PMP : Change is Coming - Know how it affects you
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The Presentation on PMP talks about PMP Exam Preparation in 2015
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PMP : Change is Coming - Know how it affects you
- 1. 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
- 2. Slide 2 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
- 3. Slide 3 http://www.edureka.co/pmp 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.
- 5. Slide 5 http://www.edureka.co/pmp “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
- 6. Slide 6 http://www.edureka.co/pmp 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 requirements Project Management
- 7. Slide 7 http://www.edureka.co/pmp 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. Achieve goals
- 8. Slide 8 http://www.edureka.co/pmp 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
- 9. Slide 9 http://www.edureka.co/pmp 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.
- 10. Slide 10 http://www.edureka.co/pmp Planning the Project Task Number Description 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.
- 11. Slide 11 http://www.edureka.co/pmp Executing the Project Task Number Description 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.
- 12. Slide 12 http://www.edureka.co/pmp Monitoring & Controlling the Project Task Number Description 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.
- 13. Slide 13 http://www.edureka.co/pmp 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%
- 14. Slide 14 http://www.edureka.co/pmp 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
- 15. Slide 17 http://www.edureka.co/pmp 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 PMP®,, ACP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.
- 16. Slide 18 http://www.edureka.co/pmp 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
- 17. Slide 19 http://www.edureka.co/pmp 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 PMP®,, ACP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.
- 18. Slide 20 http://www.edureka.co/pmp Ideal Preparation Time Become PMI Member Submit Application Schedule Exam Application Formalities 1-3 Weeks Attend the PMP Exam Prep Training Application Approval Continue Study 2-3 Weeks Continue Study / Mock Test 2-3 Weeks T – 1 Day Relax!!! Take the Exam & Clear it!!Ideal Time Gap Between Training and Exam 6 – 8 Weeks PMP 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 by edureka!
- 19. Slide 21 http://www.edureka.co/pmp 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 PMP®,, ACP® and PMBOK ® are registered trademarks of the Project Management Institute, Inc.
- 20. Slide 22 http://www.edureka.co/pmp 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
- 22. Slide 24 Course Url For any queries feel free to reach out to us at: sales@edureka.co