ABOUT THE COURSE:
The Project Management Professional (PMP) is the world’s leading project management certification. Now including predictive, agile and hybrid approaches, the PMP proves project leadership experience and expertise in any way of working.
It supercharges careers for project leaders across industries and helps organizations find the people they need to work smarter and perform better.
The PMP certification is designed by project professionals, for project professionals and validates that you are among the best—highly skilled in:
People: emphasizing the soft skills.
Process: reinforcing the technical aspects of successfully managing projects.
Business Environment: highlighting the connection between projects and organizational strategy.
PMP certification validates that you have the project leadership skills employers seek.
WHAT WILL I LEARN?
The PMP certification has stringent rules. As a result, passing this exam without a lot of preparation is challenging. Additionally, you must master the material’s practical application. Several hard and soft skills must be learned in order to obtain the PMP credential.
It increases knowledge of the essential tools, techniques, and approaches used in project management. Additionally, it exposes you to modern project management trends and best practises. Project management tasks can teach you new tips and tactics as well.
- Project coordinator.
- Portfolio and Program manager.
- Project director.
- Product owner.
- Project manager consultant.
As per PayScale reports Average base salary is 21,450 USD per anum.
The Project Management Professional (PMP)® certification, which is a widely respected project management credential, assesses a candidate’s capacity to oversee the people, procedures, and business priorities of a professional project. According to the Project Management Institute (PMI), which oversees the certification, there are over a million PMP holders worldwide. It is useful to project managers in almost every area, including business, information technology (IT), construction, and health.
The PMP Certification adds value.
The PMP Certification delivers benefits.
The PMP Certification proves you work smarter.
QUESTION AND ANSWERS:
Explain what is a project?
Answer: A project is a collection of tasks/activities carried out to produce a product, service, or outcome. These are transient in the sense that they are not regular work, such as production, but rather a one-time set of activities.
Can you give a few examples for more context?
Answer: A product project will result in a finished product or a portion of a finished product. The Microsoft Surprise tablet, for example, was made using a liquid magnesium deposition process to make the casing. The process established during the research will be used to manufacture the tablet in the future. Creation of a new product or process (as in the example), construction of a road or bridge (infrastructure in general), development of a computer/information system, and so on are all examples.
Explain Project Management in your own understanding
Answer: Project management entails putting the project team’s expertise and abilities, including the project manager’s, to use, as well as the tools and procedures at hand, to guarantee that the set tasks are accomplished correctly. The term “proper completion” refers to achieving end outcomes within budget and time restrictions. It usually entails balancing the scope, budget, time, quality, risks, and resource restrictions.
Is there a distinction between different types of activities in a project?
Answer: During the course of a project’s existence, it is common for it to go through a series of activities that may be easily identified. Some common activities that are associated with starting a project can be recognized. To plan the actions to be conducted in order to attain the given goals, a set of activities must be planned. Executing a set of activities aids in the completion of the project. A connected set of activities is required to monitor and rectify the project’s course of action in order to keep it on track. The final group of actions is concerned with the project’s systematic closure. The most crucial of them is, of course, to formally record what was learned during the project’s implementation. Organizational process assets are a set of documents, relevant forms to be utilized, the manner estimates are to be made, a database of estimates for similar projects, and so on that have been recorded.
Differentiate the following terms in Project management: Projects, Programs, and Portfolio.
Answer: Projects are carried out for a single or a group of connected goals. A program is a collection of projects that are managed together to achieve various aspects of a larger purpose. The command module and lunar landing modules, for example, were developed as separate programs for NASA’s lunar landing program. A portfolio is a collection of initiatives, programs, and even other portfolios that work together to assist a company to achieve a high-level business goal.
What does being a stakeholder entail?
Any individual, organization, or entity whose interests are impacted by the initiative, whether positively or negatively. Stakeholder influence is a key factor to consider during any planning process, and then again during implementation.
What are the Impacts that a Project Manager effects on the organization?
Answer: Every organization has its own method of doing things, as well as collective wisdom on how to do things in the best manner possible, which influences the planning and execution processes. When estimating and planning project-related tasks, these factors must be taken into account. The term “organizational environmental factors” is frequently used.
What are the skills essential for a successful project manager?
Answer: In order to be effective, the PM must have additional personal qualities in addition to being a skilled professional manager. It is not only necessary for him to have project management abilities, but it is also necessary for him to be proficient in them. It is necessary to have the right attitude, basic personality traits, and leadership qualities. Team management and leadership skills are essential to help the team achieve common objectives and goals.
Define processes and process groups?
Answer: A process is a set of steps that must be followed in order to complete a task. The process not only specifies the acts to be completed but also the order in which they should be carried out. Process groups are a collection of processes that can be used at different stages of a project. For instance, a group that initiates the process, a group that plans the process, and so on. Each process takes a defined set of inputs and uses a set of tools and techniques to produce a defined set of outputs.
Elaborate on the life cycle of a Project.
Answer: When the range of activities necessary to complete project work varies, a project has multiple phases. There is a definite “start” phase, which is followed by a phase of organizing and preparation. “Carrying out” refers to the project’s actual execution. The “closing” phase ensures that the project’s temporary operations are concluded in a systematic manner. Phase gates, exits, milestones, and death points are all terms used to describe the points in time where phase shifts occur. If a project should be closed, it is decided at these stages based on its performance or whether the project’s requirement has vanished.
What is a project charter?
Answer: This is the starting point for everything. This document is used to authorize projects, and projects are started using the top-level requirements provided in this document. It also includes a description of the project’s initial requirements as seen by stakeholders and the project’s outcomes.
Explain “plan baselines”?
Answer: Before the project execution begins, baselines are the final form of all blueprints. Project baselines are the initial versions of all project-related plans, such as the time schedule, quality plan, communication strategy, and so on. This serves as a benchmark against which project success is judged.
What is a Statement of Work (SOW)?
Answer: The statement of work, or SOW, is a precise description of the project’s outcomes in terms of what products, services, or results are expected. If the customer is the one who requests the project, the most complete SOW is usually provided by him.
What is scope management and what does it entail?
Answer: Collecting requirements, defining scope, developing WBS, confirming scope, and controlling scope are typical steps in this process. The scope baseline is defined by the project scope statement, WBS, and WBS dictionary. Scope creep must be minimized by controlling the process of the scope.
What methods should be used to manage changes?
Answer: Through the use of an integrated change management methodology. A change control board will have to review any requested changes. Only the changes that have been approved should be included in the document changes that guide project execution.
Define Work Breakdown Structure (WBD), and how does it influence task/activity work estimates?
Answer: The work breakdown structure describes the project’s work activities as well as the sub-activities for each work requirement. The breakdown is broken down into tiers where all of the work that needs to be done is evident. Work does not need to be broken down any further. Additional data that assist describe the tasks are included in the work breakdown dictionary. When all aspects of the work and dependencies are known, time and effort estimations can be correct.
What are some methods for determining scope?
Answer: They can be listed as below:
- Product breakdown
- Requirements analysis
- Systems engineering
- Systems analysis
- Value engineering
- Value analysis
- Alternatives analysis
- Brainstorming, lateral thinking, and pair-wise comparisons, among other techniques, can aid in alternative analysis.
What role does project scheduling have in project completion?
Answer: When the activity effort and resource estimates are known, how the tasks are scheduled determines how much work gets done. Other activities’ dependencies must be properly understood. What actions should be done first and what should come after determine the basic order. To save time on a project, unrelated tasks/activities might be sequenced in parallel. Given optimum resource allocation and no constraints, the most optimized sequencing would offer you the best potential time needed. After the WBS has been finished, the activities list is used to schedule.
How are the estimations for “activity time” made?
Answer: Techniques for estimating activity time estimations include parametric estimates, three-point estimates, and similar estimates.
What is the most common way the project time schedule is represented?
Answer: An activity scheduling network diagram is the most typical depiction of a project time schedule. Milestone charts and bar charts are frequently used in conjunction with this.
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