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

          


Wednesday, 20 April 2016


In today’s rapid ever-changing world, businesses want more for less and fast. Projects are expected to be turned around in the shortest time, within the leanest budget, demanding the best of practices possible while maintaining the highest industry standards. To meet these seemingly implausible expectations, the right balance of planning, monitoring, evaluating and controlling can make all the difference in project management. It enables bringing projects to completion on-time, on-budget and on-quality. Project objectives can be achieved by aptly leveraging certain project management processes, guidelines and techniques effectually.

By implementing the following best practices of project management, it could phenomenally help you reach your project objectives:



Plan the Project Work Plan
The idea of immediately beginning work on the project and jumping right into it, needs to be set aside. Create a project work plan that constructs project deliverables and manages the project. The time invested in planning the project will pay off with end results of reduced costs, quick turnaround time, right resources assigned, reduced leeway for errors and improved quality of the project’s life. Once the work plan is approved, it becomes the foundation from which to build upon and grow. If you are not confident of how to manage a project plan, completing the PMP test will give you the push in the right direction. By completing the PMP test you get the opportunity to brush upon the fundamentals of project management. 

Monitor the Work Plan’s Agenda and Budget
Now that the work plan is in place, execution of project work can commence. However, periodically and regularly, keep a tab on the Agenda created by the work plan and ensure the project timelines are not deviating from the set path. Constantly keep a check on the budget and update the statuses or raise flags if required. While challenges might come your way, proactively work towards completing the project within the original effort, cost, and duration. Cost and Time are crucial factors at any level of project management and these two important knowledge areas are covered in the PMP boot camp training class.

Evaluate Scope-change Management Procedures
Over and beyond the effectual management of the project’s agenda and budget, managing scope is another very important factor to look into. Effectively try to establish stringent scope-change management procedures in place. If you are unsure about how to go about it, a quick 4-day boot camp at a PMP class will greatly help you. Scope creep (a series of small scope changes) apparently is one of the top reasons that result in project failures resulting in projects to be not delivered on-time and on-budget. Ensure to focus and track scope creep. 

Control Risks and Resolve Issues
By identifying the risks up front, it will help in quickly mitigating the impact the risk might have on the project without creating any further problems. The possible risks and its associated impacts needs to be gauged. The high-risk events that have been identified should have strong backup plans in place to ensure they do not occur. Along with the risk management and assessment process, ensure that on a constant basis the varied issues that rise up are immediately being given attention and resolved in a timely fashion. One must be equipped with good knowledge of risk management to handle such a situation. It would help to attend a 4-day classroom PMP boot camp training course, to quickly garner knowledge on one of the key PMP knowledge areas – Risk Procurement. 

Therefore, by diligently planning, monitoring, evaluating and controlling at varied levels of the project, you are well on your way to deliver quality on-time and on-budget!


EduMind Management at 00:58

          


Monday, 21 March 2016


In the modern business setup, the entire functionality is divided into different project models. These are handled by skilled project managers and their teams. In such a scenario, the PMP credential is the most coveted and sought after. If you’re looking for a way to step up your career and acquire a PMP certification, it is first necessary to identify if you’re eligible for it. Individuals holding the title of Project Manager with years of relevant experience are eligible to take the PMP exam. However, what if you hold a position and you do a lot of project management even without the Project Manager title? What if you have several years of experience performing project management activities as a team member?

If you relate to the above mentioned scenarios, but are unable to figure out if you’re eligible for the PMP exam, then read on:

Read the handbook carefully

The first thing you need to do in order to figure out if you’re eligible is to download the PMP handbook provided by the Project Management Institute. 

Focus on the sections that shed light on the eligibility and requirements for the PMP exam. The eligibility section speaks about the basic requirements such as educational background, project management education and project management experience. The handbook also contains sections that explain the application process in detail. Learn how work experience is counted when applying for the PMP Certification exam. Remember, it is not the title that’s important, but the project management duties that accompany your title. Project manager or not, you’re still eligible for the PMP exam, provided, you meet the guidelines mentioned in the handbook.

Overcoming the odds

While trying to go through the eligibility criteria, you may feel yourself lacking in some aspects. Determine whether it is possible to equip yourself with the necessary requirement to fulfil the eligibility criteria. If yes, figure out how you’re going to act upon it. For instance, PMI requires 35 contact hours as a minimum requirement to attempt the PMP test. If you do not have them, try attaining the contact hours through feasible means. EduMind’s PMP exam review courses provide the required 35 contact hours to fulfil your eligibility requirement.

Read the PMP content outline

It is important to identify whether the roles and responsibilities handled by you comply with the requirements of the course content. Download a copy of the PMP exam content outline from PMI’s website. The outline allows you to gain an understanding of the tasks described and compare with those you’ve most likely carried out at work. The outline covers the general tasks of a project manager in an organization. Although you’re not expected to be responsible for all the tasks described in the outline, you should be able to identify with a majority of them. This ensures that you meet the eligibility requirements of the PMP exam

Update resume and compare:

If you haven’t done it already, then it’s time to update your resume and list out all the recent projects you’ve been involved in. Give a detailed overview of the responsibilities that you were assigned and what your everyday tasks included. Once you’ve done that, ask yourself if you meet all the eligibility requirements from step 1. Have you worked to fill the gaps in the PMP exam requirement as mentioned in step 2? Do the roles and responsibilities listed out in your resume match a majority of the tasks from step 3? If your answer is ‘yes’ to these questions, then you most likely are eligible.

Call customer care to double check

If you’re still unsure and apprehensive about making a PMP application, contact PMI’s customer care to help you with any queries you may have. Send an email to customercare@pmi.org and the PMI’s helpful staff will put your worries to rest.

With these steps, you can determine if you’re eligible to take up the PMP exam and can proceed with the PMP application process.


EduMind Management at 07:33

          


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

          


Wednesday, 27 January 2016


PMI’s infamous PMP certification is every project manager’s dream come true. The credential holds immense value in the eyes of potential employers and opens up promising opportunities. If you wish to acquire the PMP certification, making your way past the PMP Exam Prep Course is the toughest challenge. First time test takers may be apprehensive about what to expect in the exam. Even professionals with years of experience in the project management field do not fully understand what it takes to pass the PMP exam. This has given rise to a number of misgivings about the PMP test. 

We bring you the top 5 myths surrounding the exam and bust them, so you can bid adieu to your PMP exam woes forever.

Myth 1: You need to score over 61% to pass the exam

No, this is not true. While this was true at one point in time, nowadays, passing the PMP exam is no longer about the percentage of questions with correct answers. The PMP test format follows a psychometric analysis. This means that the questions which are tough contribute to a larger part of the total score than the easy questions. Answering a few hard questions correctly will get you a higher score percentage than answering several easy questions correctly. Therefore, the number of questions you answer does NOT determine whether you’ve passed or failed the exam.

Myth 2: Only PMI Registered Education Providers must provide PMP exam prep courses

This statement is not valid since there is no specific authorized course to prep for the PMP exam. Anyone from a REP to PMI component organizations to distance learning consultants can provide PMP exam prep courses. However, in order to ensure that the quality of training obtained is standardized, it is highly recommended that PMP training is availed from a REP. EduMind is a PMI REP and availing its courses gives you the highest assurance of quality and standardization.

Myth 3: The audit process uses applicant profiling

Absolutely not! This is one of the most widely circulated myths about the PMP exam. While it is widely stated that the auditing is based on applicant profiling, the claims are absolutely false. The audit process is completely random. If you think that your application will not be called for an audit, then think again. When completing the PMP application process, bear in mind the chances of you being called for an audit. It is better to be safe, than sorry and prepare well in advance.

Myth 4: Memorizing Inputs, Tools & Techniques, and Outputs ( ITTO’s) 

There are around 500 ITTO’s described in the PMBOK guide and memorizing all of them is a huge waste of energy and time. Instead, focus your efforts into understanding the concepts behind them. Questions that are commonly asked during the PMP exam revolve around how or why a specific ITTO is used and does not require memorization.

Myth 5:  35 PDU’s are required to take the PMP exam

No. What you actually need are 35 contact hours in order to be eligible for the PMP exam. The PDU’s i.e. Professional Developmental Units are required after you’ve obtained your PMP certification. PMI requires that one must earn at least 60 PDU’s every three years to maintain the PMP credential. However, first time test-takers need not worry about PDU’s. If you do not have 35 contact hours, then acquire them first before making an application. Participate in any of EduMind’s PMP exam prep courses and you will gain the much-needed 35 PMI approved contact hours.

There are countless myths surrounding the PMP exam in addition to the ones we’ve listed above. Do not let it get in the way of your PMP exam prep. When in doubt contact PMI customer care service or talk to your PMP exam prep course instructor to debunk any unsettling myths you come across.

EduMind Management at 07:40

          


Sunday, 27 December 2015


A PMP boot camp will increase your chances of passing the PMP test significantly. It will impart, in-depth understanding of difficult concepts and topics. Learn, interact and master the subjects under the guidance of experienced tutors. 

The prime motive of boot camps is to accelerate the study process of a student. They help students grasp important course subjects without any interruptions or distractions. Attending a PMP boot camp will enhance the quality of your study time. It will also result in efficient knowledge gain. Aspiring learners will not be bothered by incessant calls, notifications and the urge to take an unnecessary break. 

A PMP test boot camp will typically span from three to five days. It will provide attendees with all of the prerequisite information that a student will be subjected to on the test. A well-chosen boot camp will help you address the following issues:

A rigid time schedule that eliminates every possible distraction that might hamper your learning. 

Understanding the latest exam model and question pattern with optimized preparations.
Cost and study materials

A typical PMP boot camp session can cost hundreds of dollars or more. Certain employers will reimburse and/or pay the cost outright of PMP Boot Camp classes for their employees. The fee amount will have to be remitted in advance before the class commences. For employees, the advance payment is asked for, to ensure that the employee is dedicated to complete the PMP application with passing grades. 

The study materials for the PMP test preparation must include the PMBOK® Guide. The course provider might also provide supplementary study materials to further enhance the knowledge of the student. Most often, study materials will be provided well in advance before the class commences so that students can get acquainted with the material. 

Pass rates

Most PMP application course providers claim a high pass rate for their institutions. It falls to the student to verify that the pass rates claimed by course providers are accurate. Some providers back their claims with a money-back guarantee which further strengthens the confidence of the student. It is recommended that the student read the fine print of the course before paying the fees and making a long team commitment to passing the exam.  

The following questions will help identify if a PMP test provider is worth joining or not:

Does the provider hold a valid registration with the PMI? A registered provider is more credible than a provider not registered with the PMI. 

Is the PMBOK® Guide used as an integral part of the course material?

Does the provider render assurance that the PMP boot camp will be organized even if the minimum requirement is not met?

Complete details about lecturers, their experience in project management, class timings, etc.

Will the PMP test preparation be conducted in physical classrooms or take place in an online classroom setting?

How many practice questions, mock tests and previous questions will be discussed /solved during the boot camp?

An aspiring student can attend any number of PMP boot camps to clear the PMP test these days. Online classrooms provide an excellent learning experience and have a success rate in aiding the learner in passing the PMP test.  A prospective learner should review, analyze and think critically before applying for a PMP application course.  After all, it is their own future that they are trying to make brighter.


EduMind Management at 23:13

          


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