Category: PMP prep course

6 Steps to prepare for PMP Certification exam!

Going through the PMP Exam prep to obtain the project management certification is a daunting task. Achieving the PMP Certification requires dedication – and a solid study plan. Planning on taking on the PMP? Here’s what you need to do – to ace the project management professional exam.

How to prepare for the PMP?

  1. Attend formal PMP Training to earn your Professional Development Units (PDUs)
  • Start with a simple study guide, such as “How to pass PMP in first attempt?” – by Andy Crowe. This will help you give a gist of the topics that will be covered throughout your PMP Course.
  • Once you have completed your first study guide – take a mock test and see where you stand. Analyze your scores and understand your strengths and weaknesses. You can refer to “Rita Mulcahy” to identify the correct answers – and understand the concepts better.
  • Go through the PMBOK Guide 7th Edition. The Project Management Body of Knowledge (PMBOK) is the key study material of the PMP Exam prep. 97% of the questions asked in the examination revolve around the methodology and terminology mentioned in this core study guide.
  • Attend seminars and project management gatherings. The Project Management Institute (PMI) frequently arranges them. This is where you can meet like-minded PMP Certified professionals and other aspirants. Share insights and tips on how to ace the certification exam.
  • Use examination tools. Simulators are a great way to get the pace required to solve the entire question paper in the allotted time. Podcasts, flashcards, and PMP Prep Course are also some of useful examination tools.

Hope this helps. Make sure you craft a solid study plan – and schedule an examination date according to your preparation pace. Stick to your learning hours. Clearing the PMP exam might be a daunting task – but certainly not an impossible task.  

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6 Steps to Craft a Top-notch Project Plan!

When it comes to dealing with management issues like missed deadlines, cost overruns, and so on, good project planning is essential. Although it is a time-consuming process, it is very effective when dealing with any project, large or small.

Step 1: Define the project schedule and scope.

The process of determining and documenting a list of specific project goals, deliverables, features, functions, tasks, deadlines, and, ultimately, costs is known as project scope.

Step 2: Identify risk assessment

By determining the hazards and risks associated with the project. Identifying control measures and assessing the situation. Also, keep track of your findings and put them into practise.

Step 3: Team Organizing

One of the most important constraints to project success is proper project team organisation. If the project does not have a productive and well-organized team, there is a greater chance that it will fail right away because the team will be unable to complete the project properly at first.

Depending on the project, a team may be responsible for a wide range of duties and responsibilities. Good project team organisation entails properly allocating team responsibilities and duties while keeping in mind the project’s specific goals and objectives.

Step 4: Project resource listing 

The people, capital, and/or material goods required for a project’s successful execution and completion are referred to as project resources.

A project manager who does not allocate project resources is akin to a painter who does not have a brush. As a result, task resource estimation is an important part of project planning.

Step 5: Work set up

Work process mapping is a critical step in freeing up upper management’s time to focus on more important issues like long-term business growth and scaling. When project managers can entrust work responsibilities to team members, whether new or experienced, it indicates that the members are well-versed in their work and roles.

Step 6: Budget creation

A detailed descriptive roadmap of the business plan that sets measures and indicators of performance is required to achieve the goals in a business’s strategic plan.

Attend a PMP prep course to get used to creating a fool proof project plan.

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6 Must-Know Benefits of SCBA in Project Management!

In project management, a social cost-benefit analysis allows for a thorough comparison of various project options. This isn’t just a matter of money. Even so, a SCBA takes into account non-financial consequences. Consider the impact of increased accessibility on the environment, the economy, and other factors, for example.

Governments can use social cost-benefit analysis to pursue innovative initiatives that benefit everyone, not just a select few. It also aids in the overall development of an economy by assisting in decision-making that increases employment, investment, savings, and consumption, thereby increasing a country’s economic activity.

Both investments can benefit from social cost advantages. As a result, public investment is critical for a developing country’s economic development.

  1. Market Instability

A deal would be evaluated by a private corporation based on productivity and market prices. However, the government must take into account additional factors. Identifying social costs in the face of market inefficiency and when market pricing is unable to do so. Shadow prices are the term for these hidden social costs.

  • Investments & Savings

An investment in a market is a business venture that results in increased savings.

  • Income is distributed and redistributed

The initiative should not result in revenue accumulation in the hands of a few people and income distribution.

  • Career and Living Standards

The impact of a programme on employment and standard of living will also be taken into account. As a result, the contract should result in more jobs and higher living standards.

  • Externalities

Externalities can be both harmful and beneficial to a business. As a result, before approving a deal, both effects must be considered. Positive externalities, for example, can take the form of technological advancements, while negative externalities can include rapid urbanisation and environmental degradation.

  • Subsidy and Taxation

Subsidies and taxes are classified as expenses and revenue, respectively. Taxation and subsidies, on the other hand, are considered transfer payments in social cost-benefit analysis.

Want to learn more insights on the same? Enrol in a PMP Bootcamp online today.

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10 Best steps to develop a virtual team community

Here are a few strategies to help you create a well-connected, committed, and efficient virtual team community.

  • Regardless of the length of your meeting, prepare an agenda to give out to attendees. Members of the team want to know what will be discussed ahead of time. This makes it easier for them to plan ahead and engage more effectively.
  • If necessary, set aside a particular day and time per week/month for “recurring meetings” and “status updates.” All should prepare their schedules and avoid scheduling problems as a result of this.

  • Everyone’s time is precious, so keep meetings to a bare minimum and, as the chief, always be first in line. This also gives you time to “socialise” and warm up before you start.
  • Certain meetings necessitate the presence of particular people. Just invite those who are genuinely required to attend each meeting.
  • Use “visual anchors” including pictures, maps, photographs, and diagrams to keep people engaged. To improve the visual effect, use colour.
  • To ensure consistency and comprehension, use “visual anchors” such as contrasts, analyses, procedures and measures, examples, and repeating details for emphasis.

  • Use “connection anchors” to maintain attention and participation – Ask team members specific questions, shift responsibility for facilitation., 

  • Similarly distribute job assignments. In certain situations, leaders delegate jobs to team members subconsciously based on the leader’s view of the individual’s work success. The leader serves as a coach and mentor, and building high-performing teams requires confidence. Demonstrate your faith in your entire team.

  • Make a personal connection with each team member and build a rapport. This is needed to ensure that conversations about performance are constructive, relaxed, and meaningful.

  • Establish ways for the team to get to know each other. There are a variety of innovative ways to create a highly supportive virtual team atmosphere, including: Have weekly round-table discussions, pair people to work together, be an idea champion, and encourage everyone to come up with ideas for increasing participation and meeting enjoyment.

If the corporate world advances, this current virtual business climate will almost certainly continue. The team leader must adjust to the many new norms that are just over the virtual horizon as technology evolves to meet the needs.

Want to know more insights on the same? Get the best guidance on professional certifications with a PMP bootcamp online.

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What Do I Need To Clear The PMP Training Course And Exam?

Needless to say, PMP Certification is a difficult nut to crack for first-time test-takers, with a failure rate of around 50%. (approx.) Not long ago, even test takers with years of experience struggled to pass the PMP exam because they underestimated the degree of difficulty and treated it lightly. PMP exams require a minimum of 35 PDUs and a commitment of 35 hours or more to prepare and ensure you have what it takes to ace the exam.

We must also consider the value of planning and strategizing, as well as identify all relevant learning areas that lead to PMP certification. There are certain aspects of the PMP Exam prep that you need to go through – in order to successfully complete the massive examination course.

To begin with:

  • Read the PMBOK Guide 7th Edition thoroughly.
  • Review books of reference materials from reputable training institutions.
  • Get hands-on training from industry experts.
  • Pursue a recognised PMP certification.
  • Participate in question-and-answer sessions.
  • Take practise exams.
  • Get a higher score on exam simulators.

Finally, regardless of the training programme you use, make sure you read the PMBoK guide at least twice (focus on a table illustrating the interaction between 13 Knowledge Areas and 5 Process Groups with 47 processes and how they contribute to project management).

It is critical that you consider the PMP certification preparation process as a project. Prepare a timeline for all events leading up to the PMP certification. Divide the study sessions into smaller chunks and carry one at a time. The most important aspect is to enrol in a PMP training programme from a reputable institution in order to understand PMBoK, practise mock exams, review specific content, communicate with the instructor, and gain other benefits, all of which will help you ace the exam on the first try.

Need help going through PMP training course? Get in touch with Education Edge!

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How to maintain focus throughout your PMP prep course?

It might be difficult to keep focused when studying for the PMP Exam. It’s tough to maintain the degree of dedication required to study to the maximum extent feasible. Here are a few pointers to help you focus and stay focused during the exam.

Guidelines to effectively undergo your PMP prep

Set up and follow healthy study habits. Make a study plan that includes how you’ll focus the information, how much time you’ll spend on each section, and how long you’ll need to work on it. Finding the optimal learning environment for your PMP Certification preparations is crucial. Everyone is unique, and while some situations and settings may not suit others, they may suit you, and vice versa. Others prefer ambient noise, while others do not.

Many people prefer to study at home, while some have no choice but to leave their workplace or house. Some people like to study in a group setting, while others prefer to do it alone. Make an effort to stick to what works for you. If you’re going through a difficult period and finding it difficult to get through it, create some incentives to keep you motivated and inspired. Make such personal incentives for achieving or surpassing a specific goal.

Make sure you have a wide set of studies. Every hour, you work on a different subject. It allows you to stay away from dullness. Consider the many activities or exercises you may do to address different topics. Avoid discouragement by concentrating on positive things when taking the fake tests and simulators and not doing what you thought you would. Consider this deceit as a chance to learn something new. They’re fantastic ways to keep track of your studies’ progress and preparedness. Make the most of the training opportunities as much as feasible.

Need more insights on the same? Find the best PMP prep course right here!

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