pmp certification cost

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PMI Project Management Professional (PMP)
Workshop
PMI, PMP, PMBOK PMI Talent Triangle are
registered marks of Project Management
Institute, Inc.
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About Project Management Professional (PMP)
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Why PMP?

• To become a better project manager as the best
  practices have been included procured from myriad
  project managers across the globe.
• Increases the success rate of your project as you
  become more organized.
• Minimizing resource utilization and making a
• project cost effective .
• Changes how others look your abilities.
• To keep your job, promoted or get a job.
• Hike in your current salary (Help you to get
  ahead)

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Exam Eligibility Requirement

Category Eligibility of Education Formal PMP training hours Hours leading and directing project
One Bachelors Degree or global equivalent 35 Contact Hours 4,500 hours
Two High school diploma, associate degree or global equivalent 35 Contact Hours 7,500 hours

• After paying the examination fee online, PMI
  will send an authorization letter
• Exam must be taken within one year of receiving
  the authorization letter
• PMI may randomly choose to send your application
  for auditing
• You need to contact a prometric center to
  schedule a date for the exam

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Examination Pattern

• ? Total 4 Hours duration
• ? Out of 200, 25 are considered as pre-test questi
  ons (zero
• marks) and only 175 are scored for the exam
  result
• ? Grading system is followed to arrive at the
  result Pass or Fail. Result is based on the
  individual grades on each process group.
• ? Grades are
• Below proficient
• Proficient
• Moderately Proficient
• There is no negative marking.

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Distribution of Qs across Process Groups

Process Group Percentage of Questions

Initiating Initiating 13
Planning Planning 24
Executing Executing 31
Monitoring Controlling Monitoring Controlling 25
Closing Closing 7
Note This of distribution might vary as
required by PMI.
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Introduction to Project Management
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What is a Project?

• What is a Project?
• A project is a temporary endeavour undertaken to c
  reate a unique
• product, service or result
• Projects drive change, enable business value creat
  ion and have an initiation context
• A project can create
• A product that can be either a component of
  another item or an end item in itself,
• A capability to perform a service or,
• A result such as an outcome or document.

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Project Management Institute, A Guide to the
Project Management Body of Knowledge, (PMBOK
Guide) - Sixth Edition, Project Management
Institute, Inc., 2017, Page 4-6
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Programs Portfolio

• Project Management exists in a broader context
  governed by
• Program Management
• Portfolio Management
• Organizational project management (OPM) and
  strategies
• Program Management
• It is a group of related projects managed in a
  coordinated way to obtain benefits and control
  not available from managing them individually. It
  focuses on project interdependencies and optimal
  approach for managing them.
• Programs and projects deliver results
• For example,
• New aircraft manufacturing program has multiple
  related projects. Project A manufacture
  cockpit Project B manufacture fuselage
  Project C manufacture turbine engine etc.

2018 ExcelR Solutions. All Rights Reserved
Project Management Institute, A Guide to the
Project Management Body of Knowledge, (PMBOK
Guide) - Sixth Edition, Project Management
Institute, Inc., 2017, Page 14
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Programs Portfolio

• Portfolio Management
• It refers to a collection of projects or programs
  (may not be necessarily related or
  interdependent) and other work that are grouped
  together to facilitate effective management of
  that work to meet strategic business objectives.
• Portfolios make value decisions
• For example,
• Aircraft manufacturer may have business lines
  such as domestic aircraft manufacturing,
  international aircraft manufacturing, warfare
  aircraft manufacturing etc.
• Note Organizational Project Management (OPM) -
  Integrates project, program and portfolio
  management with organizational enablers to
  achieve strategic objectives. In other words, do
  the right projects and allocate of resources for
  them

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Project Management Institute, A Guide to the
Project Management Body of Knowledge, (PMBOK
Guide) - Sixth Edition, Project Management
Institute, Inc., 2017, Page 15 -16
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What is Project Management?

• It is the application of knowledge, skills, tools
  and techniques to project
• activities,
• Using the 49 processes and 5 process groups i.e.
  Initiating, Planning, Executing, Monitoring
  Controlling and Closing with appropriate
  application and integration, project management
  can be accomplished.

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Project Constraints
Scope Quality Schedule Budget Resources Risk
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Project Vs Operations

• Operations are an organizational function
  performing the ongoing execution of activities
  that produce the same product or provide a
  repetitive service
• Value is realized in operations
• Examples Manufacturing, Production operations
  etc
• Though temporary in nature Projects can help
  achieve the organization goals when they are
  aligned with the organizations strategy.

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Project Life Cycle

• Project life cycle - A collection of sequentially
  (typical and sometimes overlapping) project
  phases determined by management and needs of the
  organization
• Phase A number of related activities resulting
  in deliverable(s)
• Types of project life cycle
• Predictive
• Adaptive (Agile)
• Characteristics of the project life cycle
• Starting the project
• Organizing and preparing
• Carrying out project work
• Closing the project

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Project Management Institute, A Guide to the
Project Management Body of Knowledge, (PMBOK
Guide) - Sixth Edition, Project Management
Institute, Inc., 2017, Page 18,19 Fig 1-2 Page
548
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Development Life Cycle Phase Gate

• Development life cycles Those phases of the
  project lifecycle where product development
  happens
• Types of development life cycle
• Predictive (waterfall)
• Iterative
• Incremental
• Adaptive (Agile)
• Hybrid (mix of predictive and adaptive)
• Phase gate A phase-end review with a decision
  to
• Continue to next phase as is or with modification
• Remain in the same phase or repeat some of the
  phase work
• End the project

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2018 ExcelR Solutions. All Rights
Reserved Project Management Institute, A Guide to
the Project Management Body of Knowledge, (PMBOK
Guide) - Sixth Edition, Project Management
Institute, Inc., 2017, Page 19,21
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