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- Exam: PMP Project Management Professional
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The Project Management Professional (PMP) certification is a globally recognized benchmark for advancing a career in project management. This is a professional-level certificate that recognizes your ability to serve in the role of a project manager, tasked with leading and directing teams and projects.
PMP Certification for Career in Project Management
The PMI PMP certification ensures that an individual gets advanced-level skills in managing and leading projects. The PMP was ranked by the CIO magazine as one of the best certificates in the field, and for a good reason. The path to attaining it is quite simple because it requires candidates to pass only one exam.
PMP Certification Requirements
To be eligible for the PMP exam, applicants must fulfill several requirements. There are two options of how to do it:
- Having 3 years of experience in leading projects as well as a 4-year degree with at least 35 hours of thematic education;
- Having 5 years of working background in the industry along with an associate degree and 35 hours of training in project management;
- One more requirement is to pay a registration fee that is $405 for members and $555 for non-members.
PMP Exam Audience
The PMP certification can be taken by candidates who fulfill the certification requirements as already mentioned above. While the training is well suited to IT specialists across major industries, it remains an excellent choice for the following groups:
- Project Managers;
- Project Coordinators/Supervisors for the Project Management Office (PMO);
- Team Leaders.
Main Test Details
Candidates will be given four hours to manage 200 questions (25 of them are not scored). It is to be mentioned that during the official exam, you’ll be allowed to take a 10-minute break. The specific score that you should gain to get a pass status is not disclosed since the results will be defined by the psychometric analysis and may vary. As of now, this test is available online.
PMP Exam Domains
The content of the PMI PMP exam includes five domains that cover all the five crucial stages of managing projects. These are listed below together with the percentage showing the weight of each topic:
- Initiation (13%);
- Planning (24%);
- Executing (31%);
- Controlling and Monitoring (25%);
- Closing (7%).
Skills Verified by PMP
The PMP certificate validates one’s proficiency in all the areas and aspects of managing projects. Therefore, the range of skills proved by the PMP test is extensive. They include the following:
- Skills in analytics and strategic management;
- Cost management and budgeting techniques and tools;
- Human resource planning;
- Quality management;
- Knowledge of processes for continuous improvement;
- Risk identification and response;
- Close-out procedures.
What’s more, the PMP program improves one’s cross-cutting skills such as decision-making, emotional intelligence, brainstorming, leadership tools, and team-building techniques among the rest.
PMI PMP Content Outline
The initiation phase of the project encompasses a total of 8 tasks including the following:
- Performing project assessment based on the existing lessons and information obtained from the previous projects;
- Identifying the major deliverables depending on the business needs;
- Completing stakeholder analysis using the right tools and techniques to support projects;
- Participating in the development of the project charter, which involves analyzing and compiling the existing information to ensure project stakeholders approve its elements;
- Getting project charter approval for the sponsor to enact the authority dedicated to the project;
- Performing benefit analysis with the stakeholders to verify project alignment with the business strategies;
- Informing the stakeholders of the accepted project charter to create a common understanding of the key deliverables, milestones, and their responsibilities.
Project planning involves a series of activities aimed at supporting a project throughout its lifecycle. Some of the tasks you will be expected to perform here include:
- Reviewing and assessing detailed project constraints, assumptions, and requirements with stakeholders depending on the project charter;
- Designing scope management & cost management plans;
- Creating the project schedule;
- Developing human resource management as well as communication management plans;
- Designing the procurement management, quality management & change management plans;
- Planning for risk management by designing a special plan;
- Presenting the project management plan to relevant stakeholders;
- Conducting kick-off meeting communicating the commencement of the project, key milestones, and other critical information;
- Developing the stakeholder management plan.
The execution phase carries the most weight on the PMP certification exam and addresses the skills as follows:
- Acquiring and managing project resources by adhering to the human resource and procurement management plans;
- Managing task execution based on the project management plan; Implementing the quality management plan using the right tools and techniques;
- Putting into operation the approved changes and corrective actions by adhering to the change management plan;
- Managing the flow of information by sticking with the stakeholder management plan;
- Maintaining stakeholder relationships by adhering to the communication management plan.
Monitoring and Controlling
The monitoring and controlling section will cover 7 key tasks as listed below:
- Measuring project management performance using the right tools and techniques;
- Managing project changes by following the details of the change management plan;
- Confirming if the project deliverables follow the quality standards as highlighted in the quality management plan;
- Monitoring and assessing risks;
- Capturing, analyzing, and managing the lessons learned using the lessons management techniques;
- Controlling procurement activities by following the procurement plan.
This is the last stage of a project lifecycle that, as you remember, will contribute to about 7% of the actual exam content. It gives cutting-edge knowledge of the following skills:
- Obtaining the concluding acceptance of the project deliverables from the sponsors and stakeholders to prove that the project scope was achieved;
- Transferring the ownership of the deliverables to the right stakeholders as detailed by the project plan;
- Preparing and sharing the final project report;
- Collating lessons documented throughout a project lifecycle and performing a thorough review to update a company’s knowledge base;
- Archiving project documents and materials using conventional practices;
- Getting feedback from the relevant stakeholders using the right tools and techniques.
Career Opportunities & Pay for PMP Certified Individuals
The PMP certification opens numerous doors in project management. Certified professionals can get a job as a senior project manager, technical project manager, director of operations, and others. When it comes to compensation, PMI states that PMP accredited individuals have 25% higher salaries in the US compared to non-certified specialists. The average pay for PMP professionals is about $107k annually, according to PayScale.com.
The PMP certificate is one of the recommendations for the PMI PgMP certification (Program Management Professional) qualification and can replace the needed 48 hours of training. Also, with the PMP, it will be easier to earn other PMI certificates that cover Business Analysis, Portfolio Management, Risk Management, and Scheduling. Also, you should note that the PMP certification is valid for three years and one should renew it after this period. To do it, you can earn 60 PDUs by participating in training, volunteering, and proving experience achievements.
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