What is it and why is it important?

Presented byLou Bergner: PMP, MBASenior Consultant, MAX

“Great instructor! I would take any class that Lou offered!”Laura, IT professional with global contract research organization.

October 7, 2015

Welcome to

Upcoming Webinars forProject Managers & Business Analysts

“Class was interactive and that kept my attention to learn more.”Michele, Business Analyst with property casualty insurance group

10/13Preparing for the PMI Professional in BA ExamLaura Paton

10/21How Business Analysts Provide Value in Today’s WorkLou Bergner

10/29Managing a Project with Your TeamLaura Gray

E x p e r t I n s t r u c t i o n i n L e a d i n g T e c h n o l o g i e s

“MaxTrain is still my favorite training provider.”David, Project Manager with non-profit hospital system

About MAX

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“Thank you! Staff at MAX is outstanding!”Jason, Business Analyst with IT infrastructure provider

Housekeeping

About our speaker

“Lou’s the man!”Cory, Business Analyst with international insurance group.

Lou Bergner, PMP, MBASenior Consultant

Lou brings over 25years of project management and business analysis consulting and training expertise in multiple industries from banking to manufacturing and in both profit and non-profit sectors. Lou’s extensive background includes working with organizations around the world to provide best practices expertise. As a Project Management Professional, Lou has an MBA and blends a manager’s perspective with his PM skills. He combines these strengths with his understanding of technology to support clients improve processes.

Triple ConstraintA PM Webinar

prepared by

LB Associates

• Project Management Professional Certification Exam (PMP)

• Triple Constraint

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Agenda

APPLICATION FOR THE PMP CERTIFICATION EXAM

9

– Bachelors degree – 4500 hours of project management experience experience – in last 8 years

• Spread over at least 36 months

• Some experience in each process group

– High School diploma – 7500 hours of project management experience experience – in last 8 years

• Spread over at least 60 months

• Some experience in each process group

10

Education and Experience

• Initiation

• Planning

• Execution

• Monitoring and Controlling

• Closing

11

Process Groups

• 35 Contact hours or project management training

12

Project Management Training

• PMI members– Exam $405

– Membership $125

– Local Chapter membership $ 25 – optional

– TOTAL $555

• Non-members

– Exam $555

13

Cost

• Certification period – 3 years

• Continuing professional development

– 60 Professional Development Units (PDUs) every 3 years

• Education

• Work

• Contribution to the profession

14

Maintaining PMP Certification

TRIPLE CONSTRAINT

15

• Lack of senior management support

• Poor scope definition

• Lack of user participation

• Failure to use formal risk management

16

Major Causes of Project Failure

Standish Group – 2009 CHAOS Report Summary

TRIPLE CONSTRAINT

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StakeholderExpectations

• Project – a temporary endeavor undertaken to create a unique product, service, or result

• Constraint – a limiting factor that affects the execution of a project, program, portfolio, or process

• Assumption – a factor that in the planning process is considered to be true, real, or certain, without proof or demonstration

*PMBOK, 5th edition, Glossary

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Definitions

• You can have it fast, cheap or good… pick two

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Triple Constraint

SCOPE

TIME COSTSTAKEHOLDEREXPECTATIONS

• Changes to any element of the triple constraint requires changes in one or more of the others

• For example – increasing the scope requires an increase in cost and/or time

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Change Requests and Tradeoffs

• Hierarchical list of project deliverables

• Ultimate definition of project scope

• Use only nouns

• If it is not on the WBS it is not happening

21

SCOPE:Work Breakdown Structure (WBS)

0 Car

1 Chassis

1.1 Rails

1.2 Cross members

1.3 Mounts

2 Engine

2.1 Block

2.2 Radiator

2.3 Starter

2.4 Valves

3 Drive Train

3.1 Transmission

3.2 Camshaft

3.3 Axles

3.4 Gears

4 Interior

4.1Seats

4.2 Controls

4.2.1Steering wheel

4.2.2 Door & window

hardware

4.2.3 Dashboard

4.3 Decor

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WBS – Org Chart Format

0 Car

1 Chassis

1.1 Rails

1.2 Cross members

1.3 Mounts

2 Engine

2.1 Block

2.2 Radiator

2.3 Starter

2.4 Valves

3 Drive Train

3.1 Transmission

3.2 Camshaft

3.3 Axles

3.4 Gears

4 Interior

4.1Seats

4.2 Controls

4.2.1Steering wheel

4.2.2 Door & window

hardware

4.2.3 Dashboard

4.3 Decor

WBS – the starting point

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Adding Activities and Resources1

Chassis

1.1Rails

1.1.1Fabricate

rails

1.1.2AssembleChassis

1.2Cross

Members

1.2.1Fabricate

rails

1.3Motor

Mounts

1.3.1Fabricatemotor

mounts

1.3.2Assemblechassis

1.3.3Paint

Chassis

24

25

Building the Schedule

start

Fabricate Rails

Fabricate Rails (cross mbrs)

Fabricate Motor Mounts

Assemble Chassis Paint Chassis end

Calculating The Budget1

Chassis

1.1Rails

1.1.1Fabricate

rails

1.1.2AssembleChassis

1.2Cross

Members

1.2.1Fabricate

rails

1.3Motor

Mounts

1.3.1Fabricatemotor

mounts

1.3.2Assemblechassis

1.3.3Paint

Chassis

26

$ $ $ $ $ $ $ $

• Triple Constraint– Scope – WBS– Time – Schedule– Cost – Budget

27

Wrap-up

“MAX leads the way!”Ben, IT Professional with regional technology provider.

Business Professional Training

Professional Skills Agile / Scrum ITIL - ITSM Leadership Project Management Process Management Business Analysis & Solutions Business Writing Microsoft Solutions Framework Train The Trainer

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Cecily, Project Manager with regional university.

Professional Skills Certifications PMP Certification Program BA Certification Program ITSM Certification Program

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Related Courses of Interest DateStrategic Business Analysis Oct. 15Tools for Conducting Effective Meetings Oct. 16Effective Project Management Oct. 22-23PMI Professional in Business Analysis (PMI-PBA®) Nov. 9-10PMP Exam Prep Course Nov. 16-20Planning and Managing Agile Projects Dec. 2-4Managing a Project with Your Team Dec. 3-4Requirements Elicitation Dec. 14-15Use Case Workshop Dec. 16-17Microsoft Project 2010 and 2013 all Levels Oct. – Dec.

Direct Courses of Interest DateProject Time Management Oct. 26-27Project Cost Management Oct. 28-29Project Risk Management Nov 9 - 10

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