How do you select a good project as a project manager?

Being a good project manager necessitates a wide range of abilities. It necessitates strong leadership, excellent communication skills, thorough preparation, and a variety of other vital qualities.

However, in the realm of project management, there is one ability that is undervalued: smart and effective project selection. In fact, a recent Six Sigma survey of 43 different firms discovered that 75% of them didn’t even follow the project selection methods.

“Ultimately, if you don’t have a Project Selection process in place – one that is rigorously followed,” writes Six Sigma Qualtec, “you will falter.” You may seek good PMP bootcamp online from a recognised institute.

A well-informed and experienced approach to project selection allows your firm to more efficiently manage prospective projects, identify significant initiatives with higher ROIs, and harness the capabilities currently in place to select projects that are well-suited to your organization’s specific competencies.

WHY IS PROJECT SELECTION IMPORTANT?

Before diving into the two primary approaches of Project Selection, as well as their different methodologies, it’s critical to first comprehend why Project Selection is so critical to your company’s success.

Selecting the correct projects, in addition to adopting the right project management approach for your firm, might mean the difference between one year in the black and several years in the red. Unreasonable project scope, ill-defined deliverables, and unattainable goals can all wreak havoc on your budget while also jeopardising productivity.

But choosing the proper tasks isn’t as simple as going with your gut. Choosing the correct project for your company’s abilities and resources, on the other hand, necessitates a little of critical thinking on your part. The Benefit Measurement Methods or the Constrained Optimization Methods can be used to perform these computations.

Some tips for selecting a good project:

Benefit measurement method

As a project manager, the Benefit Measurement Methods are likely to be the only ones you use directly. While less sophisticated than Constrained Optimization Methods, they don’t always necessitate a master’s degree in finance to comprehend.

Benefit Measurement Methods, as the name implies, assign a score to possible projects based on a model and compare the results among project applicants. The most typical Benefit Measurement Methods you’ll use as a PM are listed below.

Cost benefit ratio
Economic model
Payback period
Discounted cash flow
Net present value
Scoring models
Internal rate of return
Opportunity cost

Constrained optimization methods

Constrained Optimization Methods may be employed in addition to Benefit Measurement Methods, which are the most extensively utilised Project Selection methods for project managers. These methods are ideal for larger, more sophisticated tasks that require a significant number of complex mathematical calculations.

The Mathematical Model of Project Selection is another name for the Constrained Optimization Methods.

Choose the best PMP bootcamp online providers for the training.

September 1, 2021 0

Pick the right training institute for your PMP examination training

The Project Management Institute (PMI) in the United States offers the Project Management Professional Certification (PMP), an industry-recognized project management certification. A PMP certification introduces you to project management best practices and current developments. It improves your resume and can help you advance in your career.

According to a poll, PMP certified project managers earn roughly 22% more on average than non-certified project managers. Apply for good PMP certification classes.

Do I Need Institute Training for Project Management Professional Certification?

To be qualified for the project management institute certification, you must meet certain requirements. They include the following:

Experience prerequisite for PMP

Professionals with a four-year degree must have 36 months of project management experience.

Professionals having a Bachelor’s or Master’s degree approved by the Global Accreditation Center for Project Management Education (GAC) will gain 24 months of experience.

Education prerequisite for PMP

To be eligible to take the PMP exam, you must complete 35 contact hours of project management training. This is where your PMP training provider can help you complete the 35-hour training requirement stipulated by PMP by delivering a proof of course competition.

GUIDELINES FOR CHOOSING THE RIGHT PMP TRAINING INSTITUTE IN 2021

Choose PMI recognized REP and ATP training institutes

The Authorized Training Partner (ATP) programme replaced PMI’s Registered Education Provider (REP) scheme.

The adjustments were made as part of PMI’s global attempt to standardize project management certification exams. ATP institutes have been approved by PMI to give project management institute certification. A training institute must achieve stringent quality and effectiveness standards to acquire the ATP designation.

The following are some of the benefits of training with PMI approved ATP:

The PMI’s credibility factor
PMI’s high-quality course content is available to you.
Get certified by PMP teachers who have completed PMI’s Train the Trainer programmes.

Equipped with knowledge of the recent PMP exam Pattern changes

PMI has totally updated the PMP test pattern as of January 2021. The new design focuses the questions on three key project management domains:

the ability to lead (42 percent )
Expertise in technical and functional areas (50 percent )
Business Development That Is Strategic (8 percent )

The new project management professional certification exam features 180 questions and a 230-minute exam period.

Training program formats

You have the option of attending PMP in-person training boot camps or taking virtual project management courses online to get PMP certified. Both options allow you to earn the required thirty-five contact hours of training for the PMP certification exam.

Given the present pandemic situation, however, many candidates have opted for online project management courses. PMI has also made online proctored exam mode available for PMP due to COVID -19 lockout constraints.

PMP certification classes should be done from a good place.

August 28, 2021 0

Your roadmap to success – PMP Certification training!

PMP Certification Training is a good move, to excel in your career as a project management. The prestigious PMP credential is offered by the Project Management Institute (PMI) which is designed to test the applicant’s skills, knowledge and expertise of project management concepts. The training enhances your confidence to successfully clear your examination.

Know your basics of the certification training

The training initially starts off with a basic overview of the study material, along with the introduction of the certification. The training will effectively prepare you for your 4-hour examination and will further boost up your confidence to undergo the extensive PMP Exam prep. The training also gets you the mandatory 35-hour professional hours, required to be able to appear for the examination.

During the PMP training, you will be guided through the entire course with the help of certain tools and techniques that will effectively help you gather the PM concepts easily. A professional training also increases your chances of successfully clearing the examination. The training defines a career path as certified project manager. The credential also gets you a better job prospect with a high salary and helps you to further grow your networking.

Find the best certification training institute in Canada

You can go through the handbooks that are published by the globally renowned IIBA and PMI, which can help you get a basic idea of the examination, training exercises, workshops, seminars and prerequisites. Are you seeking for a certification training institute?

There are numerous training institutes across Canada that offers state of the art professional certification training services. One such pioneer in Toronto is, Education Edge. The instructors are PMI and IIBA authorized and have an impeccable record of passing candidates. The institute is widely known for its CBAP, PgMP, CCBA, PMP Certification training and examination prep.

August 20, 2021 0

What are the details of PMP exam prep?

If you’re aiming for PMP certification, you’ve got a bright future ahead of you! However, becoming a PMP is more than just passing a test. To prove that you have what it takes to be a PMP, you’ll need real-world project management education and experience.

Here’s a quick summary of PMP requirements—along with the prices you may anticipate to pay—so you’ll be ready to apply for certification when the time comes. We’ll also give you a quick overview of the PMP exam prep.

PMP certification eligibility criteria

Let’s begin with the most fundamental question: who is eligible to take the PMP exam?

The following three prerequisites determine whether or not you are eligible for PMP certification:

Years of project management experience: If you worked on many projects in the same month, only one of them counts toward your experience requirement. It makes little difference if portion of your project management job was unpaid, as long as you obtained experience in a professional setting. School or personal endeavors, such as arranging your own wedding, are not included.
Total number of hours you’ve spent managing and directing projects: It’s fine to count all of the hours you led and supervised projects for this PMP certification training criterion, even if the work overlapped. Simply take individual endeavours out of the equation. This requirement is for cross-functional team projects in which you were accountable for all aspects of the project and managed it within the triple constraints of time, cost, and scope.
Hours of formal project management education: You’ll need to invest time learning the ins and outs of project management before applying for PMP certification. This prerequisite applies to any course, workshop, or training session that covers key project management precepts and gives an assessment or certificate of completion. Prepare to give the names of the courses you completed, the institutions you visited and the dates you attended, as well as the number of qualifying hours you earned. The contact hours you’ve gained have no time limit.

Requirements for PMP certifications: bachelor’s degree or equivalent

3 years (36 months) of non-overlapping professional project management experience
4,500 hours leading and directing projects
35 hours of formal project management education

Requirements for PMP certifications: High school diploma

5 years (60 months) of non-overlapping professional project management experience
7,500 hours leading and directing projects
35 hours of formal project management education

What is the cost of PMP certification?

There are several charges associated with taking the PMP certification exam. You’ll save even more money in the long run if you join PMI, especially if you plan to keep your PMP certification current and renew it on a regular basis.

Always the keep the above given information in mind during PMP exam prep. This will help you in the future as well. Just put complete focus in the preparation.

August 12, 2021 0

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?

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 7^th 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.

August 9, 2021 0

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.

August 7, 2021 0

Top advantages of PMP certification

The Project management Institute is the supreme and the biggest project management organization of the world. The PMP exam is considered to be the toughest exam in project management. But if prepared in a proper and structured way can help you crack the examination with ease.

The PMP certification ensures the employees that you are committed to Project management company of the world. After successfully clearing the PMP examination you will come under the niche category of the project managers.

The PMP certification will make you stand out of the crowd. the best part about PMP certification is that candidate who has PMP certification will be offered a good salary as compared to someone who do not have a PMP certification.

You should be PMP for some certified reasons that are: –

It is the proof of your expertise performance
It will help you get better salary options
It improves your marketability
It enhances confidence especially in the organization to hire you

Let’s see the top advantages of PMP certification.

The PMP certification will make your resume look great-It improves your resume. in addition to this, the PMP certification of the project management is required by many employers. They would not want to hire people those who do not have PMP certification. That shows the importance of PM certification.
PMP improves your skills- handling or leading a particular project needs a lot of attention and dedication. That you will be taught while taking the PMP course. Thus, during your certification you will be taught extensively on improving your skills and knowledge.
Improvement in salary- candidates those who have a PMP certification are always well hiked in terms of salary and salary package as compared to those candidates who do not have a PMP certification. Getting a good amount of salary is something you should consider to take up the PMP certification.

Details that you must know: –

PMP exam duration is for 230 minutes.
The number of questions will be 180 that can be multiple choice type.
The PMP exam is available in English language. But there are although 14 other languages as well.
The cost of the exam for PMI members is USD $405 and for non-members the exam cost is USD $50.
The exam is valid for three years.

Conclusion I hope the above blog regarding PMP certification must have catered to all of your doubts. If you are also looking for the PMP certification, then come and join us today. We are experts in providing the best PMP certification that is approved globally and accredited by professional institute.

July 27, 2021 0

How to ace PMP Exam prep as a newcomer?

One of the most renowned project management accreditations offered by the Project Management Institute (PMI) is the Project Management Professional (PMP). It can sometimes be a daunting task to fulfill the PMP Exam prep process to become a certified PMP. Here are guidelines to help you receive your qualifications effectively.

Guidelines to help you obtain the project management certification

Be a member of PMI. After you become a PMI member you can witness numerous perks. You can receive good savings on exam costs and use the PMBOK guide free of charge not only for using the PMI Global Standards Library and other digital PMP forums. It also lets you create a powerful network throughout the world with other project managers.

To order to take the PMP Exam prep you have to undergo the mandatory panel preparation to obtain the 35-hour PDUs. You must then apply and complete the review application by accessing the official PMI website. PMI must evaluate your submission to verify your background in project management to decide if you are eligible to participate in the study. You will pay the review charge when accepted and complete the audit formalities.

Craft a solid study plan

Prepare for your examination and make a solid study plan. The training requires normally 6-8 weeks, so the test must be arranged appropriately, so that a few days are available for revision. You will regularly practice certification in project management or business analyst certification to try to solve as many samples of problems as you can to help you identify and function in your weak areas. You can use the tools and simulators to enable you better understand the concepts of the exam course. Practice is your key to successfully obtaining a professional certification. A professional credential can help you land on better job prospects, with a higher salary and strong networking. Appear for the exam. Execute and Succeed.

July 26, 2021 0

Get to know all about the PMP Course

If you dream of becoming a highly successful project manager, you definitely must aim to get certified with the PMP certification, which is one of the most renowned as well as the most advanced certification in the field of project management. Additionally, it is regulated under PMI, which is one of the best project management institutes and all its certifications are accepted by a majority of international firms. If you wish to know more details about his advanced PMI certification, you should thoroughly go through the details that have been mentioned down below.

Know your eligibility for the PMP Certification:

If you really wish to gain the PMP certification, you need to first become eligible to appear for the PMP exam. If you succeed in fulfilling either one of the below-mentioned requirements, you can appear for the certification exam.

If you hold a high school diploma, you will need to have at least 5 years of professional work experience and gain at least 7500 hours of working. You would also need to complete 35 hours of mandatory PMP prep.
If you hold a 4-year degree certification or an even higher educational qualification, you would need at least 3 years of professional experience, combined with a minimum of 4500 hours of working. You would also be required to complete the 35 hours of mandatory PMP prep.

Boost your Preparation for the PMP Certification Exam:

First and foremost, you should carefully go through the content course for the PMP exam that has been introduced by PMI. Also, make sure that you get only the latest content course, that too from an official source.
You should also try to take as many mock exams as possible before you finally decide to take down your final certification exam. It will allow you to have a better understanding of the certification exam and also allow you to become better at time management.
You should also have a good enough grasp of the guidelines and standards that have been mentioned in the PMBok knowledge guide to have better chances of clearing the exam.

If you do not see yourself eligible for the advanced PMP certification by PMI, you can also target to get certified with the CAPM course for now. CAPM is also regulated under PMI, however; it is not mandatory to hold any kind of professional experience to appear for this certification exam.

April 3, 2021 0

Effectively planning for CAPM and PMP Certification

For professional s working in the fields of Project managements, PMI (Project Management Institute) gives two expansive certification courses, CAPM (Certificated Associate in Project Management) and PMP (Project Management Professional). These certifications will demonstrate an adrenaline went for your profession as a Project manager that allows you to stand apart from the group and get felt around the world.

Getting set for PMP

For professional s who have been utilized as project managers for in any event five years now, PMP certification is an imperative certification. At the point when you are qualified for the audit and have it cleared, you can zero in on bigger activities and a more worldwide gathering, rather than zeroing in on home grown and nearby projects. PMP certification will permit you to make global names for yourself.

To get ready for PMP, you should experience the PMBoK and altogether comprehend the guide. Comprehend the exam layout, pass the certification substance and lead mock evaluations to guarantee that you are certified interestingly.

Get ready for CAPM

CAPM Exam prep requires a remarkable timetable and a procedure to clear the exam. Make a synopsis of the course and ensure you have painstakingly covered the course material. The involvement with the field is an incredible help for this examination, since you know and comprehend what the exam is for and what you must to react to.

Your nearby PMI part in Toronto will assist you with understanding muddled subjects and furnish you with customary work updates and prospects for various projects nearby Project Management. Other than getting a foundation in the field, you can likewise cooperate and coordinate with different candidates and even senior professional s about how to take the exam and how best not to get disappointed by the exam.

These certifications will demonstrate an adrenaline went for your profession as a Project director that allows you to stand apart from the group and get felt around the world.

March 24, 2021 0

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