Sam Sena, PMP ISACA Bermuda Chapter

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1 Sam Sena, PMP ISACA Bermuda Chapter

2 Understanding Project Management Simple definitions The Value of Project Management PMP Project Management Professional Benefits & Costs Eligibility Exams

3 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

4 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

5 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

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

7 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)

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11 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

12 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

13 Introduction to PMI The PMP certification Benefits of Certification PMP Certification eligibility PMP examination overview Renewal requirements

14 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

15 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

16 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

17 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 (1 st year) $129 Membership $119 Computer-based testing $555 Member CBT $405 Renewal Fee $150

18 Educational Background High school diploma, associates degree, or global equivalent Project Management Experience Minimum 5 years/60 months unique nonoverlapping professional experience during which at least 7,500 hours spent leading and directing project tasks OR Project Management Education 35 contact hours of formal education Bachelor s degree or global equivalent Minimum 3 years/36 months unique nonoverlapping professional project management experience during which at least 4,500 hours spent leading & directing project tasks Online application allows you to track your experience Month count can t have overlapping projects Hours count includes any hours 35 contact hours of formal education

19 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

20 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

21 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

22 Understanding Project Management PMP Project Management Professional Benefits & Costs Eligibility Exams

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24 University of Wisconsin Kathy Schwalbe, Ph.D, PMP Food and Agricultural Organization (UN-FAO) Pmi.org Gantt-chart.biz project-management-basics.com

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