What is Project Management?
It is initiating, planning, regulating, and completing the work of a group/team under numerous varying constraints. Constraints may be time, budget, style of output needed, etc.. This is all specified in the documentation before initiating any project. And lastly, all the tools have to be allocated optimally to satisfy the pre-defined objectives. Each project is done to design a unique product usually better than before to maintain current clients happy or to bring in new customers. Sounds exhausting, does not it? To achieve all this, complex technical abilities and leadership strategies are required. It is safe to say job management is an art in itself and should have certification and professionalism. The need for professionalism in project management led to the formation of the PMI.
PMI - Project Management Institute
The PMI is a nonprofit professional company serving more than 3 million professionals in over 200 nations. It manages their criteria, education, networking, research, and publications in project administration. It hosts workshops and seminars and also provides certification. Founded in 1969, the PMI's primary objectives will be to offer a forum to talk about project management problems and solutions, develop criteria, and to provide guidelines for the field.
The PMI's first credential was the PMP. Since that time it turned into a de facto standard certificate in project management. As of now, over 930,000 individuals hold the PMP credential approximately. Credential holders don't necessarily need to be members of PMI. To acquire the credential, people have to fit the educational and experience requirements, after which they must have a test comprised of multiple-choice queries.
The PMP Test (Project Management Professional)
This test is conducted in accordance with the PMP Examination Specification which tests five Big domains which are as follows:
1. Initiation
2. Planning
3. Execution
4. Monitoring
5. Closure
The examination consists of 200 multiple-choice inquiries. Being a closed book examination, no outside references/books are allowed. Twenty-five questions about the examination are to control the accuracy and difficulty of the test. These aren't considered during test. Each candidate is rated based on the remainder of the 175 questions.
The PMP is usually a computer-based test. Paper-based options are provided in locations where no testing centers are accessible. Candidates may see their rating immediately after the evaluation is concluded. There are numerous proficiency levels and knowledge areas that are evaluated during the PMP test. These details are provided to test takers separately on a score report.
Significance
Some certificates are domain name or location-specific, but the PMP is truly global. Nearly every business in the world uses PMP licensed supervisors to be certain their work is impeccable and to increase their success prices. The PMP can also supply a significant benefit in terms of salary and potential earnings prospects. The employers benefit if most of their supervisors are PMP certified. Projects usually meet the deadlines along with the budget requirements with no hassle. And lastly, being PMP certified ensures that you understand the worldwide standards of project management that increases your reputation among the expert community and makes you a project hero.
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