Business Analysis 1 Why PMI is Betting on Business Analysis to Take Project Managers to the Next Level The New PBA Certification (Professional in Business Analysis) PMI, South Florida Chapter, Professional Day of Development, July 24, 2015, Speaker Jose Carranza,

Business Analysis 2 IT Project Manager and LSS Consultant Teach project management, business analysis, LSS, and Agile PMI Certifications: PMP ®, PMI-ACP ®, PMI-PBA ® Participated and was certified in PMI’s Pilot program for the PBA in July 2014 Serving South Florida PMI Chapter as Director of Mentoring Countries Worked Canada, US, Mexico, Costa Rica, DR, Puerto Rico, Venezuela, Colombia, Brazil, Peru, Chile, Argentina, Spain, England, France, Germany, Belgium, Italy Industries Worked IT, Lean Consulting, Govt, Education, Healthcare, Utilities, Credit Card, Call Center, Software Sales, Insurance, Education, Transportation BS, Electrical Engineering Degrees Meet José Carranza

Business Analysis 3 PMI has the motive, opportunity, and the means to propel project managers to the next level PMI has the solution for the “Glass Ceiling” that has hampered PM’s to enter the management ranks PMI wants to give credit to what PM’s already know: business analysis PMI has the vision of increasing the value of PM’s by broadening their skills PMI wants to open the doors for PM’s enter into management meetings and be part of the “management team” The Case for Focusing on Business Analysis Mgmt Meeting PM’s not invited Business Analysis Project Management

Business Analysis 4 PMI’s Solution: the PBA Certification The PMP has new brother

Business Analysis 5 About the PMI-PBA

Business Analysis 6 1)The PBA is project-oriented and so is an extension to the PMP 2)Makes you stand-out in a bi-focal market 3)Provides growth opportunities for PM’s as convergence occurs 4)Elevates the PM role in the business 5)Recognizes PM’s knowledge of business analysis 6)Educates companies on the value of a hybrid PM/BA 7)Prepares you for when job requirements start saying “PBA certification desired required” Benefits of the Business Analysis Certification

Business Analysis 7 The Continuum Business, Analysis, and Execution are a continuum composed of the BA and PM functions Company Operations Executive Strategy Needs, problemsGoals, objectives Develop solutionDevelop approach Execute

Business Analysis 8 BA’s & PM’s Complement and Overlap Before ProjectDuring ProjectAfter Project Establish ProjectConduct Project Company operations NeedSolutionSell DefinitionPlanningAnalysisArchitect Design, Build, Implement AssessSupport Executive Strategy GoalsApproachSell BA PM

Business Analysis 9 The Convergence of Business Analysis and Project Management The market is looking for people that can do both. This is a value add. No single standard title has developed for this combo, but companies are coming up with them. For now, lets call time BPM’s (business project managers) Increases upward mobility. BA’s are closer to the business and to climbing the ladder.

Business Analysis 10 How Converge Affects the Product Cycle Company Operations Executive Strategy Need Execute The BAThe PM Solution Goal/ Objective Approach The BPM (Business Project Manager) The BA Note: for large companies or large Needs /Goals, the BPM would be supported by Junior BA & Junior PM

Business Analysis 11 BA’s outnumber PM’s by more than 2 to 1 BA jobs are growing faster than PM jobs, 19% vs 15% PM’s and BA’s in the Market Business AnalystProject Manager Median Pay$78,600 per year $38 per hour $120,000 per year $58 per hour Entry-level educationBachelor’s degree Work experienceLess than 5 years5 years or more Number of jobs720,000332, year Job outlook (2012 to 2012) 19% (faster than average) 15% (faster than average) # of new jobs per year13,5006,000 Business Project Manager $150,000 per year $70 per hour Bachelor’s degree 10 years or more ??? 50% (much faster than average) 4,000

Business Analysis 12 Types of Business Analyst Source: The Business Analyst Job Description – 4 Things A BA Actually Does, There are various types of BA’s, such as: 1)The Functional BA 2)The Software BA 3)Financial BA 4)Consulting BA 5)Specific BA’s: Data analyst Requirements analyst etc. The PBA certification focuses on functional business analyst as shown in the diagram

Business Analysis 13 Requirements for PBA Certification Requirement PBAPMP Exam 200 questions, 4 hours (can take 3 times in 1 year)same Pre-reqs (bachelor’s or higher) 4,500 hours & 36 months of business analysis experience 2,000 hours working on project teams* (met with PMP) 35 contact hours of education in business analysis no 2,000 hour requirement Pre-reqs (High School or Associates) 7,500 hours & 60 months of business analysis experience 2,000 hours working on project teams* (met with PMP) 35 contact hours of education in business analysis no 2,000 hour requirement Initial Price Member US$405, non-member US$555same Re-examination Price Member US$275, non-member US$375same Maintenance 60 PDUs every 3 yearssame Notes: 1)Project experience can include your business analysis experience. 2)Current PMP ® or PgMP ® will satisfy the project team requirement 3)Only the past 8 years can be used

Business Analysis 14 Timeline of the PMI-PBA Credential Process Same as for the PMP

Business Analysis 15 An Existing Business Analyst Certification IIBA, International Institute of Business Analysis 28,000 members, 110 chapters Started in 2004 CBAP Certified Business Analysis Professional PBA Professional in Business Analysis = CCBA Certification of Competency in Business Analysis = Advanced level Entry level IIBAPMI none

Business Analysis 16 Requirements Comparison The requirements for the CBAP are somewhat higher.

Business Analysis 17 Comparison of Topic Covered Since the words “Knowledge Areas” and “BABOK” were already taken by IIBA, PMI used “Domains” and “Practice Guide” instead Both certifications cover the same material

Business Analysis 18 Getting Your 35 hours of Education Since this is a new certification, demand for certification classes need to be generated Assist PMI by: providing your contact information and schedule preferences Contact Jose Carranza, Director of Mentoring, Contact Syed Ali, Director of Certification, FAU in Boca Raton, has a 5-day certification class Nov 16 to 20, 8:30 to 4:30 ($2,000)

Business Analysis 19 Let’s Do An Informal Survey Schedule: 5 days in a row, Mon to Friday 5 Saturday’s 5 Sundays Weeknights, two nights a week for 5 weeks Who pays: me or my company Contact me, and get 20% discount

Business Analysis 20 Additional PMI Resources FAQ tions/PMI-PBA_FAQs_v2.ashx siness%20Analyst%20ContentOutline.ashx fications/PMI-PBA-Handbook.ashx Business-Analysis-PMI-PBA.aspx /PDF/learning/BA_ForPractiti oners_PracticeGuide.ashx

Business Analysis 21 You, before PBA You, after PBAYou, the Business Project Manager