PMP Insights

Understanding and Accessing Project Risk

Understanding and Accessing Project Risk

Training
Risk is not the enemy! In most languages, the term “risk” carries a very negative connotation. In fact, clients often tell me, whenever I bring up this topic as it relates to their organization or projects, that the term “risk” makes them anxious and they would rather avoid talking about it. However, “risk” is not the problem. Avoiding discussing risks and addressing them is what can get you in deep trouble. First of all, “risk” is just uncertainty. It can be positive uncertainties (opportunities) or negative ones (threats.) Therefore, know that when you start identifying risks, there will be some nice surprises in there. A positive risk or opportunity might be, for example, getting more work later on from a new client, if you perform well for them in the…
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Developing a Project Management Office (PMO) is in itself a Project!

Developing a Project Management Office (PMO) is in itself a Project!

Resources
One of the more exciting parts of the work I do is helping my clients expand their businesses. Whether they buy out another company, open a new office across the country or overseas, or simply increase their staff due to client needs, they recognize the benefits of developing and implementing a PMO. And this “temporary endeavor” is, of course, a project, which needs to be approached as such. However, some of my clients sometimes chuckle when I tell them we need to start with a charter, and then continue with a project management plan. They see these tools as redundant for an internal PMO. The charter and PM Plan, they believe, is only necessary when running projects for their clients, but both of these documents are essential to be successful…
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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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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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La gestión de cambio basado en las expectativas de los interesados

La gestión de cambio basado en las expectativas de los interesados

Change Management
Muchos de los riesgos se pueden identificar de antemano. En cualquier caso, los riesgos El cambio es algo parecido al cambios pueden ser negativos riesgo porque ambos son incertidumbres, pero y los. El cambio normalmente se considera como algo negativo, porque la expectativa es que afectará el presupuesto o programa de trabajo. Normalmente la gestión de cambio se plantea independientemente de la gestión de interesados. La gestión de interesados debe incorporar cuales son los “puntos candentes” del cliente y otros interesados clave. Posteriormente los procedimientos y solicitudes de cambio deben incorporar estos “puntos candentes.” Los cambios que afectarán los puntos candentes requieren atención especial y deben involucrar a los interesados afectados. En la ponencia abordaré ejemplos donde la integración de las gestiones de cambio y de interesados faltó y hubieron…
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Understanding Start-Up Capital

Understanding Start-Up Capital

Finance for Non Financial Managers
You probably didn’t grow up dreaming of a career in accounting. But, I promise you if you don’t understand how the numbers work, you’re going to get yourself in trouble. What is the ROI of this project? If I increase my margins, what impact will it have on the bottom line? What is the break-even analysis for adding a new truck? If this all sounds like complicated financial speak, we are here to help. Many small business owners struggle because they aren’t comfortable analyzing and tracking their financials – there’s just not enough time in the day and there are too many other things to worry about. Anyone interested in building a stronger business needs to understand and use the information captured in financial statements.   Financial Literacy That’s where…
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CERTIFICATION TRAINING for Career Development

CERTIFICATION TRAINING for Career Development

Training
We all have painfully sat through courses where the instructor “teaches” by reading the slides. The slides are text-intensive, and while lots of information is potentially conveyed, the participants don’t engage. Shortly, they have checked out. Checking emails and texts. Your precious training budget wasted. In a digital world, it seems almost counterproductive to schedule a physical training session.  We are all busy and couldn’t our time be better spent than trotting off to some training. There must be a book or online tool that can meet these objectives at a fraction of the cost and time.   Why Online Training Fails Multitasking competes for our attention. According to Gloria Mark, professor of informatics at the University of California, Irvine, we are interrupted nearly every three minutes. Business books have surprisingly…
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Job Search Strategies Over 40

Job Search Strategies Over 40

Career Coaching
Due to changes in the global economy, many executives are finding themselves back in the job market.  Is job-seeking a young person's game? My answers are from my personal experience in Abu Dhabi. Yes, predominantly under 45. Above 45, those who have and are still being coached by me are not necessarily searching for new ''jobs''. They seek to find what they ''love'' or like to do or have been wanting to do all their lives.  Therefore, resulting in ''creating'' their job. By choice? My clients - yes, however, according to many other coaches, not necessarily by choice. Many who have either lost their jobs above the age of 45 tend to search for a job until they realize that they are not undoubtedly respected as they were when they…
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Word of Mouth Opens Doors

Word of Mouth Opens Doors

Career Coaching
I have a two-year-old and fortunately, I have a killer babysitter - who we love, as does my daughter. A friend of mine was looking for a sitter and I referred our sitter. My friend met with the babysitter and hired her for the summer. She didn't interview anyone else, she went with my referral and was equally impressed with how quickly her daughter took to the sitter. My friend was at work and was mentioning the new sitter and how the summer arrangement was working out so well.  A co-worker overheard and asked if she could hire the sitter for the month of September.  "Don't you want to meet her? my friend asked.  "No - I know you and know you would only be happy with her if she…
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What are the TOP 3 skills you need to be a successful PMP?

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 of 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…
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