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In Search of: The Project Management Professional Updated & Presented by: John Kos, PMP & Milt Jones, PMP With Credit to: Leah Zimmerman, PMP & Mary McNally, PMP

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  • In Search of: The Project Management ProfessionalUpdated & Presented by:John Kos, PMP& Milt Jones, PMP

    With Credit to:Leah Zimmerman, PMP &Mary McNally, PMP

    Having a PMP demonstrates a personal commitment to self-improvement and dedication to the profession

    PMP StatisticsThrough October 2006

    Total PMI members 217,800

    Total Active PMPs 202,514

    Rapid Growth of PMP Certification

    Combined

    7744495

    8413747

    88171257

    98042131

    120673395

    170584769

    250045294

    313336397

    4310110000

    5499818184

    7050027052

    84991.530681

    9948347242

    12098170869

    150000103295

    Total PMI Membership

    PMPs

    PMPs

    157

    266

    357

    495

    747

    1257

    2131

    3395

    4769

    5294

    6397

    10000

    18184

    27052

    30681

    47242

    70869

    103295

    160000

    202515

    Number

    Total PMPs

    Total PMI Membership

    7744

    8413

    8817

    9804

    12067

    17058

    25004

    31333

    43101

    54998

    70500

    84991.5

    99483

    120981

    150000

    200000

    Total PMI Membership

    Data

    YearTotal Year-End Membership% GrowthNew MembersTotal Number of PMPs

    1987157

    1988266

    1989357

    19907,744495

    19918,4138.64%669747

    19928,8174.80%4041,257

    19939,80411.19%9872,131

    199412,06723.08%2,2633,395

    199517,05841.36%4,9914,769

    199625,00446.58%7,9465,294

    199731,33325.31%6,3296,397

    199843,10137.56%11,76810,000

    199954,99827.60%11,89718,184

    200070,50028.19%15,50227,052

    200184,99220.56%14,49230,6812001:30681

    200299,48317.05%14,49247,2422002:47242

    2003120,98121.61%21,49870,8692003:70869

    2004150,00023.99%29,019103,2952004:103295

    2005200,00033.33%50,000160,0002005:160,000

    2006200,0000.00%0202,5152005:202,515

    1987157

    1988266

    1989357

    1990495

    1991747

    19921,257

    19932,131

    19943,395

    19954,769

    19965,294

    19976,397

    199810,000

    199918,184

    200027,052

    200130,681

    200247,242

    200370,869

    2004103,295

    2005160,000

    2006202,515

    Sheet2

    Sheet3

    Project Manager is in the top 10 IT positions for salary (2004 data)Consultants Avg income was $128,100 PM was the #2 best paying positionFull time employees Avg salary was $79,200 PM was #3 best paying position PMI Project Management Salary Survey fourth edition reports that on average, PMP credential holders command salaries that are 17 percent higher than their non-credentialed counterparts.

    What criteria are used to hire PMs?Good interpersonal skillsGood communication skillsGood technical skillsGood management skillsGood organizational skillsEducationExperiencePrevious experienceCertifications

    What criteria are used to promote PMs?ExperienceEducationPast performanceAdherence to budget, schedule and project requirementsExpertise with toolsGood people skills

    DifferentiationA Foote Partners study on the market value of nearly 150 technical skills and certifications revealed that: Certifications in PM security, and systems administration/engineering and network operating systems certifications remain fairly strong

    The highest-paying certification is the PMP

    Common Excuses for not pursuing the PMPPM is more about people skills than methodsIf my company wont support me with funding and time to study or a bonus, then why bother?Too expensive; too time consumingThe exam doesnt reflect real life PM skillsRequirements are too rigorousWhat good is it anyway?Good for company not individualsJust for government projectsPlan on staying with the same companyI already know it all and my system worksJust for the book smart not practical

    The PMP Certification SaysI am:AbleCapableTrainedInterestedUp-to-date

    The PMP offers external validation beyond experience

    PMP CertificationProves you have retained a certain level of knowledge about the Project Management professionCertifies that you have completed 35 contact hours of educationCertifies that you have the requisite level of PM-related experienceBut it does not, in and of itself, certify that you are a good project manager!That comes from practicing the profession, constant sharpening of your skills and moving to the next level of competency!PMP Certification: What it is and What it is not!

    Maturity Evaluation Model of a Project Management Organization/Process.PM OrganizationsLearning leads to Maturity

    PMP CertificationWhen you attain the PMP, you become part of an elite global community.

    But as you maintain the PMP, you continue to:expand your knowledge and skills andremain at the forefront of the profession. PMP Certification: What it is and What it is not!

    PMP CertificationIt is helpful to think of the PMP not as a project management credential, but as a project manager credential. .PMP credential holders perform a role, and the PMP credential helps identify your qualifications to perform that role.Eric Norman, PMP, member of PMIs Certification Governance Council and volunteer leader for PMI global standards projects (Practice Standard for Work Breakdown Structures)

    PMP Certification: What it is and What it is not!

    What is a P/M (or PMO) worth?Q: How to justify in terms of $$$?A: One way is to use expected value ($$ Value of outcome multiplied by Probability of that outcome)Example: Project = $10 MM total economic benefit (ref: Dec 2000 PM Network article crediting an Ibbs & Kwack 1997 study)Functional structure probability of success: 34.0%Functionally dominated matrix prob success: 34.4%Balanced matrix probability of success: 55.9%Project-dominated matrix prob success: 70.7%Full Project structure probability of success: 71.4%PMO value = (.714 - .34) X $ 10 MM = $ 3,740,000This slide ought to tell you something else important:Increased PM authority increases the projects chances for success!

    What is a P/M (or PMO) worth..#2?Q: Other methods of justifying PM/PMO?A: Use the results of a survey by Crawford & Pennypacker (PMI Symposium 2001, Future of Project Management track). Note that these authors dont like the traditional (Ibbs & Kwack, 1997) ROI justification.Noted improvement with PM implementation:Project/process execution:50%Financial Performance 54%Customer satisfaction:36%Employee satisfaction:30%

    Just remember this axiom:

    The most successful Project Management initiatives have repeatedly and demonstrably been shown to be those that are most nearly in alignment with Corporate goals and initiatives and almost always result from active executive sponsorship.

    Proof of the Pudding:Just a few examples of companies and organizations that have implemented and encouraged PMI/PMP accreditation programs (or are Global Corporate Council Partners with PMI) are:Bollinger ShipyardsSAICEntergyBAE Systems Bank of AmericaBooz Allen Hamilton Inc. Boston University Capital One Deloitte (London, UK) Huawei Technologies Co., Ltd. (Shenzhen, China) IBMICF Consulting Group, Inc. International Institute for Learning, Inc.

    Proof of the Pudding:Further examples of companies and organizations that have implemented and encouraged PMI/PMP accreditation programs (or are Global Corporate Council Partners with PMI) are:Lockheed Martin Microsoft (Required as part of Microsoft College)NokiaOregon, State ofPriceWaterhouseCoopers SAP (Waldorf, Germany) Siemens (Munich, Germany) Southern Company Washington Government GroupVarious U.S. Government and Military agenciesUS Army Corps of EngineersUS Department of Defense - Defense Acquisition University US Department of Energy - Office of Construction & Engineering Management Office of Personnel ManagementOffice of Management and Budget

    Requirements for PMPComplete an applicationEducation requirements Experience requirementsAgree to adhere to a code of professional conductPass a multiple choice exam

    About the PMP ExamExam was revised after an extensive job analysis study in 1997 and again after issue of PMBOK Version 3 in 2005

    Exam is reviewed and revised annually to satisfy the test specifications

    200 four-option multiple choice questions submitted by PMPs, only 175 of which are actually scored (there are 25 pretest questions)

    Required score to pass is 123 out of 175 scorable questions (or 148 out of 200 total questions), or 74% correctmay vary!

    Many questions are situational

    Exam Questions

    Initiating the Project:11%Planning the Project: 23%Executing the Project: 27%Monitoring and Controlling the Project:21% Closingthe Project 9%Professional and Social Responsibility9%Total 100%

    Project Initiation 11%Knowledge Tested Conduct project selection methods (e.g., cost benefit analysis, selection criteria).

    Define the scope of the project based on the business need, in order to meet the customers project expectations.

    Document high-level risks, assumptions and constraints.

    Perform key stakeholder analysis.

    Develop the project charter.

    Obtain project charter approval.

    Project Planning 23%Knowledge Tested Record detailed customer requirements, constraints, and assumptions.

    Identify key project team members by defining roles and responsibilities.

    Create the Work Breakdown Structure (WBS) with the team. Use it to develop a Scope Management Plan.

    Develop the change management plan.

    Identify project risks by defining risk strategies and developing the risk management plan.

    Develop the Project Management Plan and obtain Plan approval from the customer.

    Conduct a kick-off meeting with all key stakeholders.

    Project Execution 27%Knowledge Tested Maintain the Project Management Plan current.

    Execute the tasks as defined in the project plan.

    Ensure a common understanding by setting stakeholder expectations in accordance with the project plan.

    Implement the procurement of project resources.

    Manage resource allocation proactively.Implement the quality management plan.

    Integrate change across all areas and implement approved changes.

    Implement the approved actions and workarounds.

    Project Monitoring & Control 21%Knowledge Tested Measure project performance using appropriate tools and techniques.

    Manage changes to the project scope, project schedule, and project costs.

    Ensure that project deliverables conform to quality standards established in the project quality plan.

    Monitor the status of all identified risks by identifying any new risks, taking corrective actions, and updating the risk response plan.

    Project Closing 9%Knowledge Tested Formalize final acceptance for the project from the sponsor/customer.

    Obtain financial, legal, and administrative closure.

    Release all project resources and provide performance feedback.

    Communicate lessons learned.

    Distribute the final project report.

    Archive project records, historical information, and documents.

    Measure customer satisfaction at the end of the project.

    Professional and Social Responsibility 9%Knowledge Tested Ensure personal integrity and professionalism.

    Contribute to the project management knowledge base by sharing lessons learned, best practices, research, etc.

    Enhance personal professional competence.

    Balance stakeholders interests to achieve maximum positive effect.

    Promote interaction among team members and other stakeholders in a professional and cooperative manner.

    Cost of the ExamsPMP$405 Cost Members$555Cost Nonmembers Recertify every 3 years

    CAPM$225Cost Members$300 Nonmember

    Applying for the PMP examCandidates applying for the PMP or CAPM must satisfy the educational and experiential requirements for one of two categories.

    Project Management Process AreasExperience areas can be organized into one or more of the following process areas:InitiatingPlanningExecutingControllingClosing

    Eligibility LetterComes within 3 weeks

    Contact Thomson/Prometric to schedule date to sit for the exam

    Good for 12 months

    How to Prepare for the ExamRead the PMBOK (at least twice) and pay especial attention to the Glossary

    Buy some PM reference and study books and/or materials, e.g.,Project Management: A Systems Approach to Planning, Scheduling, and Controlling (9th edition, 2005) by Harold Kerzner PMP Exam Practice Test and Study Guide (5th edition, 2005) by J. LeRoy Ward PMP Exam Prep (5th edition, 2005) by Rita MulcahyPMIs Q & As for the PMBOK Guide Third EditionPMI exam prep review kit

    Buy PMI-recommended Social and Professional Responsibility books:Blake, Terence; Walker, Danielle; and Walker, Thomas: Doing Business Internationally: The Guide to Cross-Cultural Success. McGraw-Hill Professional Book Group, 2002, ISBN 0071378324.Ferraro, Gary, The Cultural Dimension of International Business. Prentice Hall, 5th Edition, 2005, ISBN:0131927671 .Rosen, Robert (Editor); Digh, Patricia; Singer, Marshall; and Phillips, Carl: Global Literacies: Lessons on Business Leadership and National Cultures. Simon & Schuster, 2000, ISBN:0684859025

    Take as many practice exams as you can get your hands on (some are available through the internet)

    Take a refresher class

    The TestComputer BasedIn the United States, Canada, and some of EuropeBlack lettering on white background ..ughh!!

    Timed (15 minutes demonstration, plus 4 hours for exam)Multiple Choice (4 possible answers)Only one is best answerNo none of the above or a & c

    Simple calculator provided on computer

    Cant bring a lot with you non programmable calculator is acceptable!

    You can take a break at certain times during test

    You can go back to questions that are giving you trouble so skip over them (mark them for Review Later) and answer the ones you know the answer to first. Sometimes a subsequent question or answer can jog your memory! Two ways to review later: Take your best guess and mark for later review (best) orLeave blank and call up unanswered questions later. You get your score immediately after completing the test. You have to get about 148 (74%) correct, depending on which test questions you get from the large test question database (actually, you need 123 (70%) correct of the 175 scorable questions on each test). Note that PMI lowered passing score to 61% in late 2005 but this is liable to change. PMI apparently wants to maintain a 70% first-time taker passing rate. Certification documentation will be sent to you within 3 to 4 weeks.The Test

    Tips/SuggestionsDo all the sample exams that you can find! Shoot to score 90% or better on them.

    STUDY! Allow 40 to 80 hours to read the PMBOK and other study material. Hint:Form a self-study group and take advantage of the groups synergy to take sample tests together.

    Remember it is a pass-fail exam. You have to get 74% right and no one but you ever knows your score! So dont worry about not knowing everything about everything!

    RELAX! Taking the test is stressful! But you have 240 minutes to answer 200 questions. (And an additional 15 minutes at beginning for a demonstration of the testing software is also allocated.) Most people that we have interviewed finish the test in two and a half hours so you have plenty of time.

    Exam Review ClassesPMI Baltimore Chapter TrainingCost $495; Cost Seniors $335Advantage: Meet other PMs and form self-study groupsPMI Baltimore sponsored:Current class started November 11th through December 16th, 2006 at Hunt Valley campus, CCBCFebruary 3rd through March 3rd, 2007 at the Hunt Valley Campus,April 21st through May 19th 2007 at the Hunt Valley Campus. 5 Saturdays Satisfies the 35 hours of education

    Explore other community college offerings

    Continuing Certification Requirements Program60 PDUs every three years

    PDU = one PDU is earned for every 1 hour spent in a planned, structured learning experience or activity

    Continuing Certification Reqs Program5 Categories:Formal Academic EducationProfessional Activities or Self Directed LearningRegistered Education Providers; Other ProvidersVolunteer Service to Professional or Community Organizations

    PDU requirements can be obtained through the use of all, some, and only one category combinations.

    Category 1 Formal Academic Education

    1 hour of degree credit = 15 PDUsTranscript or grade report

    Category 2 Professional Activities - Write2A - Author or co-author of article pertaining to project and/or program management and is published in a refereed journal (e.g., Project Management Journal):30 PDUs per article (one author)20 PDUs per article (co-author)2B - Author or co-author of an article pertaining to project and/or program management published in a non refereed journal (e.g., PM Network)15 PDUs per article (author)10 PDUs per article (co-author) 2F - Author or co-author of textbook that pertains to project and/or program management40 PDUs (author)20 PDUs (co-author)

    Category 2 Professional Activities Speak or Teach2C - Speaker/Teacher on project and/or program management topic at a conference, symposium, workshop or formal course.10 PDUs per activity

    2D - Speaker on a project and/or program management topic at PMI Component meeting (e.g., Chapter meeting)5 PDUs per activity

    2E - Member or moderator of a project and/or program management panel discussion at a conference, symposium, workshop or formal course.5 PDUs per activity

    Category 2 -Professional Activities Prepare content

    2G - Developer of content for a structured project and/or program management learning program10 PDUs per new program

    Category 2 Professional Activities - Practitioner2H - Practitioner of project and/or program management services for more than 1,500 project work experience hours per calendar year5 PDUs per calendar year (Maximum of 15 PDUs may be earned per CCR cycle for sub designation 2H.)

    Category 2 Self Directed Learning2sdl - Self-directed learning activities are individualized learning projects involving personally conducted research or study. Learning may include informal activities such as discussions or coaching sessions with colleagues co-workers, clients or consultants. It may include articles, books, instructional manuals, videos, CD-ROMs, or other material resources. Maximum of 15 Self-directed Learning PDUs may be earned per CCR cycle.

    Category 3 PMI Registered Education ProvidersExamples include schools, consultants, corporate training departments, professional associations, government agencies and PMI Chapters and Specific Interest Groups (SIGs ).

    Look for providers with this logo

    Category 4 Other ProvidersAttending relevant educational programs offered by organizations not registered with PMI.

    To calculate the number of PDUs earned, use the following formula: one (1) contact hour of learning relevant to project and/or program management within a structured activity or course equals one (1) PDU.

    Category 5 Volunteer Service to Professional or Community OrganizationsElected officer for a project management organization. Minimum 3 months of participation. 2 PDUs / calendar year.

    Minimum 6 months of participation. 5 PDUs / calendar year.

    12 months of participation = 10 PDUs / calendar year

    Category 5 Volunteer ServiceServe as a volunteer/appointed committee member for a project management organization.

    No PDUs for service less than three months

    Minimum 6 months of participation3 PDUs / calendar year.

    12 months of participation5 PDUs / calendar year

    Volunteer ServicesProvide project management related services to a community or charitable group (Maximum allowed: 5 PDUs per year).

    Organization sponsoring the project must be a legally recognized organization.

    PMPs should maintain letter or certificate from the organization acknowledging the certificant for leading project tasks or participating as part of a project team.

    Continuing Certification Reqs ProgramComplete the Continuing Certification Requirements Activity Reporting FormMailFaxOnline

    Check for PDU transcripts online

    Application for RenewalSent after the 60 PDUs are submittedCompletion is required for renewal12 months after the cycle expiration to renew

    Transferring PDUsUp to 20 excess PDUs earned during the final year of the current CCR cycle may be applied to the next CCR cycle.

    Summary

    What are you waiting for?

    QUESTIONS ??????????????

    *OBJECTIVE:

    Entergy: Mention weak matrix in current PM process as used. Note that TCP/CPP by FBM assumed strong matrix with PM at its center *OBJECTIVE:

    Entergy: Mention weak matrix in current PM process as used. Note that TCP/CPP by FBM assumed strong matrix with PM at its center ***