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Dear PMP Aspirants I am happy to announce that I passed my PMP Exam on 7-June-2010 . This is one of the great achievement in my professional career. It really gives a Great feel within us and People started looking with unique feel and respect. #: 16
First, let me tell you the wrong answers. It’s not your degree, or even your experience. It’s not any particular certification, including the PMP or CAPM, that you may have. #: 12
The Project Management Professional (PMP)® certification is a stepping stone for project managers to climb up the corporate ladder. It provides you with the most sought after appreciation and visibility within your organization. The certification enhances your chances of professional growth within the organization and opens up new avenues. It validates your skills as an efficient project management professional. It not only enhances your earning potential but also provides you with a competitive stand in the job market. #: 9
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About 2 years ago, I wanted to do my PMP certification, I took PMI membership, downloaded the 3rd edition PMBOK and that was all I did, never really sat down and studied for the exam seriously and my PMI membership expired. I reapplied earlier this year and wanted to take & pass the test in 2009. Based on LLs from PMHUB and my own experience, I decided to take the exam only after I feel 100% confident that I can pass the exam. I started with reading PMBOK 4th edition cover to cover, one thing I noticed is that it is much more reader friendly than the 3rd edition. #: 7
Procurement in the Fourth Edition of PMBOK has contracted down to four processes from six, and PMI has removed explicit mention of “contacting” in the process names, but none of the functionality has been lost of course. And although we normally think of procurement processes as being between a buyer and seller, these same processes are equally applicable to work performed for other units of the project team’s organization. #: 3
I took the PMP certification exam recently and am happy to report that I passed. In my preparations for the test, I read a few Tips and Tricks from others. They helped me out quite a bit so I thought I would share some of these along with my own lessons in order to do a little “Pay It Forward”. [...] #: 14
Hi Everyone, #: 45
I had read through the PMBOK (3rd edition) during my masters in project management degree programm, and still had to read it a second time in May this year. I became very anxious when I realised that I had to study the latest edition of PMBOK guide (4th edition) since my exam was slated for August 28th 2009. #: 12
 In addition to the five process groups of project management there are nine knowledge areas which intersect with these process groups. Table 1 defines the nine knowledge areas of project management and how they interact with the five process groups that comprise the project management lifecycle. The intersection of a process group and a knowledge area reveals the project management processes that facilitate the associated project work. Read More….#: 20
Hi everyone, I am happy to share the news with my fellow PMP professionals and soon to be PMP’s that I was able to clear my PMP certification exam in my first attempt on August 22nd, 2009. #: 24
 Roger Chou PgMP (NOTE: To access free e-learning session about how to properly do this lesson learned method, click http://linkbee.com/PMABCv1)
It has been almost two months now since the PMP® Exam adopted the 4th edition of PMBOK. So far our pass rate gets back to normal. The alarm is off. Some Americans asked me how we helped our students to achieve so even facing the challenge brought about by the new exam. After some discussion, I think I know why. #: 10
Let’s look an example. Pretend you’re a project manager for an architectural firm (unless you actually are a project manager for an architectural firm), and I’ve hired your company to create my dream home. The creation of this home would have some obvious phases to allow the project to move concept to finished reality. The first phase of this project could be the design phase, where you’d do requirements gathering with your project team, work with the architects to get the blueprints just right, and work with me to ensure that your project team has captured my vision of the finished project. The next phase of the project would be the exaction phase and then the foundation phase, the framing phase, and so on until all of the phases have created a wonderful home and the project was completed.
This is called the project life cycle. A project life cycle is the progression of the project phases from the first phase all the way through the final project phase. Project life cycles are unique to application areas. You probably won’t have too many foundation phases in health care or in IT. You would, of course, have phases that are logical to the application area you’re working in – and that are unique to the project that you’re managing.
Real World Note: Phases can be called lots of things. Some organizations call phases stages. Other companies call phases a work unit. And your company may have an entirely different set of nomenclature for phases like just the name of the work that’s happening in that phase. It’s not big deal what terminology you want to assign to a phase – it’s the concept that’s important. A phase is a portion of the project that creates a deliverable and allows the next phase to begin.
Completing a phase doesn’t necessarily allow the next project to phase to begin automatically – though it often does. What may be attached to the end of a project phase is called a “kill point.” A kill point isn’t as scary as it sounds. It’s an opportunity for management, or often the project customers, to look at how the project is performing. If things aren’t going so hot on the project, and by not so hot I mean that the project is late, over-budget, or quality is suffering, then the project can be killed at the point.
Sometimes a project is performing well, but a kill point is enacted anyway. There can be legitimate reasons for killing a project regardless of excellent performance. Consider a leap in technology that supersedes the technology a project may be implanting; it would be foolish to continue implementing the technology that’s outdated, so the project is killed instead. Research and development projects are other examples of projects that are killed, because the research done through the end of a given phase has warranted the project to continue. There is no sense throwing good dollars after bad.
Within the project lifecycle and attached to the project phase you may have to work with cash flow forecasting. Here’s the pitch: you’re managing an $80 million project that’s scheduled to last five years. Management and your customer are probably not going to just write a check for 80 million bucks and send you on your way. More likely you will be completing a phase-gate estimate and will be working with step funding.
So what’s a phased-gate estimate? Glad you asked. This is an estimate type where you provide a budget estimate for the entire project, as in $80 million dollars, but then you prepare a very detailed phased-gate estimate for the phase that’s about to begin. This estimate is very detailed and shows management and the stakeholders what they’re getting for their money during this project phase. In our $80 million project a phased-gate estimate for the current phase may be five million. The monies spent in each phase totals $80 million.
Real World Note: A budget estimate usually has a range of variance of -10% to +25%. So the $80 million project example could actually cost the organization as much as $100 million or as little as $72 million. The definitive estimate for each project phase usually has a very tight range of variance of -5% to +10%. Notice I said “usually”? Your organization might laugh at those percentages and give you a whopping one percent range of variance – or less. Now that’s the real harsh world.
Defining the Project Management Life Cycle
As I know you know, project life cycles are unique to the project. They are not universal to all projects. What is universal to all projects is the project management lifecycle. Yep, I said universal to all projects – from the creation of the pyramids in Egypt to the design of some schmancy software you might be creating right now. All projects live and die by the project management lifecycle.
The project management lifecycle is comprised of five process groups. The bulk of this book focuses on these five process groups and all the fun activities you’ll do in each group as a project manager. Here’s a quick overview of what type of work happens in each of the process groups as you move through the project:
Initiating: Projects are selected, authorized, and chartered. Fascinating.
Planning: Projects demands lots of plans, so you’ll create project management plans through 21 planning processes.
Executing: Once you’ve got all your project plans and project documentation your project team is ready to execute the project work.
Monitoring and Controlling: The project manager has to keep an eye on all the moving parts of the project – that’s what happens in this process group. Control freak!
Closing: Sooner or later the project gets closed. These activities document the project’s performance, the project’s deliverables, and the project’s lessons learned.
As you can see in Figure 1, there are iterations of planning, executing, and monitoring and controlling. Think of a project you’ve worked on in the past. When the project team was executing the work, or a project risk was discovered, or work was done incorrectly, what would do? Well you may have pulled out your hair first, but you would go back to planning. Planning is an iterative process group throughout the project.
Figure 1: Projects move through five process groups.
The project management lifecycle is universal to all projects, but it does act in conjunction with the project lifecycle. Recall that the project lifecycle is comprised of phases. In a very large project, such as building a skyscraper, the project management lifecycle can be imposed on each phase of the project. This allows for tighter control and forces the project manager to document each phase’s performance before the next project phase is allowed to begin. Nifty.
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There are strong parallels between Cost estimating and Time estimating, as you will see if you compare the ITTO’s (Inputs, Tolls & Techniques, and Outputs) of the estimating processes. #: 10
 Jim OwensPMP eBay is an interesting model of commercial life. If you haven’t tried buying and selling on eBay, you really should, as you can learn a lot about buying, selling, marketing, distribution, and so on. Importantly, you can also learn something about stakeholder expectations. #: 35
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Jim OwensPMP I was so pleased when I read the “Develop Project Charter” section of Project Integration Management in PMBOK Fourth Edition. They have finally caught up with what really happens in real projects (maybe they have been reading JIMBOK #: 26
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this is a very short summary of the difference of the two PMBOKs chapter by chapter [...] #: 2
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What makes you a success? Read this for the correct answer!
Are you wondering if you can take the Project Management Professional (PMP) ® exam or not?
Once the WBS has been created the project manager and the project team can begin to create an estimate of how long the project work will actually take and what resources are required to complete the project work. Resources are generally thought of as people and the roles they play within a project (think network engineer, mechanical engineer, and architect). Resources, however, are also things like materials, equipment, and facilities that the project needs in order to be successful.
I registered to take the PMP exam in october 2008. I really did not start studying very seriously untill June 2009.
Below is the highlight of hundreds of Lessons Learned archived in the LL Forum of PMHUB from 2005 – present 
A project manager has to be many things. To name just a few, a PM has to be a great communicator, a leader, a visionary, and be able to both build and inspire the team. First and foremost, however, a project manager has to be proactive. We employ strategies to plan the future in order to proactively minimize risk on our projects so that we can deliver on time and on budget. Why then is it that when November comes around you can hear a collective groan rise from the worldwide community of PMPs as they ask, where they could quickly get 20, 30 or even 40 or more PDUs before the year is through? 
PMHUB is happy to broadcast these 4 video lessons – free for all PMHUB members. Below is the Video Lecture:
PMBOK 4th ed – what is the main difference, what is the impact to you, what study materials are now available? I have collected all articles related to PMBOK 4th vs 3rd in one article by just providing the titles and the links: 
Hi everyone: The “Lessons Learned” is a great forum to browse, because it’s all about success – and everybody wants to be successful. 
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