Monday, September 25, 2017

Important Topic to crack PMP Exam

Let us see the most important and FAQ topic for PMP Exam.

DELEGATION

Delegation is one of the most important topic which is a process of  distributing the work to the individuals ( Team Members )working on the project. When the work is delegated then it means the person has accepted the work which is reliable however the final responsibilities still lies on the Project Manager.

Why Delegate ?

Effective Delegation is an essential role in project environment it also important to delegate the work in order to increase effectiveness and efficiency in managing a project.

The different Aspects to consider while delegating are

* To Motivate the Team
* To boost up their morale
* To Provide them with Challenges
* To Create Successors

Following Points are necessary to remember while delegating


1. What should be delegated - Not every Task a Project Manager can be delegated. Project Manager must evaluate the risk before delegating the tasks.

2. Clarity of the Results - As a Project Manager you have to establish the end results of the those tasks. End results also depends on Team Members , they can also give their successful results individually.

3. Defining the Responsibility - Project Manager should determine the responsibility level of the Employees and ensure that they have understand the project concept.

4. Delegating the authority - Major failures in task delegation happens due to lack of authority delegation. However , for every small decision employees must get an approval from the senior management to move on. Authority required for successful accomplishments of the task should also be delegated.

5. Establishing the Timeline  - A clear and agreed upon timeline must be published and milestones should be monitored in project progress reviews.

6. Support & Feedback - It encourages the employee taking up the task if timely feedback is provided along with the continuous support. Training should also be provided to acheive the set goals if required.

Tuesday, September 19, 2017

Looking for a Salary Hike? Become a certified project manager

If you are an IT professional looking to boost your career then upgrade your resume with Project Management Professional (PMP) certification might be worth considering.

Certifications such as PMP, offered by the Project Management Institute, give you high earning potential, according to PMI’s ‘Earning Power: Project Management Salary Survey’.

Let us see the Project Management Survey in INDIA

Those with PMP certification get an average 20 per cent higher salary than those without one, says the survey. For instance, in India, the median salary of those with a PMP certification is 17 lakhs (12 lakhs for those without the qualification).

The report also suggests that project management experience has a key impact on salaries globally. The median salary range for those just starting out in project management and those who have been in the field for 20 years is 14 lakhs to 31 lakhs.

The data show that just 12 per cent of women have PMP certification, and there is a huge gap in the salary ranges for men and women. The average pay for men ranges between 6, 59,179 and 21, 73,384, whereas, women earn between 4, 60,107 and 17, 54,870.

Most popular job profiles for employees with PMP certification include Project Manager, IT Senior Project Manager, IT Project Manager, Software Development Project Manager, Engineering Operations Manager, Program Manager, and IT Deputy General Manager.

Some popular employers for qualified project managers are IBM, Infosys, Accenture, Tata Consultancy Services, HCL Technologies, Hewlett-Packard and Wipro Technologies. Bangalore, Mumbai, Pune, Chennai, Hyderabad, Gurgaon and New Delhi are preferred destinations for such professionals.

The ninth edition of the PMI report is based on self-reported salary information from more than 26,000 project management professionals from 34 countries. A total of 1,197 professionals from India participated in the study.

Tuesday, August 29, 2017

5 Tips and Tricks to Crack PMP Exam


PMP is the Most Valued Globally Recognized Certification.PMP Professionals can get a highly paid in the Industry, however it is not easy to attain without a proper approach or plan.

Let us see some tips & structure to crack PMP Exam

1. Exam Structure
The exam consists of 200 questions out of which 175 questions are evaluated for your test and 25 questions are not evaluated but are put there to check if they are good enough to be used as questions for future examinations by PMI. You will not be able to identify those 25 questions and hence it is imperative to attempt all questions to the best of your knowledge.  There are no negative marks for a wrong attempt, hence don’t leave any question blank.

The exam duration is of 4 hours which is more than sufficient to answer the questions

Let us see the number of questions asked in each phase

Initiating
13



Planning
24
Execution
30
Monitoring &Control
25
Closing
8

As you can see that that Planning, Execution, Monitoring and Control constitutes almost 80% of the exam, hence one needs to do well in these 3 process groups to pass the exam.

2.     Passing Marks

There are no passing scores or cut offs mentioned by PMI.  However PMI does mention proficiency levels of your performance in the test. There are 3 Proficiency levels
1.     Proficient – Above Average Level of Proficiency
2.     Moderately Proficient- Average Level of Proficiency
3.     Below Proficient- Below Average Level of Proficiency
Hence an aspirant’s aim should be to achieve at-least moderately proficient level across the 5 process groups mentioned above. The exam evaluation is done based on the difficult level of the exam and hence Proficiency levels may vary for different set of exams.

3.      Study Material

Make sure you study with a plan with clearly defined milestones. Use the weekends to the good the advantage (Studying 8-10 hrs. for the next 4-6 weeks would be ideal) but make sure you study during weekdays as well at least 1-2 hrs. to ensure the regularity in the preparation.

4.     Focus on Concepts rather than Memorization

One must focus on learning the concepts rather than memorizing inputs, outputs, tools and techniques across all 5 process groups which in turn consists of 47 Project Management Process.

5.     Mock Tests and Their Analysis

One of the key things to do is to practice as many mocks as possible and on top of it analyzing those mocks after they are given.  The below figure depicts the process one must follow to make the best use of the practice or mock tests.