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Project Management

Project Leader Skills

Self-Assessment

    

 

Proficiency, skills, and experience are indispensable components required for managing the daily activities of any organization. However, operating individual projects can be an overwhelming challenge, as you have to supervise the employees and effectively manage resources to meet specific goals of the project.

However, with a little training, you can become a professional and excellently execute projects like those specialists who run large organizations. Project Management Professional (PMP) is a certification respected by many because it is the highest qualification any manager can get in their career. Do you think it’s worth pursuing this PMI credential? Let’s find out!

What is PMI PMP certificaiton?

PMI PMP Exam Dumps is a credential that the project managers need before they can work on any project. This is an industry-recognized badge for the specialists being awarded by the Project Management Institute. This certificate highlights the education, experience, competency, and skills required for such a professional to lead and direct projects.

Although anyone can apply for PMI PMP, there are certain criteria that any potential project manager must fulfill:

• Four-year degree (either a bachelor’s or equivalent). Additionally, such a candidate must possess at least three years of non-overlapping experience in project management. Furthermore, the individuals had to spend three years on directing and leading projects. Finally, they should possess over 35 hours of education in project management.

• For those with a secondary degree, they must have over five years of non-overlapping experience in project management. Finally, they should possess over 35 hours of education in project management.

Generally, meeting the criteria for the PMP certificate is a huge achievement for any project manager because it involves many companies.

What is PMI PMP certification exam?

The exam comprises of 200 multiple-choice questions, which must be complete in 4 hours. During the test, no reference material is needed. The questions are broken into five groups, each of which focuses on the five areas of the PMP credential. 13% of the questions are taken from the Initiating domain, 24% from Planning, 30% from Executing, and 25% from Monitoring and Controlling, while the Closing domain has 8%. These questions are taken from the PMBOK guide, that is why the applicants must study the material effectively. You can equip yourself going through the ExamSnapwebsite to download braindumps and updated practice tests.

The exam domains are categories of tasks that each project manager must undergo to effectively improve his/her skills and successfully manage projects. The PMP domain consists of skill set and knowledge areas with multiple tasks. Let’s explore them in detail.

1. Initiating

The primary objective here is to test one’s ability to perform the tasks required to initiate a project. Beforestarting any project, the idea and goal must be checked if it is feasible. In this stage, the project manager must perform various tasks to ascertain that the project will be effectively completed. Some of them involved in this domain include:

• Executing project assessments to decide its feasibility;
• Pinpointing key deliverables based on project requirements;
• Executing stakeholder analysis;
• Highlighting constraints, assumptions, and high-level risks.

The Initiating domain requires certain skills and knowledge, which include benefit analysis, analytical skills, estimation tools and techniques, elements of a project charter, and strategic management.

2. Planning

The goal of this domain is to test one’s capability to follow the task outline. For instance, creating a schedule of projects, how the finances will be properly managed, how to deal with changes, etc. The information during this stage is kept in a separate project management plan file. There are 13 tasks under this area to be completed by the candidates. The key tasks include:

• Building a project schedule;
• Developinga cost and scope management plan;
• Establishing a human resource and communication management plan;
• Creating a change and quality management plan;
• Creating a risk management plan;
• Developing a procurement management plan.

The Planning phase requires specific skills and knowledge, which include cost management planning, change management planning, human resource planning, estimation tools and techniques, communication planning, etc.

3. Executing

The goal here is to test one’s ability to carry out tasks required during the planning phase of the project. The manager must effectively coordinate resources, understand and implement every plan of this project. Additionally, the specialistsmust properly communicate information and manage relationships with the key stakeholders. The tasks for this domain include:

• Handling information flow by adhering to a communication plan;
• Executing approved changes and actions by adhering to a risk action plan;
• Executing a quality management plan;
• Purchasing and handling project resources by adhering to a procurement and human resource plan.

The essential skills and knowledge required in the Executing domain include contract management techniques, vendor management techniques, quality standard tools, project budgeting tools, and techniques, etc.

4. Monitoring and Controlling

The objective of this domain is to ascertain one’s capability to track and review the overall progress and operation of the project. The project managers in this phase must ensure that everything works perfectly and the project is on schedule. Besides this, the deliverables must be in accordance with the stipulated standard. The tasks involved in this domain are as follows:

• Measuring project performance;
• Reviewing issue logs;
• Monitoring and evaluating risks;
• Authenticating that the project deliverable complies with the standards contained in a quality management plan;
• Capturing and analyzing lessons learned in the course of the project.

The Monitoring and Controlling domain comes with specific skills and knowledge, such as process analysis techniques (Six Sigma, Lean), project finance principles, quality measurement tools, control charts, etc.

5. Closing

The main goal here is to evaluateone’s capability to perform the tasks required to conclude all activities and officially close the project. The tasks include:

• Transferring ownership of project deliverables to the stakeholders;
• Acquiring legal, financial, and administrative closure;
• Collating lessons learned and acquiring feedback from the stakeholders.

The Closing stage covers the following: contract closure requirements, feedback techniques, project review techniques, performance measurement techniques, etc.

Final thoughts

Project Management Professional is speedily becoming the most accepted and necessary certification in the world. Irrespective of your goal – to increase your salary, or reputation with a client, or your marketability to the potential customers –PMI PMP is your only option to quickly climb the career ladder.

Why should you consider the PMP certification? This is proof that you are an experienced project manager because you have handled previous projects. Additionally, the certificate increases your credibility in your industry and shows your commitment to the profession. Finally, it serves as a means to earn more money instead of depending on small stipends.