Project Management Professional
PMP Certificate Background
The Project Management Institute is the world recognized organization for setting standard for Project Management practices.
The organization starting offering the exams & certifications senses 1984
The exam consists of 200 questions
Only 175 questions are scored & you must answer 141 of those questions correctly
The exam is not based on memorization of the material but on how you applying the principal on a given situation.
The PMP® credential recognizes demonstrated knowledge and skill in leading and directing project teams and in delivering project results within the constraints of schedule, budget and resources.
PMP Knowledge Areas
Human Resource Management
The Value of Project Management
Allows for excellent organization and tracking
Better control and use of resources
Reduces complexity of inter-related tasks
Allows measurement of outcome versus plans
Early identification of problems and quick correction
Different between project & operations
Projects are temporary in nature & have definitive start & end dates.
Projects exist to deliver a product, service or result that didn’t exist before.
Operations are on-going & repetitive effort, work is continuous (i.e. No End Date)
Stakeholders are people, organizations or groups with a vested interest in a project & its results
Stakeholders may be actively involved with the project work or may simply have something to gain or lose from the project.
It’s not unusual for Stakeholders to have a conflict interest.
Stakeholders may be external or internal to the organization.
Bring together a set of tools & techniques to describe, organize & monitor the work of project activities
It involves applying knowledge, skills & techniques during the course of the project to accomplish the project requirements.
Project management including the intention of a project, planning it, executing the plans & measuring the progress & the performance of the project work.
Project Managers are responsible for managing the project process & applying those tools & techniques
Program Management involves centrally managing & coordinating groups of related projects to meet the objective of the program.
These groups of related projects are managed using the same techniques.
Benefits are gained through this coordination of projects that would not be gained if managed individually.
These projects may be executed at the same time or dependencies may exist that require they be executed sequentially.
This also achieves an economy of scale as all the projects would adhere to the same processes & standards.
Overview of a General Attributes
Collection of programs & projects that meet a specific business goal or objective.
Projects or even Programs in Portfolios can be very different and have no specific relationship to each other.
Projects are evaluated for their values against the portfolio's strategic objectives.
Some portfolio managers are responsible for ensuring that projects adhere to the original objectives & monitoring resources usages.
Project Management Offices
PMO function depends on the Company, Some Companies place a high degree of importance on the authorizations & control of projects that PMO can track & maintain Other may just want the PMO to set standards for the organizations & to archive project documentation.
In a projectized organization the project Manager(s) may report into the PMO.
In a functional organization may only publish standers
PMs are typically generalists, but naturally they different according their technically skilled filed.
PMs are Microcosm of a small business owner who needs to know many things about running a business.
Areas of general skill may include: accounting, strategic planning, personal administration, communication, leadership & supervision.
One of the most important attribute in the project manager is the communication skill
An Individual who can break down a complicated issue & write it up for a stakeholders review & consideration is one step closer to a successful project than someone who can’t.
Verbal skills for conducting meeting for running the project from day to day are also important.
It’s Very important that when a meeting has finished everyone have the same understanding of what was said.
Organization & Planning Skills
Organization & Planning Skills are also a key to a project Manager Success.
All project documentation/communication must be organized and integrated into the project; information must be easily retrieved for unexpected request.
Time Management & Planning skills are closely related to good organization.
Many times project managers estimate project cost & mange them throughout the project.
This could involves Vendor or material cost in addition to the typical resources cost of a project.
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Thank yo so much for sharing n PMP notes
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