Know about project management

PMP Certification Most popular project management certification: PMP the project management professional certification exam from PMI the project management institute is most popular among project managers. As an aspirant aiming to learn project management concepts PMP credential is most sought after in market and the PMBOK standard is widely accepted. Hence, PMP credential is the crown among project manager aspirants. There are equivalent diploma, certification programs from many different organizations, However, PMP stands apart and always holds onto its lead position Let us see why PMP is most popular and widely accepted among project manager community? PMP exam is a rigorous process that attempts to validate the quality of candidate starting from application process. PMP exam application process validates the experience, educational qualification, expertise of candidates appearing for PMP exam to make sure they are competent to handle multi-million dollar projects upon completion of exam and acquiring PMP credential. This indirectly demonstrates the competency of candidates holding PMP credential PMP exam successful application filling approval : PMP (Project Management Professional) is a certification from www.pmi.org. PMI (Project Management Institute) offers this famous project management certification as a multiple-choice exam that lasts for four hours. There are 200 questions in total out of which 25 questions are not considered for grading. But PMI doesn't explicitly specify those questions.It is considered one of the toughest certification exams. PMI has certain eligibility requirements before taking the exam: 1) The candidate must be a bachelors degree holder with 4500hours of project management experience 2) If the candidate is not a degree holder, 7500 hours of project management experience is needed 3) Candidate is supposed to have completed 35 hours of PDU (Professional Data Units). PDU is offered upon finishing a course on project management. Note: Kindly check the www.pmi.org website to confirm the eligibility requirements. After meeting the above mentioned credential, the candidate is supposed to fill the application. It may take 3 to 5 business days for the application to get approved. On receipt of approval the candidate can go ahead and pay the fees. The approval is valid for 1 year and the candidate can take exam in this one year duration. A candidate can make maximum 3 attempts in one year. There is a chance that the application may be audited in which case the candidate will be asked to submit documents to support the details provided in the PMP application form. It may take 1 to 3 months for the application to get approved after the audit. On completion of audit , the application is approved or rejected. If approved the candidate can appear for the examination within one year. Project Project Manager Responsibilities : A person vested with the responsibility of PM has to perform the following: 1. Set Objectives 2. Establish plans 3. Organize resources 4. Provide Staffing 5. Set up controls 6. Issue Directives 7. Motivate personnel 8. Apply innovation for alternative actions 9. Remain flexible A project is a Temporary endeavor undertaken to create a unique result (Ex: Product, Service, objective) Has a definite beginning and end Outcome can be tangible or intangible Example: To construct a building can be classified as an example of a project Programs Programs are Collection of subprograms, projects or work managed in a coherent fashion in support of a portfolio Subprograms, projects or work may or may not be interdependent Example: To construct a railway that passes through many states can be considered as a program where building railway tracks in each individual state can be considered as a project Portfolios Portfolios are Collection of programs, sub portfolios, projects or work managed in a coherent fashion to achieve a strategic business objective Subprograms, projects or work may or may not be interdependent Example: A railway portfolio can be a series of railway initiative that is undertaken as a program, project in a coordinated effect to have a good railway system as a  strategic objective Project Management Application of knowledge, skills, tools and techniques to meet project requirements Accomplished through application and integration of 47 project management processes in a logical manner 47 project management processes is organized into 5 process groups as follows Initiating Planning Executing Monitoring and Controlling Closing Project Management includes a project management plan which is an iterative process done throughout the project Unique advantage of PMP certification : PMP the project Management professional certifications it is popularly called is the most prestigious project management certification credential offered by PMI the Project Management Institute There are many credentials including Masters Degree Program in Project mnagement offered by many universities. So, what is the necessity to obtain PMP certification? The reason is simple. PMI based out of USA is a trusted consortium that has been in successful operation ever since past decade. PMI offers following certifications catered at different skill level 1) CAPM - The associate level project management program 2) PMP - Project Management Professional - Offers professional level credential to individuals completing the exam 3) PMI-RMP - Specialization in project risk management 4) PMI-SP - Essential for scheduling of project PMP as the name stands for is a rigorous certification program tht demands 1) completion of bachelors degree 2) Completion of 3years [on an average] of professional project experience 3) Completion of 35 hours of PDU 4) Successful completion and selection of application 5) On top of it successful completion of rigorous online exam that offers PMP title So, what is unique advantage of PMP credential? Sponsored by an consortium from USA - This directly and indirectly adds weight age to the profile Not so easy to crack - Need proper guidance and training efforts that come in form of 35 hours PDU Crown to your project management experience - Not everyone can crack it. This needs diligent effort and preparation along with 35 hours of PDU Project Management Plan is the crucial document needed for proper execution and control of a project. Integration management knowledge area briefs the steps needed to create a project management plan. Project management plan is a document composed of many sub-plans. The subsidiary plans included in project management plan includes scope management plan, time management plan, quality management plan, human resources management plan, communication management plan, risk management plan, procurement management plan