Monday, 29 August 2016


What really happens inside project management? How do project managers spend their time at work? What kind of tools are used, and how are they used in project management? These are some of the questions you should consider before signing up for a PMP training course

Unlike other management areas, project management follows specific methodologies with their own defined set of standards. Each project methodology has its own way of dealing with resources and business requirements. A project manager must master these methodologies in order to deliver value to the project. 

The most commonly adopted project methodologies include Waterfall, Scrum, and Agile. Agile is becoming the most commonly used project management methodology due to its cost-effectiveness and ability to achieve project milestones using minimal resources. 

Project Management Tools and Software Frequently Used

Project management methodologies and tools/software are two different things. Many candidates signing up for PMP course mix up methodologies and software, which results in poor performance on the exam. 

Project Management Training
Project Management Training

Project managers have many project management tools at their disposal. Project management software helps project managers take stock of all available resources, assign them to specific projects, link milestones to team efforts and monitor the progress. The dashboard of project management software provides the project manager with necessary information like work reports, defects, tests, issues, and changes made. 

Project Management is More than just Managing Projects

Almost anyone can manage a project, but only very few will earn their PMI PMP® certification.  In fact, research done by Wrike found that out of 1,464 workers, 94% were actively involved in project management. However, only 47% of the workforce actually hold a valid PMP certification.  A lack of proper training and expertise in project management often costs businesses in terms of the project budget, schedule, and the ability to meet the project’s requirements. 

Project management has evolved into a domain where managers have to keep up with rapid changes. For instance, in the future, project managers will have to rely more on remote project teams. In fact, more than 40% of the workforce in an organization is estimated to be freelancers, independent contractors, or temporary employees. Project managers have to increasingly become skilled at managing a remote workforce to achieve project goals. 

Likewise, in the future, from project meetings to employee onboarding, most  project activities will take place virtually. Room meetings will decline in number as virtual conferences and digital workplaces will take precedence. 

Project management demands that a manager is able to multi-task. Project managers must be professionals who can constantly evolve and adapt to changing scenarios. Digitally equipped workplaces and staff working remotely or from remote areas are changing the conventional ways of working on a project, which is seen as an increasing trend that is likely to become the future of project management. 


EduMind Management at 05:03

          


Friday, 19 August 2016


Effectively managing projects is an important element to the overall success of an organization.
Organizations that acquire talented and skilled project managers have a higher overall success rate when it comes to completing projects. Training is a key element to success, and here are some reasons why. 
Online PMP Training

Helps with meeting deadlines

A Harvard Business Review report has found that one out of every six projects has a cost overrun of at least 200%. The report further stresses that these projects have a schedule over run of approximately 70%. 

These shocking statistics show how poorly projects are run globally by non-qualified project managers. Trained project managers are able to set reasonable deadlines to achieve realistic goals. Attending an Online PMP training course will help project managers learn the standards set forth by the PMBOK. 

Improves resource allocation skills

A project manager should be able to make the best use of the resources that are available. In some cases, the ideal set of resources may not be available at all. In such circumstances, project managers must put into practice their resource allocation skills acquired through training in order to complete the project. 

Sharpens project documentation skills

On any given day, a project manager will sort through several project documents that need to go to stakeholders. The most commonly used project documents include: 

Business case
Project management plan
Project charter
Statement of work
Risk register
Status reports
Project budget vs actuals 

Each document has its own purpose and content. Preparing the documentation itself is a task that requires caution and attention. A project manager who has completed online PMP training will be able to complete the documentation part without any common mistakes. 

Provides knowledge to use tools and resources 

Information Systems and project management go hand in hand. In most business scenarios, the project manager will use Information Systems and reports generated by it to monitor the progress of multiple projects. 

An online PMP prep course helps the project manager to become:

Well versed in Information Systems commonly used in project management
An expert in generating and archiving reports related to each project
Skilled in monitoring several metrics as provided by the Information Systems

Encourages proactive decision making 

It is estimated that for every 100 projects, 94 projects are restarted due to poor planning and allocation of resources. Unqualified project managers who lack experience fail to have a long-term vision for project implementation, which causes delays in projects.  

Organizations that provide online PMP training for their employees find themselves among the top 80% of high performing businesses. They are able to achieve 3.5 times better project results than those organizations without PMP training. 

EduMind Management at 08:49

          


Tuesday, 05 July 2016


Project Management practices have a very high success rate when implemented in Government sectors.

And the reasons are? 

The volume and scale of Government projects when streamlined, translate into impressive results.

Introduction of legislation

In this context, The National Academy of Public Administration supported the passage of a resolution HR 2144—The Program Management Improvement and Accountability Act of 2015— that directed:

Creating a formal job series and career path for Program Managers in Federal Government

Development of a standard based model for program management

Designating a senior executive in each agency for overall management

Establishment of an inter agency council to align approaches across government bodies.

The NAPA in its findings have also stated that institutionalizing Program Management in the Federal Government was a priority.

Project Management – the crux  

Mega projects have components that need to be integrated together. While each component may be on schedule, planning the overall or high level integration is vital to the project.  Project Managers will be the lynch pins that hold the projects together.

Monitoring project health 

Projects funded by taxpayers are under scrutiny and pressure to improve performance. Infusing proven practices of Project Management, monitoring and assessing the status of projects at various life cycles has proved vital for project implementation, empowering managers to steer the projects out of cost overruns and delayed schedules, while meeting the objectives.

PM in NASA

The fact that NASA has embraced Project Management should not come as a surprise. With mission critical goals and projects involving technology that make news headlines, PM must have a role in the success of all projects. NASA manages projects on a four point basis - project formulation, approval, implementation and evaluation.  NASA has partnered with private enterprise to push the envelope on new projects and has implemented PM practices. With many projects, hiring at NASA will involve seeking out high quality project management skills.

Government initiatives at PM

Project management in government projects involves prevailing practices like leveraging, setting standards and establishing performance markers for all stake holders to achieve. Two instances of US government projects that were managed successfully are:

The U.S. Department of Defense initiated reforms in buying, through effective project management, resulting in savings of close to 300 million USD for the US Navy.

The US Department of Homeland Security restructured the management of all large acquisitions increasing awareness at higher hierarchy and lending credibility to the program.  
       
Benefits of Project Management Credentials 

Project Management Certification significantly improves the chances of being hired by the Federal Government with the passage of the legislation and implementation of Project Management practices.

A Project Management Professional with credentials is likely to receive 10% more salary in the private sector than a Project Manager without credentials.

A PMP certified candidate attracts the attention of a recruiter- How?

1. Recruiter Checks for the skills and commitment acquired by the candidate

2. PMP certification is proof of honing excellent project management skills   that job recruiters covet in potential prospects.

3. Having invested time and money in certification the probability of a candidate switching jobs is minimal- recruiters prefer candidates with longer tenures with a particular firm

4. The role of a PM in a government agency is considered as crucial in the successful completion of a project. Recruiters mostly prefer a PMP compared to a PM.



EduMind Management at 05:38

          


Friday, 24 June 2016


Night jobs can be stressful. Pursuing PMP training while working as a full-time professional with night shifts will demand additional effort and dedication. 

Here are some simple tips that can help prepare for the PMP exam and manage your full time night job successfully.

Making the most of it

Time management is the key to managing a full time job during the night while taking a professional course during the day. Most professionals that work at night spend their days sleeping and tending to personal tasks. . Therefore, it is important to draw the line between sleep time and being awake.  . It is imperative that the night shift working professional  distribute the available waking hours between personal chores and preparation for the PMP exam. 

Weekend training sessions

It may be necessary to attend classes to clear any uncertainties or brainstorm with tutors, and night shifts might be a barrier to attending the regular week day sessions. The best way to get around this would be to enroll for weekend sessions. Many seasoned PMP training providers offer weekend sessions to cater to the growing demand from professionals working on night shifts.

Online classes

One option that should be seriously considered is to take up PMP Training Online from reputed institutes. Online classes give flexibility to learn for a longer time from the comfort of residences and without the restrictions of rigid time constraints.

Self tests

Taking mock tests periodically would be a great way to know the fruits of preparation. The tests should be timed and taken in a proper atmosphere, to give the feel of an actual test. Additionally, design your own tests that are not time bound. Use these tests to spend your free time at work to solve complex questions. 

Analyze and appraise

The tests that one takes should be an indication of the preparedness. However, it would benefit immensely if the results of the tests and the difficulties faced are jotted down and analyzed. This would give a fair idea of the strengths and the areas which require additional attention. The analysis could indicate the areas or subject that need special attention, while confirming his or her strengths in a different area. This information can be used to redefine the preparation strategy with additional time on weaker areas.

Rest and nutrition

Given that working at night can cause increased fatigue if a proper cycle of rest is not followed, it would be a wise decision to allow the body and mind to rest. The days immediately preceding the exam should not be used for cramming subjects, but should ideally be devoted to reviewing and refocusing with adequate time allotted to rest in between. It is essential that the dietary requirements are fully met. Intense study sessions demand sufficient energy and nourishment which must be duly satisfied. The selection of food should NOT be exclusively based on easy availability or easy to prepare or comfort foods. Healthy and easy to digest food should be considered and consumed during preparations and prior to exams.

Work and studies can go together

Balancing heavy loads of work and studies is not on everyone’s wish list but the attempt gains momentum when a strong team is formed. Team work paves the way to fetch results that can be fulfilling and professionally beneficial.


EduMind Management at 05:42

          


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