Project Management Change vs. Risk

Project Management Change vs. Risk

FAQs
Change and Risk are similar in the sense that they both deal with uncertainty. In other words, they are both unknowns, which may or may not occur, and they can both have negative and positive impacts on a project. So how do we distinguish them? In the simplest of terms, “risks” can and usually are identified at the beginning of a project, as well as throughout the project, as soon as any potential new risks are identified. However, “change” is unanticipated and, therefore, poses its own unique set of challenges. Whereas a risk, which you identified early in the project cycle, can be addressed through some sort of strategic response (mitigation, transfer, etc.) and monitored through pre-determined triggers, a “change” will occur spontaneously and needs to be addressed as quickly…
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TAKING THE PMP IN 2017

TAKING THE PMP IN 2017

FAQs
2017 will likely be the last full year you will be able to take the PMP Exam using the PMBOK 5th Edition. The 6th edition is expected out towards the end of the year, which means that the exam will change accordingly; especially since there are considerable changes in this latest version, such as: A new chapter titled “The Role of the Project Manager” Taking into account Agile Environments when running a project Inputs-Tools and Techniques-Outputs (ITTO) tables will be modified Tools and Techniques will be grouped in a different manner Three new processes will be added: Manage Project Knowledge, Control Resources, Implement Risk Responses The process Close Procurements will be deleted And more! Although studies have shown that taking the exam between one (1) and two (2) months after…
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Hints for Passing the PMP Exam

Hints for Passing the PMP Exam

FAQs
How much time should I spend studying for the exam? Which books should I read in order to prepare for the exam? Do I need to memorize all the ITTOs? If these questions sound familiar it is because everyone has the same concerns regarding taking the exam. Also, there are tons of blogs and online social media groups discussing all the possible configurations for studying for the exam. However, there is such a thing as overkill when it comes to preparing for the exam. My advice, after running countless PMP Exam workshops, is to follow these steps in this order: Schedule the exam preparation process, which includes the following: Preliminary studying. See item 2 below. Dates for the PMP exam preparation workshop. Post-workshop studying timeframe. Usually, no more than 1…
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How to start a Project Management Office (PMO) in your organization

How to start a Project Management Office (PMO) in your organization

FAQs
As you probably know, there are a lot of articles, white papers, and blogs about how to set up a PMO. You have probably been thinking of setting one up for months or even years, but you can’t find the time or are concerned about the cost to your organization, the resistance you might get from the board of directors and/or the staff. Sound familiar? That’s because most organizations, if not all, go through the same decision-making process. What I recommend you do first is ask yourself these simple questions: Do you feel like you keep reinventing the wheel each time you start a new project and or project/process? Do you think you have the processes, guidelines, templates, etc. needed to start and run a project, but you just don’t…
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What are the TOP 3 skills you need to be a successful PMP?

FAQs
What does it take to become a successful project management professional PMP? A lot! First of all there are the prerequisites - Four-year degree 4,500 hours leading and directing projects - about 2 years full time managing projects. 35 hours of project management education That's the baseline to establish credibility in the project management field.  It demonstrates that you have the hands on experience required of a project management professional. What are the TOP 3 skills you need to be a successful PMP? In addition to the prerequisites mentioned above, these skills are important to have a successful career in project management. Experience - The ability to look at a proposed project and understand what needs to be addressed in the scope. Project scope is the part of project planning that involves…
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How should I prepare for the PMP exam?

FAQs
We get this question all the time.  Are there any short cuts? One magical Online PMP Training Course to cut through all the PMBOK knowledge in an afternoon?  Sadly, the answer is no. The exam is quite extensive - The certification exam has 200 multiple-choice questions, and you have four hours to complete it. In the past, 61% was published by PMI as the passing score for the PMP. Now, there is no set number - You need to score at least "Moderately Proficient" in all 6 domains in order to pass the exam. How should I prepare for the PMP exam? "Moderately Proficient" means you need to have a good working knowledge of all the different areas covered Project Management Body of knowledge "PMBOK." A Guide to the Project…
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PMP Eligibility Requirements

FAQs
According to the 9th edition of PMI’s Project Management Salary Survey 2015, which polled over 26,000 project managers from 34 different countries, the median salary for a Project Management Practitioner in Germany was 78.000 € ($87,245 USD). "Certifications such as PMI’s globally-recognized Project Management Professional (PMP)® provide a significant advantage when it comes to salary and earning potential. Among survey respondents,those with a PMP certification garner a higher salary (20% higher on average)than those without a PMP certification." PMP Eligibility Requirements In order to apply to take the PMP exam you are required to have attained a certain amount of experience leading and directing projects: 60 months (7,500 hours) of experience if you have an associate’s degree, and 36 months (4,500 hours) of experience if you have a bachelor’s degree.…
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