PROJECT MANAGEMENT PROFESSIONAL (PMP ® ) CERTIFICATION BRIEFING 19 MAY 2010 Society of American Military Engineers 19 May SAME- PMP Certification

Agenda Introductions Overview  Project Management Institute (PMI)  PMI Family of Credentials  Why a PMP Credential?  PMP Qualifications  PMP Timeline PMP Exam Is It Worth Becoming a PMP? Questions 19 May SAME- PMP Certification

Speakers Mr. Dave Neeley, PMP Mr. Mark Kuehl, PMP 19 May SAME- PMP Certification

A not-for-profit Professional Organization  Founded in 1969  317,962 members and 375,959 Active PMPs  250 chapters in over 70 countries “Primary goal is to advance the practice, science and profession of project management throughout the world in a conscientious and proactive manner so that organizations everywhere will embrace, value and utilize project management and then attribute their successes to it.” Contact: 19 May SAME- PMP Certification

PMI Family of Credentials 19 May SAME- PMP Certification

Why a PMP Credential? Government, commercial and other organizations employ PMP certified project managers in an attempt to improve the success rate of projects in all areas of knowledge, by applying a standardized and evolving set of project management principles. Professionals obtain the credential to verify their proficiency in project management with an internationally accepted certificate. Contracts may require that project managers to be PMP ® certified. 19 May SAME- PMP Certification

PMP Qualifications Eligibility Requirements:  Secondary diploma (high school diploma)  5 years project management experience with at least 7,500 hours spent leading and directing project tasks and 35 hours project management education OR  Four-year degree (bachelor’s degree)  3 years project management experience with at least 4,500 hours spent leading and directing project tasks and 35 hours project management education 19 May SAME- PMP Certification

Timeline of the PMP Credential Process 19 May 2010 SAME- PMP Certification 8 Application Submission Window open 90 days Application Completeness Review 5 business days (when submitted online) Application Completeness Review 5 business days (when submitted online) Applicant Payment Process (cannot schedule exam until you submit payment of credential fees) Applicant Payment Process (cannot schedule exam until you submit payment of credential fees) Audit Process (if application is selected) 5 business days Audit Process (if application is selected) 5 business days Multiple-Choice Examination Eligibility 1 year (from the date of the application approval) Multiple-Choice Examination Eligibility 1 year (from the date of the application approval) Certification Cycle 3 years (from the date the exam is passed to obtain and report PDUs toward credential maintenance) Certification Cycle 3 years (from the date the exam is passed to obtain and report PDUs toward credential maintenance) Source: PMP Credential Handbook – revised August 2009 ©2009 Project Management Institute Inc. All rights reserved.

Primary Body of Knowledge (PMBOK ®) Is a recognized standard for the project management profession that describes the norms, methods, processes and practices. Evolved from the recognized good practices of project management practitioners who contributed to the development of the standard. 19 May SAME- PMP Certification

PMP Exam The PMP exam is based on six performance domains (five project management process groups plus professional responsibility)*: 1. Initiating2. Planning 3. Executing4. Monitoring and Controlling 5. Closing6. Professional and Social Responsibility The Exam also covers nine project management knowledge areas (which have 42 processes)*: 1. Integration2. Scope 3. Time4. Cost 5. Quality6. Human Resource 7. Communications8. Risk 9. Procurement The exam consists of 200 multiple choice questions written against this specification and must be completed in four hours. * p. 43 PMBOK ® 19 May SAME- PMP Certification

Notional Test Questions 19 May SAME- PMP Certification

PMP Exam Preparation Read PMBOK several times Supplement reading with  Boot camp training and/or  Self study with other reference books and/or on-line courses According to PMI, the targeted rate of success (i.e. percentage of candidates passing vs. failing) is low 70 percentile. Candidates can take the test up to 3 times. 19 May SAME- PMP Certification

Case Study 19 May 2010 SAME- PMP Certification 13 Based on the salary increases experienced by IT professionals with the PMP, this credential carries some clout and is capturing great interest. Membership statistics from PMI indicate that the Computers/Software/DP and IT industries are the top two industry areas among PMI members, with about 15,000 and 12,000 members respectively in each industry category. In whatever way people prepare to become certified Project Managers, the benefits are immeasurable to both the employee and the employer. Employees are rewarded with increased salaries, job promotions, and in general, better job prospects. Employers who use PMPs are assured that they have hired Project Managers who have a core competency in Project Management and the requisite experience to perform as a project manager. Studies have shown that projects managed by people who are not certified Project Managers have only a 25% chance of success, whereas projects run by those who are knowledgeable in Modern Project Management tools and techniques - as are people with the PMP certification - have a 75% success rate.

Is It Worth Becoming a PMP? Salary: The PMP certification has a positive effect on the Project Manager’s salary, as the average salary for PMP certified Project Managers is currently above the $100K mark in the United States (2009 statistics). Market Demand: The demand for the PMP is big, and it’s growing every day, and there is no sign that this demand will lessen in time. In fact the demand has actually increased even with the recession. Prestige and Recognition: The PMP is still a prestigious certification, with difficult eligibility criteria, a hard test, as well as requiring constant maintenance (e.g. acquiring PDUs). The PMP certification is highly regarded both in the United States and internationally. Increased Project Management Knowledge: Studying for the PMP will help the applicant learn new Project Management concepts, or understand concepts better. 19 May SAME- PMP Certification

Questions Your Name Here 19 May SAME- PMP Certification