PMP : Change is Coming - Know how it affects you

PMP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.

Edureka is a Global Registered Education Provider (R.E.P ID : 4021) from Project Management Institute (PMI).

ID: 4021

PMP : THE CHANGE IS COMING – KNOW HOW IT AFFECTS YOU

http://www.edureka.co/pmp

Agenda® Introduction to Introduction to PMI® , PMP® , Project and Project

Management

® What is the eligibility criteria for PMP®?

® What is the Current Format of PMP and what is going to

change?

® Changes in PMBOK Guide

® Exam dates & Participation

® Myths about PMP® exam?

® How much time is needed to prepare for PMP® exam?

® Q & A

PMP®,, ACP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.PRINCE2® is registered trademarks of AXELOS


® Project Management Institute (PMI®) is a not-for-profit

association

® Established in 1969

® Global organization Headquartered in Pennsylvania USA

® Over 450,000 members worldwide (over 171 countries)

® PMI® is actively engaged in advocacy for the profession, setting

professional standards, conducting research and providing

access to a wealth of information and resources

® PMI® also promotes career and professional development and

offers certification, networking and community involvement

opportunities

About PMI®

PMP®,, ACP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.


Project Management - Today


“A project is a temporary endeavor undertaken to create a unique product service or result.”

Temporary Endeavor:

With a beginning and an end

Not an on-going effort

Unique Output

Progressive Elaboration The incremental design and refinement of the initial concept toward the project plan

Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) - Fifth Edition, Project Management Institute, Inc., 2013, Page 3

Project


Project Management also needs generic

management skills and professional ethics

“Project Management is the combination of knowledge, skills, tools and techniques applied to project activities to meet the project requirements.”

Project requirement

s

Project Management


Triple Constraints of Project Management

Project Manager has to balance the competing factors (included but not limited to) like Scope Schedule and Cost along with Quality

It is the project manager‘s duty to balance and achieve these three often-competing goals.

Scop

e Time

Cost

Quality

Achieve goals


What has Changed – For Upcoming Exam

The five domains of practice for the PMP remain the same. The tasks within each domain have been modified, added, or removed.

• Initiating the Project– 3 tasks added – task 2, task 7, task 8

• Planning the Project– 1 task added – task 13

• Executing the Project– 2 tasks added – task 6, task 7

• Monitoring and controlling the project– 2 tasks added – task 6, task 7

• Closing the project– No new tasks added


Initiating the Project

Task Number Description

2 Identify key deliverables based on the business requirements in order to manage customer expectations and direct the

achievement of project goals. 7 Conduct benefit analysis with relevant stakeholders to validate

project alignment with organizational strategy and expected business value.

8 Inform stakeholders of the approved project charter to ensure common understanding of the key deliverables, milestones, and

their roles and responsibilities.


Planning the Project


13 Develop the stakeholder management plan by analyzing needs, interests, and potential impact in order to effectively manage

stakeholders' expectations and engage them in project decisions.


Executing the Project


6 Manage the flow of information by following the communications plan in order to keep stakeholders engaged and

informed. 7 Maintain stakeholder relationships by following the stakeholder

management plan in order to receive continued support and manage expectations.


Monitoring & Controlling the Project


6 Capture, analyze, and manage lessons learned, using lessons learned management techniques in order to enable continuous

improvement. 7 Monitor procurement activities according to the procurement

plan in order to verify compliance with project objectives.


Current Format of PMP & Changes

The Current Format is basically divided into 5 Domain as shown in the table below with an expected date of 2nd November 2015.

Domain Current Format % Expected Change

Initiation 13% 13%

Planning 24% 24%

Executing 30% 31%

Monitoring & Controlling

25% 25%

Closing 8% 7%


Changes in PMBOK Guide

• The 6th Edition of the PMBOK Guide is expected to release on 1st Quarter 2017

• The Cut-over date for Exam with current set of announced changes is 2nd November 2015

• Last date participants will be able to take the exam based on 5th edition of PMBOK guide is 1st Quarter in 2017


PMP® Certification

® Project Management

Professional

(PMP)® credential is the most

important industry-

recognized certification for

project managers

® PMP ® credential demonstrates

that the professional has the

experience, education and

competency to lead and direct

projects

Certification

provides industry

wide recognition

® Increases marketability to

employers and higher salary® Globally recognized

and demanded

PMP® Certification



Educational Background PM Experience PM Education

® High School Diploma

® Associate’s Degree or

® Global Equivalent

® 60+Months

® 7,500 +Hours® 35 Contact Hours

® Bachelor’s Degree or

® Global Equivalent

® 36+ Months

® 4,500+ Hours® 35 Contact Hours

Project duration must not overlap

Experience in projects during last 8 years

20% of applications are picked up for random audit

Designation during the specified project management work does not

matter

Prerequisites


® Computer based exam conducted in Prometric centers

® 200 multiple-choice questions – mixed randomly across process groups to be answered in 4 Hrs

® Out of 200 questions, 175 are for final marking and remaining 25 are “pre-test” questions

® There is no negative marking in the exam

® The examination is developed by groups of individuals from around the globe who hold the PMP® credential

® After clearing the exam, you will get the result immediately and the PMP® certificate by mail within 2 months. Examination scores are confidential

PMP®

Examination Pattern

PMP® Examination Pattern



Ideal Preparation Time

Become PMI Member

Submit Application

Schedule Exam

Application Formalities1-3 Weeks

Attend the PMP Exam

Prep Training

Application Approval

Continue Study

2-3 Weeks

Continue Study / Mock Test2-3 Weeks

T – 1 DayRelax!!!

Take the Exam & Clear it!!Ideal Time Gap

Between Training and Exam

6 – 8 WeeksPMP

Certification Renewal

Renewal Cycle

Every 3 Years

24 x 7 Assistance from edureka!

Online Virtual

Training by edureka!

Application and audit assistance from edureka!

Personalized guidance by SME from edureka!

More than 1000 mock questions by

edureka!

Assistance in earning PDUs byedureka!


Myths about PMP® Exam® Aspirants need 35 PDUs to apply for the PMP® exam

» Contact hours are required to apply for the PMP® exam and PDUs are required to maintain the PMP® credential once you clear the PMP® exam

» The minimum score needed to pass is determined by the overall difficultly of your individual exam

® Passing score for PMP® exam is 61%» There is no documented set marks or percentages to pass the PMP® exam» From November 2005 onwards, PMI® stopped publishing the passing percentage and adopted

psychometric analysis to calculate the passing score hence this assumption is not valid anymore

® You must memorize the Inputs, Tools & Techniques, and Outputs (ITTOs)» There are more than 500 ITTOs in The PMBOK® Guide and to the key is to fully understand the

concepts of each process not the memorization of the ITTOs» Most of the questions relate to how or why a specific ITTO is used in a process and

memorization will be of no use to you when answering those types of questions



® LIVE and Interactive Online Classes

® Flexibility to re-attend or re-schedule the class

® Lifetime Access to the Class Recordings in Learning Management System (LMS)

® 5 Full Length Mock Tests (Over 1000 Mock Questions) and Module Wise Quizzes

® 24x7 on – Demand Technical Support

® Post Course Support

® 35 Contact Hours Certificate

® Assistance in Filling the Application Form

How it works with edureka!

Hundred’s of People trained

in PMP

PMP Success Ratio of 97%

More than 200K Learners Across the

Globe

Questions

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Course Url

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PMP : Change is Coming - Know how it affects you

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