Project Management Professional (PMP) certification is offered by the Project Management Institute (http://www.pmi.org) as a credential to ensure the abilities and expertise of a person claiming project management experience. The certification process is quite rigorous and requires both training and practical, documented experience in project management. The applicant must also pass a multiple choice exam. Without both experience and training, it is impossible to pass the exam. The test is demanding, covering every aspect of project management from identifying alternatives through closure and archiving, and requires diligent study to pass.
However, anyone thinking about a career in project management would do well to consider the PMP certification. In some industries and companies, it is difficult to secure a project management position without PMP certification. Many employers insist upon the credential because it guarantees a certain level of proficiency in an otherwise unknown candidate. The PMI credential speaks for itself; the applicant has either passed the test or he has not. Furthermore, a certified project manager is required to complete ongoing training requirements to retain the certification, speaking to the commitment of the individual to continuing professional development.
In addition, PMP certification establishes a common methodology and terminology for managing projects that will be consistent across the entire organization. This in itself presents an efficiency that is gained as team members become sensitized to concepts such as the triple constraint (schedule, budget and scope) and risk management. The entire organization beomes empowered to develop a discipline with respect to projects. Further efficiencies are realized through the lessons learned process, an integral aspect of the PMI methodology.
There are other benefits for the certified project manager besides opening doors to employment. While many project managers may feel that experience is the best teacher, the ongoing training requirement exposes an individual to new ideas and challenges him to consider new situations. With the normal demands of the workplace and other responsibilities, the training requirement ensures the project manager will give attention to professional development, remain current and even advance his skill set. This allows the project manager to accept projects of increasing complexity, which in turn will command a higher salary grade.
A project manager consultant has essentially the same functions of a Project Manager, except that he's not a permanent employee in the company.PM consultants usually avoid politics in the company, and are focused on delivering value.
PMI-RMP, which stands for Risk Management Professional, is a certification offered by the Project Management Institute. This certification validates expertise in the management of project risks. It is designed for professionals who specialize in identifying, analyzing, and mitigating risks to enhance project success. Advanced knowledge in risk strategy, stakeholder engagement, risk process facilitation, and monitoring is emphasized in this certification. For more details, please visit our website www(dot)icertglobal(dot)com & apply our coupon code: LIVE10 to get instant 10% discount.
You will be able to deal with projects in a logical manner. You will understand the framework for your project.
Improved risk management Optimized technical performance Consistent outcome Controlled scope changes
Improved customer satisfaction Increased team morale Improved accountability
In the procuring activity, the project manager is typically tasked with executing the procurement and implementing Earned Value Management (EVM). This individual oversees the procurement process, ensuring that the project stays within budget and on schedule by tracking performance against planned metrics. Additionally, the project manager collaborates with various stakeholders to ensure effective integration of EVM practices into project management.
In Agile methodologies, a project manager plays a facilitative role, guiding the team through iterative development cycles and ensuring collaboration and communication. Unlike traditional project management approaches that focus on detailed planning and strict timelines, Agile project managers prioritize adaptability, responding to change quickly, and delivering value incrementally.
A project manager uses the Cost Performance Index (CPI) as a key performance metric to assess the financial efficiency of a project. By comparing the earned value (EV) of the work completed to the actual costs (AC), the CPI helps determine if the project is on budget; a CPI greater than 1 indicates good performance, while a CPI less than 1 signals cost overruns. This information guides decision-making and helps the project manager implement corrective actions as needed to keep the project on track financially.
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Alan Webb has written: 'The project manager's guide to handling risk' -- subject(s): Project management, Risk management 'Using Earned Value' 'Project management for successful product innovation' -- subject(s): Management, Project management, Technological innovations
A project manager can ensure accurate budgeting and cost estimation by thoroughly analyzing project requirements, obtaining quotes from multiple vendors, and comparing them to determine the most cost-effective option. For example, if a project requires purchasing equipment, the project manager can request quotes from different suppliers, evaluate the specifications and prices, and select the vendor offering the best value for money. This approach helps in accurately estimating costs and staying within the budget.
SAFe Product Owner/Product Manager Certification is designed for professionals who want to lead Agile teams and drive the development of successful products in a Scaled Agile Framework (SAFe) environment. This certification program equips candidates with the necessary skills and knowledge to manage product development, create product vision, and optimize the value of the product.