Sam Sena, PMPISACA Bermuda Chapter

Understanding Project Management◦ Simple definitions

◦ The Value of Project Management

PMP – Project Management Professional◦ Benefits & Costs

◦ Eligibility

◦ Exams

Definition: “A temporary endeavor undertaken to create a unique product, service or result.” - PMI

Characteristics:Temporary

Definite beginning and end

Create unique product or service

Have an objective that indicates completion

Progressive elaboration

Definition:◦ “The application of knowledge, skills, tools, and

techniques to project activities to meet project requirements.”

A guide to the Project Management Body of Knowledge (PMBOK), PMI

Organizations need a formal approach to:◦ Align Projects with Company Strategy

◦ Address the risks associated with temporary endeavors

◦ Manage changes to a stable environment

◦ Ensure that stakeholder requirements are being met

*Schwalbe, Kathy. Information Technology Project Management, 3rd Edition, 2004

Serve to assist project managers and their teams in various aspects of project management

Examples of Tools:◦ Business cases, project charters, scope statements, and work

breakdown structures (scope management)

◦ Gantt charts, network diagrams, critical path analysis, critical chain scheduling (time management)

◦ Cost estimates, project portfolio management, and earned value management (cost management)

Higher quality and increased reliability

Better internal coordination

Lower costs

Better control of resources (material, human and financial)

Enhance productivity and morale

Improved customer relations

Agreement on general benefits

Improved project performance/results

ROI of project management

PM maturity levels

Competitive advantage

“Price is what you pay. Value is what you get.”Warren Buffet

Introduction to PMI

The PMP certification

Benefits of Certification

PMP Certification eligibility

PMP examination overview

Renewal requirements

Leading membership association for the project management profession

Only global certification

260,000 members in over 171 countries

Offers certification, networking, and community involvement opportunities

Considered by many as “gold-standard” of global project management certification

Certified have demonstrated tools required to competently practice project management:◦ Knowledge

◦ Experience

◦ Leadership Skills

Recognizes your expertise in Project Management

Better Salary◦ Average starting salary $90,000

◦ Salaries of certified Project Managers are 20% more than those with similar experience level

Better Job Opportunities◦ Requirement to be qualified has been growing

exponentially

◦ There are 20% more jobs available

Networking with other PMP’s

Directed toward career enhancement

Locked into Project Management track◦ Continue to show documented leading of projects

◦ Renewal fee every 3 years

High cost

Exam Administration Type

Dollars

Membership (1st year) $129

Membership $119

Computer-based testing $555

Member CBT $405

Renewal Fee $150

Online application allows you to track your experience◦ Month count can’t have overlapping projects◦ Hours count includes any hours

Educational Background

Project Management Experience

Project Management Education

High school diploma, associates degree, or global equivalent

Minimum 5 years/60 months unique non-overlapping professional experience during which at least 7,500 hours spent leading and directing project tasks

35 contact hours of formal education

OR

Bachelor’s degree or global equivalent

Minimum 3 years/36 months unique non-overlapping professional project management experience during which at least 4,500 hours spent leading & directing project tasks

35 contact hours of formal education

4 hours for 200 questions

25 questions considered pre-test◦ Do not affect score

◦ Used as way to test validity of future exam questions

All questions randomly placed

To maintain certification:◦ Demonstrate ongoing professional commitment to field

◦ Satisfying the Continuing Certification Requirements Program

Earn and report at least 60 Professional Development Units during each 3-year CCR cycle.◦ Typically one PDU is earned per hour spent in a planned and

structured learning activity.

Complete the Application for Certification Renewal and return it to PMI, along with the renewal fee

The CCR program has identified five categories in which PMP credential holders can earn PDUs:◦ Formal academic education◦ Professional activities and self directed learning◦ Education programs offered by PMI Registered Education

Providers or PMI components◦ Educational programs offered by other providers◦ Volunteer service to professional or community organization

A document called ____________ is created by decomposing the project scope into smaller, more manageable elements.◦ Scope Statement

◦ Network Logic Diagram

◦ Work Breakdown Structure

◦ Requested Change

Understanding Project Management

PMP – Project Management Professional

Benefits & Costs

Eligibility

Exams

University of Wisconsin

Kathy Schwalbe, Ph.D, PMP

Food and Agricultural Organization (UN-FAO)

Pmi.org

Gantt-chart.biz

project-management-basics.com