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Everything You Need to Know: The 7 Processes of PRINCE2

PRINCE2® is considered the abbreviation of Projects IN Controlled Environments and it is a structured project management process as well as the practitioner certification programme. It lays stress on dividing projects into controllable and manageable stages. There are many countries from all across the globe that adopt PRINCE2® and those countries include Western European countries, the UK, and Australia. The training of PRINCE2® is obtainable in various languages and it was developed in the form of a United Kingdom government standard intended for information systems projects. In the year 2013, the ownership of rights was transferred from HM Cabinet Office to AXELOS Ltd. which is considered a joint venture by Capita and the Cabinet Office to PRINCE2® with 49 percent and 51 percent stakes respectively.PRINCE2® MethodologyPRINCE2® methodology segregates the whole projects into various stages and every stage is managed in a separate manner. With  PRINCE2® methodology, 7 processes are involved:1. Starting up a ProjectThe primary process includes activities that are necessary to make sure that it is a worthwhile and viable project. The activities involved in this process are the following ones:Appointment of the project and executive managerAppoint and design the project management teamCapture previous lessonsPrepare an outline business caseChoose the project approach and accumulate the project briefPlan the initiation stage2. Directing a ProjectThis process includes the project board. In this process, authorization is given to manage a project, to proceed continuously, and provide ad hoc direction when needed. The activities of directing a Project process include the following:Authorize initiationAuthorize the projectAuthorize stage or an execution planProvide ad hoc directionAuthorize project closure3. Initiating a ProjectInitiating a Project procedure is aimed towards the Project Manager, who performs the maximum job in this process. In the other project management methods, this process is termed as planning. It is a time-consuming part of project management and the most important one too. The failure and success of a project are related directly to the planning level that was done. The activities in this step include the following:Agree on tailoring needsPreparing the risk management approachPreparing the change control approachPreparing the quality management approachPreparing communication management approachSet project controlsCreate a project planFormulate the Benefits Management ApproachAssemble the PID or project initiation documentationThe project manager has the responsibility to assemble the PID. It comprises of the following items:Project definitionProject approachBusiness caseTeam structureRole descriptionsQuality management approachChange control approachRisk management approachCommunication management approachProject planProject controls4. Controlling a stageThis process includes making sure that the management stage stays within tolerance. It starts when a stage is authorized to move forward by a project board and its activities are carried out by a project manager.Authorizing a work packageReview status of work packageGet completed work packagesReview management stage statusReport highlightsAssess and capture issues and risksEscalate risks and issuesTake corrective action5. Managing Product DeliveryThis product focuses on the delivery of the end service or product of a project. It is performed by the team manager primarily, the technical manager, who transfers the reports and the project to the project manager. Three major activities in this process are as follows:Accepting a work packagePerform a work packageSend a work package6. Managing State BoundariesAs management stage approaches, this procedure comes in. It is needed so that a project board may review the success of the present stage and approve the succeeding stage. At state boundaries, PID is updated and most project documents are confirmed and reviewed. The activities performed by the project manager are as follows:Planning the succeeding management stageUpdating the project planUpdating a business caseReport Management stageCreate an exception plan7. Closing a ProjectA project is a provisional endeavor. It has a beginning and an end. The project closure jobs are very small and visible to senior management; therefore, they have a vast role in project success. The five activities in Closing a Project process are as follows:Prepare planned closurePrepare premature closureHand over productsEvaluate the projectRecommend project closureThe Project Manager recommends project closure for the Project Board’s approval.PRINCE2® Process ModelYou will get articles on PRINCE2® processes in Portuguese, Spanish, Russian, Italian, Dutch, French, and Polish. A process is recognized as an organized set of activities and their job is accomplishing a particular objective. There are many activities of PRINCE2® meant for Starting Up a project or running a project. It groups them into processes.Actually, PRINCE2® is considered a process-based approach which is highly beneficial for project management, and there are mainly seven processes that will guide a person through the project. Every project does provide a set of activities and these activities aid in directing, managing, and delivering a project. You will get them all in the manual of PRINCE2®.                                                     The seven processes of PRINCE2® are:SU (Starting Up a project)IP (Initiating a Project)DP (Directing a Project)CS (Controlling a Stage)MP (Managing Product Delivery)SB (Managing a Stage Boundary)CP (Closing a Project)Summary of the ProcessesThere are 7 management processes in PRINCE2® and each process has the job of one of the management levels, as Project Manager, Team Manager, or Project Board.Directing a Project Process – It has the liability of the Project Board. Directing a Project Process runs from the beginning of the project and continues to live till the last. Starting Up a Project method happens prior to the starting of the project. During Directing a Project procedure, the Project Board does authorize project stages besides managing the general project through the utilization of Management by Exception.The Starting Up a Project process – This is considered the liability of both the Executive and the Project Manager. It is viewed as the very first process and it is recognized as the Pre-Project process as it happens prior to the starting of the project. This is because the project doesn’t start before the Initiation Stage. In this process, the project’s reasons are recognized, the project management team gets assigned, and a Stage Plan gets created for running the Initiation Stage.Initiating a Project Process – This process is the procedure which defines the product quality, Project Product, project timeline, costs, the commitment of resources, risk analysis, and assembles the Project Initiation Documentation (PID). It is also the process where the creation of Project Plan happens and the Business Case meant for the project gets decided. All this information is accumulated into the PID.Controlling a Stage Process – In the process of Controlling a Stage, the Project Manager does the majority of the work. He watches the work closely, takes remedial action, has a communication with the stakeholders, and observes alterations. Every action can get repeated many numbers of times by the Project Manager until the stage becomes complete.The Managing Product Delivery Process – In the process of Managing Product Delivery, the planned components are formed and it becomes the liability of the Team Manager. Here, the compounds are created, the Work Packages are implemented, and work gets accomplished. The Team Manager does receive the Work Packages that are a list of jobs from the Project Manager. After this, he delivers the finished and tested Work Packages to the Project Manager again.The Managing a Stage Boundary Process – This process has got a couple of primary functions. The first one is reporting on the current stage’s performance and the second one is planning the subsequent stage. Hence, the Project Board is liberal to check how good the stage has finished its work against the Stage Plan. So, it can be said that the job of this process is evaluating the stage and preparing the plan meant for the subsequent stage.The Closing a Project Process – This process does cover the job of wrapping up the project. Additionally, this process is considered the concluding portion of the final and last stage. PRINCE2® recommends many activities for preparing the project for the finish, like Lessons Learned Report, Acceptance Record, and End Project Report. The productivity of this process would be fundamental for the confirmation of closure of the Project Board because the Project Board remains responsible for closing a project in place of the Project Manager.PRINCE2® Stage GatesPRINCE2® uses the Stage Gate Model for controlling the progress of a project. It means the work that is to be delivered is broken down into manageable sections each of which is easily understandable. PRINCE2® name these sections as Management Stages. At the end of every Stage or Section, three important checks are done without fail:Look Back- to make sure the work of the present stage is done or nothing is left behind.Look at the Big Picture- review the Project’s viability in a business case, check the project plan’s schedule, and make sure all risks are properly documented and are under control.Look forward- provide a Stage Plan for covering the work in the upcoming stage.The stage is a PhaseProjects should be broken down into phases to make them manageable. In fact, it is a very simple and known principle in any project management. The management stages of PRINCE2® are discrete and sequential sections of a project. The stages are chronological and most cases interdependent. One stage happens only after the earlier one is completed. Stages may involve the same work or different work. There is no rule as to when a stage should end and when the next one begins; however, the stages must be sufficiently small to be manageable and large enough so that micromanaging the resources invested and people involved becomes easy.Choice of StagesStage boundaries are selected based on project phases if they exist. The completion of project deliverables and project life cycle events can make good stage boundaries. The complexity and size of a Project is an important factor in several stages. There are complex and large projects that have more stages and they have more control over project work.All projects basically have two stages: an initiation stage and an execution stage. In the first stage, the project planning activities are done, i.e. the blueprint is developed and in the second stage, project execution happens.Process Model ColorColor plays a vital role in the PRINCE2® process model. There are several processes included in the model and some processes are applied more than another process. For a better understanding of the relationships among different processes, colors are used in the PRINCE2® process model. Following four colors items are found in the whole process model:Blue items: Items with blue shades signify these items are used or executed once in the whole project.Green items: Items with green shades are used once in each stage.Orange items: Items with orange shades can be executed several times in a stage.Dark red items: Items with dark red shades signify it can be implemented several times in a stage.

Everything You Need to Know: The 7 Processes of PRINCE2

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Everything You Need to Know: The 7 Processes of PRINCE2

PRINCE2® is considered the abbreviation of Projects IN Controlled Environments and it is a structured project management process as well as the practitioner certification programme. It lays stress on dividing projects into controllable and manageable stages. There are many countries from all across the globe that adopt PRINCE2® and those countries include Western European countries, the UK, and Australia. The training of PRINCE2® is obtainable in various languages and it was developed in the form of a United Kingdom government standard intended for information systems projects. In the year 2013, the ownership of rights was transferred from HM Cabinet Office to AXELOS Ltd. which is considered a joint venture by Capita and the Cabinet Office to PRINCE2® with 49 percent and 51 percent stakes respectively.

PRINCE2® Methodology

PRINCE2® methodology segregates the whole projects into various stages and every stage is managed in a separate manner. 

With  PRINCE2® methodology, 7 processes are involved:

Steps in PRINCE2 Methodology

1. Starting up a Project

The primary process includes activities that are necessary to make sure that it is a worthwhile and viable project. The activities involved in this process are the following ones:

  • Appointment of the project and executive manager
  • Appoint and design the project management team
  • Capture previous lessons
  • Prepare an outline business case
  • Choose the project approach and accumulate the project brief
  • Plan the initiation stage

2. Directing a Project

This process includes the project board. In this process, authorization is given to manage a project, to proceed continuously, and provide ad hoc direction when needed. The activities of directing a Project process include the following:

  • Authorize initiation
  • Authorize the project
  • Authorize stage or an execution plan
  • Provide ad hoc direction
  • Authorize project closure

3. Initiating a Project

Initiating a Project procedure is aimed towards the Project Manager, who performs the maximum job in this process. In the other project management methods, this process is termed as planning. It is a time-consuming part of project management and the most important one too. The failure and success of a project are related directly to the planning level that was done. The activities in this step include the following:

  • Agree on tailoring needs
  • Preparing the risk management approach
  • Preparing the change control approach
  • Preparing the quality management approach
  • Preparing communication management approach
  • Set project controls
  • Create a project plan
  • Formulate the Benefits Management Approach
  • Assemble the PID or project initiation documentation

The project manager has the responsibility to assemble the PID. It comprises of the following items:

  • Project definition
  • Project approach
  • Business case
  • Team structure
  • Role descriptions
  • Quality management approach
  • Change control approach
  • Risk management approach
  • Communication management approach
  • Project plan
  • Project controls

4. Controlling a stage

This process includes making sure that the management stage stays within tolerance. It starts when a stage is authorized to move forward by a project board and its activities are carried out by a project manager.

  • Authorizing a work package
  • Review status of work package
  • Get completed work packages
  • Review management stage status
  • Report highlights
  • Assess and capture issues and risks
  • Escalate risks and issues
  • Take corrective action

5. Managing Product Delivery

This product focuses on the delivery of the end service or product of a project. It is performed by the team manager primarily, the technical manager, who transfers the reports and the project to the project manager. Three major activities in this process are as follows:

  • Accepting a work package
  • Perform a work package
  • Send a work package

6. Managing State Boundaries

As management stage approaches, this procedure comes in. It is needed so that a project board may review the success of the present stage and approve the succeeding stage. At state boundaries, PID is updated and most project documents are confirmed and reviewed. The activities performed by the project manager are as follows:

  • Planning the succeeding management stage
  • Updating the project plan
  • Updating a business case
  • Report Management stage
  • Create an exception plan

7. Closing a Project

A project is a provisional endeavor. It has a beginning and an end. The project closure jobs are very small and visible to senior management; therefore, they have a vast role in project success. The five activities in Closing a Project process are as follows:

  • Prepare planned closure
  • Prepare premature closure
  • Hand over products
  • Evaluate the project
  • Recommend project closure

The Project Manager recommends project closure for the Project Board’s approval.

PRINCE2® Process Model

You will get articles on PRINCE2® processes in Portuguese, Spanish, Russian, Italian, Dutch, French, and Polish. A process is recognized as an organized set of activities and their job is accomplishing a particular objective. There are many activities of PRINCE2® meant for Starting Up a project or running a project. It groups them into processes.

Actually, PRINCE2® is considered a process-based approach which is highly beneficial for project management, and there are mainly seven processes that will guide a person through the project. Every project does provide a set of activities and these activities aid in directing, managing, and delivering a project. You will get them all in the manual of PRINCE2®.                                                     

The seven processes of PRINCE2® are:

  1. SU (Starting Up a project)
  2. IP (Initiating a Project)
  3. DP (Directing a Project)
  4. CS (Controlling a Stage)
  5. MP (Managing Product Delivery)
  6. SB (Managing a Stage Boundary)
  7. CP (Closing a Project)

Summary of the Processes

There are 7 management processes in PRINCE2® and each process has the job of one of the management levels, as Project Manager, Team Manager, or Project Board.

  1. Directing a Project Process – It has the liability of the Project Board. Directing a Project Process runs from the beginning of the project and continues to live till the last. Starting Up a Project method happens prior to the starting of the project. During Directing a Project procedure, the Project Board does authorize project stages besides managing the general project through the utilization of Management by Exception.
  2. The Starting Up a Project process – This is considered the liability of both the Executive and the Project Manager. It is viewed as the very first process and it is recognized as the Pre-Project process as it happens prior to the starting of the project. This is because the project doesn’t start before the Initiation Stage. In this process, the project’s reasons are recognized, the project management team gets assigned, and a Stage Plan gets created for running the Initiation Stage.
  3. Initiating a Project Process – This process is the procedure which defines the product quality, Project Product, project timeline, costs, the commitment of resources, risk analysis, and assembles the Project Initiation Documentation (PID). It is also the process where the creation of Project Plan happens and the Business Case meant for the project gets decided. All this information is accumulated into the PID.
  4. Controlling a Stage Process – In the process of Controlling a Stage, the Project Manager does the majority of the work. He watches the work closely, takes remedial action, has a communication with the stakeholders, and observes alterations. Every action can get repeated many numbers of times by the Project Manager until the stage becomes complete.
  5. The Managing Product Delivery Process – In the process of Managing Product Delivery, the planned components are formed and it becomes the liability of the Team Manager. Here, the compounds are created, the Work Packages are implemented, and work gets accomplished. The Team Manager does receive the Work Packages that are a list of jobs from the Project Manager. After this, he delivers the finished and tested Work Packages to the Project Manager again.
  6. The Managing a Stage Boundary Process – This process has got a couple of primary functions. The first one is reporting on the current stage’s performance and the second one is planning the subsequent stage. Hence, the Project Board is liberal to check how good the stage has finished its work against the Stage Plan. So, it can be said that the job of this process is evaluating the stage and preparing the plan meant for the subsequent stage.
  7. The Closing a Project Process – This process does cover the job of wrapping up the project. Additionally, this process is considered the concluding portion of the final and last stage. PRINCE2® recommends many activities for preparing the project for the finish, like Lessons Learned Report, Acceptance Record, and End Project Report. The productivity of this process would be fundamental for the confirmation of closure of the Project Board because the Project Board remains responsible for closing a project in place of the Project Manager.

PRINCE2® Stage GatesPRINCE2® Stage Gates

PRINCE2® uses the Stage Gate Model for controlling the progress of a project. It means the work that is to be delivered is broken down into manageable sections each of which is easily understandable. PRINCE2® name these sections as Management Stages. At the end of every Stage or Section, three important checks are done without fail:

  • Look Back- to make sure the work of the present stage is done or nothing is left behind.
  • Look at the Big Picture- review the Project’s viability in a business case, check the project plan’s schedule, and make sure all risks are properly documented and are under control.
  • Look forward- provide a Stage Plan for covering the work in the upcoming stage.

The stage is a Phase

Projects should be broken down into phases to make them manageable. In fact, it is a very simple and known principle in any project management. The management stages of PRINCE2® are discrete and sequential sections of a project. The stages are chronological and most cases interdependent. One stage happens only after the earlier one is completed. Stages may involve the same work or different work. There is no rule as to when a stage should end and when the next one begins; however, the stages must be sufficiently small to be manageable and large enough so that micromanaging the resources invested and people involved becomes easy.

Choice of Stages

Stage boundaries are selected based on project phases if they exist. The completion of project deliverables and project life cycle events can make good stage boundaries. The complexity and size of a Project is an important factor in several stages. There are complex and large projects that have more stages and they have more control over project work.

All projects basically have two stages: an initiation stage and an execution stage. In the first stage, the project planning activities are done, i.e. the blueprint is developed and in the second stage, project execution happens.

Process Model Color

Color plays a vital role in the PRINCE2® process model. There are several processes included in the model and some processes are applied more than another process. For a better understanding of the relationships among different processes, colors are used in the PRINCE2® process model. Following four colors items are found in the whole process model:

PRINCE2® Process Model Color

  • Blue items: Items with blue shades signify these items are used or executed once in the whole project.
  • Green items: Items with green shades are used once in each stage.
  • Orange items: Items with orange shades can be executed several times in a stage.
  • Dark red items: Items with dark red shades signify it can be implemented several times in a stage.
KnowledgeHut

KnowledgeHut

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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.
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This shows the importance of risk management and the emphasis organizations place on qualified risk managers.Benefits of getting PMI-RMP certifiedApply risk management practices for greater competitive advantageIdentify and measure risks in project development and implementationQuantify and create risk response strategies to deliver products that meet stakeholder expectationsUse a proactive and focused approach to preventing problems, rather than dealing with them once they occurIncrease your visibility within the companyAim for greater career growthEarn salaries upto $115,931Top companies that hire PMI-RMP professionalsWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationRisk ManagersRisk Management ProfessionalsProject ManagersProject SponsorsProgram ManagersProject EngineersProject CoordinatorsPlanning ManagersPlanning EngineersProject Cost Control EngineersQuantity SurveyorsCivil EngineersIT Project ManagersProduct ManagersProject AnalystsBusiness AnalystsProject LeadersProject Co-ordinatorsTeam LeadersTeam MembersEligibilityTo apply for the PMI-RMP® Credential, you need to possess a:Secondary degree (high school diploma, associate’s degree, or the global equivalent)4,500 hours of project risk management experience40 hours of project risk management educationORFour-year degree (bachelor’s degree or the global equivalent)3,000 hours of project risk management experience30 hours of project risk management educationExam FormatNo of questions: 170 questions Type: Multiple ChoiceTime: 3.5 hoursDuration to get certifiedApplication fee: For PMI membership: USD $ 129 plus USD $10 for application fee.Course fee for certification: INR12999, USD 999Exam fee for certificationIn U.S.Member: $520Non-member: $670Retake fee for certificationMember: $335Non-member: $4354. PRINCE2® Foundation/PRINCE2 PractitionerThe PRINCE2 (PRojects IN Controlled Environments) Foundation and Practitioner credentials are sought-after offerings from AXELOS. There are a number of credentials offered under PRINCE2 that make it suitable for a wider audience. Axelos keeps the PRINCE2 curriculum regularly updated with the latest industry advances, which makes it suitable for new age project management and intensive, demanding projects.  PRINCE2 Demand: PRINCE2 extends its applicability across industries and sectors. This makes it very popular in the market as it is a one size fits all model. Although PRINCE2 was founded in the UK, it has now firmly established its presence in industries across the world. According to a report in LinkedIn, PRINCE2 is the most popular project management methodology. A professional adept at PRINCE2 and holding the credential is highly valuable and sought after by organizations implementing PRINCE2 for their projects.  Benefits of getting PRINCE2 certifiedGuide projects in their entiretyTailor PRINCE2 to suit the needs of projects and organizationsValidate your commitment to continued excellence and quality Master and demonstrate your proficiency of the PRINCE2® framework Gain project management best practices and grow your career with confidence Work across projects in diverse sectors and industriesShow your ability to work in challenging work environments Command higher salaries (upto $99,012 average) than your non-certified peers Top companies that hire PRINCE2 professionalsShellBPTranspower New ZealandIBMHPAquasoftGetronicsSiemensWhere to take training for certification: Aspirants must undertake training from a Certified Partner of AXELOS and an accredited training organization (ATO) with PeopleCert®.Who should take the training for certification?Project ManagersProject CoordinatorsProject AnalystsProject LeadersProduct ManagersProgram ManagersProject SponsorsTeam LeadersSenior Responsible OwnersProduct Delivery ManagersBusiness Change AnalystsProject and Programme Office PersonnelOperational Line ManagerAnyone who wishes to build up knowledge in project management EligibilityThere are no eligibility requirements for the PRINCE2® Foundation certification exam. To qualify for the PRINCE2 Practitioner exam, you must have at least one of the following certifications: PRINCE2® Foundation or higher (applicable only to certificates obtained after 1 January 2009) 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) Project Management Qualification (PMQ) Project Professional Qualification (PPQ) Exam FormatFoundation ExamDuration: 60 minutes (1 hour) Questions: 60 Multiple choice questions Pass mark: 33 out of 60 available, or 55% Use of textbook: No, it’s a closed book examPractitioner Exam Duration: 150 minutes (2.5 hrs) Questions: 68 Objective type questions Pass mark: 38 out of 68 available, or 55% Use of textbook: Yes, but only the official PRINCE2® manual is permitted. Duration to get certifiedYou will need to attend 32-hours of PRINCE2® Foundation and Practitioner training from an ATO of AXELOS and PeopleCert®, following which you will be required to take the exams to demonstrate your knowledge of PRINCE2 and get certified. The results of your tests are issued within 2 business days from the date of your exam.  Course fee for certification: USD 1999Exam fee for certification: Included in course fee5. PgMP®: Program Management Professional (PgMP)® Certification TrainingAnother project management from the PMI, this credential is more advanced than the PMP and certifies the holder’s ability to manage complex projects that cover functions, organizations, cultures and geographies. The credential mandates holders to be proficient in the six prime focus areas: Governance, Prioritization, Escalation, Resource Management, Benefits Realization, and Stakeholder Management.PgMP Demand: Credentials from the PMI are known for their rigorous standards and testing, which is why they are well accepted in industries across sectors. PgMP holders are better able to promote integration and coordination of multiple projects for the overall benefit of the program. According to PMI’s 2015 Pulse of the Profession® report, an organization’s projects are far more successful with program management than without it — 76 percent compared to 54 percent. This further compounds the demand for PgMP professionals. Benefits of getting PgMP certifiedGet in-depth knowledge of tools and techniques to handle complex multiple related projectsUnderstand Program Lifecycle and its processes, competencies, tools and techniques with practical sample templatesLearn to implement large-scale programs to align with business strategyOpen yourself to lucrative job opportunities and leadership rolesWork in projects across geographiesEarn high salaries, upto $139,000 on averageTop companies that hire PgMP professionalsAmazonGoogleMicrosoftCognizantCapgeminiDeloitteJP Morgan ChaseErnst & YoungWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI®Who should take the training for certificationTeam LeadsSponsorsProject DirectorsProgram ManagersPortfolio Managers  Project Management Office (PMO) HeadsEligibilityA 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. Exam FormatNo of questions: 170 multiple-choice, of which 20 are considered pretest questions which are not scored.Question type: Most questions are scenario based and test a professional's understanding and clarity of thoughts on different Program Management concepts.Time: 4 hoursDifficulty level: DifficultDuration to get certified: You have to complete your 24 hours of training from an Authorized Training Partner (ATP) of PMI. Make a study plan and stick to it religiously. The PgMP is considered to be more difficult than the PMP and requires a fair bit of preparation. Once you pass the 4-hour exam you will be PgMP certified.  Course fee for certification: INR 13,999; USD 1199Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationIn IndiaMember: ₹46,338.00Non-member: ₹77,230.00In U.S.Member: $800Non-member: $1000Retake fee for certificationMember: $600Non-member: $8006. PMI-ACPPMI-ACP Demand: Agile is a fairly new concept in the context of product development. Though organizations reap immense benefits by adopting Agile, the road to transformation can often turn out to be expensive if not well executed. PMI-ACP professionals are therefore in huge demand as they can bring in project management best practices in Agile environments and ensure project success.  Benefits of getting PMI-ACP certifiedThe shortage of Project Managers has increased job opportunities in the Agile environmentYou will qualify for Agile jobs with expertise in Agile methods like Scrum, FDD, Kanban, etc. which are in demand in the industryEarn salaries in the range of $108,000 on an averageEquips you with knowledge of various Agile methodsMakes you more marketableTop companies that hire PMI-ACP professionalsStandard CharteredOracleIBMVMWareSource: IndeedWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI® Who should take the training for certification?Project ManagersProject PlannersQuality Assurance StaffDevelopers/ProgrammersDesigners, TestersProject ControllersProduct OwnersScrum MastersScrum Team MembersEligibilityTo apply for the PMI-ACP®, candidates must meet the following requirements:1. General Project Experience2000 hours of working on project teams within the last 5 years or having an active PMP®/PgMP® credential2. Agile Project Experience1500 hours of working on Agile Project Teams or with Agile Methodologies, in addition to “General Project Experience” above;3. Training in Agile Practices21 contact hours earned in Agile PracticesExam FormatNo of questions: 120 MCQ, of which 20 are pre-testDuration: 3 hoursDuration to get certified: Once you complete the course, you need to schedule the exam date. Exam applications have to be submitted and approved by PMI. Online applications m ay take upto five business days to get processed. Once your application is processed, you can schedule your exam date, and on passing receive the PMI-ACP credential.Course fee for certification: INR 10,999, USD 1099Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationFor members: $435Non-members: $495Retake fee for certificationMembers: $150Non-members: $200SummaryProject Management is among the most sought after job roles, not only in the tech industry but any industry that executes and manages projects. By 2027, 88 million individuals will need to be skilled in project management-oriented roles. This makes it among the hottest job trends in the coming years, and a credential will go a long way in helping you capitalise on this trend.
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Best Project Management Certifications in 2022

While nothing can replace industry work experience... Read More

Project Management: What’s Trending in 2022

Project management is the practice that is used to initiate, design, execute, control, and close a team's work in order to reach specific objectives and fulfil specific success criteria at the specified time. The main challenge of project management is to achieve all project objectives within the given limits.A decade ago, managing projects was difficult and challenging. It was difficult to set clear goals with less project management tools and projects were being managed by smaller teams with simpler projects.Fast forwarding to 2022, the scenario is completely different as Project Management seems like a phoenix rising from the ashes. The teams are no longer small, nor are the tasks, and the goals are defined with a proper system.The project management industry is quickly evolving, keeping pace with advanced technologies, tools, and the latest trends.Today, we will discuss the top 5 Project Management global trends in 2022.1. Artificial Intelligence (AI) & Automation Will Impact ProjectsArtificial Intelligence has had a very positive impact on projects. According to a PMI report, software development, aerospace, healthcare and financing all implement Artificial Intelligence in their way of managing projects.The first thing project managers need to do is take AI into account in project management and then learn how to utilize it for successfully completing projects.Using AI in automating data will make it easier to handle projects than before. Moreover, you can form positive business relationships with your team members and clients, resulting in proper coordination and transparency.It’s quite common to witness poor estimates and unknown external factors pushing the deadline. Artificial intelligence can calculate the duration, cost and progress of a project properly and predict realistic project schedules.2. More Project Managers Will Incorporate Hybrid Project ManagementEvery project is created differently and differs in methodology and execution. No wonder the concept of hybrid project management is becoming increasingly popular and with every passing day, many Project managers and Scrum masters are combining more than one methodology.According to PMI reports, Hybrid project management aims to combine standard project management techniques with the agile methodology.When the hybrid model, such as combining a traditional approach is implemented with an Agile process, team members from different points of view and work styles will collaborate and achieve more flexibility, dedication, and productivity in their own way.Project managers are inclining to this flexible approach of projects in the current year. A combination of agile and traditional methodologies is best suited in a multi-project environment, where complex parts are executed using agile, and a traditional method is used for the simpler parts.3. Managing Projects Will Become Easier with Emotional Intelligence (EI)It seems strange, but project success is related to humans understanding and realizing emotions. How? According to PMI.org emotional intelligence can strongly predict performance no matter what job you do. It allows clients, team members, sponsors and management to interact with each other with clarity, handle challenges efficiently and make committed choices to act strategically and swiftly. EI is now an essential technology for a successful business outcome.Understanding the emotions of the team members and dealing with different personalities ensures that the project keeps progressing at a smooth and constant pace. This is an invaluable leadership ability for project managers around the world.Therefore, it becomes more important than ever to learn about emotional intelligence and what drives people to predict future project success.4. Remote Working is on the RiseThe trend of working remotely is now extremely common and this will go on in future too. There are a lot of advantages when people work remotely. It offers more flexibility and saves a lot of time as you don’t need to travel to your workplace. The costs to the project and company get further reduced leading to the development of talent. According to the results of a survey by Wrike, 83% of respondents work remotely every day for at least one to two hours. 43% of them reported that they work remotely now, more than they did a couple of years ago.When working remotely, projects will be managed by:Setting up daily, stand-up meetings and calls to stay updated on the progressHaving your team members keep you updated on any project changes or updatesUsing online collaboration tools such as Microsoft Planner to collaborate with team members and never miss out on any changes or updatesDoing quarterly individual assessments in a yearThe future of project management will witness a steep rise in next-gen project managers, project management offices, and more focus stepping up cybersecurity. Project managers should pay attention to these trends to successfully lead their teams.5. More Jobs Will be Available for Project ManagersProject managers are involved in every possible industry. According to ‘The Project Management Institute (PMI) report’ last year, the project management labour force is predicted to grow by 33 percent in over 11 countries by 2027. There will be a wide range of jobs for project management and these are estimated to grow over the next 10 years. Some of them are in industries like: Management and Professional ServicesManufacturingFinance and InsuranceInformation Services and PublishingConstructionUtilitiesOil and GasBy 2027, nearly 88 million professionals will be required in project management-oriented roles. The first in the race to hire are China and India forming more than 75 percent of the total project management-oriented employment.The report further stresses that project managers are key in delivering successful projects and products. Acting otherwise can potentially create a loss of nearly US$208 billion in GDP over the 10 years in the 11 countries examined.With the new trends of 2022, project management will be playing a major role in fastening product development with its new technologies, and in turn, increasing workflow efficiency. Owing to its exponential growth, multiple job opportunities will be created, and staying on top of the latest trends will give one the leverage to make the most of such changes.
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Project Management: What’s Trending in 2022

Project management is the practice that is used to... Read More

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