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What Is Scrum in Project Management?

The adoption of Agile has grown and evolved over the past decade, as organizations seek to adapt to changing industry needs and deliver products with higher quality and greater efficiency. Originally used in software development, Agile has now been adopted across all sectors and industries.As reported in the 14th Annual State of Agile, a whopping 95% of respondents are known to practice Agile development methods, of which the majority (58%) prefer to use the Scrum framework and its variants.What is Scrum Project Management?Scrum is the most popular among all the Agile frameworks. It offers immense flexibility—in fact, Ken Schwaber, the co-founder of Scrum, preferred to call it a framework rather than a methodology, as it simply outlines the delivery structure and leaves it to the team to determine their own best practices.In its simplest form, Scrum is a method of iterative and incremental product delivery that uses self-organizing and collaborative teams, who follow clearly laid out processes and follow prescribed events.In Scrum project management, work is executed in short time-boxed cycles called sprints, and the team holds daily meetings to discuss planned tasks and any impediments that need to be cleared.How does Scrum Project Management work?Usually used in software development projects, Scrum project management works well with small teams and for projects that require rapid development and testing, even with emergent and volatile requirements.Teams work in short sprints that are usually between 1 and 4 weeks in duration. This iterative cycle is repeated with a product incremental value being delivered at the end of each sprint. The cycle continues till the end of the project, when the entire product value has been delivered to the satisfaction of customers and stakeholders.  Since the tasks are reviewed at the start of each cycle, and there is continual seeking of feedback from stakeholders at the end of every cycle, Scrum adapts well to changing requirements.This process is in sharp contrast to traditional ‘waterfall’ methods of software development, where the product scope is fixed upfront, and changes cannot be accommodated till the end of the project.  In waterfall projects there is the need for extensive documentation and analysis before development can start, which often delays schedules. What’s more, feedback is not sought till the end, which often results in low quality products that are packed with features that the customer is unhappy with.The Scrum FrameworkA Scrum project starts with a clearly defined product vision and an outline of the features and functionality it is expected to have. These features are prioritised and listed out in the Product Backlog, which is a dynamic document that is ordered with reallocation of tasks at the end of each iteration (called a sprint).  The sprint is a time-boxed event during which the team will complete a subset of the features and create a product increment that offers value. Sprints generally run for one to four weeks, a duration that is pre-set and is maintained through the project.  At the beginning of the sprint, the sprint planning event is held, and the team commits to developing items from the product backlog that are required to be done first. These items go into the sprint backlog, which is a subset of the product backlog and includes the features and functionality that can be developed during the sprint.  As the work progresses, the team meets daily, checking in with each other to discuss the progress of tasks. They tell each other what was done the previous day and plan the tasks for the day ahead and talk about anything that is holding them back from completing the tasks at hand.  At the end of each sprint, the team demonstrates the product increment to the stakeholders and obtains their feedback. In accordance with this feedback received, the product backlog is ‘groomed’ and the remaining tasks are rearranged according to the new priority. A retrospective meeting is also held where they discuss what went wrong during the sprint, and how they can improve upon this in the next sprint.In this manner, Scrum processes follow the three pillars of Scrum: regular inspection, adaptation and transparency.Scrum RolesThe Scrum Team is a small group of people; typically, between 3 to 9 in number, who work together without any hierarchy. The Team comprises three Roles: that of the Product Owner, Scrum Master, and Developers.    The Developers, also called the Dev Team, are the people who create the product increment during each sprint.The Scrum Master, often referred to as the Servant Leader, is responsible for ensuring that Scrum practices as laid out in the Scrum Guide are followed. Scrum Masters serve the team (hence the name ‘servant leader’) and also the organization at large.The Product Owner looks into the business side of things, and ensures that the product vision is followed. He or she strives to maximize the value of the product and manages the Product Backlog.The Application of Scrum in ProjectsScrum is applied by following Scrum ceremonies, which are events held at specific instances during a sprint.The main ceremonies are the following:The Sprint Planning Meeting is held at the beginning of the sprint and is when the entire team gets together to plan the upcoming sprint and finalise the user stories that will be completed during the sprint.The Daily Scrum is a short meeting, held daily at the same time, when each team member answers the following three questions: what tasks were completed yesterday, what are you working on today and is there anything blocking your progress?The Sprint Review is the event during which the team shows a demo of the work done to the stakeholders and elicits their feedback and the feedback from the rest of the team. This feedback is tracked by the Product Owner and is added as tasks to be undertaken in the upcoming sprints.The Sprint Retrospective is the last Scrum ceremony, which allows the team to reflect on the sprint that has just concluded and find ways of improving the work and processes for the next sprint.Tracking ProgressThe progress of the team’s work is tracked using three methods: the task board, the burndown chart and the Daily Scrum.During the Daily Scrum, as already mentioned above, the team discusses what was done the previous day and what will be done during the rest of that day.The task board typically has three columns: To Do, Doing, and Done. During the Daily Scrum, each team member will move items across the board (either using post it slips, or small chits that are pinned to the board) to indicate the progress of the tasks mentioned on each chit. It is a visual representation of what the team is working on at any given moment.The burndown chart is a visual representation of the progress of work in the form of a chart, with the x-axis showing the number of days in the sprint, while the y-axis indicates the number of hours of work required to complete all the tasks for the sprint. The slope of the burndown chart should, ideally, come down to indicate that zero tasks are left when the time is completed.Together, these three tools give a fairly accurate idea of the progress of the work. The team will be able to determine whether the tasks are likely to be completed on time, what the impediments to progress are, and how the tasks can be planned.Grooming the BacklogIn between the sprints, it is important to carry out a backlog grooming or refinement session. This basically means that the scrum team meets and discusses the product backlog items and the work to be carried out in the next sprint. This helps in keeping the backlog up to date and getting it ready for the next sprint. Grooming helps to keep the product backlog de-cluttered, removes uncertainty and risk associated with the sprint, helps eliminate further meetings that may be associated with product backlog and leads to better sprint planning.Release PlanningRelease Planning, usually done once in a quarter, is done for multiple sprints together. This is a longer-term plan that is undertaken to get a perspective on when the product release is likely to happen and evaluates value and quality constraints against the available time, resources and budget.  The PO presents the list of features that must be completed during the upcoming quarter, and the team provides gross, rough estimates to check whether this will be feasible. The result of the meeting is internal and does not have to be showcased to the customers.Case study on Scrum in project managementWhile Scrum is most commonly used in software development projects, there are many examples of how Scrum has proved to be of great advantage in non-Scrum projects as well.A Scrum.org case study  outlines the journey of a major US Airline with over 4000 employees that leveraged the Nexus+ framework to scale Scrum across more than 10 globally distributed teams. The result was clean, streamlined processes, with a stunningly quick turnaround and improved ROI.This company had earlier used waterfall methods to create and manage their software products, and it would typically take them months or years to deliver a product to market. In multiple cases, by the time the product was ready to ship it was no longer usable due to the huge lapse of time in the interim.  Lola Tech was one of their software vendors, and their Head of Delivery decided to adopt agile across their entire product development suite for this company. Most of them had already worked with Scrum, and Nexus was their obvious choice.  When they started the adoption, they faced challenges in:The capability of building cross-functional teams, so that outside dependencies could be removed  The culture shift: changing from a Project Mindset to a Product Mindset  Being able to apply the Scrum framework effectively in its entirety, not just in partsBuilding psychological safety across teams  Strictly following the Scrum Values in mind and spiritGetting the teams trained was the first and most obvious step. PSTs trained the team members as well as vendors to achieve certifications that included PSM, PSD, PSPO and SPS, getting them aligned with the values and principles embodied in Scrum.  Once the team had their fundamental knowledge in place, they created an Agility Transformation Backlog and roadmap. Each of the challenges was broken down and solutions found—ranging from organizing team events to foster connections between remote teams, to properly understanding how to apply the framework effectively.  There were 5 Nexuses with each Nexus consisting of 5 to 9 Scrum Teams. Together, they worked on a product family made up of an operations platform for handling products sold, and two e-commerce platforms - a custom one, and another one for selling additional goods and/or services. These teams were brought in line to work with shared goals and a common vision and mission.After the first product releases, the results were quite astounding. They were able to achieve:Decreased Time-to-Market - From delivering yearly or twice a year in a waterfall fashion to delivering better software products, every quarter  Increased Profits – Achieving a 100% ROI in just 2 weeks after going live  Faster delivery - From getting the first releasable increment ‘Done’ in 2 months to having a releasable increment after a two-week Sprint  Greater collaboration - From the Dev team having zero interaction with the PO, to all the Developers having daily interactions which increased transparency and accountabilitySlashed Costs - By automating deployments, features and releases they were able to cut costs dramatically.There are many more such case studies at this link.Understanding the Project Manager Role in Scrum – The Scrum Master vs the Project ManagerBoth the Scrum Master and Project Manager are roles that maximize value for projects. While there are similarities between the two roles, the responsibilities of each are quite different.A Scrum Master is the servant leader on a Scrum team, who ensures that the team adheres to Scrum values, and acts as a mentor, guide, leader and facilitator all rolled into one. The Scrum Master works with only the Scrum framework and does not adopt other methodologies.The Project Manager, on the other hand, is a leader who manages one or several teams to plan, execute and deliver projects, maintaining complete control and responsibility over the project in its entirety. A Project Manager is free to choose traditional or Agile methods or choose a hybrid model, based on the approach that is considered most suitable for the project.The Scrum framework helps organizations to address challenging adaptive problems, delivering products of the highest value. Scrum values, principles, and practices have been proven to empower businesses to adapt to volatile conditions, developing products that delight customers in a quicker time, with optimal use of resources. The Scrum Framework continues to be the preferred choice of agile practitioners. As its popularity continues to soar, with no signs of slowing down, it’s indeed time to go down the Scrum path!

What Is Scrum in Project Management?

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What Is Scrum in Project Management?

The adoption of Agile has grown and evolved over the past decade, as organizations seek to adapt to changing industry needs and deliver products with higher quality and greater efficiency. Originally used in software development, Agile has now been adopted across all sectors and industries.

The Scrum process

As reported in the 14th Annual State of Agile, a whopping 95% of respondents are known to practice Agile development methods, of which the majority (58%) prefer to use the Scrum framework and its variants.

What is Scrum Project Management?

Scrum is the most popular among all the Agile frameworks. It offers immense flexibility—in fact, Ken Schwaber, the co-founder of Scrum, preferred to call it a framework rather than a methodology, as it simply outlines the delivery structure and leaves it to the team to determine their own best practices.

In its simplest form, Scrum is a method of iterative and incremental product delivery that uses self-organizing and collaborative teams, who follow clearly laid out processes and follow prescribed events.

In Scrum project management, work is executed in short time-boxed cycles called sprints, and the team holds daily meetings to discuss planned tasks and any impediments that need to be cleared.

How does Scrum Project Management work?

Usually used in software development projects, Scrum project management works well with small teams and for projects that require rapid development and testing, even with emergent and volatile requirements.

Teams work in short sprints that are usually between 1 and 4 weeks in duration. This iterative cycle is repeated with a product incremental value being delivered at the end of each sprint. The cycle continues till the end of the project, when the entire product value has been delivered to the satisfaction of customers and stakeholders.  

Since the tasks are reviewed at the start of each cycle, and there is continual seeking of feedback from stakeholders at the end of every cycle, Scrum adapts well to changing requirements.

This process is in sharp contrast to traditional ‘waterfall’ methods of software development, where the product scope is fixed upfront, and changes cannot be accommodated till the end of the project.  

In waterfall projects there is the need for extensive documentation and analysis before development can start, which often delays schedules. What’s more, feedback is not sought till the end, which often results in low quality products that are packed with features that the customer is unhappy with.

Agile vs Waterfall

The Scrum Framework

A Scrum project starts with a clearly defined product vision and an outline of the features and functionality it is expected to have. These features are prioritised and listed out in the Product Backlog, which is a dynamic document that is ordered with reallocation of tasks at the end of each iteration (called a sprint).  

The sprint is a time-boxed event during which the team will complete a subset of the features and create a product increment that offers value. Sprints generally run for one to four weeks, a duration that is pre-set and is maintained through the project.  

At the beginning of the sprint, the sprint planning event is held, and the team commits to developing items from the product backlog that are required to be done first. These items go into the sprint backlog, which is a subset of the product backlog and includes the features and functionality that can be developed during the sprint.  

As the work progresses, the team meets daily, checking in with each other to discuss the progress of tasks. They tell each other what was done the previous day and plan the tasks for the day ahead and talk about anything that is holding them back from completing the tasks at hand.  

At the end of each sprint, the team demonstrates the product increment to the stakeholders and obtains their feedback. In accordance with this feedback received, the product backlog is ‘groomed’ and the remaining tasks are rearranged according to the new priority. A retrospective meeting is also held where they discuss what went wrong during the sprint, and how they can improve upon this in the next sprint.

In this manner, Scrum processes follow the three pillars of Scrum: regular inspection, adaptation and transparency.

The Original Scrum Framework

Scrum Roles

The Scrum Team is a small group of people; typically, between 3 to 9 in number, who work together without any hierarchy. The Team comprises three Roles: that of the Product Owner, Scrum Master, and Developers.    

The Developers, also called the Dev Team, are the people who create the product increment during each sprint.

The Scrum Master, often referred to as the Servant Leader, is responsible for ensuring that Scrum practices as laid out in the Scrum Guide are followed. Scrum Masters serve the team (hence the name ‘servant leader’) and also the organization at large.

The Product Owner looks into the business side of things, and ensures that the product vision is followed. He or she strives to maximize the value of the product and manages the Product Backlog.

The Application of Scrum in Projects

Scrum is applied by following Scrum ceremonies, which are events held at specific instances during a sprint.

The main ceremonies are the following:

  • The Sprint Planning Meeting is held at the beginning of the sprint and is when the entire team gets together to plan the upcoming sprint and finalise the user stories that will be completed during the sprint.
  • The Daily Scrum is a short meeting, held daily at the same time, when each team member answers the following three questions: what tasks were completed yesterday, what are you working on today and is there anything blocking your progress?
  • The Sprint Review is the event during which the team shows a demo of the work done to the stakeholders and elicits their feedback and the feedback from the rest of the team. This feedback is tracked by the Product Owner and is added as tasks to be undertaken in the upcoming sprints.
  • The Sprint Retrospective is the last Scrum ceremony, which allows the team to reflect on the sprint that has just concluded and find ways of improving the work and processes for the next sprint.

Scrum Ceremonies

Tracking Progress

The progress of the team’s work is tracked using three methods: the task board, the burndown chart and the Daily Scrum.

During the Daily Scrum, as already mentioned above, the team discusses what was done the previous day and what will be done during the rest of that day.

The task board typically has three columns: To Do, Doing, and Done. During the Daily Scrum, each team member will move items across the board (either using post it slips, or small chits that are pinned to the board) to indicate the progress of the tasks mentioned on each chit. It is a visual representation of what the team is working on at any given moment.

Scrum Task Board

The burndown chart is a visual representation of the progress of work in the form of a chart, with the x-axis showing the number of days in the sprint, while the y-axis indicates the number of hours of work required to complete all the tasks for the sprint. The slope of the burndown chart should, ideally, come down to indicate that zero tasks are left when the time is completed.

Together, these three tools give a fairly accurate idea of the progress of the work. The team will be able to determine whether the tasks are likely to be completed on time, what the impediments to progress are, and how the tasks can be planned.

Grooming the Backlog

Grooming Backlog

In between the sprints, it is important to carry out a backlog grooming or refinement session. This basically means that the scrum team meets and discusses the product backlog items and the work to be carried out in the next sprint. This helps in keeping the backlog up to date and getting it ready for the next sprint. Grooming helps to keep the product backlog de-cluttered, removes uncertainty and risk associated with the sprint, helps eliminate further meetings that may be associated with product backlog and leads to better sprint planning.

Release Planning

Release Planning, usually done once in a quarter, is done for multiple sprints together. This is a longer-term plan that is undertaken to get a perspective on when the product release is likely to happen and evaluates value and quality constraints against the available time, resources and budget.  

The PO presents the list of features that must be completed during the upcoming quarter, and the team provides gross, rough estimates to check whether this will be feasible. The result of the meeting is internal and does not have to be showcased to the customers.

The Original Scrum Framework

Case study on Scrum in project management

While Scrum is most commonly used in software development projects, there are many examples of how Scrum has proved to be of great advantage in non-Scrum projects as well.

A Scrum.org case study  outlines the journey of a major US Airline with over 4000 employees that leveraged the Nexus+ framework to scale Scrum across more than 10 globally distributed teams. The result was clean, streamlined processes, with a stunningly quick turnaround and improved ROI.

This company had earlier used waterfall methods to create and manage their software products, and it would typically take them months or years to deliver a product to market. In multiple cases, by the time the product was ready to ship it was no longer usable due to the huge lapse of time in the interim.  

Lola Tech was one of their software vendors, and their Head of Delivery decided to adopt agile across their entire product development suite for this company. Most of them had already worked with Scrum, and Nexus was their obvious choice.  

When they started the adoption, they faced challenges in:

  • The capability of building cross-functional teams, so that outside dependencies could be removed  
  • The culture shift: changing from a Project Mindset to a Product Mindset  
  • Being able to apply the Scrum framework effectively in its entirety, not just in parts
  • Building psychological safety across teams  
  • Strictly following the Scrum Values in mind and spirit

Getting the teams trained was the first and most obvious step. PSTs trained the team members as well as vendors to achieve certifications that included PSM, PSD, PSPO and SPS, getting them aligned with the values and principles embodied in Scrum.  

Once the team had their fundamental knowledge in place, they created an Agility Transformation Backlog and roadmap. Each of the challenges was broken down and solutions found—ranging from organizing team events to foster connections between remote teams, to properly understanding how to apply the framework effectively.  

There were 5 Nexuses with each Nexus consisting of 5 to 9 Scrum Teams. Together, they worked on a product family made up of an operations platform for handling products sold, and two e-commerce platforms - a custom one, and another one for selling additional goods and/or services. These teams were brought in line to work with shared goals and a common vision and mission.

After the first product releases, the results were quite astounding. They were able to achieve:

  • Decreased Time-to-Market - From delivering yearly or twice a year in a waterfall fashion to delivering better software products, every quarter  
  • Increased Profits – Achieving a 100% ROI in just 2 weeks after going live  
  • Faster delivery - From getting the first releasable increment ‘Done’ in 2 months to having a releasable increment after a two-week Sprint  
  • Greater collaboration - From the Dev team having zero interaction with the PO, to all the Developers having daily interactions which increased transparency and accountability
  • Slashed Costs - By automating deployments, features and releases they were able to cut costs dramatically.

There are many more such case studies at this link.

Understanding the Project Manager Role in Scrum – The Scrum Master vs the Project Manager

Both the Scrum Master and Project Manager are roles that maximize value for projects. While there are similarities between the two roles, the responsibilities of each are quite different.

A Scrum Master is the servant leader on a Scrum team, who ensures that the team adheres to Scrum values, and acts as a mentor, guide, leader and facilitator all rolled into one. The Scrum Master works with only the Scrum framework and does not adopt other methodologies.

The Project Manager, on the other hand, is a leader who manages one or several teams to plan, execute and deliver projects, maintaining complete control and responsibility over the project in its entirety. A Project Manager is free to choose traditional or Agile methods or choose a hybrid model, based on the approach that is considered most suitable for the project.

The Original Scrum Framework

The Scrum framework helps organizations to address challenging adaptive problems, delivering products of the highest value. Scrum values, principles, and practices have been proven to empower businesses to adapt to volatile conditions, developing products that delight customers in a quicker time, with optimal use of resources.  

The Scrum Framework continues to be the preferred choice of agile practitioners. As its popularity continues to soar, with no signs of slowing down, it’s indeed time to go down the Scrum path!

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.
Website : https://www.knowledgehut.com

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Project Manager Salary Guide 2022

Project management skills and expertise are in demand globally, and earning potential remains promising. The Project Management Institute (PMI)regularly runs a salary survey to find out what kind of salary project managers draw across industries and across geographies. This is probably one of the most comprehensive salary surveys conducted for any job type. Earning Power: Project Management Salary Survey—Eleventh Edition (2020), the latest salary survey from the Project Management Institute (PMI) equips practitioners with the most comprehensive view of project managers’ earnings from 42 countries around the world.  Greater awareness of how skill level, experience and certifications impact salary can give practitioners considerable earning power in a dynamic job market. And this critical data can help recruiters, human resources and compensation professionals establish fair and equitable salaries for project management roles within their organizations. Some of the data you will discover in this PMI report might surprise you. In this article, we give you the complete lowdown on the findings of the survey.Data gathered The scale of the PMI salary survey is vast: over 32,000+ project managers across industries and verticals, across the globe. This sample size is a good representative of the population and provides a realistic representation of salary figures. Quite a wide variety of information is collected by PMI’s team – position, years of PM experience, highest formal education, degree in project management, PMP® status, training per year, type of project, avg team size, project budget, and many more – from the sample size from each of the 42 countries. The report is of about 360 pages long, with quite a detailed information segregated by countries.One can thus slice and dice the figures to extract an amazing amount of insights into how project management in general and PMP certification can impact the salary of employees across industries, verticals, positions, and geographies. The top3 countries The top 3 countries on median salary figures were: Switzerland ($132,086) United States ($116,000) Australia ($101,381)The verdict “There’s never been a better time to be a project manager”, states the PMI Salary Survey, Eleventh Edition (2020).But what the report truly indicates is that there has never been a better time to be a PMP® certified project manager. The final verdict? Here it is: Respondents with PMP® certification report 22% higher median salaries than those without PMP® certification. Project Manager salary ranges Candidates with a PMP certification are prioritized over non-certified candidates. They are also more likely to get better compensation. However, the median salary depends on several factors such as their country of residence, years of experience, position or role and the average size of projects managed, including average project budget and average project team size. Project Manager salaries by countryCountriesMedian SalaryUSA$116,000India$28,750Singapore$71,279Hong Kong$76,607United Arab Emirates$81,665Project Manager salaries by years of experienceYearsUSAIndiaSingaporeHong KongUnited Arab Emirates
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Project Manager Salary Guide 2022

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Best Project Management Certifications in 2022

While nothing can replace industry work experience, there is no doubt that a credible certification can open up new opportunities and elevate your current profile. This is true for any area of work and more so in the project management field.With projects getting more complex, pan global and resource intensive, organizations look to hire project managers who come with solid expertise and a recognised certification to back their knowledge and skill.With so many project management credentials to choose from, which one would suit you best in terms of the knowledge and opportunities you will gain? Here is a ready compilation of the best Project Management Certifications for 2022, to help you to make an informed decision.PMP® Certification TrainingCAPM® Certification TrainingPMI-RMP® Certification TrainingPRINCE2® Foundation and Practitioner Certification TrainingProgram Management Professional (PgMP)® Certification TrainingPMI-ACP® Certification Training1. Project Management Professional (PMP)®Arguably the most well-known credential in the Project Management space, the PMP is globally recognized as the gold standard in project management. Offered by the Project Management Institute (PMI)®, the PMP gives you the bandwidth to work in any industry, using any methodology and working on a variety of situations.This certification is a litmus test of your project management knowledge and skills in managing the project "triple constraints", that is time, cost, and scope. 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The questions are randomized so that no two candidates will get similar questions. The easier the question, the higher the passing score determinant and the higher or tougher the question, the easier the passing score. Duration to get certified: After completing your 35 hours of PMP workshop training, you need to rigorously prepare for the exam. Experts suggest dedicating several weeks to studying for the exam to ensure thorough preparation. 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Owing to the benefits that they bring in, CAPM practitioners are much in demand.Benefits of getting CAPM certifiedLearn the right skills in project managementGain insights into project executing, monitoring, controlling and managementBe thorough in estimating project activity costsAchieve quality management and quality assurance at every stageMaster global project management best practicesOpen yourself to new opportunities and lucrative job offersEnhance your market credibility  Gain 23 contact hours/PDUsBe part of the PMI network and gain several benefitsEarn average salaries from $93,500 to $111,500Top companies that hire CAPM professionalsKaiser PermanateAecom CorporationSAP AmericaBooz, Allen, HamiltonInternational Business Machines (IBM) CorpWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationAssociate Project ManagersProject ManagersIT Project ManagersProject CoordinatorsProject Analysts, Project LeadersSenior Project ManagersTeam LeadersProduct ManagersProgram ManagersProject SponsorsProject Team MembersEligibilitySecondary degree (high school diploma, associate’s degree or the global equivalent)23 hours of project management education completed by the time you sit for the examExam FormatNo of questions: 150 questions Time: 3 hoursDifficulty level: Moderate but requires thorough knowledge of project management principlesDuration to get certified: After completing your 23 hours of CAPM workshop training, you need to dedicate around 45-60 hours to ensure complete preparation for the exam. Your web-based exam results will be visible to you immediately upon completion of the exam. Course fee for certification: INR 8999, USD 799Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certification:In IndiaMember: ₹17,377.00Non-member: ₹23,169.00In U.S.Member: $435Non-member: $4953. PMI-RMP®: Project Management Institute-Risk Management ProfessionalThe pandemic exposed many vulnerabilities that organizations had not been prepared for. When faced with unprecedented risks, organizations need specialists who can identify and assess project risks, mitigate threats and take advantage of opportunities. The PMI-RMP course and certification prepares professionals to perform this role and successfully steer projects in complex environments.PMI-RMP Demand: According to the 2015 Pulse of the Profession® by PMI, “Eighty-three percent of organizations that are high performers in project management practice risk management frequently while just 49 percent of low performers do so”. 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