Project Management, PMI Project Management, PMI PerspectivePerspective

Project DefinitionProject Definition

A Project can be defined as temporary A Project can be defined as temporary endeavours undertaken to create a unique endeavours undertaken to create a unique product, Service or result. The temporary product, Service or result. The temporary nature of project indicates a definite nature of project indicates a definite beginning and end.beginning and end.

( ( PMBOK Guide – Fourth Edition from PMIPMBOK Guide – Fourth Edition from PMI))

Characteristics of A ProjectCharacteristics of A Project

A project has a unique purposeA project has a unique purposeA project is temporaryA project is temporaryA project require resourcesA project require resourcesA project has a primary sponsor or A project has a primary sponsor or

customercustomerA project involves uncertaintyA project involves uncertainty

Examples of ProjectExamples of Project

Development of a software product.Development of a software product.Effecting a change in the structure, staffing Effecting a change in the structure, staffing

or style of an organization.or style of an organization.Construction of building and infrastructure.Construction of building and infrastructure. Implementing a new business process.Implementing a new business process.

Project vs. OperationProject vs. Operation

Project deals with the Project deals with the management of a specific management of a specific project, which has a project, which has a commence date, a commence date, a number of tasks and a number of tasks and a completion date. This is completion date. This is further explained as the further explained as the management of a specific management of a specific project. project.

Operations refers to Operations refers to the ongoing the ongoing management of daily management of daily works of a company, works of a company, such as technical such as technical support, network support, network management, etc. management, etc. With Operations With Operations Management, there is Management, there is no set end point. no set end point.

Project Management Institute (PMI)Project Management Institute (PMI)

PMI is the world’s leading not-for-profit PMI is the world’s leading not-for-profit association for the project management association for the project management profession. Founded in 1969 by working profession. Founded in 1969 by working project managers.project managers.

420,000 members and credential holders 420,000 members and credential holders till date. till date. 250 chapters in over 70 countries.250 chapters in over 70 countries.

Five globally recognized PMI credentials. Five globally recognized PMI credentials. A Guide to Project Management Body Of A Guide to Project Management Body Of

Knowledge Knowledge (PMBOK Guide)(PMBOK Guide)

What is Project ManagementWhat is Project Management

Project Management is the application of Project Management is the application of knowledge, skills, tools and techniques to knowledge, skills, tools and techniques to project activities in order to meet project project activities in order to meet project requirement. requirement.

( ( PMBOK Guide – Fourth Edition from PMIPMBOK Guide – Fourth Edition from PMI))

Alternate Definition of Project Alternate Definition of Project ManagementManagement

Project Management Project Management is the act of managing is the act of managing project triple project triple constraints i.e. scope, constraints i.e. scope, time and cost to bring time and cost to bring about a desired about a desired result.result.

Project Management Process Groups/ PhasesProject Management Process Groups/ Phases

Project Process Groups/ Knowledge Areas Project Process Groups/ Knowledge Areas MappingMapping

•  Certified Associate of Project Management (CAPM)®This is to recognize a project team member or contributor who is responsible for individual project tasks in his area of expertise.

• Project Management Professional (PMP)®(PMP) is to recognize those who leads and direct cross-functional to deliver project within the constraint of Schedule, Cost & Scope.

•  Program Management Professional (PgMP)® It recognizes qualifications of the professional who leads management of multiple projects toward a strategic goal program.

•  PMI Scheduling Professional (PMI-SP)® (PMI-SP) recognizes a scheduling professional's knowledge, skills & experience in the area of project scheduling.

•  PMI Risk Management Professional (PMI-RMP)® (PMI-RMP) recognizes a risk management professional's knowledge, skills & Experience in the area of project risk management.

PMI Credentials PMI Credentials

Benefits of Earning PMI CredentialBenefits of Earning PMI Credential

PMI credentials show your commitment & PMI credentials show your commitment & achievement to the project management profession.achievement to the project management profession.

PMI credentials globally recognize your knowledge, PMI credentials globally recognize your knowledge, skills and abilities. skills and abilities.

PMI credentials can lead to better career PMI credentials can lead to better career opportunities and advancement. opportunities and advancement.

PMI credentials prepare you for greater job PMI credentials prepare you for greater job responsibilities. responsibilities.

PMI credentials improve skills and knowledge.PMI credentials improve skills and knowledge.

PMP Credential RequirementsPMP Credential Requirements A bachelor's degree and 4,500 hours/ 3 years of PM A bachelor's degree and 4,500 hours/ 3 years of PM

experience OR a secondary school diploma and 7,500 experience OR a secondary school diploma and 7,500 hours/ 5 years of PM experience. hours/ 5 years of PM experience.

35 contact hours of classroom instruction that relates to 35 contact hours of classroom instruction that relates to project management objectives. Several types of project management objectives. Several types of courses fulfill this requirement. courses fulfill this requirement.

Pass the PMP exam, which consists of 200 multiple-Pass the PMP exam, which consists of 200 multiple-choice questions to be completed in 4 hours. choice questions to be completed in 4 hours.

Costs: Costs: PMI membership costs $100. Certification fees PMI membership costs $100. Certification fees are $555 for non PMI members and $405 for members.are $555 for non PMI members and $405 for members.

Credential maintenance cycle is 3 years and Credential maintenance cycle is 3 years and requirements of 60 PDUs in a planned learning activity.requirements of 60 PDUs in a planned learning activity.

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