PMP ® Exam Preparation Course Welcome to PMP Exam Preparation Introduction Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course General Information Parking Refreshment No-Smoking Copyrighted Slides Key Contact Details Trainer: Support: Suggestions & Complaints: Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Project Management Institute Building Professional in Project Management Project Management Institute Established in 1969 and headquartered outside Philadelphia, Pennsylvania USA ,the Project Management Institute (PMI) is the world’s leading non-forproject management professional association with over 200,000 members and 180,000 PMP’s worldwide ® Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course I am Confused PMP EXAM??????? 1) How should I apply? 2) I don’t know If I am eligible? 3) What kind of questions we get in exams? 4) My friends told me it is really tough? 5) I am from a construction industry and there are people from IT in my class how will put learning’s back to my work place ® Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Training & Exam Details Refer Flowchart Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Types of Questions Situational Questions Questions with two or more right answers Questions with extraneous information Out of the blue questions Questions where understanding is important Questions with new approach to known topic Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Ground rules for this training program On Time all the Time Tolerance Limit - 10 Minutes / 80% of the class strength Interactive Class Everyone has to participate No Criticism Bring Highlighter Keep an open mind & not always link the concepts with your job Should complete the given exam in the class/by next class Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course The Project Management Framework Section I Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course The Project Management Framework Chapter – Introduction Chapter – Project Life Cycle and Organization Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course The Project Management Framework CHAPTER Introduction 10 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course 3.2 Project Management Process Groups The project life cycle describes what you need to the work, the project management process describes what you need to to manage the project It includes: Initiating Planning Executing Monitoring & Controlling Closing 109 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Symbols for process flow diagrams 110 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Project Management Process Groups A process is a series of actions directed toward a particular result Project management can be viewed as a number of interlinked processes The project management process groups include: Initiating processes Planning processes Executing processes Monitoring and controlling processes Closing processes 111 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course 3.3 Process Groups Interact in a Project The processes frequently overlap during the life of the project Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com 112 ©2008 All Rights Reserved PMP ® Exam Preparation Course Mapping the Process Groups to the Knowledge Areas You can map the main activities of each PM process group into the nine knowledge areas using the PMBOK® Guide 2008 Note that there are activities from each knowledge area under the planning and monitoring and controlling process groups All initiating activities are part of the project integration management knowledge area 113 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Mapping of Project Management Processes to Process Groups & Knowledge Areas Please Refer to Table on page 43 114 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Developing a Project Management Methodology Just as projects are unique, so are approaches to project management Many organizations develop their own project management methodologies, especially for IT projects; a methodology describes how things should be done Blue Cross Blue Shield of Michigan used the PMBOK as a guide in developing their IT project management methodology Six Sigma projects and the Rational Unified Process (RUP) framework use project management methodologies 115 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Project Initiation Initiating a project includes recognizing and starting a new project or project phase Some organizations use a pre-initiation phase, while others include items such as developing a business case as part of the initiation The main goal is to formally select and start off projects Key outputs include: Assigning the project manager Identifying key stakeholders Completing a business case Completing a project charter and getting signatures on it Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com 116 â2008 All Rights Reserved PMP đ Exam Preparation Course Project Initiation Documents Every organization has its own variations of what documents are required to initiate a project It’s important to identify the project need, stakeholders, and main goals 117 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Project Planning The main purpose of project planning is to guide execution Every knowledge area includes planning information Key outputs include: A team contract A project scope statement A work breakdown structure (WBS) A project schedule, in the form of a Gantt chart with all dependencies and resources entered A list of prioritized risks (part of a risk register) 118 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Project Executing Usually takes the most time and resources to perform project execution Project managers must use their leadership skills to handle the many challenges that occur during project execution Many project sponsors and customers focus on deliverables related to providing the products, services, or results desired from the project A milestone report can help focus on completing major milestones 119 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Project Monitoring and Controlling Involves measuring progress toward project objectives, monitoring deviation from the plan, and taking correction actions Affects all other process groups and occurs during all phases of the project life cycle Outputs include performance reports, requested changes, and updates to various plans 120 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved PMP ® Exam Preparation Course Project Closing Involves gaining stakeholder and customer acceptance of the final products and services Even if projects are not completed, they should be closed out to learn from the past Outputs include project archives and lessons learned, part of organizational process assets Most projects also include a final report and presentation to the sponsor/senior management 121 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Summary The five project management process groups are initiating, planning, executing, monitoring and controlling, and closing You can map the main activities of each process group to the nine knowledge areas Some organizations develop their own information technology project management methodologies The JWD Consulting case study provides an example of using the process groups and shows several important project documents 122 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com â2008 All Rights Reserved PMP đ Exam Preparation Course Assignment Try to memorize mapping of the project management processes Page No 43, PMBOK 2008 Fourth Edition Next Class - Project Integration Management 123 Madras Management Training W.L.L Email: info@mmt-institute.com www.mmt-institute.com ©2008 All Rights Reserved ... ($118,633 vs $103,925).** Project management certification is popular worldwide *PMI, Inc., The PMI Project Management Fact Book, Second Edition, 2 001 **PMI, Inc., Project Management Salary Survey,... of projects, and describe the triple constraint of projects Describe project management and discuss key elements of the project management framework, including project stakeholders, the project. .. Rights Reserved PMP ® Exam Preparation Course Relationships Among Project Management, Program Management and Portfolio Management Program Management Portfolio Management Projects and Strategic