In last couple of years, PMP certification has gain its importance within India. It gives you Knowledge insight to compare current project management framework with best practice. Apart from this, the PMP Exam measures the application of knowledge, skills, tools, and techniques that are utilized in the practice of project management.
Today many Indian employees are looking forward to attain PMP Certification as it provides recognition to an individual’s competence. It enhances the technical or business qualifications by demonstrating professionals are capable to manage projects in the crucial circumstances.
Moreover, these days many companies consider PMP Certification as immediate credibility to manage large, sophisticated information technology projects. The major benefit of PMP Certification is it establishes a common language to use with other project managers and eliminates vagueness in projects.
You will experience scenario questions and the often seen which one of these is NOT type of question. You can quickly eliminate answer choices that just don't make sense, there is usually always an odd man out which is clearly not the right answer. At least you can do this and get the answer choices down to more manageable choices. For example, A typical advanced project is complex, long-term and demanding. Conquering it requires a range of skills and disciplines. Because time is always the scarcest resource, many organizations neglect to make a plan to manage all of a project's key stakeholders.
However, such a plan ensures that pivotal people will continue to support the project. It saves time in the long run. You can avoid problems that cause delays by keeping stakeholders informed and involved. Every advanced project manager should prepare a closet stakeholder assessment form listing crucial participants, describing their roles, their project involvement and influence, their motivation and their disposition toward the project. Add your comments. This is a planning tool. Make it frank, honest and confidential for your eyes only.
Properly, the project sponsor should prepare the business case, even though the sponsors are often more than willing to let the project manager do it. Taking on that job would be a mistake. A manager who sidelines the project sponsor faces the risk that the sponsor will withhold approval of the business case. To be politically astute, keep your sponsors feeling like they are in charge. One of your first steps as advanced project manager should be to meet the project sponsor and define goals and a time line for achieving them. The resulting document is the business case production plan. The project steering group can now produce the business case according to the sponsor's plan.
Business Analysis skills are critical on the project team, and a desirable part of the Project Manager's skill set! In either case, the business analysis function is one that needs to be managed with care and the wisdom of experience. This entails putting the business analysis function into perspective.
Consider the roles that business analysts typically play: requirements management, systems analysis, business analysis, requirements analysis, or consulting. One key concept within the framework of a project is that the business analysis process does not just happen once. It is not just executing on a task in the Work Breakdown Schedule. It is a task that takes continuous monitoring, and it starts at a high level near the beginning of the project.
The Project Management and Business Analysis functions do overlap, but are distinctly different. The Project Manager is concerned with the totality of the project, and is concerned mostly with ensuring progress against schedule, risk management and mitigation, and delivering of the product of the project on time, within budget, and to specified quality standards. The Business Analyst focusses on defining the product of the project and ensures it meets the targeted business needs. This job is a project lifecycle function and does not end until the stakeholders verify that the product meets their requirements. A combination of Project Management and Business Aanalysis skills is quite valuable, and only benefits the project, program, organization, and professionals in their careers.
You will come across employers who will specify that the PMP certification is preferred and/or required. This is usually because the PMP allows for a standard measurement by which prospective project managers can be initially assessed, usually on the basis of the resume. As such, a PMP course and certification is necessary and important, especially in high-profile corporate projects.