Project Management - Author: Robert Banks

Robert S. Banks, MBA, PMP

April 3, 2010

Objective

Provide attendees with a clear purpose and path for Project Management Professional Certification

Why?How?

Agenda

Definitions Why Become a PM Professional (PMP) How to Become Certified How Do You Stay Certified Questions

Definitions Project – a temporary endeavor

undertaken to create a unique product, service or result (PMBoK)

Project Management – the application of knowledge, skills, tools and techniques to project activities to meet project requirements

Certification – obtaining a certificate that attests to the truth of an event or some statement

Certifications

ITIL – Information Technology Infrastructure Library

CIA – Certified Internal Auditor

CISSP – Certified Information Systems Security Professional

CCNP – Cisco Certified Network Professional

MCSD - Microsoft Certified Software Developer

CFA – Certified Financial Planner

CPA – Certified Public Accountant

Industry Certifications• Aviation• Construction• Healthcare• Business & Finance• Technology

PMI Top 10 Reasons

1. Show your commitment to the project management profession

2. Recognize your knowledge, skills and abilities

3. Reflect achievement4. Can lead to greater earnings5. Can lead to career opportunities and

advancement

PMI Credentials…

PMI Top 10 Reasons

6. Prepare you for greater job responsibilities

7. Improve skills and knowledge

8. Build self confidence

9. Allow for greater recognition from peers

10. Enhance the profession

PMI Credentials…

InformationWeek MagazineSurvey Result – Feb. 2010

Management Base Pay w/ Certification

Staff Base Pay w/ Certification

Staff Base Pay w/o Certification

Management Base Pay w/o Certification

What Do Local PMP’s Say?#1 “I became a PMP to effectively manage the various projects

assigned to me. I stay certified because the test was a killer. “ Jennifer M.

#5 “I became a PMP because this credential is highly regarded in the business community and will set me apart from other candidates. I am staying certified because it was a very difficult test…not to mention all the great stuff you learn while meeting the certification criteria.” Colleen M.

#3 “…this certification would help solidify my project management skills… “ Missy N.

#2 “My main reason for becoming a PMP was to learn a better, more structured approach to managing projects. …better equip me with tools and techniques…to manage the chaos..” Thomas H.

#4 “…it makes you more marketable since more and more employers are requiring PMP certification when applying. I have gotten more consideration because of having my PMP…” Joe E.

#6 “…to become more efficient and effective by learning and using industry accepted methodology and processes… I am staying certified to further my career and to continue learning as a PM.” Mike E.

What are Your Reasons?

1. ________________________________

2. ________________________________

3. ________________________________

PMP Eligibility RequirementsEducational Background

PM Experience PM Education

H.S. Diploma, Associate Degree, or Global Equivalent

Minimum 5 years/60 months, and 7,500 hours of PM experience

35 contact hours of formal education

or

Bachelor’s Degree or Global Equivalent

Minimum 3 years/36 months, and 4,500 hours of PM experience

35 contact hours of formal education

Key Steps to Certification

The Application Checklist Formal Name Valid Email Address Document Education Document Professional Experience Document 35 Contact Hours of PM

Training Affirm – Read/Understand

Policies/Procedures Affirm – True and Accurate Information

provided Make Payment - $405/$555

Applying Online

Documenting Project Experience

Exercise: Identifying Project Work1. Daily cash reconciliation

a) Projectb) Not a project

2. Planning a family reunion in Arubaa) Projectb) Not a project

3. Implementing Windows 7 on all company PC’s

a) Project b) Not a project

Exercise: Identifying Project Work4. Organizing the company’s annual picnic


5. Developing and producing the monthly financial reports Jan-Dec


6. Developing a start-up company’s business plan

a) Project b) Not a project

Exercise: Start Documenting Your PM Experience (1) Take 5 minutes and write down samples of

your past work experiences that fall into the “project” categoryTitle: State the Objective:

Document Your Role:

Start Date: End Date:Verification Contact Info:

Exercise: Start Documenting Your PM Experience (2) Take 5 minutes and write down samples of

your past work experiences that fall into the “project” categoryTitle: State the Objective:

Document Your Role:

Start Date: End Date:Verification Contact Info:

35 Contact Hours

Training Providers PMI Registered Education Providers

(R.E.P.’s) PMI Components Organizations Employee/Company-sponsored

Programs Training Companies & Consultants Distance-learning Companies University/Colleges Academic and

Continuing Education Programs

PM Knowledge Areas

Triple Constraints

Scope Cost

Time

PMP Examination Information

Number of Scored Questions 175

Number of Pretest (Unscored Questions)

25

Total Examination Questions 200

Allotted Examination Time = 4 Hours

Exam Blueprint

Domain Percentage of Questions

Initiation 11%

Planning 23%

Executing 27%

Monitoring & Controlling 21%

Closing 9%

Professional & Social Responsibility

9%

Exam Results

Overall Pass/Fail Score Assignment of one of the 3 Proficiency

levels to each Domain:ProficientModerately ProficientBelow Proficient

Sample Question #1

1. A document that formally recognizes the existence of a project is a:A. Gantt Chart

B. WBS

C. Project Charter

D. Scope Statement

Sample Question #2

2. Which type of contract provides the least amount of risk for the buyer?A. Firm Fixed Price

B. Fixed Price Incentive

C. Cost Plus Incentive Fee

D. Cost Plus Fixed Fee

Sample Question #3

3. If the EV for a project is $30,000, the AC is $33,000, and the PV is $25,000, what is the cost variance?A. $3,000

B. - $3,000

C. $5,000

D. - $5,000

Sample Question #4

4. If a project team goes from three to five people, how many more communications channels are there?A. 7

B. 6

C. 5

D. 4

Sample Question #55. One of your senior technical specialists informs you a major

design flaw exists in a systems development project you are managing. You are already testing the system and planned to roll it out to more than 5,000 users in a month. You know that changing the design now will cause several costs and schedule overruns. As project manager, what should you do first?A. Issue a stop work order until you understand the extent of

the project.B. Notify your project sponsor immediately to see if there are

additional funds available to work on this problem.C. Notify your senior management and let them decide what to

do.D. Hold a meeting as soon as possible with key members of

your project team to discuss possible solutions to the problem.

After Passing the Exam

Certificate PackageCongratulatory LetterCredential Certificate

○ Credential NumberInformation for Maintaining Credential

○ Renewal Date

Maintaining Certification

Professional Development Units

Professional Development Units

Category Description PDU’s

1 Formal academic education No maximum

2 Author, Speaker, Teacher on project management topics

5 - 40

3 Training from PMI Registered Training Partners

No maximum

4 PM content – Other Provider (per each hour)

1

5 Officer of PM OrganizationCommittee Member of a PM OrganizationCommunity/Charity PM Work

1 - 20

Must attain 60 PDU’s during the Certification Cycle – 3 years

Sample Ways to Attain PDU’s

Category Description PDU’s Earned

Code of Conduct Vision & Purpose

Doing what is right and honorableHigh standardsInstill confidence in the professionHelp an individual to become a better

practitioner Persons to Whom the Code Applies

All PMI MembersAll PMP’s and those seeking the PMP Non-PMI Members volunteering for PMI

Code of Conduct

Standards of Conduct (Aspirational/Mandatory)

ResponsibilityRespectFairnessHonesty

Quick Review

What’s project? How many PM hours do you need to

document on your application? How many questions on the exam? How many training hours do you need? Name a way to get your PDU’s Name a standard in the Code of

Professional Conduct

Agenda

Definitions Why Become a PM Professional (PMP) How to Become Certified How Do You Stay Certified Questions

Backup Slides

Project Management - Author: Robert Banks

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