required PDUs to maintain your PMP® credential. You can choose from the following activities for the same:1. Working as a practitionerYou can apply your knowledge to projects as a PMP® to earn the required PDUs in order to maintain your PMP® credential.2. Create ContentYou can maintain your PDUs by writing articles, white papers, blogs, and develop content for webinars on project management.3. PresentationMaintain your PMP® credentials by creating and delivering presentations on talent triangle in seminars and conferences conducted in network events or in your organisation.4. Share knowledgeUse your experience to teach, coach, and mentor others to enhance their knowledge to maintain your PMP® credentials.5. VolunteerYou can also earn the required PDUs in order to maintain your PMP® credentials by offering your services free of cost to help the growth of the project management profession. Volunteer through PMI chapter activities by registering on the PMI’s Volunteer Relationship Management System (VRMS).Report your PDUsYou need to report your earned PDUs in order to renew your PMP® credential. The Report PDUs link helps you to fill in the relevant information in the CCRS. You need to enter the Provider name and ID, Activity ID and name, dates of the activity and the number of PDUs claimed under the three components of the talent triangle. You will get the update on the number of PDUs approved, rejected, and claimed once you submit the above-mentioned information.To concludePMP® certification is the most popular and highly acknowledged project management certification across all industries as well as the globe. Apart from being one of the toughest certification processes in the world, you also need to follow a strict procedure to maintain your credentials. This blog will surely help you to earn the required PDUs in order to maintain your credentials. You can also become a PMI member in order to avail various discounts to continue your PMP® certification journey.

PMP® Credential: Everything You Need To Know About It

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PMP® Credential: Everything You Need To Know About It

You can find PMP® certified professionals working across all industries while deploying numerous methodologies in various locations. According to the PMI’s Earning Power Salary Survey, PMP® certified professionals earn 20% higher salary on average than the non-certified counterparts. It’s not only the PMP® certified professionals who reap the benefits of PMP® certification, but even the employers also get benefitted by it. Organisations can complete their projects on time, optimizing the utilization of budget and meeting original goals when they employ more than one-third of their project managers who are PMP® certified.

Project Management Professional (PMP®) is an internationally recognized professional certification offered by the Project Management Institute PMI. In the year 2018, PMI had more than 830,000 active PMP® certified individuals and 286 chartered chapters across 210 countries and territories across the globe. PMP® certified professionals are employed by various governments, commercials, and other organisations in order to improve the success rate of projects in all the areas of knowledge, by applying a standardized and evolving set of project management principles as contained in the PMBOK® Guide.

Why should you get PMP® certified?

As a widely recognized Project Management Certification, PMP® certification gives you a worldwide recognition of your knowledge of Project Management. PMP® certification demonstrates the proof of your professional achievement. This also gives you a great understanding of the knowledge areas and processes involved in PMBOK® and equips you to improve the ways of managing the projects. Further, getting a PMP® certification increases your marketability while applying for new project manager jobs. It also paves your path to growth.

PMP® certification helps to increase customer confidence at the same time as they are assured about hiring and working with a professional who is knowledgeable and experienced about project management. This certification is acknowledged and valued globally across all industry verticals and companies like Pfizer, TCS, Infosys, Sun Microsystems, American Express, HSBC, Keane, Dell Perot Systems, ABB, Cap Gemini, Citigroup, SAP, CGI, Cisco Systems, Intel, Motorola, IBM, Hewlett Packard, EDS, GE, Siemens, Accenture, Ericsson, KPMG, Alcatel/Lucent, and the list goes on.

PMP® certification requirements

Choose a PMP® course to begin your PMP® certification journey or attend the workshops conducted by PMI to prepare yourself for the PMP® certification exam. In order to sit for the PMP® exam, you need to get all your project management information together and submit the PMP® exam application to PMI. But before beginning your application process, you need to fulfill the eligibility requirements set by PMI for PMP® certification.

The prerequisites can be divided into two sections based on your educational qualification. You need to fulfill the following requirements if you have a bachelor’s degree or global equivalent:

  • Unique non-overlapping professional project management experience of a minimum of three years or 36 months
  • 4,500 hours spent on leading and directing projects
  • 35 contact hours of formal project management education.

If you do not have a bachelor’s degree, you can also sit for the PMP® certification exam by having a high school diploma/associate’s degree or global equivalent. However, you need to fulfill the following requirements to meet the prerequisites:

  • Non-overlapping professional project management experience of a minimum of five years or 60 months
  • 7,500 hours spent on leading and directing projects
  • 35 contact hours of formal project management education.

Steps to gain your PMP® credential
Steps to gain PMP Credebtial

PMP® certification involves a complex process including payment of fees and getting PMI membership. Further, you need to meet some prerequisites in order to be eligible to sit for the PMP® certification. The following steps will surely help you to complete your PMP® certification journey:

Step 1: Get a PMI membership

Although optional, there are numerous benefits that you can reap by becoming a member of the Project Management Institute PMI. One of the major benefits of becoming a PMI member is that you can bring down your PMP® exam fee to $405, whereas, as a non-member, you need to pay $555 for the same. You can become a PMI member by paying an amount of just $139.

Step 2: Meet 35 contact hours requirement

You can take up a training course with any of the PMI approved R.E.P.s in order to fulfill the 35 contact hours required to sit for the PMP® exam.

Step 3: Submit your PMP® application online 

Begin your PMP® certification journey by beginning your PMP® application process. The following process is involved in your application procedure:

  1. Meet the prerequisites set by PMI and report the same to begin your application process.
  2. PMI will take 3 to 5 working days to review your application and respond.
  3. You will receive an invitation to pay once your application is approved.

Step 4: Schedule your exam with the Prometric

A Prometric exam center is where you need to take your PMP® certification exam. You just need to log into the Prometric website to schedule your appointment for the exam. Taking your PMP® exams with Prometric include the following factors:

  1. Once your application is approved, you have one year to take the exam.
  2. You can take the exam up to three times during the eligibility period.
  3. You can find more information about the testing centers by visiting the Prometric.

Step 5: Take and pass the PMP® certification exam

Finally, the day has come for you to sit for the PMP® certification exam. The PMP® exam question consists of 200 questions which you need to complete within 4 hours. The questions can be broken down into 5 processes, namely:

  1. Initiation - 13%
  2. Planning - 24%
  3. Executing - 31%
  4. Monitoring and controlling - 25%
  5. Closing - 7%

Why should you go for a PMI membership?

Get access to all the knowledge, networks, and resources which can help you improve your work and move ahead in the career path of project management by becoming a PMI member.

Having a PMI membership will make you be recognized as:

  • A professional who is serious about professional and personal development.
  • A professional with enthusiasm for good practices in project management.
  • A professional who is dedicated to practicing your profession in an ethical manner.

The above-mentioned factors will not only give you an edge in the job market but will also give you importance among your employer, colleagues, and stakeholders. You can become a PMI member by paying a registration fee of $129 and a joining fee of $10 which allows you to reap its numerous benefits through insightful publications such as PM Network®, exclusive online resources, and getting access to communities of like-minded peers. As a PMI member, you will receive discounts on the cost of PMP® exam, educational and networking events, and professional development courses. Further, you can also buy books, papers, and other items at special prices which are exclusively offered to the PMI members.

Maintaining your PMP® credentials
Maintaining your PMP Credentials

Your PMP® certification journey does not end with earning your certification credential. The PMP® certification is valid for only three years. You need to maintain your certification credentials by earning 60 PDUs under the following categories:

  1. Education
  2. Giving back to the profession.

You need to earn a minimum of 35 PDUs under the education category and 25 PDUs under the giving back to the profession category. You can gain 1 PDU for every hour that you spend in learning and by giving back to the profession. The PDUs need to be aligned with the PMI Talent Triangle™, which includes:

  • Technical project management
  • Leadership
  • Business/Strategic management.

You need to earn a minimum of 8 PDUs under each component of the PMI Talent Triangle™ and the other 11 PDUs can be earned under any component of the triangle.

Ways to earn 35 PDUs under ‘Education’ category

You can opt for one from one of the following options to earn the required PDUs under the ‘Education’ category:

1. Course or Training

You can attend online or physical classroom training or online e-learning training from a Registered Education Provider (REP) to earn the required PDUs. You can also attend the seminars and education events conducted by the local PMI chapters.

2. Organisation Meetings

This includes networking events conducted by PMI chapters. You can earn your required PDUs by attending professional meetings with learning sessions. However, you cannot report more than 2 PDUs for each meeting.

3. Online or digital media

Another way to earn the required PDUs is by attending recorded webinars, online training, podcasts, videos, and recorded training that allow you to learn at your own convenience.

4. Read

Earn the required PDUs in order to meet the requirements for maintaining your PMP® certification credentials by reading books, white papers, articles, blogs.

5. Informal Learning

You can also earn the required PDUs to maintain your PMP® credentials by discussing with experts, mentors within the organisation or other professional bodies.

Ways to earn 25 PDUs under ‘Giving back to the profession’ category

In the other category, you need to contribute to the profession in order to earn the required PDUs to maintain your PMP® credential. You can choose from the following activities for the same:

1. Working as a practitioner

You can apply your knowledge to projects as a PMP® to earn the required PDUs in order to maintain your PMP® credential.

2. Create Content

You can maintain your PDUs by writing articles, white papers, blogs, and develop content for webinars on project management.

3. Presentation

Maintain your PMP® credentials by creating and delivering presentations on talent triangle in seminars and conferences conducted in network events or in your organisation.

4. Share knowledge

Use your experience to teach, coach, and mentor others to enhance their knowledge to maintain your PMP® credentials.

5. Volunteer

You can also earn the required PDUs in order to maintain your PMP® credentials by offering your services free of cost to help the growth of the project management profession. Volunteer through PMI chapter activities by registering on the PMI’s Volunteer Relationship Management System (VRMS).

Report your PDUs

You need to report your earned PDUs in order to renew your PMP® credential. The Report PDUs link helps you to fill in the relevant information in the CCRS. You need to enter the Provider name and ID, Activity ID and name, dates of the activity and the number of PDUs claimed under the three components of the talent triangle. You will get the update on the number of PDUs approved, rejected, and claimed once you submit the above-mentioned information.

To conclude

PMP® certification is the most popular and highly acknowledged project management certification across all industries as well as the globe. Apart from being one of the toughest certification processes in the world, you also need to follow a strict procedure to maintain your credentials. This blog will surely help you to earn the required PDUs in order to maintain your credentials. You can also become a PMI member in order to avail various discounts to continue your PMP® certification journey.

KnowledgeHut

KnowledgeHut

Author

KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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The 7 Principles of PRINCE2®

There is a wide range of project management methodologies available in the market, but PRINCE2® is one of the most widely used project management methods that has been used by the enterprises and businesses in more than 150 countries. One of the sheer benefits of the PRINCE2® method is that it can be applied to different projects, irrespective of their sizes and business verticals. It is noticeable that the PRINCE2® project management method can be used in IT as well as non-IT projects too. It is a comprehensive project management method that can be applied to any project irrespective of their geographical location, industry sector and project size.  The PRINCE2® courses cover basic four elements: themes, processes, principles and project management. There are some impeccable benefits of a PRINCE2® certification for candidates. There are two major types of certification available in the PRINCE2® project method: PRINCE2® Foundation Qualification PRINCE2® Practitioner Qualification The foundation program is a basic course that covers basic principles and themes for supporting individuals who work in a project environment supported by PRINCE2®. Candidates who belong to engineering and technology can go for this Foundation qualification course.  The PRINCE2® Practitioner qualification course is an advanced course that covers all the aspects of the PRINCE2® method including themes, processes, principles and project management. You will get a comprehensive introduction to the PRINCE2® project management method. There are some institutes that also train candidates for PRINCE2® management roles that are essential when the project is very big and complex. Here, the managers will be able to complete the project by assigning roles and responsibilities to the team members effectively and will be able to complete the project in a coordinated, consistent and superior manner. These courses are designed by experienced trainers who have years of experience and expertise in the domain and have a proven track record in the PRINCE2® project management. All you need to do is hire the best institute that offers the best PRINCE2® course and also helps in the placement activities too. There are businesses and enterprises that ask for candidates with a PRINCE2® certification; either foundation or practitioner certification. If you have this credential in your resume, it will improve your chance to get a job. All you need to do is to search for the right institute on the internet or your local business directory and that is all.  What is PRINCE2® and why it is so popular amongst businesses? Projects in Controlled Environments, PRINCE2® is a high-quality project management method that has carved a niche for itself by offering superior project management processes, no matter how big or small your project is. It adds streamlined, controlled project management principles and themes that help managers to manage and control projects easily and effectively.  You might still wonder whether PRINCE2® is the right tool for project management. What are the benefits of it? Why should you implement it on your current project management tools? To make things easier, we will discuss 7 principles of PRINCE2® method in details here. It is a process-based method that helps businesses to manage the project from start to finish. As we all know, before starting a project, it is important to plan it to avoid last-minute hurdles and hindrances. With the help of the PRINCE2® method, all the stages of the project are clearly described, roles and responsibilities are assigned to the teams and control and management of the project are easier to track. 7 principles of the PRINCE2® 1. Continued business justification: No matter which project you are working on, your project must have a clear justification including a clear requirement, a defined customer, feasible and scalable benefits and a complete cost assessment. This is the primary principle of the PRINCE2®. It helps you to stay focused on the project and you will be able to drive all your efforts to the common goal of the project- the desired goals and outcomes. 2. Learn from experience: Also, it is important that all the experiences are recorded for the future course of actions. Furthermore, it will help teams to learn from their mistakes and they will be able to finish projects with more dedication and expertise as they have learned lessons. All the stages and their outcomes are recorded in the PRINCE2® environment to make consistent and reliable learning.  3. Defined roles and responsibilities: When the team members have a clear understanding of their roles and responsibilities, it becomes easy for them to work with dedication and it also improves their productivity and performance too. With a PRINCE2® management method implementation, you would be able to define the roles and responsibilities of each team member to work more efficiently and effectively with unparalleled outcomes. 4. Manage by stages: Also, projects are completely broken in different sections and stages to manage them more effectively and accurately. Once the stage is over, it is reviewed by the superiors and learning will be recorded for the future course. This further helps management to ensure that the project is on its track and there are no loopholes involved in it. 5. Manage by exception: Board members are senior executives who have major roles and responsibilities in the organization and they cannot allocate time for the project on a daily basis. What they will be able to do is to define baseline requirements and assign them to the project manager. Some of the measurable elements of the project are time, cost, risk assessment, scopes, and others. If there are any issues such as project running late or is not on the track or goes out of budget, the project manager will take appropriate actions. However, there are some issues that might impact the establishment. Such issues are exceptions and here, board members intervene and make decisions. 6. Focus on the product: Also, teams are there to ensure that the deliverables are measured accurately and precisely and meet the project objectives. Superior quality control is the main thing that is always checked and compared with the requirements. 7. Tailor to suit the project: Different projects have different tailored requirements and with the PRINCE2® environment, tailored approach for each project is possible. The PRINCE2® method will be able to cater to your custom needs by adjusting different aspects of the method such as a number of team members, the amount of oversight and stage planning. Why PRINCE2®? What 2 stands for? There are chances that you might wonder what 2 stands for the PRINCE2® method. Well, the original PRINCE version was developed and introduced in the late 1980s specifically to manage IT projects. However, in 1996, the approach was reviewed and updated as per the latest issues and hindrances faced by the project management teams across the globe. A team of experienced project management specialists of more than 150 public and private organisations worked and updated the version and developed a new version that is more effective, efficient and accurate. The latest version is more improved and precise that addresses almost all the issues in a very defining manner. This latest version is called PRINCE2®. The number of roles in PRINCE2® PRINCE2® There are a total of three core roles: the project board, the project manager and the team. However, there are additional supplemental roles defined to make the project management more streamlined and linear.  We will discuss the total of 7 roles in PRINCE2® The customer The customer is the one who owns the project and is paying the organization for the project to be completed.  The user The user is one who will use the deliverables of the project or one who will be impacted by the outcome of the project. Sometimes, the user and the customer are the same people. The supplier A supplier is a person who possesses the expertise to complete the project and is responsible for delivering the best outcomes decided by the customer. He offers the knowledge and skills to complete the project. The project manager A project manager is a person who will monitor and control the complete project. The project manager is a very special person who is responsible for completing the project successfully. From planning, organizing and controlling the work, everything will be done by the project manager. Also, the project manager will be responsible for forming the team and assigning roles and responsibilities to the team members and overseeing the work assigned to them. The project manager will also ensure that the project gets completed in the required timeframe and the outcomes are measurable and accurate as per the customer’s requirements. The project team and team managers The project teams are the ones who will perform the duties and tasks assigned to them effectively and efficiently. There might be one team or multiple teams to perform various tasks and actions. Teams might have a separate team leader who is responsible to ensure that the given tasks are completed in time. The administrator If the project size is small, the project manager will take responsibility of the administrator. However, in big and complex projects, the administrator is required. The administrator will be responsible for the setting up of meetings, tracking of the daily deliverables, updating everyone involved with the projects about important instructions and specifications about the project. A separate project support office is established to ensure that the project runs smoothly and completes in a given timeframe. The project board includes multiple people such as the customer, the end user and the supplier. There are three perspectives that are checked by the project board: The viability of the project is defined and checked by the customer to ensure that the project is important and should continue. The user ensures that all the needs are being met to complete the project on time. The supplier has a major responsibility. They will ensure that the project is running in the right direction and is offering a practical solution to the issue. The 7 phase process for the PRINCE2® project management method. Here, we will break the complete project management process in 7 parts to understand it more clearly.  1.Starting up a project Here, a customer submits a project requirement called the project mandate. It is a brief introduction to the needs and objectives of the project. The organization will access the project requirements and will make sure whether the company is able to complete the project or not. Once the project is approved, the customer will give a more detailed brief including actions, resources and other crucial information to complete the project.  2. Project direction Now the organization managers will check out the viability and justification of the project by reviewing and evaluating the project brief. They will assign a project manager and other necessities to complete the project. 3. Project initiation The project initiation document will be prepared by the project manager. The document will cover a comprehensive plan and six different factors including cost, quality, scope, time, risk and advantages.  The documents will be sent to the project board for approval and once the board approves the plan, the project will start.  4. Stage controlling The whole project will be broken into different stages and to complete these, teams will be formed and assigned responsibilities.  The project manager will map the process for each project stage and will take actions when any hindrances and loopholes arise.  5. Product delivery management The main responsibility of the project manager is to compare the deliverables and expectations from the project board. They will ensure that the deliverables meet the expectations.  Once the project is completed, the board will review it and ask for revisions and changes if needed.  6. Stage boundaries management The manager and the board will evaluate and review the deliverables at each project stage to ensure that the project is going in the right direction. 7. Project closing Once the project is completed, the project manager will close threads such as documentation, outcomes and reporting. The PRINCE2® is a very effective and superior project management method as it offers impeccable opportunities to the project board and the project manager to track the success of the project at each stage of the project.
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There is a wide range of project management method... Read More

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.
Five Tips To Ace The PMP Certification Exam

A project manager plays a crucial role in a projec... Read More

Four Tips To Prepare For PRINCE2 Certification Exam

PRINCE stands for PRojects IN Controlled Environments. In simpler terms, it is one of the leading project management methods in the market at present. The government of United Kingdom first used this methodology in their processes. It was later adopted by the private sector. It follows the product-based planning approach. A certification in this methodology could help you upgrade your knowledge about the domain and to seek better job opportunities. A few tips to ace the certification exam are: Tip #1: Last-minute prep Students have a habit of studying a few topics right before entering the exam hall or once they reach the exam hall. They believe that they will able to remember it clearly once they study the topic at the last minute. This is a myth and do not follow it at any cost. Last minute prep only ruins your confidence as you feel you haven’t prepared enough. It will be very difficult to recollect the topic that you had studied in the last minute. This will get you worked up and leave you confused. The end result will be that you won’t be able to perform properly in the rest of the questions as well. To avoid all these troubles, study well in advance and only revise once if you like after reaching the venue. Tip #2: Enroll for an offline/online training course The PRINCE2 Foundation certification is easier compared to the Practitioner certification. One of the best ways to prepare for the practitioner certification is to join a training institute or an online training program. The benefits of doing this are plenty. You will gain access to a tonne of study material. There will be trainers in the online as well as offline course who have taken the exam and could give you crucial tips which they have gained from their experience over the years. You might be reluctant to spend the extra money and time initially but, in the end, it will all be worth it. The institutes will also give mock tests in which you can apply the knowledge and tips you have gained in the classes. Tip #3: Practice makes a man perfect You could join an institute, you could buy a tonne of study material, and you could search for many tips and tricks. In the end, if you don’t practice these on a regular basis, it is futile. In order to ace the exam with flying colours, you need to practice the topics on a daily basis. Make sure you prepare a schedule and stick to it. A week before the exam, take a break from everything else and focus only on the exam. It is 2.5 hours that can completely change your future. The practice tests are also crucial as they give you a feel of the difficulty of questions in the actual paper. Hence, spending the extra few hours on preparation will all be worth it in the end. Tip #4: Ensure you clearly understand the different aspects During the exam prep, ensure that you know the different roles and responsibilities and also all the responsibilities of a particular role in the project management team. Understanding the sequence of all processes is also crucial. This includes figuring out who is responsible for a particular activity in a project. There are many themes included in the PRINCE2 manual. For the Foundation Exam, you need to be thorough with all the purpose statements mentioned at the beginning of each process/theme. The process by which a principle is used in a specific method should also be known to you. Another essential aspect of the Practitioner exam is product planning. You need to have a thorough idea on the diagrams and product descriptions under product planning. Though you don’t need to draw diagrams in a multiple-choice question, it will be easier to solve the problems if you can efficiently draw the diagrams. A formal certification is always necessary from a career point of view as it helps you to gain better job opportunities and improve your pay grade. It is also an indication that you have thoroughly grasped all the concepts of project management. Being proficient in a particular project management methodology is a vital addition to your skill set.
Four Tips To Prepare For PRINCE2 Certification Exa...

PRINCE stands for PRojects IN Controlled Environme... Read More

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