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PMP® – Project Management Professional

PMP® – Project Management Professional is a credential managed by Project Management Institute, USA (PMI)®. PMP® is globally recognized certification which demonstrates one’s competency to lead, direct and manage projects across any domain. PMP® certification helps the individuals to increase the marketability of their profiles to the employers and to stand-out from the crowd and in maximizing the earning potential of the individuals. The training and certification is based on a Guide to the Project Management Body of Knowledge, (PMBOK® Guide 6th edition)

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PMP® – Project Management Professional

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  1. PMI® Project Management Professional (PMP)®Workshop PMI, PMP, PMBOK & PMI Talent Triangle are registered marksof Project Management Institute,Inc.

  2. About Project Management Professional(PMP)® 2 © 2018 ExcelR Solutions. All RightsReserved

  3. To become a better project manager as the best practices have been included procured from myriad project managers across theglobe. • Increases the success rate of your project as you become more organized. • Minimizing resource utilization and making a • project cost effective. • Changes how others look yourabilities. • To keep your job, promoted or get ajob. • Hike in your current salary (Help you to getahead) WhyPMP®? 3 © 2018 ExcelR Solutions. All RightsReserved

  4. Exam EligibilityRequirement • After paying the examination fee online, PMI® will send an authorizationletter • Exam must be taken within one year of receiving the authorizationletter • PMI may randomly choose to send your application forauditing • You need to contact a prometric center to schedule a date for theexam 4 © 2018 ExcelR Solutions. All RightsReserved

  5.  Total 4 Hoursduration •  Out of 200, 25 are considered as pre-test questions (zero • marks) and only 175 are scored for the examresult •  Grading system is followed to arrive at the result Pass or Fail. Result is based on the individual grades on each processgroup. •  Gradesare • Belowproficient • Proficient • ModeratelyProficient • There is no negativemarking. ExaminationPattern 5 © 2018 ExcelR Solutions. All RightsReserved

  6. Distribution of Q’s across ProcessGroups Note: This % of distribution might vary as required byPMI®. 6 © 2018 ExcelR Solutions. All RightsReserved

  7. Introduction to ProjectManagement 7 © 2018 ExcelR Solutions. All RightsReserved

  8. What is aProject? • A project is a temporary endeavour undertaken to create a unique • product, service orresult • Projects drive change, enable business value creation and have an initiationcontext • A project cancreate: • A product that can be either a component of another item or an end item initself, • A capability to perform a serviceor, • A result such as an outcome ordocument. What is aProject? © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute, Inc., 2017, Page4-6 8

  9. Project Management exists in a broader context governedby: • ProgramManagement • PortfolioManagement • Organizational project management (OPM) andstrategies • ProgramManagement: • It is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. It focuses on project interdependencies and optimal approach for managingthem. • Programs and projects deliverresults • Forexample, • New aircraft manufacturing program has multiple related projects. Project A – manufacture cockpit; Project B – manufacture fuselage; Project C – manufacture turbine engineetc. Programs &Portfolio © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute, Inc., 2017, Page14 9

  10. PortfolioManagement: • It refers to a collection of projects or programs (may not be necessarily related or interdependent) and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. • Portfolios make valuedecisions • Forexample, • Aircraft manufacturer may have business lines such as domestic aircraft manufacturing, international aircraft manufacturing, warfare aircraft manufacturingetc. • Note: Organizational Project Management (OPM) - Integrates project, program and portfolio management with organizational enablers to achieve strategic objectives. In other words, do the right projects and allocate of resources forthem Programs &Portfolio © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute, Inc., 2017, Page 15-16 10

  11. Itistheapplicationofknowledge,skills,toolsandtechniquestoprojectItistheapplicationofknowledge,skills,toolsandtechniquestoproject • activities, • Using the 49 processes and 5 process groups i.e. Initiating, Planning, Executing, Monitoring & Controlling and Closing with appropriate application and integration, project management can beaccomplished. What is ProjectManagement? 11 © 2018 ExcelR Solutions. All RightsReserved

  12. Scope Quality Schedule Budget Resources Risk ProjectConstraints 12 © 2018 ExcelR Solutions. All RightsReserved

  13. Operations are an organizational function performing the ongoing execution of activities that produce the same product or provide a repetitiveservice • Value is realized inoperations • Examples: Manufacturing, Production operationsetc… • Though temporary in nature Projects can help achieve the organization goals when they are aligned with the organization’sstrategy. Project VsOperations 13 © 2018 ExcelR Solutions. All RightsReserved

  14. Project life cycle - A collection of sequentially (typical – and sometimes overlapping) project phases determined by management and needs of the organization • Phase – A number of relatedactivities resulting indeliverable(s) • Types of project lifecycle: • Predictive • Adaptive(Agile) • Characteristics of the project lifecycle: • Starting theproject • Organizing andpreparing • Carrying out projectwork • Closing theproject Project LifeCycle 14 © 2018 ExcelR Solutions. AllRightsReserved Project Management Institute, A Guide to the Project Management Body of Knowledge,(PMBOK® Guide)- Sixth Edition, Project Management Institute, Inc., 2017, Page 18,19 & Fig 1-2 Page548

  15. Development life cycles – Those phases of the project lifecycle where product developmenthappens • Types of development lifecycle • Predictive(waterfall) • Iterative • Incremental • Adaptive(Agile) • Hybrid (mix of predictive andadaptive) • Phase gate – Aphase-end review with a decision to • Continue to next phase as is or withmodification • Remain in the same phase or repeat some of the phasework • End theproject Development Life Cycle & PhaseGate 15 © 2018 ExcelR Solutions. All RightsReserved Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute, Inc., 2017, Page19,21

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