Project Management Professional also is known as PMP is a certification offered by Project Management Institute also known as PMI.
It is arguably the most recognized certificate in the field of project management Prinace2 is a competitor you can say. PMP is USA based while Prince2 is UK based certificate.
As per PMI survey, they claim that PMP certification holders get a higher salary (20% higher on average) than working colleagues without having PMP certification.
Being a PMP certified myself I can say it gives you confidence while presenting your case with other stakeholders and your resume always floats on top at job portals when looking for a change.
- 1 What are PMP Certification is Requirements?
- 2 PMP Certification Training
- 2.1 Work Breakdown Structure
- 2.2 Functional Organizational Structure
- 2.3 Estimation Techniques
- 2.4 Risk Management Process
- 2.5 Project Management Life Cycle
- 2.6 Triple Constraints of Project Management
- 2.7 Project Charter
- 2.8 Agile Methodology
- 2.9 S Curves in Project Management
- 2.10 Project Management Courses
- 2.11 Project Management Softwares
What are PMP Certification is Requirements?
There is a significant rise in PMP applicants in recent years that’s the reason for strict PMI requirement to sit in the exam.
If you have 4 years degree then 3 years Project management experience, 4500 hours experience in leading and directing the projects plus 35 PDUs (Professional Development Units).
On the other hands If you have secondary level qualification then 5 years Project management experience, 7500 hours experience in leading and directing the projects plus 35 PDUs (Professional Development Units).
Fill online application at PMI official website that is pmi.org after that wait for 5 working days. Once your application is approved then you have to pass the exam in one year. But you can pay a fee at any time within that year. It is not necessary to pay the fee on spot.
Please note, you may be asked for a PMI audit after fee submission. You have to clear the audit in 90 days. PMI randomly audits (5%) of overall applicants. In PMP audit you just have to send verified required documents like signed experience letters and degree, 35 PDU’s certificate, etc.
PMP application fee is 405$ for PMI members and 555$ for non-members. It is always advisable to get PMI membership that is worth 139$. You can have access to the PMI official resources like PMBOK and other webinars and much more.
Also, if someone gets failed in the first attempt then he/she have to pay 375$ in case of non-member and 275$ for a member in case of reappearing in the exam.
By the way, you can make three attempts only in a year, then you will be banned for one year and start from zero in next years after completion of the PMI ban.
Once you have paid the exam fee and quite confident in your preparation then you can schedule the exam at any Prometric center nearby.
PMP exam is online (also paper-based where the system is not available). Exam pattern is Multiple Choice Questions. Total of 200 questions you have to solve in four hours. You will receive your result as soon as you hit the complete button.
The certificate you will receive after clearing the exam is valid for 3 years. You have to earn and report 60 PDU’s in those three years. The renewal fee is 60$ & 150$ for member and non-member respectively.
Read More: What is PMP®
PMP Certification Training
Here, I have covered some important notes that will help the PMP aspirants. I used to prepare and read this kind of stuff during my own exam preparations. Here are a few topics
Work Breakdown Structure
Work breakdown structure is must to have in any projects. Here we divide a project in manageable chunks.
A WBS is a planning tool is used after the Project Charter is finalized. It is a hierarchical structure of overall project work. It is the same as Product Breakdown structure, Organization Breakdown Structure, Cost Breakdown Structure.
You can read here for more details Work Breakdown Structure with Example
Functional Organizational Structure
Functional Organization Structure is a hierarchical organizational structure in which people are grouped by areas of their specialization.
For example, a hierarchical structure is created based on ranking, a group of specialization must have the same set of skills and they are reported to one single manager.
You can read here for more details Functional Organization Structure
There are many project estimation techniques. Majors are stated below;
- Expert Judgement
- Analogous Estimation
- Parametric Estimation
- Three Point Estimation
- Bottom-up Estimation
- Group Decision / Data Analysis
- Decision Making
You can read here for more details Difference between Analogous and Parametric Estimation
Risk Management Process
Project risk management is unavoidable to any project nowadays to avoid a negative effect on the project objectives and to get maximum out of opportunities.
There are many Risk Analysis Techniques but e the two most common techniques used for risk analysis on any project
- Qualitative Risk Analysis
- Quantitative Risk Analysis
You can read here for more details Risk Analysis Process
Project Management Life Cycle
Project Life Cycle can be different for any given project while the Project Management Life Cycle is the same every on.
Most of PMP aspirants get confused with these terms when they are preparing for the exam. Project Life Cycle and Project Management Life Cycle are significantly different terms.
You can read here for more details Project Management Life Cycle
Triple Constraints of Project Management
Triple Constraint is a model of constraints of a project. These are areas where changes are typically introduced into a project. Balancing of these constraints through the change control process is the key to a successful project. All three constraints should be treated at equal importance. These three are the most significant attributes of a project.
You can read here for more details Triple Constraints of Project Management
A Project Charter is a high-level document that formally authorizes the beginning of a Project after a feasibility study is done.
To have a Project charter is considered as Industry best practice.
If you think that you are not doing Project Charter at your project, then you may be wrong as the term may be different at your end like you may be calling it SOW.
You can read here for more details Project Charter
According to PMI®, one of the major concepts of agile is to deliver “usable” outputs from each sprint, providing a return of investment to the organization and the customer.
A sprint is a time period when performance is appraised and a single project has several discrete periods. A sprint is usually allowed in one to four weeks.
You can read here for more details Agile Methodology
S Curves in Project Management
An S-Curve is one of the major tools used in Project Management that tracks project progress over time. It is a graphical representation that gives the required information in a flash.
You can read here for more details S Curves in Project Management
Project Management Courses
There are a number of institutions that offer online and campus-based project management courses.
You can find the write one in this blog: Project Management Courses
Project Management Softwares
There are a number of software available in the market. Like
- Primavera P6
- MS Project
- Asta Power Project
- Tilos, Etc.
But in this blog, I have covered Primavera P6 tutorials.
You can find the write one in this blog: Primavera P6
To be Continued!
One Small Request:
Being a Project Management guy, I know how little time we have to play around on the internet. But if you have found this information useful then please share it to your colleague so that more people can get benefit from it. If you have any question then comment below and I am glad to take it.