Friday, 03 June 2016


Identifying, anticipating and evaluating risks in a project in all its future stages, planning, and putting in place an effective response mechanism, to minimize, or avoid the impact of such risks is called Project Risk Management.  PMP boot camp classes give a complete run down on Project Risk Management through a series of short, high impact sessions including case studies and cardinal rules of risk management, some of which are given below:


Inclusion of risk management from project inception

Risks in a project cannot be managed if plans for management of such risks are not on the drawing board of a project.

Identification of risks
Identifying risks does not require an actuary. Inputs from sessions with team members should be encouraged, and information generated from reports should be scrutinized to analyze and identify recorded risks of the past and possible risks of the future.

Being receptive to inputs
Keeping channels of communication open is necessary to receive inputs on unexpected developments.

Risks can also be opportunities
A risk is an unexpected event. Sometimes, the risks are outcomes of a particular sequence of events or circumstances that can be predicted. And sometimes, taking a risk can bring positive and beneficial results. It is essential to weigh the risks in a manner that includes looking at probable positive outcomes.

Tagging risks with response mechanisms
Risks and the response mechanisms need to be tagged together. The department or manager responsible to tackle a particular issue needs to be identified and delegated.

Grading risks
Risks have to be objectively assessed and graded as per priority. Likewise, response has to be initiated as per priority too.

Risk analysis
Analyzing the nature of risks, the sequence of events preceding it and the expected outcomes helps to plan a proper response to the risk, at various stages of the risk manifestation.

Implementing risk response
The final objective of risk management is to avoid or minimize a risk by accepting it. By evaluating and planning responses, the risk is to be either avoided, or the effects of the risk are to be minimized. Sometimes, unfortunately a bad project may have to be shelved on the basis of risks that develop en route. Implementing the risk response is hence the single most important aspect of Project Risk Management.

Logging project risks
Logs have to be maintained and they should list, tag, analyze and provide a response to all known and potential risks.   and it should etc.long with a periodical review . Tshould accordinglyTeam leaders and members should periodically review these logs to assess progress and make project course corrections as necessary.

Tracking risks
Tracking the risks as they develop or manifest helps to be aware of any situation and initiate an appropriate response.

Effective Project Risk Management will ensure the success of a project through economical use of resources and onsite PMP boot camp classes are the best way to equip key personnel with effective project management skills. The onsite knowledge transfer ensures that the key concepts of project management help complete the project within the time frame, set budget and meets all mission objectives.

EduMind Management at 08:20

          


Friday, 20 May 2016


While beating the conundrum of Project Management Triangle remains one of the way points to succeed as a Project Manager, PMP credentials are the pearls of any resume, outshining academics and achievements. The PMP Exam Training Online module is the final and best shot to achieve PMP Certification. The top five industry sectors where project management has made and will continue to make a huge impact are:

Energy Sector

The burgeoning population will drive the demand for energy to mind boggling levels. Global investments over the next 25 years are expected to touch a staggering 20 trillion USD.  The pursuit of economical energy and lower carbon fuels will mean more mega projects tapping into unexploited reserves. Despite advances in alternate sources of energy, oil and natural gas will account for 60% of global energy consumption.

A whopping 55% of ongoing projects were found to have experienced overruns in cost and schedule. A properly managed project aligned with the company's objectives would have stayed out of the 55% circle. The slump in oil prices not with standing, the resilient energy sector will see countless projects to power the globe and project managers will hold the key to successful implementation of all projects.

Aviation 

The five functions of management, according to Henry Fayol, appear tailor made to the aviation sector. Phenomenal growth is expected during the next 20 years, with addition of routes, flights and destinations to cover the increase in demand projected to touch the 7 billion people of the world. China, the U.S, India, Indonesia & Brazil will be the five fastest increasing markets during this two decade period. Project managers will be in demand in this industry that needs to run within the dimensions of time to stay relevant.

Healthcare

Projected to grow at around 5%, the healthcare industry will grow exponentially due to a global aging population, increased spending as a result of economic growth and better penetration of health insurance.  With the pharmerging markets commandeering the projections pie chart, a very large number of new projects will be setup during this period by pharma majors, with reliance on project managers to man the cogs of project execution.

Construction

Robust growth is predicted as the construction sector bucks the trend and bounces back.  A large number of project managers will be required to steer numerous projects without overruns in cost or time or compromising the quality and the objectives of the project.

Information Technology

IT was clearly the odd man among industries hit by the slowdown, progressing at the same frantic pace of development. The trend is expected to continue, driven by the growing needs in all sectors that are dependent on IT for applications and processes. Dynamic project managers will also be expected to manage a diverse workforce and align them with the objectives of companies.

Shortcuts to success, cuts short success

Project management has evolved from the simple Gantt Charts and the 14 principles of management to the present highly tuned system that has factored in all the metrics and parameters. The very act of a project manager seeking credentials is proof of commitment; sprint ahead in today's competitive world with the PMP.


EduMind Management at 00:55

          


Thursday, 14 April 2016


If studying during your high school or college years was troubling for you then PMP training will be more challenging comparatively.  As an aspirant of a self-study PMP exam prep training course, you will experience extreme pressure which needs to be dealt with effectively.

Here are some tips to ease your self-study PMP preparation that will improve your learning:

Automate your habits
It is a proven psychological fact that any habit which is repeated for three weeks regularly becomes routine. Make it a habit to wake up early, study at specific hours and follow a healthy diet regimen to prepare yourself physically and mentally for the grueling PMP exam. 

Have conversations with qualified professionals
Qualified professionals are experienced sources of PM related information. You can get an insight on the key essential of how to pass the PMP Exam Review Course. Inquire about their study practices, strategies used and time management techniques that helped them achieve success.

Read and learn from various sources
Your PMBOK Guide is the holy grail for PMP certification. It is essential that you read from other sources- most importantly from industry related journals and magazines so that your learning improves significantly and your understanding of the subject is in par with a PMP certified professional.

Watch educational videos 
Thanks to YouTube, Vimeo, Dailymotion and several other video sharing websites, education has become seamless. You can find thousands of training videos (both free and paid) to get maximum benefit out of your self-study PMP exam prep training course. 

Link course learning to real life scenarios
PMP is applicable in daily life scenarios. Time management, resource allocation, deliverables management; every aspect of project management can be related to a real life scenario to deepen your understanding about project management. 

Eliminate distractions
Too many distractions can hinder your learning ability. Social media, television, aimless chatting etc. can consume enormous amount of quality time that otherwise can be spent for studying. Eliminate them to improve your chances of obtaining a good grade in PMP certification. 

Seek counsel
Learning is from a teacher and counsel is from an expert. As an aspiring Project Management Professional, it is necessary that you seek counsel from industry experts to gain a ground level understanding of what the present scenario requires of a PMP qualified professional. 

Take a break
It is necessary for a student to take occasional breaks from the study regime. The brain needs some time recoup from the hard and tiring work it has been put through. Moreover, a break will strengthen your ability to remember concepts and theories after a short while. The ability to remember facts and concepts are integral to passing the PMP certification Training. 

Conclusion
A self-study PMP exam prep training course is definitely useful for a student who is unable to attend classroom model courses. Self-study takes discipline and conscious effort from the student’s part. The above mentioned tips aim to improve the student’s self-studying abilities.

EduMind Management at 06:54

          


Thursday, 03 March 2016


Obtaining PMP Certification demands dedication. From attending PMP training courses to passing the PMP tests a lot goes into becoming a PMP certified professional. However, looking beyond getting a PMP certification can also contribute towards your professional attributes as a project manager. Such as:

Developing Emotional Intelligence

An important trait of a project manager is emotional intelligence. Emotional Intelligence is the ability to communicate one’s emotions in a pleasant manner, thereby handling interpersonal relationships tactfully. Without emotional intelligence, a person could act impulsively or overreact to situations. Such knee-jerk reactions could be detrimental to one’s career and burn-bridges with colleagues and acquaintances. In order to avoid these situations, it is important that an aspiring project manager consciously practices the craft of emotional intelligence throughout his or her professional journey.

Honing Your Soft Skills

While going through your PMP Certification training, you can also invest time in improving your soft skills. Honing soft skills can help you conduct yourself well at formal occasions. For instance:

Conversational etiquette - avoid certain topics at formal gatherings. This includes personal problems, politics, religion, and other touchy issues that could harm beliefs and sentiments of those present at formal gatherings.

Sense of humor - have a healthy sense of humor. This goes a long way in establishing good professional relations. While you may be fun to be with, it is important to time your humor appropriately to make a good impression on your colleagues. When attempting humor, ensure that you adhere to cultural, religious, and political sensitivities and keep your humor lighthearted and in good taste to make a positive impression on your colleagues.

You can observe people in formal and social settings however, perfecting soft skills comes only with constant practice.

Being Well Informed

While a PMP training equips you with knowledge about core project management, it is important to be well-informed about all that’s happening in the world around you. To stay abreast with latest news, you can adopt the following strategies:

•Talking to people from various cultures.
•Reading on local, national, and international issues.
•Subscribing to management-related magazines to keep pace with latest trends in your industry.
•Making use of social media to engage in healthy debates on key issues to gain more perspective.
•Having a constant thirst to know more.


EduMind Management at 05:44

          


Wednesday, 10 February 2016


There are various strategies that you can adopt to excel on a PMP test. However, most strategies have a few tips in common. These include the following:

Enroll in a good PMP Certification Training Program

Identifying the right PMP Certification training program is a very important step in preparing for a project management certification. EduMind offers customized courses for participants who have diverse and demanding professional and personal priorities. These courses include:

1. PMP Online—suitable for people who cannot commute to training locations

2. PMP Onsite—suitable for people who prefer face-to-face interaction. PMP Onsite training programs are located in a variety of areas, such as:

  • Chicago, Illinois
  • Atlanta, Georgia
  • Columbus, Ohio

Learn the Concepts

It’s not possible to memorize everything from books. Instead, focus on learning the concepts, which you can apply while trying to acquire a PMI certification. To learn concepts, you can adopt various strategies, such as:

1. Engaging in online discussion forums.

2. Discussion with fellow students in your PMP training program.

3. Going through blogs posts and other online PMP forums.

4. Hosting informal seminars to refresh your knowledge.

5. Devising scenarios that demand application of concepts that you learn.

6. Talking to the experts that can explain concepts using real life examples.

7. Read Questions Thoroughly

It is highly likely that you might misread questions if you are tensed while taking your PMP test. Therefore, it’s always a good practice to read a test question twice or thrice to ensure clarity. It will be a wasted attempt if you read a question wrongly and in turn mark an incorrect answer.

Analyze PMP Mock Test Results

After finishing a practice test, evaluate yourself. This will give you an insight into the areas that require more focus. Remember, consistency is key in passing the PMP exam. Scoring too low in a subject can impede your chances of securing a project management certification, even if you have scored high in other subjects.

Attempt Questions from a Project Manager’s Perspective

PMP questions are created with the aim of testing your project management capabilities. While attempting a PMP test question, put yourself in the shoes of a project manager before marking your answer. When you adopt this approach, you get a whole new perspective of the question, which can further boost your chances of getting the answer right.

Practice, Practice, and Practice

Practice makes perfect. With regards to getting more practice, you can adopt the following strategies:

1. Continue to take practice tests.

2. Create your own questions and exchange them for questions created by your peers.

3. Revisit difficult concepts constantly.

4. Be consistent in your preparations.

5. Stay motivated and mentally focused

6. Manage preparation time effectively.

7. Maintain consistent levels of performance in all subjects.

8. Make the best of your PMP certification training.

Adequate practice enhances time-management skills, reinforces concepts, increases confidence, and prepares you better for acquiring a PMP certification.

EduMind Management at 07:27

          


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