Tag: PMP prep course

8 Key components to create a successful Project Roadmap!

It’s easy for a project manager to get lost in the details and lose sight of the big picture due to all of the components of a project. But how can you see the big picture of the project to make sure you’re on the right track? How can you easily explain how your project will progress to your stakeholders without having to break down the entire project management plan?

The best way to summarise the what, why, and how of your project into an easy-to-understand document that can be shared with anyone is to create a project roadmap. A project management roadmap is a one-of-a-kind tool that serves a purpose distinct from other project documents like a project charter, milestone chart, or project plan.

The following are the key components you’ll need to create a project roadmap:

  1. Project Overview

The main focus of any project roadmap is the project’s high-level goals and objectives. Your project goals and objectives are explained in detail in your project charter, so there’s no need to go into great detail here.

  • Project Risks

List the major project risks that could cause your project to fail or jeopardise key project elements such as the scope, schedule, goals, stakeholder expectations, quality assurance, and so on.

  • Schedule Overview

You should include a schedule overview in your project roadmap because it is a visual timeline of your project. Only the most important project milestones and deliverables will be included in this schedule overview. For a more detailed representation of your project schedule, Gantt charts can be used.

  • Dependencies

Note the important project deliverables and how they’re connected, but only from a high-level perspective. The simplest way to represent dependencies is to use a Gantt chart software tool that allows you to link dependencies when creating your project roadmap.

  • Resources

Make a list of the resources you’ll need to complete the project. Human resources, such as your project team, and physical resources, such as equipment and materials, are examples.

  • Key Individuals

Make a list of the project’s key players and how to contact them.

  • Kick-off Meeting

Meet to discuss the project management roadmap and ensure that all stakeholders’ expectations are clear. (An agenda for the kick-off meeting should be prepared.)

  • Tasks & Assignments

Ownership is another aspect of the project roadmap. That is, all of the project’s participants’ roles and responsibilities are outlined. The project roadmap identifies who is responsible for what, allowing tasks and deliverables to be tracked.

Need more insights on the same? Enrol in a PMP prep course online program today!

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How can you turn “Managing Projects” into a cakewalk?

Given below are top 7 tips to become a more effective leader while doing your projects. All these are also taught during your PMP prep course.

  1. Reduce the number of projects you start with

That’s right, you read that correctly. Many initiatives will never get off the ground until you conduct a thorough feasibility analysis, develop a cost-benefit analysis, and examine the potential hazards involved. THIS IS A FANTASTIC IDEA.

  • Ensure that all initiatives are in line with existing strategies.

Examine your whole portfolio of upcoming and ongoing initiatives to see which ones are most suited to your current strategic goals. ONLY work on initiatives that are in line with the direction your company is taking. BEFORE we start every project at Education Edge, we run a quick opportunity assessment to see which ones are a good fit. Every quarter, we evaluate our current projects to see if they are all worthwhile to pursue.

  • Understand the meaning of the term “completed.”

Examine what it will take to complete a project as a group once you’ve agreed to pursue or continue it. This is something you can do BEFORE or AFTER you begin or complete your projects. Scope creep can occur as soon as you begin working on a project. If you and your team have a shared knowledge of what it takes to accomplish the project, you’ll be lot more motivated to finish it.

  • Reduce the risks of completion

On a daily basis, review the risks associated with the execution of your project. Begin the procedure PRIOR to starting your project. Determine the risks and design strategies to eliminate, mitigate, and manage them. Determine who is in charge of lowering the project’s risk of failure and what would motivate them to complete the project on time.

  • Deliver results as fast as you can

Make sure you can deliver something beneficial to whoever is paying for the project early on. Nobody likes to wait for results. Show results in a monetizable way as soon as possible.

  • Pay attention to who is with you

Bring on the proper people as soon as feasible, and get rid of the wrong individuals as soon as possible. Your project isn’t a warehouse for stuff that the company doesn’t know how to use properly. Occupational suicide is the name for “special projects.”

  • Quality is a measure of how much you care

It also costs a lot less money to do the task correctly and follow the correct processes. Someone else cannot force you to do or refrain from doing anything of high quality. Recognize the techniques you’re employing to create project deliverables. Check to check if they’re up to date, or work to get them updated as soon as possible.

Focus more on PMP prep course to become a good project manager.

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What are the perks of Social Cost Benefit Analysis in Project Management?

A social cost-benefit analysis allows for a thorough comparison of various project options in project management. This isn’t just a financial issue. Nonetheless, a SCBA considers non-financial consequences. Take, for example, the impact of increased accessibility on the environment, the economy, and other factors.

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

Both investments may be able to take advantage of social cost advantages. As a result, public investment is critical for the economic development of a developing country.

  1. Market Instability

A private corporation would assess a deal based on productivity and market prices. Additional factors, however, must be considered by the government. In the face of market inefficiency and when market pricing is unable to do so, identifying social costs. These hidden social costs are referred to as “shadow prices.”

  • Investments & Savings

A market investment is a business venture that results in higher savings.

  • Income is distributed and redistributed

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

  • Career and Living Standards

The impact of a programme on employment and living standards will also be considered. As a result of the contract, more jobs and higher living standards are expected.

  • Externalities

Externalities can be both beneficial and harmful to a company. As a result, both effects must be considered before approving a deal. For example, positive externalities can include technological advancements, whereas negative externalities can include rapid urbanisation and environmental degradation.

  • Subsidy and Taxation

Subsidies and taxes are both classified as expenses and revenue. In a social cost-benefit analysis, taxation and subsidies, on the other hand, are considered transfer payments.

Want to learn more insights on the same? Enrol in a PMP prep course today.

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Quick PMP preparation tips

Taking and passing the PMP (Project Management Professional) Exam is crucial for anybody interested in project management, whether they have prior experience or are new to the field.

The PMP Certification will equip you to lead projects using practically any methodology as a project manager, as well as boost your pay and earning potential. The expertise indicated by passing this exam is highly valued by potential employers, and it will considerably supplement any knowledge gained via training and experience.

The PMP prep course is not one for which you can cram all night and then spit out the facts the next day. It necessitates forethought and planning. With that in mind, we’ve put together a list some of the preparation suggestions that can help you pass the PMP exam and advance in your career.

  1. Know your learning capability

Before you do anything else, you should figure out how you learn best so you can plan properly. Everyone is different, and while some people like to study alone, others thrive in a classroom setting.

Examine your school experiences and consider which learning strategies worked best for you and helped you achieve in your studies.

Even if you decide that solo learning is the best approach for you, you should still plan out a study schedule and make sure that you stick to it. This may entail setting alarms for yourself, devising a reward system (e.g., no going out on Friday unless X is completed!), and enlisting the help of friends or family to hold you accountable.

  • Join PMI and schedule your exam

You’ll want to double-check that you’ve met all of the prerequisites before registering for PMI membership and scheduling your exam. To be qualified for PMP certification, you must have one of the following skills:

  1. A four-year degree combined with three years of project management experience, 4,500 hours of project management experience, and 35 hours of project management education.
  2. A secondary degree, five years of project management experience, 7,500 hours of project management experience, and 35 hours of project management education are all required.
  • Make a plan and stick to it

If you intend to prepare for the exam on your own, develop a study plan once you’ve marked the exam date on your calendar. It’s critical to be realistic and not set unrealistic expectations for yourself.

Take a look at your weekly schedule. When do you get a chance to relax? What are some of the things you’ll have to give up while studying for the exam (for example, hobbies or free time)? Could you forego your lunch break and study at your work instead?

If you are completing your PMP prep course with sincerity then there is no going back.

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PMP Certification: Things you must know before appearing for the exam!

Project managers with a PMP Certification, in every industry, are a key factor in deciding whether a project is profitable or not. Skilled project managers are sought by organisations all over the world who can contribute their skills and experience to a challenge and produce profitable returns for the company. To continue on the road to acquiring a PMP, you must have extensive knowledge of the project management body of knowledge (PMBOK) and other exam preparation tools. There is a large selection of PMP courses available online that cover some of the methodologies, vocabulary, and guidance that can help you with project management issues.

What is the PMP examination pattern?

The exam programmed is divided into ten information areas and five procedures. The exam will last four hours. Each exam consists of 200 multiple-choice questions (175 scored and 25 un-scored). Guides and guides are helpful, but the test must be passed after thorough PMP Exam prep.

For success on the application, the words in the PMBOK guide must be memorized and their values applied. The credential has many contextual illustrations, and the vocabulary of the fields of interest must be understood.

The PMP certification is widely accepted by employers. To obtain the certificate, an applicant must meet the PMP preparation and assessment requirements, apply on-line, conduct an investigation, and plan the PMP exam. People who want to expand their career possibilities, increase their earning potential, and develop their skills should pursue PMP prep course and certification.

Obtain a professional certification

The PMP is a globally recognised technical certification that certifies the holder’s project management training and experience. There are actually 703,013 people around the world who hold the PMP certification. With the exponential growth in the number of PMPs, many new positions and organisations for PMI or IIBA Certification have emerged.

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CAPM and PMP prep course that will help you become a successful project manager!

In this pandemic, we understood that we are bidden to continue to accomplish various objectives. The objective of being the awesome the market, the objective to hold an additional degree, the objective to be a stickler, and so forth. The overviews have been done and it has been discovered that the experts which are searched for by the selection representatives are extremely less, subsequently, the interest is exceptionally high. In such conditions, settling on various qualification projects would merit the time and speculation.

We have gotten two of the well-known courses i.e., CAPM and PMP prep course, that are selected by applicants around the world. Learn underneath the advantages of these projects to comprehend them in a superior manner.

Advantages of doing CAPM and PMP course:

  • Certified Associate in Project Management is the most ideal choice for wannabes who need to set their profession as Project Manager as it gives you a base on which your insight into columns will set. Though, if you do the Project Management Professional course, it will assist you with catching everyone’s eye as it will expand your believability on the lookout.
  • You will gain proficiency with all the major information and phrasings that are identified with the work job. This will help you in handling true issues effortlessly.
  • It has been discovered that the acquiring capability of the applicants increments once they clear the CAPM test Or PMP and get affirmed as they are viewed as more dependable and educated.
  • It will resemble a triumph stepping stool for your vocation as you will get an opportunity to build up believability with expected businesses.
  • Not just public yet you can consider global firms also because these affirmations are acknowledged and famous around the world.

To finish up we could say that on the off chance that any of the projects are finished unique, at that point entryways of chances will open as it will clean you to be a superior and amazing Project Manager. The solitary reason for doing these PMP or CAPM Exam is to tune your current information and at the same time increment your procuring potential. All in all, what are you sitting tight for?

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Top 5 Types of Documents Used in a Project!

Regardless of the type of document used in a project, it is critical to keep it concise, current, and up to date. Making such project documents a habit will encourage the entire team and all stakeholders to collaborate and stay on track.

  1. Business Case 

Before beginning any project, it is critical to ask why. As a result, these business case documents will emphasise the project’s importance. What is the goal of a project and what is the expected outcome?

A business case project document can be a multi-page document or a simple one-page write-up explaining the project details, depending on the size of the project. This document, as well as an economic feasibility study, must be provided by the project sponsor, according to the project manager.

  • Charter 

The project charter is the formal authorization permit that allows the PM to own the project by creating a plan, executing, and managing it. The project scope, timelines, requirement details, DoD, cost, project success factor, as well as people and other resources, must all be included in a typical project charter.

  • Accountability Document 

The PM must now identify people within the team who will be responsible for each task to be completed once the scope has been determined. This is essentially a matrix representation of who is in charge of what. All team members will have a clear understanding of their roles as a result of this. This aids in the setting of expectations and ensures that there is no communication breakdown.

  • WBS 

A work breakdown structure is a method of breaking down the work. Once the team understands their roles, they must determine when to begin a task and what the timeline is. The project deliverables will be broken down into chunks of work based on the objective in the WBS. With this document, allocating resources is a breeze. This document provides a clear picture of how the work is distributed among the team members.

  • Risk Logbook 

However, no system is perfect, and there is always the possibility of unavoidable risks. However, this cannot be used as an excuse for the project’s delay or the failure to meet a key deadline. As a result, it’s a good idea to create an issue tracker and fill in details like what the problem is, how it occurred, who can solve it, and when it can be fixed.

Need more insights on the same? Enrol in a PMP prep course program at Education Edge today!

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PMP Certification exam prep tips you need to adapt

Preparing and preparing for the widely sought-after PMP Certification is a time-consuming and exhausting undertaking. While the Project Management Professional (PMP) Certification is more difficult than most other professional credentials, with proper preparation and a well-organized study schedule, you can pass the PMP Test on the first attempt. The PMP Course has a lot of content, and you’ll need to be able to learn all of the domains in order to pass. Receiving a credential and preparing for the PMP Exam takes about 2-3 months on average. The following are some quick pointers to help you build a plan, prepare for the test, and obtain certification.

How to prepare for the PMP Certification exam?

The PMBOK is the key study guide, and it is extensively used in the test. The PMBOK is divided into five project management classes and ten information fields. Check the calendar, set a deadline, and make a research schedule for it. Start with the PMBOK guide and proceed to other PMP research materials as appropriate. The planning is insufficient without a detailed understanding of the PMBOK guide. Break the information fields down into smaller bits and work on one process every day. Rather than merely memorising the definitions, make an attempt to learn them all.

How to deal with the daunting exam prep?

The PMP prep course necessitates a toolkit chock-full of tools to help you complete the exam. There are so many opportunities to explore when looking for the best research content on the market that it can be difficult to decide where to begin. Preparing for these PMI or IIBA Certification examinations takes a lot of time and preparation, so if you concentrate on the basics, you’ll be able to see the similarities between the processes and have a stronger understanding of both.

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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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