PMP® Certification – Is It for Me? Ali Daimee, PMP Jane Yee, PMP May 9, 2009 PMP and PMBOK are registered marks of PMI (Project Management Institute).

Agenda: Introduction PMP – what is it? application, exam, PDUs Benefits & Advantages PMBOK v3 and v4, magic date of June 30, 09 Preparation methods (pros/cons), tips PMP Exam Prep Class from TAP-a-PM Q&A Door Prize May 9, 2009www.TAPaPM.org2

Introduction TAP-a-PM: a project /program management cooperative with expertise across multiple industries and disciplines. Members here today: 1.Ali Daimee 2.Jane Yee 3.Jacky Hood May 9, 20093www.TAPaPM.org

PMP Certification WHY PMP Certification? May 9, 2009www.TAPaPM.org4

Demand for Project Management The fact that US $12 trillion, 1/5 of the world's gross domestic product (GDP), is being spent on projects this year reflects the global need for project management. A critical gap between the supply and demand of skilled project professionals is already reaching crisis proportions. From Project Management Institute web site May 9, 2009www.TAPaPM.org5

Demand for Project Mgmt (cont.) 2008 Global Executive Survey Results Identify Project Professionals as Vital Job Category In 2008, the Economist Intelligence Unit (EIU), the world's foremost provider of industry and management analysis, conducted survey of senior executives who were asked to identify the job category most important to their current and future success: Project professionals were identified as the single most important management job category. 97% of the other disciplines they listed were integral parts of the project management profession. 60% stated that senior management collaborates directly with project professionals. More than half of them indicated that this collaboration would increase. The Supply is Falling Both U.S. General Accounting Office and Australian Government studies revealed one of the causes: the aging of the population. A large percentage (perhaps as high as 30%) of the project management workforce is retiring or will be facing retirement in the next 10 years. May 9, 2009www.TAPaPM.org6

Why Teach Project Management? "Project Management is the entrepreneurial side of business...For people with a strong interest in strategic business activities, like creating and developing business opportunities, allocating appropriate levels of resources, and managing risk at the business portfolio level, a Project Management degree (or Credentials) is probably the best. Students in our Project Management programs are prepared to take senior executive positions in business development." Christopher N. Bredillet, PhD Dean of Postgraduate Programs ESC Lille School of Management (France) May 9, 2009www.TAPaPM.org7

PMP Recognized! With more than one million members, credential holders, volunteers and trained project professionals worldwide, Project Management Institute (PMI) is the only project management advocacy organization with a dedicated academic research arm. In collaboration with schools around the world, PMI advocates that project, program and portfolio management can enhance and accelerate organizational change - driving innovation, improving organizational performance, and strengthening competitive advantage. PMI maintains a rigorous certification program that caters to seasoned project and program professionals as well as to project team members who are starting their careers in the field. PMI's Project Management Professional (PMP®) credential is globally recognized as the gold standard credential in project management. May 9, 2009www.TAPaPM.org8

May 9, 2009www.TAPaPM.org9 The PMP® credential recognizes Demonstrated knowledge and skill in leading and directing project teams and in delivering project results within the constraints of schedule, budget and resources. Who should apply? Those who lead and direct cross-functional teams to deliver projects within the constraints of schedule, budget, and scope. What do PMP candidates do? Candidates are responsible for all aspects of individual projects for the life of the project.

Benefits: Self-Esteem and Satisfaction Career: – Improve credibility & recognition among team members, peers, and management – Rise above other applicants without credential – Establish a career-long network with other PMPs across the globe Cost: less expensive than a degree program May 9, 2009www.TAPaPM.org10

PMBOK® (v3 and v4) May 9, 2009www.TAPaPM.org11 SUMMARY OF CHANGES

PMBOK 4 th Edition Changes REASON FOR CHANGES: To achieve greater: – Consistency and Clarification – Accuracy while making the standard more accurate, up to date, relevant, clear, concise and easy to understand and implement. This includes the re-organization of content, additional content, refinement of content, or deletion of content. Thus the 4 th Edition has: – Refined processes, standardized inputs and outputs where possible, and a global approach for documenting the inputs and outputs. May 9, 2009www.TAPaPM.org12

PMBOK 4 th Edition Changes Summary of Changes: – Consistency: Completed the change to verb-noun format for all processes. Process Descriptions were rewritten throughout such as: Chapter 3 At the beginning of each Knowledge area chapter First sentence of applicable process description The Glossary May 9, 2009www.TAPaPM.org13

PMBOK 4 th Edition Changes Summary of Changes: – Clarification: Regarding process interactions, data flow diagrams to clarify input and the output destination for each process. Affected areas are: Differentiation between Project Management Plan and the Project Documents Elements of the Charter and Scope Statement Process changes: Sections 4.2 and 5.1 deleted; Sections 4.6, 4.7, 5.1 (new), 9.4, 10.1, 10.4, 12.1, and 12.3 revised or added May 9, 2009www.TAPaPM.org14

PMBOK 4 th Edition Changes Summary of Changes: – Other Chapters modified or changed: Chapter 4: Project Integration Management Changes Chapter 5: Project Scope Management Changes Chapter 6: Project Time Management Changes Chapter 7: Project Cost Management Changes Chapter 8: Project Quality Management Changes Chapter 9: Project HR Management Changes Chapter 10: Project Communications Changes Chapter 11: Risk Management Changes Chapter 12: Procurement Changes Glossary has been expanded. May 9, 2009www.TAPaPM.org15

Magic date of June 30, 09 PMP exam dates: – Before June 30, 09  PMBOK v3 – Starting July 1, 09  PMBOK v4 May 9, 2009www.TAPaPM.org16

Preparation Methods: MethodsResourcesCost * Self-StudyStudy aidsaids + time e-GroupYahoo, etc. study aidsaids + time Study groupSmall team, study aidsaids + time e-LearningTeam, study aids, e-support$300 - $888 + aids + time Classroom Training Study aids w/ facilitated support system $200 to $ time May 9, 2009www.TAPaPM.org17 Cost excludes PMBOK and PMI application fee. Many options, which is for me?

TAP-a-PM Exam Prep Class Based on PMBOK, third edition Must be qualified to take the exam by 6/30/09. 9am-5pm; three Saturdays (5/30, 6/6, 6/13) Contents: theory, study guides, tips, sample questions plus a 90-minute practice exam Cost: $200 Registration: May 9, 2009www.TAPaPM.org18

Q&A Door Prize May 9, 2009www.TAPaPM.org19