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What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.An overview of PMP® certificationPMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.A PMP® certification helps a professional in the following ways:Grow in the role of project managerGives them a hike in their salary Stand apart from the other project managersHandle projects globallyGet value from your organization.What is the role of PMI? What does it do?Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.PMP® HandbookThe Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.Who all can apply for PMP® Certification?If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:A four-year degree along with the following requirements:Minimum 36 months (3 years) of Professional Project Management experience4,500 hours of work in directing or leading projects.Minimum of 35 hours of Project Management education.A high school diploma along with the following requirements:Minimum 60 months (5 years) of Professional Project Management experience7,500 hours of work experience in project management.Minimum of 35 hours of Project Management education.All project management working experience should be augmented within the last eight years consecutively before you submit your application.How do I become PMP® certified? What is the examination process?Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.The following video will give you a clear picture of the process of becoming a PMP® certified professional.What are PDUs? After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. PDU RenewalThere are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! How is PDU Renewal beneficiary?In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. What is the cost of PMP®Certification?The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:FEE TYPECOSTPMI Annual Membership$139PMP Exam Testing FeeNon-PMI Members$555PMI Members$405PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).Can I request for a refund for my PMP Certification? If yes, then how?To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.Also, a candidate can request for a refund if their application gets rejected or they fail an audit. PMI® will not provide the candidate with a refund in any of the following cases:If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. Benefits of PMP certification:Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.Career growth and opportunities with PMP:According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.
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What is PMP® ? 5845
What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.

A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.

PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.

An overview of PMP® certification

PMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.

By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.

A PMP® certification helps a professional in the following ways:

  • Grow in the role of project manager
  • Gives them a hike in their salary 
  • Stand apart from the other project managers
  • Handle projects globally
  • Get value from your organization.

What is PMP Certification

What is the role of PMI? What does it do?

Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.

It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.

It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.

PMP® Handbook

The Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.

It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.

Who all can apply for PMP® Certification?

If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.

Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:

A four-year degree along with the following requirements:

  • Minimum 36 months (3 years) of Professional Project Management experience
  • 4,500 hours of work in directing or leading projects.
  • Minimum of 35 hours of Project Management education.

A high school diploma along with the following requirements:

  • Minimum 60 months (5 years) of Professional Project Management experience
  • 7,500 hours of work experience in project management.
  • Minimum of 35 hours of Project Management education.

All project management working experience should be augmented within the last eight years consecutively before you submit your application.

How do I become PMP® certified? What is the examination process?

Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.

The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.

The following video will give you a clear picture of the process of becoming a PMP® certified professional.

What are PDUs? 

After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. 

PDU Renewal

There are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. 

The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! 

How is PDU Renewal beneficiary?

In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. 

What is the cost of PMP®Certification?

The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:

FEE TYPE
COST
PMI Annual Membership
$139
PMP Exam Testing FeeNon-PMI Members$555
PMI Members$405

PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).

The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).

To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).

Can I request for a refund for my PMP Certification? If yes, then how?

To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.

Also, a candidate can request for a refund if their application gets rejected or they fail an audit. 

PMI® will not provide the candidate with a refund in any of the following cases:

  • If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. 
  • If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. 

Benefits of PMP certification:

Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  

  • Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.
  • Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.
  • The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.
  • Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.
  • There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.
  • PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.
  • The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.
  • Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.

Career growth and opportunities with PMP:

According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. 

Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.

Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.

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KnowledgeHut is a fast growing Management Consulting and Training firm that is a source of Intelligent Information support for businesses and professionals across the globe.


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Top 10 Project Management Methods, Approaches, and Techniques

The goal of any business is to seek self-sufficient growth and so are the IT businesses. With the increasing technical needs, the IT industry is focusing on improvement for all type of internal processes such as – project management, strategic planning, and implementation of resources. The backbone of an IT business is ‘project’.From business objectives to resource planning, roadmaps to budget allocation – the whole team focuses on everything related to their project. Project managers and business analysts try day and night to find successful project methodologies.In this post, we have tried to put forward How to pick Project Management Methods for successLet’s get started –1.Agile It is most widely used, highly flexible, and value-centered methodology. The project manager sets milestones to divide the project and ask client feedback on every milestone delivery. The changes can be made as per the client’s requirement. The milestones are called sprints which means short delivery cycles. In-house development teams are fond of this methodology because of its transparency, flexibility, and real-time communication.2.Scrum This methodology is based on the Agile framework, as it uses sprints, the objective of scrum approach is to deliver the project in a shorter time because it deals with the proper planning and requirement analysis at the very beginning of the project, which reduces the chance of changes and delay. Agile needs a lot of communication and feedback with the client side. In fact, it’s a development by two sides (development team and client).3.Waterfall  Waterfall methodology is more like a traditional approach as it consists of fixed stages – idea – design- implementation- testing- maintenance. The linear approach is somehow lengthy but good for many industries. The project stages of waterfall methodology are performed one by one sequentially after successful completion of the previous stage. Each step is reviewed and verified thoroughly to proceed to another step. It’s a self-explanatory approach.4.Kanban This methodology is based on stage and passing the task concept. The project manager defines the stages for the team members according to their efficiency. When the team members complete their duties, they mark it done and forward to the next stage to another member. Visual cards are utilized to denote task completion. You can visualize the workflow efficiency and know the area of improvements.5.PERT PERT is a short name for Project Evaluation Review Technique. Many development firms and manufacturing companies follow this approach. Time is a vital element in this method. Every task is identified with the required time limit and then needs to be completed within a set time frame. It helps the project manager to analyse the required budget after time and resource estimation.6.PRINCE2PRINCE is an acronym for Projects IN Controlled Environments. It was developed in 1980 and after getting updated in 1996, it is called as PRINCE2. Previously, government sectors were using this methodology and later on private sectors also adopted it. It emphasizes clear step planning, business scope, cost analysis, and risk mitigation. The core business plan is broken into small plans to achieve speed and efficiency in the tasks.7.Extreme Programming (XP)This methodology shares some traits with the Agile methodology as it is also working on short cycle delivery of the projects. The cycles are organized and defined daily or weekly as per the requirements. It overall improves the quality of process and project and reduces the time. The aim of utilizing this method is to bring the client satisfaction which helps the sustainable growth of any organization.8.AdaptiveWell-understood by its name, the Adaptive methodology is a solution to the problems faced in traditional methodologies. It is hard to analyze all the requirements at the beginning of the project. As the project starts and comes into different phases, some of its requirement changes. Traditional approaches do not allow us to implement new changes in the midway of the project. The adaptive framework allows adopting as much as the changes continuously throughout the process.9.CrystalThis approach is a family of all approach which strongly focuses on the communication between team members to create the most optimized project solution. According to crystal methodology, team communication is a necessary aspect and one should follow it to focus on skill sets rather than tools. 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Good leaders are hard to find, but great project managers are rarer stillWhat a great saying! Well, it has its own worth acknowledging that to find a reliable, and successful project manager in the current era is like finding a true pearl inside the sea shell.IntroductionBeing a project manager is a specific kind of leadership position, which requires certain character traits and important qualities. If we ask you, do you have any general idea about a good project manager, a single point you can define them would be – they deliver projects within the deadline and budget set by the clients, meeting or not withstanding surpassing the desires of the partners, right?It’s not enough. Actually, it takes more to become a good and idol project manager to whom someone could admire. 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Moreover, they empower their team mates to experience the vision of their own and offer other the opportunity to create their own vision, to explore what the vision will mean to their jobs and their lives, as well as to envision their future as part of the vision of their organization.2.They are a Good CommunicatorAccording to Jada Pinkett Smith, a slogan of every good project manager is;“My belief is that communication is the best way to create strong relationships”Another strong trait that distinguishes a good project manager from others is, their ability to communicate with people at all levels. Since, the project leadership calls for clear communication about responsibility, goals, performance, expectations, and feedback – a good project manager can be said a complete package comprising all these important qualities.The pioneer must be able to successfully arrange and utilize influence when it’s important to guarantee the accomplishment of group and venture. How it comes about gainful? Successful correspondence brings about group accomplishments by making express rules for professional success of cable car individuals.3.IntegrityOne of the most important things any project manager should always keep in their mind is, it takes their actions to set a particular modus operandi for a team, rather than their words. A good management demands commitment and demonstration of ethical practices.The leadership or project management depends on integrity represents set of values, dedication to honesty, and consistency in behaviors with team mates. Integrity is that a good project manager takes responsibility for setting the high bar for ethical behaviors for oneself, as well as reward those who exemplify these practices. Leadership motivated by self-interest does not serve the wellbeing of a team.4.They Possess Leadership SkillsIf you want to become a successful project manager, you ought to own good leadership skills. 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It has an Earned Value Module (EVM) that the tool itself interprets to suggest and help the project manager to manage the projects.Among its features are the management of documents, conversations, reports, planning, portfolio management, and has complete management of roles and permissions for each project. It works as a social network, in which the user must register to be invited to projects.The most interesting is in their price plans. Its free version has no limit of users, projects or time. Almost all its functionalities are unlocked.GanttProjectIt is a free and multiplatform desktop application for programming and project management. It is very similar to Microsoft Project. It is a tool that includes Gantt diagrams and the assignment of people in the project. One of the particularities of this application is that it automatically generates a PERT diagram and a diagram of people assigned to each activity.However, Gantt Project has limited functionality and is not the best application for complex projects. Although PERT graphics do, depending on the complexity of the project, it can be too confusing for the user.GanttProject does not offer features such as cost accounting, message service or document control.TaskJugglerTaskJuggler is powerful, free, and specialized in the edition of Gantt diagrams. Task Juggler must be downloaded and installed and covers all aspects of the development of a project, from the first idea to its end. It supports elaborate financial management.The tool works with simple dependencies in the Gantt diagrams, creates a list of tasks, generates complete reports and reports the status of tasks automatically However, the extensive functionality of TaskJuggler has an ineffective user interface, based on Excel aesthetics. The user faces complex learning.It is a free application and works on Linus, Unix, Windows, and MacOS platforms.CollabtiveCollabtive offers good usability and easy management. It measures the time devoted to tasks, issues reports in PDF and Excel format, and has several plugins to extend its functions. It allows the user to carry out extensive management of milestones, projects and tasks. It also has a simple permission control and offers instant chat tools, as well as offline communication. It offers the possibility of allocating hours and contains an internal document management system.RedboothIt is a complete tool capable of managing projects and tasks. Its specialty is to manage communication among the members of each team, for which it offers its tools to chat, call and even make video conferences. It is adapted for mobile and also has a desktop version.The functionalities for planning activities allow the manual generation of very intuitive and visual Gantt diagrams, making the planning more enjoyable. However, it is limited to simple dependencies between activities. This tool is perfect for companies that organize projects in collaborative workspaces, being able to combine tasks, files, and comments. JiraThis is a software based on Scrum methodologies. With an agile and highly customizable approach, it is aimed at being an incident manager.It allows defining and following workflows predefined by the user, making it very useful for managing actions and the quality of tasks.One drawback is that you cannot change the objectives or requirements of the current iteration. Therefore, it is recommended for projects of short duration, where the probability of changes, once the iteration has started is minimal.Like most incidents management tools, its interface is less friendly and intuitive than others, and its great adaptability requires an initial learning curve. WrikeIt is an intuitive and visual tool. It is adapted for mobile, and one of its main purposes is to organize the work process and allow companies to prioritize the most important activities.Wrike allows the creation of Gantts and workload diagrams among the members of the team and has a quite extensive business social network.It is a very perceptive and easy to use application and it is ideal for collaborative environments.These are the various project management basic tools.
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9 Tools of Project Management for Beginners

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