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In Order To Understand The Body Of Knowledge

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Presentation on theme: "In Order To Understand The Body Of Knowledge"— Presentation transcript:

1 In Order To Understand The Body Of Knowledge
Programme Aims Understand Basics of Project Management. 2. Understand PMBOK Exam Requirements Project Management Body Of Knowledge Project Management Body Of Knowledge In Order To Understand The Body Of Knowledge Within Project Management

2 What are the Four Fundamentals Of A Project
Project Management is a Discipline And A Body Of Knowledge A unique product that can be either a component of another item, an enhancement or correction to an item, or a new end item in itself (e.g., the correction of a defect in an end item); A unique service or a capability to perform a service (e.g., a business function that supports production or distribution); A unique result, such as an outcome or document (e.g., a research project that develops knowledge that can be used to determine whether a trend exists or a new process will benefit society); and A unique combination of one or more products, services, or results (e.g., a software application, its associated documentation, and help desk services).

3 What is the Reasoning Behind Project Management
Changing the present State of an Organization to Create Business Value within a set Period of Time Business Value . . Future State Projects A. Activities B. Activities C. Activities Time

4 What are the Project Phases
Initiating Planning Execution Closing Monitor & Control

5 What are the Project Phases
Integration Stakeholders Scope Project Knowledge Areas Procurement Time Risk Cost Communication Human Resource Quality

6 What are the Project Areas

7 Project Process Groups
Knowledge Areas Project Process Groups Initiating Planning Executing Monitor & Control Closing Develop Project Charter Project Management Plan Direct & Manage Project Works Monitor & Control Works. Perform Integrated Change Controls Close Phase / Project Integration Management Project Management Processes Process Components Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope Time Management Time Management Plan Schedule Management. Define Activities Sequence Activities Estimate Activity Resources. Estimate Activities Duration. Develop Schedule. Control Schedule Cost Management Plan Cost Management Estimate Cost Determine Budget Control Cost Quality Management Plan Quality Management Control Quality Perform Quality Assurance

8 Project Process Groups
Knowledge Areas Project Process Groups Initiating Planning Executing Monitor & Control Closing PLAN HR Management Form Teams Develop Teams Manage Teams HR TEAM Management Project Management Processes Process Components Communication Management PLAN Communication Management Control Manage Risk Management Plan Risk Management Identify Risk Perform Risk Analysis Plan Risk Responses. Control Risk Procurement Management Plan Procurement Management Control Procurement Close Conduct Plan Stakeholder Management Control Engagement Identify Stakeholders Manage Stakeholders Management

9 Project Process Groups
Knowledge Areas Project Process Groups Initiating Planning Executing Monitor & Control Closing Integration Management Process Components Project Management Processes Develop Project Charter • Plan Scope Management • Collect Requirements • Define Scope • Create WBS • Plan Schedule Management • Define Activities • Sequence Activities • Estimate Activity Resources • Estimate Activity Durations • Develop Schedule • Plan Cost Management • Estimate Costs • Determine Budget Direct & manage Project Works Perform Quality Assurance Monitor & Control Works Perform Intergrated Change Controls Valide Scope Control Scope Control Schedules Control Cost Control Quality Close Phase & Project Close Procurement Scope Management Time Management Cost Management Quality Management

10 Project Process Groups
Knowledge Areas Project Process Groups Initiating Planning Executing Monitor & Control Closing HR TEAM Management Process Components Project Management Processes Develop Project Charter Identify Stakeholders • Plan HR Management • Plan Communication Management • Plan Risk Management • Identify Risks • Plan Risk Responses • Plan Procurement • Plan Stakeholder Management Form the Teams Develop the Teams Manage the Teams Manage Communications Conduct Procurement Manage Stakeholder Engagement Control Communications Control Risk Control Procurement Control Stake holder Engagement. Close Procurement Jobs Communication Management Risk Management Procurement Management Stakeholders Management

11 Initiating Phase Actions
 Assign the Project Manager  Collect Processes, Procedures & Historical Information  Understand the Business Case  Divide the project into phases  Uncover initial requirements, assumptions, risks, constraints & existing agreements  Assess Project & Product feasibility within the given constraints  Determine Measurable Objectives  Identify Stakeholders and determine their expectations, influence & impact  Finalize the project charter

12  Determine how each knowledge area will be planned
 Determine detailed Requirements / deliverables (Business & Technical )  Create Project Scope Statement  Assess what to Purchase & create procurement documents  Determine Planning Team  Create WBS – Work Breakdown Structure  Create Activity List  Create Network Diagram  Estimate Resource Requirements  Estimate Time & Cost  Determine Critical Path  Develop Schedule  Develop Budget  Determine Quality Standards, Processes & metrics  Determine Roles & Responsibilities  Plan communications & Stakeholders engagement  Perform Risk identification, analysis & Risk Response Analysis  GO BACK - Re-plan  Finalize procurement documents  Create Change Management Plan  Finalize how to execute and control of all management plans  Develop the final realistic PM plan and performance measurement baselines  Gain a formal approval of the plan  Hold kick off meeting Phase Action Planning

13 Phase Action Execution
 Acquire Final Team  Select Sellers & Contactors  Execute the work according to the PM plan  Produce the Project Deliverables  Gather work performance data  Request Changes  Implement approved changes  Follow Processes & Continuously improve  Determine whether processes are correct & effective (Quality Assurance)  Perform Quality Audits  Manage People  Evaluate team members performance  Hold Team building activities  Give Recognitions & Rewards  Use issue log  Facilitate conflict resolution  Release resources as work is completed  Send information and get feedback  Report on project performance  Manage Stakeholders engagement and expectations  Hold meetings Phase Action Execution

14 Phase Action Execution
 Take action to control the project  Measure Performance against Baseline  Measure Performance against other metrics in the PM plan  Analyze & evaluate performance  Determine if variances need a corrective action or change request  Influence the factors that cause changes  Request changes  Approve or reject changes  Perform integrated change control  Update the PM plan  Inform Stakeholders of change requests results  Monitor Stakeholders Engagement  Manage Configuration  Create Forecasts  Gain acceptance of temporary deliverable from the customer  Perform quality control  Perform risk assessments & audits  Manage reserves  Control procurements Phase Action Execution

15 Phase Action Closure  Confirm work is done to requirements
 Complete procurement closure  Gain final acceptance of the product  Complete financial closure  Hand off completed product  Get feedback from the customer about the project  Complete final performance reporting  Index and archive records  Gather final lessons learned and update the knowledge base. Phase Action Closure

16 Control Aspects  Control Scope  Control Schedule  Control Costs
 Control Quality  Control Communications  Control Risks  Control Procurements  Control Stakeholders Engagement Control Aspects

17 Scope Baseline Schedule Baseline Cost Baseline
The project scope statement work breakdown structure (WBS) WBS dictionary Schedule Baseline The agreed-upon schedule, including the start and finish dates for each activity Cost Baseline • The time-phased cost budget

18 Monitoring & Control Techniques
Earned Value Measurements Monitoring & Control Techniques Measure the Real Performance of the project in terms of:  Time Performance  Cost Performance  It determines the performance variance between the planned & actual performance.  It gives a forecast of the future performance of the project according to the current performance

19 How is Our Project Doing?
Are we ahead or behind schedule? Are we getting Value for Money? Did you Spent Money on the Right things?

20 What is Happening? Under spending but …

21 Earned Value Measurements
Concepts E V M

22 At Completion Estimated Cost

23 Earned Value Cheat sheet

24 Measurement Earned Value
Well, it could be worse; I think we are progressing, more or less… The project is producing 80 cents for each dollar invested, progressing 75% compared with the plan, but we need to produce $1.2 for each dollar invested in order to end on budget. Measurement Earned Value

25 Communicated Information To Be
Project Charter • Project Management Plan & Project Documents • Impact to & from other projects • WBS • When resources will be needed • Meetings Schedule • Work Assignments • Project Status • New Risks – uncertainties • Problems – Successes • Changes to the project scope/ product scope • Updates of the project management plan or project documents • Results of change requests • Upcoming work • Delays • The date of the next milestone completion • Issues Log • What types of s will be sent to each stakeholder • Stakeholders Contact information • Performance Reports • Learned Lessons Communicated Information To Be

26 Performance Reports • Status report This report describes where the project currently stands regarding the performance measurement baseline. • Progress report A progress report describes what has been accomplished. • Trend report This report examines project results over time to see if performance is improving or deteriorating. • Forecasting report This report predicts future project status and performance. • Earned value report An earned value report integrates scope, cost, and schedule measures to assess project performance • Lessons learned documentation Reports on performance are used as lessons learned for future projects.

27 Quality & Project Management

28 Planning for Risk

29 Risk Management Action Plan

30 Procurement Management
Action Plan

31 Project Management Action Plan

32 Project Management Plan Steps

33 Documentation 1. Project Charter 2. Stakeholders Register
3. WBS Structure & WBS Dictionary 4. Communication Matrix 5. Activity List (To Do List) 6. Network Diagram 7. Project Schedule 8. Project Cost Estimates (include basis of estimates) 9. Procurement Documents 10. Project Budget 11. Project Funding Requirements 12. Work Performance Reports 13. Cost & Schedule Forecasts 14. Quality Checklists 15. Quality Control Measurements 16. Change Log 17. Risk Register Documentation

34 Project Charter Document

35 Work Breakdown Structure Dictionary

36 Pre – Requisite PMP Exams & Process
PMP Course Modules Integration Management Scope Management Time Management Cost Management Quality Management HR Management Communications Management Risk Management Procurement Management Stakeholder Management Minimum Entry for Exam or Certification 3 Years Work Experience Presently working in the field of Project Management

37 PMP Certification Eligibility Criteria
Ensuring you meet the Project Management Professional (PMP) certification requirements is the first step to becoming PMP certified. PMP eligibility is based on academic education, project management experience, and project management professional training. Once you have satisfied the eligibility criteria, you can submit your application online via PMI’s online portal. A small percentage of applications will be put through a random auditing process, more information about this below. After approval, you can take your PMP exam at your nearest Prometrics testing center. The computer based exam allows you to receive your score immediately. Upon passing, you are approved to use the PMP credential for 3 years. During this time must earn 60 professional development units (PDUs) to maintain your PMP status for an additional 3 years. For complete eligibility documentation, please review the PMP certification requirements within the Project Management Professional (PMP)® Handbook. PMP Certification Eligibility Criteria Eligibility Requirement Four-Year Degree Secondary Degree* Years of Project Management Experience 3 Years (36 Months) 5 Years (60 Months) Hours Leading & Directing Projects 4,500 Hours 7,500 Hours Hours of Project Management Education 35 Hours 35 Hours * A secondary degree is defined as a high school diploma, associate's degree, or global equivalent.

38 Project Management Experience
Requirement Details Academic Education Indicate whether you have secondary diploma or a degree. You will need the name of the institution, the year you graduated, and your major. Project Management Experience The experience must be leading or directing projects that are non-overlapping, cumulative across all process groups, and within the last 8 years to be counted on the PMI PMP application. Refer to the above table for full experience requirements. Project Management Education You will need to show 35 contact hours of project management education, preferably covering initiating, planning, executing, monitoring and controlling, and closing. PMTI plans ahead for our students and provides an inclusive online course so you qualify for this requirement even prior to attend the class. Tip: It is incredibly important that you do not falsify any of the information in your application. PMI has a random audit process which requires anyone being audited to present evidence to validate all information submitted with their application. Falsifying application documentation will result banishment from all future attempts to obtain any PMI certification. To simplify the entire process of PMP application, you can optionally use the PMTI PMP Application Exam Prep Tool after you register for one of PMTI’s PMP Exam Prep classes to help facilitate your application documentation. PMP Certification Application Process

39 PMP Application Submission
You can submit your PMP application on PMI's certification website, certification.pmi.org. You will need to submit the following information (terminology borrowed directly from the PMP application): Contact Address Home Address Work Address Contact Information Address Phone Number Attained Education School or University Address Highest Level of Education Attained Year Degree Awarded Field of Study Requirements Project Management Experience (Per Project) Project Title Start Date End Date Project Role Primary Industry Project Management Education Course Title Institution Name Course Start Date Course End Date Hours Qualifying Hours Certificate Full Name for Certificate


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