Information Seminar On PMP Certification (

Transcription

1 Information Seminar On PMP Certification (

2 Change Agents Projects change the world, and project management professionals are the change agents. This is one profession where life is never dull and where demand for skilled practitioners is high. Projects are proliferating globally and it s projected that, over the next decade, organizations of all sizes and types will need nearly 88 million people working in project management roles.* (Source: Project Management Salary Survey-10 th Edition

3 Do Projects Fail? 31.1% of Projects cancelled prior to completion 52.7% Cost 189% of estimate Only 16.2% of Projects completed on-time & on-budget 72% of IT Projects come in late, over budget, or not at all 87% of failed Projects exceeded Schedule > 30% 56% of failed Projects exceed budget > 30% 45% of failed Projects failed to produce expected benefits (Source: PMI) 3 2/17/2019

4 What is a Failed Project? Three Goals for any project: 1. Cost 2. Schedule 3. Quality (Incorporates features and scope) Failure to meet any of the above goals would be considered as a failed project namely: a) Cost Overrun b) Schedule Overrun c) Bad quality product 4 2/17/2019

5 Why Projects Fail? Top 3 Reasons for Project Failure Poor Planning or Poor Project Management (77%) Change in Business Goals During Project (75%) Lack of Business Management Support (73%) KPMG Study 3 Most Common Reasons for Project Failures Poor Project Planning Weak Business Cause Lack of Top Management Involvement and Support The Plan is nothing; the Planning is everything. Dwight D. Eisenhower

6 Project Vs Operations Organizations perform work which can be categorized either as project or operations. Consider the following points shared by projects and operations: 1. Both involve employees 2. Both typically have limited resources: people, money, or both. 3. Both are hopefully designed, executed, and managed by someone in charge Project and operations differ in that : 1. Operations are ongoing and repetitive, projects are temporary and unique. 2. Objective of operations is to sustain the business while the purpose of a project is to achieve its objective and terminate. 3. The initial design of the airplane is the project the business of manufacturing it, supporting sold units, and marketing the product constitutes the ongoing operations part of business. Finishing Skills 6 2/17/2019

7 Most Valuable IT Certifications 7

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9 About PMP The Project Management Professional (PMP) is the most important industryrecognized certification for project managers. You can find PMPs leading projects in nearly every country and, unlike other certifications that focus on a particular geography or domain, the PMP is truly global. As a PMP, you can work in virtually any industry, with any methodology and in any location. The PMP also increases your earning potential. PMP certification holders earn 23 percent more than their non-certified peers according to the Project Management Salary Survey Tenth Edition. Employers benefit as well. When more than one-third of their project managers are PMP-certified, organizations complete more of their projects on time, on budget and meeting original goals. (Pulse of the Profession study, PMI, 2015.) The PMP signifies that you speak and understand the global language of project management and connects you to a community of professionals, organizations and experts worldwide. Become a PMP and become a project hero. 9

10 PMP Advantage Source: Project Management Salary Survey-10 th Edition

11 PMP Eligibility Requirements 1. High school diploma, associate s degree or global equivalent 2. Minimum five years/60 months unique non-overlapping professional project management experience during which at least 7,500 hours were spent leading and directing project tasks* contact hours of formal education OR 1. Bachelor s degree or global equivalent 2. Minimum three years/36 months unique non-overlapping professional project management experience during which at least 4,500 hours were spent leading and directing project tasks* contact hours of formal education PMP Examination 11

12 Benefits of PMI Credential 12

13 Win-Win Situation Stakeholder Benefit 1 Benefit 2 Professional Performing Organization Customer Other Stakeholders Career Advancement Meet Project Objectives (Scope, Time, Cost, Quality) Meet Project Objectives (Scope, Time, Cost, Quality) Expedite Project Benefits Higher Earnings Client Confidence 13

14 PMP Work in Following Industries Infrastructure Development Agencies Telecommunications Information Technology Manufacturing Consulting Engineering India GDP$2.948 trillion (nominal; 2018 est)[3] $ trillion (PPP; 2018 est)[3]gdp rank5th (nominal) 3rd (PPP) (Source: Wikipedia) 14

15 Workshop Content s (35 hrs) Introduction to PMP Certification Introduction to Project Management The Project Management Context Project Management Processes Mock Exam Project Integration Management Develop Project Charter Develop Project Management Plan Direct and Manage Project Execution Monitor and Control Project Work Perform Integrated Change Control Close Project Mock Exam Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope Mock Exam Project Time Management Plan Schedule Management Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Mock Exam 15

16 Workshop Content s (35hrs) Project Cost Management Plan Cost Management Estimate Costs Determine Budget Control Costs Mock Exam Project Quality Management Plan Quality Management Perform Quality Assurance Perform Quality Control Mock Exam Project Human Resource Management Plan Human Resource Plan Acquire Project Team Develop Project Team Manage Project Team Mock Exam Project Communications Management Plan Communications Management Manage Communications Control Communications Mock Exam Project Risk Management Plan Risk Management Identify Risks Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Responses Control Risks Mock Exam Project Procurement Management Plan Procurements Conduct Procurements Control Procurements Close Procurements Mock Exam Project Stakeholder Management Identify Stakeholders Plan Stakeholder Management Manage Stakeholder Engagement Control Stakeholder Engagement Mock Exam 16

17 Program objectives PMI Perspective on Project Management Focus on clearing PMP Exam Sufficient Depth in each Process Attempt Mock questions Understand terms useful for PMP Examination 17

18 Sample Questions Q A cost performance index (CPI) of.93 means 1) The project is getting 93 cents for every dollar invested 2) The project is progressing at 93 percent of rate orignally planned 3) Project is behind budget 4) Project is behind schedule 18

19 Sample Questions Q A cost performance index (CPI) of.93 means 1) The project is getting 93 cents for every dollar invested 2) The project is progressing at 93 percent of rate orignally planned 3) Project is behind budget 4) Project is behind schedule 19

20 Be Aware The PMP exam tests knowledge, application and analysis PMP exam deals with real world use of project management. It contains about 75% situational questions where What would you do in this situation? Only about 12 questions require you to MEMORIZE the inputs or outputs from the PMBOK Guide 8-10 formula related questions earned value questions in exams and all do not require formulas Most Students feel uncertain about only 40 questions Most students need 2.5 hour to finish the Exam. PMP Examination 20

21 PMP Questions Situational Questions : These questions require you to have been there. Q. You receive information that a major item you are purchasing for a project will be delayed. What is the BEST thing to do? A. Ignore it. B. Notify supervisor C. Let the customer know about it and talk over options D. Meet with the team and identify alternatives PMP Examination 21

22 PMP Questions 1. An accepted deadline for a project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize? A. Additional resources using the contingency fund B. Escalation approval to use contingency funding C. Team overtime to meet schedule D. Corrective action based on causes PMP Examination 22

23 Trainer Profile (Sunil Meshram) Industry Experience Ericsson Global India Services Mastek, UK NIIT Ltd, China UNDP, Delhi Rose International, USA ISG Software, Delhi Professional Certification Certified PMP from PMI, USA Certified CSM from Scrum Alliance, USA Certified ITIL V3.0 Foundation from QAI India ISTQB Certified Foundation Tester from Indian Testing Board MCTS Certified on Ms-Project Server / Client Six Sigma Green Belt from KPMG Professional Qualification B.E from University of Delhi 1995 PGDBM from Institute of Management Science & Productivity Research-2000 PhD, AIMA-AMU (Pursuing)-2019 Major Projects Undertaken Ministry of Textiles CPWD Ericsson Aviva Life Insurance NTPC DCSI, Bhutan 23

24 Offerings Course Duration Benefits Basics of Project Management 8-16 hours Focus on few Knowledge Areas Like Scope, Cost, Risk and Stakeholder PMP Preparation 35 hours Clear direction to clear PMP Examination MS-Project 16 hours Schedule Preparation, Cost Estimation, Tracking Progress 24

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