Sam Sena, PMP ISACA Bermuda Chapter
Understanding Project Management◦ Simple definitions
◦ The Value of Project Management
PMP – Project Management Professional◦ Benefits & Costs
◦ Eligibility
◦ Exams
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
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
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
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)
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
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
Introduction to PMI
The PMP certification
Benefits of Certification
PMP Certification eligibility
PMP examination overview
Renewal requirements
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
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
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
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 (1st year) $129
Membership $119
Computer-based testing $555
Member CBT $405
Renewal Fee $150
Online application allows you to track your experience◦ Month count can’t have overlapping projects◦ Hours count includes any hours
Educational Background
Project Management Experience
Project Management Education
High school diploma, associates degree, or global equivalent
Minimum 5 years/60 months unique non-overlapping professional experience during which at least 7,500 hours spent leading and directing project tasks
35 contact hours of formal education
OR
Bachelor’s degree or global equivalent
Minimum 3 years/36 months unique non-overlapping professional project management experience during which at least 4,500 hours spent leading & directing project tasks
35 contact hours of formal education
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
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
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
Understanding Project Management
PMP – Project Management Professional
Benefits & Costs
Eligibility
Exams