PMI ® Project Management Professional (PMP) ® Workshop PMI, PMP, PMBOK & PMI Talent Triangle are registered marks of Project Management Institute, Inc.

About Project Management Professional (PMP)® 2 © 2018 ExcelR Solutions. All Rights Reserved

Why PMP ® ?  To become a better project manager as the best practices have been included procured from myriad project managers across the globe.  Increases the success rate of your project as you become more organized.  Minimizingresourceutilizationandmakinga project cost effective.  Changes how others look your abilities.  To keep your job, promoted or get a job.  Hike in your current salary (Help you to get ahead) 3 © 2018 ExcelR Solutions. All Rights Reserved

Exam Eligibility Requirement CategoryEligibility of Education Formal PMP ® training hours Hours leading and directing project OneBachelors Degree or global equivalent 35 Contact Hours 4,500 hours TwoHigh school diploma, associate degree or global equivalent 35 Contact Hours 7,500 hours  After paying the examination fee online, PMI ® will send an authorization letter  Exam must be taken within one year of receiving the authorization letter  PMI may randomly choose to send your application for auditing  You need to contact a prometric center to schedule a date for the exam 4 © 2018 ExcelR Solutions. All Rights Reserved

Examination Pattern  Total 4 Hours duration  Outof200,25areconsideredaspre-testquestions(zero marks) and only 175 are scored for the exam result  Grading system is followed to arrive at the result Pass or Fail. Result is based on the individual grades on each process group.  Grades are  Below proficient  Proficient  Moderately Proficient  There is no negative marking. 5 © 2018 ExcelR Solutions. All Rights Reserved

Distribution of Q’s across Process Groups Process GroupPercentage of Questions Initiating13 Planning24 Executing31 Monitoring & Controlling25 Closing7 Note: This % of distribution might vary as required by PMI ®. 6 © 2018 ExcelR Solutions. All Rights Reserved

Introduction to Project Management 7 © 2018 ExcelR Solutions. All Rights Reserved

What is a Project?  What is a Project?  Aprojectisatemporaryendeavourundertakentocreateaunique product, service or result  Projectsdrivechange,enablebusinessvaluecreationandhavean initiation context  A project can create: A product that can be either a component of another item or an end item in itself, A capability to perform a service or, A result such as an outcome or document. 8 © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, ( PMBOK ® Guide ) - Sixth Edition, Project Management Institute, Inc., 2017, Page 4-6

Programs & Portfolio Project Management exists in a broader context governed by:  Program Management  Portfolio Management  Organizational project management (OPM) and strategies Program Management: It is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. It focuses on project interdependencies and optimal approach for managing them. Programs and projects deliver results For example, New aircraft manufacturing program has multiple related projects. Project A – manufacture cockpit; Project B – manufacture fuselage; Project C – manufacture turbine engine etc. 9 © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, ( PMBOK ® Guide ) - Sixth Edition, Project Management Institute, Inc., 2017, Page 14

Programs & Portfolio  Portfolio Management: It refers to a collection of projects or programs (may not be necessarily related or interdependent) and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. Portfolios make value decisions For example, Aircraft manufacturer may have business lines such as domestic aircraft manufacturing, international aircraft manufacturing, warfare aircraft manufacturing etc.  Note: Organizational Project Management (OPM) - Integrates project, program and portfolio management with organizational enablers to achieve strategic objectives. In other words, do the right projects and allocate of resources for them 10 © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, ( PMBOK ® Guide ) - Sixth Edition, Project Management Institute, Inc., 2017, Page

What is Project Management?  It is the application of knowledge, skills, tools and techniques to project activities,  Using the 49 processes and 5 process groups i.e. Initiating, Planning, Executing, Monitoring & Controlling and Closing with appropriate application and integration, project management can be accomplished. 11 © 2018 ExcelR Solutions. All Rights Reserved

Project Constraints Scope Quality Schedule Budget Resources Risk 12 © 2018 ExcelR Solutions. All Rights Reserved

Project Vs Operations  Operations are an organizational function performing the ongoing execution of activities that produce the same product or provide a repetitive service Value is realized in operations Examples: Manufacturing, Production operations etc…  Though temporary in nature Projects can help achieve the organization goals when they are aligned with the organization’s strategy. 13 © 2018 ExcelR Solutions. All Rights Reserved

Project Life Cycle Project life cycle - A collection of sequentially (typical – and sometimes overlapping) project phases determined by management and needs of the organization Phase – A number of related activities resulting in deliverable(s) Types of project life cycle:  Predictive  Adaptive (Agile) Characteristics of the project life cycle:  Starting the project  Organizing and preparing  Carrying out project work  Closing the project 14 © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, ( PMBOK ® Guide ) - Sixth Edition, Project Management Institute, Inc., 2017, Page 18,19 & Fig 1-2 Page 548

Development Life Cycle & Phase Gate 15 © 2018 ExcelR Solutions. All Rights Reserved Project Management Institute, A Guide to the Project Management Body of Knowledge, ( PMBOK ® Guide ) - Sixth Edition, Project Management Institute, Inc., 2017, Page 19,21 Development life cycles – Those phases of the project lifecycle where product development happens Types of development life cycle  Predictive (waterfall)  Iterative  Incremental  Adaptive (Agile)  Hybrid (mix of predictive and adaptive) Phase gate – A phase-end review with a decision to  Continue to next phase as is or with modification  Remain in the same phase or repeat some of the phase work  End the project

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