slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
PMP® Training Video | PMBOK® Guide Sixth Edition Training | PMP® Certification Exam Training | Edureka PowerPoint Presentation
Download Presentation
PMP® Training Video | PMBOK® Guide Sixth Edition Training | PMP® Certification Exam Training | Edureka

Loading in 2 Seconds...

play fullscreen
1 / 53

PMP® Training Video | PMBOK® Guide Sixth Edition Training | PMP® Certification Exam Training | Edureka - PowerPoint PPT Presentation


  • 263 Views
  • Uploaded on

***** PMP® Training : https://www.edureka.co/pmp *****
This Edureka tutorial on PMP® Training will give you a complete insight of PMP® Certification along with various integral topics of PMP and its exam preparation process. This tutorial helps you to learn the following topics:

1. Project & Importance of Project Management
2. Relationship of Project, Program, Portfolio & Operations Management
3. Key Components of Project Management
4. Tailoring
5. Project Management Business Documents

Follow us to never miss an update in the future.

Instagram: https://www.instagram.com/edureka_learning/
Facebook: https://www.facebook.com/edurekaIN/
Twitter: https://twitter.com/edurekain
LinkedIn: https://www.linkedin.com/company/edureka

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
    Presentation Transcript
    slide1

    ®

    ®

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    topics for today s training

    Topics for Today’s Training

    Project & Importance of Project Management

    Relationship of Project, Program, Portfolio &

    Operations Management

    ®

    Key Components of Project Management

    Tailoring

    Project Management Business Documents

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    introduction

    Introduction

    Copyright © 2018, edureka and/or its affiliates. All rights reserved.

    why pmp certification

    Why PMP® Certification?

    → Project Management

    → PMP ® credential

    Professional (PMP)®

    demonstrates that the

    credential is the most

    professional has the

    important industry-

    experience, education and

    recognized certification for

    competency to lead and

    project managers

    direct projects

    PMP®

    Certification provides

    industry wide recognition

    → Increases marketability to

    → Globally

    employers and higher salary

    recognized and

    → Average Salary of PMP

    demanded across all

    Professionals is 15-20% higher

    industries

    than non-certified project

    managers

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    industries that require project management skills

    Industries that Require Project Management Skills

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    job opportunities for pmp professionals

    Job Opportunities for PMP®Professionals

    New Project Management Roles by 2020

    Source: www.pmi.org

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    journey towards pmp certification

    Journey Towards PMP®Certification

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    training approach

    Training Approach

    Understand PMI Approach

    PMI’s Philosophy: What PMI recommends to a Project Manager?

    What PMI expects you to know to clear the PMP exam?

    10 Knowledge

    Areas

    5 Process Groups

    49 Processes

    Understand Concepts

    Understand Process ITTO (Inputs, Tools & Techniques, Outputs)

    Discuss, Review and Quiz at end of the Module

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    about pmi

    About PMI®

    1

    Established in 1969

    2

    Global organization Headquartered in Pennsylvania, USA

    3

    Project Management Institute (PMI®) is a not-for-profit association

    4

    Over 500,000 members worldwide (over 171 countries)

    5

    PMI® is actively engaged in advocacy for the profession, setting professional standards, conducting

    research and providing access to a wealth of information and resources

    6

    PMI® also promotes career and professional development and offers certification, networking and community

    involvement opportunities

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    certifications credentials from pmi

    Certifications/Credentials from PMI®

    ✓ PMI® offers the following credentials for Project Managers:

    Project Management

    Professional (PMP)®

    Certified Associate in

    Project Management

    (CAPM)®

    Program Management

    Professional (PgMP)®

    Portfolio Management

    Professional (PfMP)®

    PMI® Agile Certified

    Practitioner (PMI-ACP)®

    PMI® Scheduling

    Professional (PMI-SP)®

    PMI® Risk Management

    Professional (PMI-RMP)®

    ✓ Eligibility criteria for each of these credentials are different

    NOTE: PMP, CAPM, PgMP, PfMP, PMP-ACP, PMP-SP, PMP-RMP are registered marks of the Project Management Institute, Inc.

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    prerequisites for pmp

    Prerequisites for PMP®

    Educational Background

    PM Experience

    PM Education

    ▪ High School Diploma

    ✓ 60+ Months

    ✓ 7,500+ Hours

    ✓ 35 Contact Hours

    ▪ Associate’s Degree or Global

    Equivalent

    ✓ 36+ Months

    ✓ 4,500+ Hours

    ▪ Bachelor’s Degree or Global

    Equivalent

    ✓ 35 Contact Hours

    Project duration must not overlap

    Experience in projects during last 8 years

    20% of applications are picked up for random audit

    Designation during the specified project management work does not matter

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    pmp examination pattern

    PMP®Examination Pattern

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    pmp examination fee

    PMP®Examination Fee

    Educational Background

    PM Experience

    PM Education

    ▪ Computer-based Testing

    ▪ USD 405.00

    ▪ USD 555.00

    ▪ Paper-based Testing

    ▪ USD 250.00

    ▪ USD 400.00

    ▪ Re-examination Computer-based

    ▪ USD 275.00

    ▪ USD 375.00

    ▪ Re-examination Paper-based

    ▪ USD 150.00

    ▪ USD 300.00

    PMI Membership Fee - USD 139

    Membership to local PMI® Chapter – Varies from chapter to chapter ( USD 5 to USD 15)

    Only 3 PMP® examination attempts are allowed in one year

    Certified PMP®s have to earn 60 Professional Development Units (PDUs) in a three year cycle. PDUs can be earned through

    multiple avenues

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    additional information

    Additional Information

    For detailed information regarding the PMP® Examination, you can visit the official website:

    www.pmi.org

    You can download the PMP Handbook from PMI Website.

    Certifications Project Management Professional (PMP)® Learn More PMP Handbook

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    basics of project management

    Basics of Project Management

    Copyright © 2018, edureka and/or its affiliates. All rights reserved.

    the pmbok guide introduction

    The PMBOK®Guide – Introduction

    The PMBOK®Guide identifies that subset of the project management body of knowledge that is generally

    recognized as good practice. PMBOK® Guide page 2

    The PMBOK® Guide is a “distilled version” of project management body of knowledge

    Currently on 6th edition published in September 2017

    Source of all project management processes

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    the pmbok guide structure

    The PMBOK® Guide - Structure

    Each knowledge area now has 4 sections apart from the

    process details:

    1

    2

    3

    4

    Project

    Environment

    Foundations

    Key Concepts

    PMBOK®

    Structure

    Trends & Emerging Practices

    Tailoring

    Role Of

    10 Knowledge

    Areas

    Project Manager

    Considerations for Agile/Adaptive Environments

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    what is a project

    What is a Project?

    “A project is a temporary endeavor undertaken to create a unique product, service, or result.”

    Unique

    Temporary

    Has a definite START and END

    Each project is different from other in

    at least 1 attribute

    END is reached when project’s objectives are

    met OR need of the project does not exist OR

    project is terminated

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    uses of project

    Uses of Project

    They move an organization from one state to another to achieve some

    objective(s)

    Projects Drive

    Change

    There may be transition states in between

    ✓ Value is net quantified benefit

    Projects Enable Business

    Value Creation

    ✓ Can be tangible or intangible

    Projects are initiated due to 4 main factors

    ✓ Meet regulatory, legal or social requirements

    Projects Initiation Context

    ✓ Satisfy stakeholder requests or need

    ✓ Implement or change business or technological strategies and

    ✓ Create improve or fix products, processes or services

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    examples of project

    Examples of Project

    ✓ Developing a new product, service, or result

    ✓ Effecting a change in the structure, processes, staffing, or style of an organization

    ✓ Developing or acquiring a new or modified information system (hardware or software)

    ✓ Conducting a research effort whose outcome will be recorded

    ✓ Constructing a building, industrial plant, or infrastructure; or

    ✓ Implementing, improving or enhancing existing business processes and procedures

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    importance of project management

    Importance of Project Management

    “Project Management is the application of knowledge, skills, tools and techniques to meet the project

    requirements.”

    Poorly Managed Project

    Effectively Managed Project

    Absence of project management may result in:

    Helps individuals, groups, public or private

    organizations to:

    Meet business objectives

    Satisfy stake holder expectations

    Increase chances of success

    Manage constraints

    Respond to risks in a timely manner

    Deliver the right products at the right time

    Manage change in a better manner

    Failure in achieving the objectives

    Missed deadlines

    Cost overruns

    Poor quality

    Rework

    Unsatisfied stakeholders

    Loss of reputation for the organization

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management methodology

    Project Management Methodology

    Templates

    Policies

    The use of a methodology brings in consistency of approach

    across Projects, which defines how Projects should be:

    ✓ Planned

    Project

    Management

    Methodology

    Guidelines

    ✓ Monitored

    ✓ and controlled within an Organization

    Processes

    PMBOK Guide

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project s competing factors constraints

    Project’s Competing Factors (Constraints)

    ▪ Also called Project Constraints

    ▪ Project Manager has to balance the competing factors (included but not limited to) like Scope, Schedule &

    Cost along with Quality

    ▪ It is the Project Manager‘s duty to balance and achieve these often-competing goals

    Cost

    Risk

    Scope

    Resources

    Quality

    Time

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project program portfolio and opm

    Project, Program, Portfolio and OPM

    Copyright © 2018, edureka and/or its affiliates. All rights reserved.

    projects and strategic planning

    Projects and Strategic Planning

    Projects, within Programs or Portfolio, are a means of achieving organizational goals and objectives, often in

    the context of strategic plan

    Program and Project Management focuses on doing programs and projects the “right” way and,

    Portfolio Management focuses on doing the “right” programs and projects

    Portfolio Management aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing

    the work, and providing the required resources

    Program Management harmonizes its program components and controls interdependencies in order to realize specified

    benefits

    Project Management enables the achievement of organizational goals and objectives

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    projects the larger structure

    Projects – The Larger Structure

    K-12 Segment

    Adding a new Line of Business in the

    Organization

    (Learning App for School Education)

    Market

    Research

    Project to check viability

    Content

    Development

    Application

    Development

    Program to launch the app

    Marketing

    Multiple inter-related projects

    Web

    Product

    Launch

    Class 1

    Content

    Application

    Operations focuses on ongoing production of goods/services by

    optimising & transforming inputs to outputs.

    Class 2

    Content

    New Market

    Development

    IoS APP

    Project & operations may intersect:

    When developing a new service/product

    When improving operations

    At the end of product life cycle

    At each phase closure

    Android App

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project program and portfolio

    Project, Program and Portfolio

    Portfolio is a collection of projects or programs and other work that are

    grouped together to facilitate effective management of that work to meet

    strategic business objectives

    Portfolio

    Project

    Program is a collection of projects that are interrelated and/or

    interdependent and obtains benefits not available from

    individual components

    Program 1

    Program 2

    Program 3

    Project

    Project

    Project

    Multiple inter-related Projects can be in parallel, in

    series, or in a combination of both. Projects are generally

    dependent on each other and serve a common outcome

    Project

    Project

    Project

    Project

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    opm organizational project management

    OPM - Organizational Project Management

    A framework in which a Project, Program & Portfolio Management are integrated to achieve organizational objectives

    Organizational Environment

    Portfolio Review and Adjustments

    Program and

    Projects:

    Results

    Delivery

    Operations:

    Business Value

    Realization

    Portfolio:

    Value

    Decisions

    Strategy

    Business Impact Analysis

    Value Performance Analysis

    Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Fig 1-4 Page 17

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    pmbok guide key components

    PMBOK®Guide Key Components

    These components, when well managed, result in successful project completion

    Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Table 1-3 & Fig 1-5, Page 18

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project life cycle

    Project Life Cycle

    Copyright © 2018, edureka and/or its affiliates. All rights reserved.

    project life cycle 1

    Project Life Cycle

    A Project Life Cycle is the series of phases that a Project passes through from its initiation to its closure

    All projects are divided into phases

    A life cycle can be determined by the unique aspects of the organization, industry or technology employed

    A life cycle provides basic framework for managing the Project

    Feasibility

    Analysis

    Design

    Implementation

    Project Lifecycle

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project life cycle in different industries

    Project Life Cycle in Different Industries

    There are various Project Life Cycle phases for different kinds of business. For example:

    IT Software Development

    Construction

    Pharmaceuticals

    Requirements Gathering

    Analysis

    Feasibility

    Discovery and screening

    Planning and Design

    Preclinical development

    Design

    Development

    Production

    Registration Workup

    Testing

    Turnover and Startup

    Post submission activities

    Implementation

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    phase to phase relationship

    Phase to Phase Relationship

    There are 2 basic types of Phase to Phase relationships :

    ✓ A phase can only start once the previous

    phase is complete

    Sequential

    Phase to Phase

    Relationships

    ✓ A phase starts prior to completion of the

    previous phase (Fast-tracking)

    ✓ Overlapping phase may increase risk and can

    result in rework

    Overlapping

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project vs product life cycle

    Project vs. Product Life Cycle

    Product Life Cycle can generate multiple projects

    Project Life Cycle is divided into phases to provide better management control

    Phases in Product Life Cycle are generally sequential

    Multiple Project Life Cycle during Product Life Cycle

    Project Life Cycle

    Maturity

    Decline

    Initiating > planning > executing > closing

    Retire

    Growth

    Monitoring and Controlling

    Introduction

    Product

    Ideation

    Product Development

    End of

    Life

    Time

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    types of development lifecycle

    Types of Development Lifecycle

    Predictive Life Cycle

    Iterative Life Cycle

    ▪ Project scope, time and cost are determined in early phases of

    the life cycle

    ▪ Project scope is generally determined early in the project life

    cycle

    ▪ Iterations develop the product through a series of repeated

    cycles

    ▪ Increments successively add to the functionality of the product

    ▪ Also, called as waterfall life cycles

    Adaptive Life Cycle

    ▪ The detailed scope is defined and approved before the start of

    iteration

    ▪ Also, called as agile or change-driven life cycles

    Incremental Life Cycle

    ▪ The deliverable is produced through a series of iterations that

    successively add functionality within a predetermined time

    frame

    Hybrid Life Cycle

    ▪ Combination of a predictive and an adaptive life cycle

    Project lifecycle are predictive or adaptive which occur in one or more phases and include development lifecycles.

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    phase gate

    Phase Gate

    Done at the end of a phase where project performance is compared with:

    ✓ Project business case

    ✓ Project charter

    ✓ Project Management plan

    ✓ Benefits management plan

    Based on which a decision is made:

    ✓ Continue to the next phase

    ✓ Continue to the next phase with modification

    ✓ End the project

    ✓ Remain in the phase, or

    ✓ Repeat the phase or elements of it

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management processes

    Project Management Processes

    Copyright © 2018, edureka and/or its affiliates. All rights reserved.

    what is a process

    What is a Process?

    Process is a set of interrelated actions and activities to create a pre-specified product, result or service

    Each process is characterized by its inputs, the tools and techniques that can be applied, and the resulting

    outputs

    Process

    Tools and

    Techniques

    INPUTS

    OUTPUTS

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    tailoring

    Tailoring

    Selection of appropriate processes, tools, inputs, outputs, techniques & lifecycle phases

    Tailoring considers projects constraints, governance, culture, customer

    Done by the Project Manager in a collaborative manner

    Organizations may tailor Project Management methods to suit them, and provide additional tailoring

    guidelines for individual projects

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management process groups

    Project Management Process Groups

    Process groups are NOT project phases or stages

    Process groups may repeat in each of the project phase

    Also, called as Domains of Project Management

    There are a total of 49 Processes mapped to 5 Process Groups, which are:

    Process Group

    Initiating

    Planning

    Executing

    Monitoring & Controlling

    Closing

    # of Processes

    2

    24

    10

    12

    1

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management knowledge areas

    Project Management Knowledge Areas

    Knowledge Area

    # of Processes

    Project Integration Management

    7

    Project Scope Management

    6

    Project Schedule Management

    6

    Project Cost Management

    4

    Project Quality Management

    3

    Project Resource Management

    6

    Project Communications Management

    3

    Project Risk Management

    7

    Project Procurement Management

    3

    Project Stakeholder Management

    4

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    process categories

    Process Categories

    Processes used once or at predefined points in the project

    The processes like Develop Project Charter and Close Project or Phase are examples

    Processes that are performed periodically as needed

    ✓ The Process Acquire Resources is performed as resources are needed

    ✓ The process Conduct Procurements is performed prior to needing the procured item

    Processes that are performed continuously throughout the project

    ✓ The process Define Activities may occur throughout the project life cycle

    ✓ Many of the monitoring and control processes are ongoing from the start of the project, until it is closed out

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management data information

    Project Management Data & Information

    During a project, lot of data is collected, analyzed, transformed, aggregated, shared & reported

    The raw observations and measurements identified during activities

    performed to carry out the project work

    Project data are usually recorded in a Project Management Information

    System (PMIS)

    The performance data collected from various controlling processes,

    analyzed in context and integrated based on relationships across

    areas

    • The Physical or electronic representation of work performance information

    compiled in project documents, which is intended to generate decisions or

    raise issues, actions, or awareness

    Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Fig 1-7 Page

    27

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project management business documents

    Project Management Business Documents

    Project Manager ensures that project approach is aligned to need as per business documents

    Project Business Documents

    Responsibilities

    Sponsor - develop & maintain

    PM - assist in aligning project plan, business case, benefits

    Project business case & Project benefits

    management plan, project charter, project success measures &

    management plan

    organizational goals. Tailor such documents. Align to program

    business case if any

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    interrelationship of needs assessment

    Interrelationship of Needs Assessment and Critical Business/Project Documents

    Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Fig 1-8 Page 30

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project business case

    Project Business Case

    Based on project needs assessment

    Justifies the project based on evaluation criteria, economic & other analysis

    Usually created before project initiation (pre-project)

    Facilitates measure of project success

    Maintained throughout the project

    Includes recommendations to decide go/no-go of project

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    information in the business case

    Information in the Business Case

    Business needs – Business problem or opportunity, expected value, stakeholders & scope

    Situational analysis

    Goals, root cause and gap analysis

    Category of situation: required, desired or optional

    Options or alternatives or business scenarios to consider (i) do nothing (ii) do the minimum work

    possible (iii) do more than the minimum work, to address the business needs

    Recommendation – of an option along with its details and implementation approach

    Evaluation – a benefits measurement plan, including during operations after the project is over

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project benefits management plan

    Project Benefits Management Plan

    Details how & when project benefits will be delivered & measured

    ✓Target benefits

    ✓Strategic alignment

    ✓Timeframe for realizing benefits

    ✓Benefits owner

    ✓Metrics

    ✓Assumptions

    ✓Risks

    Developed based on the needs assessment & business case, thus created pre-project

    Note that benefits may be derived post the project in operations, thus this document can remain active after

    the project is closed

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project charter and project management plan

    Project Charter and Project Management Plan

    Project Charter

    ✓Issued by the project sponsor

    ✓Formally authorizes the PM to use organizational resources for the project

    ✓Formally authorizes the existence of a project

    Project Management Plan

    ✓Details how the project will be executed, monitored & controlled

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp

    project success measures

    Project Success Measures

    Projects success is measured in terms of completing the project within the constraints of scope, time, cost,

    quality, resources, and risk as agreed between Project Manager and Senior Management (approved)

    Achievement of project objectives (benefits, financial & non-financial measures, desired state change,

    contract fulfilment, satisfaction, user adoption or integration into operations, quality, governance

    compliance, any other measures like process related)

    As defined by stakeholders (what is success, how it will be measured, what can impact it)

    Link to organizational strategy & business results

    Continuous business alignment is key to success

    It is not just scope, cost & time

    PMP® CERTIFICATION EXAM TRAINING

    www.edureka.co/pmp