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PMBOK 6 for PMP Exam Preparation – Changes Introduced by PMI

By | 2018-03-22T16:19:47+00:00 March 14th, 2018|Articles, Free Resources, Readable Blog|

PMBOK 6 edition by PMI

PMBOK 6 for PMP Exam Preparation – Changes Introduced by PMI are quite interesting and essential. PMBOK 6 Guide for those who already completed PMBOK 5 Training and stepping up to PMBOK 6th edition. From PMBOK5 to PMBOK6, there are quite a few changes to digest. This is applicable for both PMP & CAPM exam takers.

 

PMBOK 6 for PMP Exam Preparation vital changes:

#1. New Chapter Introduced.

  • The Role of Project Manager” – Emphasis on Project Manager Daily Functions

#2. Couple of Chapters were Renamed.

  • Time Management became Schedule Management
  • Human Resource Management became Resource Management

#3. Few New Processes Got Added.

  • Integration Management & Executing Process Group: Manage Project Knowledge
  • Risk Management & Executing Process Group: Implement Risk Response
  • Resource Management & Monitoring & Controlling Group: Control Resources

#4. Some of Existing Process were Renamed.

  • Performa Quality Assurance became Manage Quality
  • Plan Human Resource Management became Plan Resource Management
  • Control Communications became Monitor Communications
  • Control Risks became Monitor Risks
  • Plan Stakeholder Management became Plan Stakeholder Engagement
  • Control Stakeholder Engagement became Monitor Stakeholder Engagement

#5. Basic betterment in terms of terminology.

  • An Increased Glossary Section with more additions including Agile Terminology as well.
  • For example: Emotional Intelligence, Master Schedule, Project Team Directory…

#6. New Section on Agile Introduced for First time.

  • As more and more organizations are moving towards Agile & Scrum variants of Implementation, PMI has updated its guide to project management inline to the same. This new section comes with close to 100 pages, 6 chapters & one Call to Action request by PMI from fellow Agile & Scrum practitioners to provide feedback.

#7. PMBOK is broken into multiple sections.

  • Part 1: A guide to the Project Management Body of knowledge
  • Part 2: The Standard for Project Management
  • Part 3: Agile Practice Guide

Note to Exam Takers on PMBOK 6 Edition:

PMI offers multiple credentials which are dependent on the PMBOK guide. Such as PMP®, CAPM®. New edition introduced by PMI, the PMBOK 6th Edition has impact on both the exams. Here are the expected changes in the exam.

PMP Exam Takers:

People taking up the PMP Certification Exam are supposed to prepare based on the 6th edition since the exam will be updated in line to the new terms, terminology & adaptations of context from the processes defined in the 6th edition. Although, it is not a major change in terms of exam for PMP exam, since majority of questions are always scenario based for PMP.

CAPM Exam Takers:

People taking up CAPM Certification exam, need to take in detail understanding and hop on to learning the 6th edition in great length, especially on the ITTO’s. Since the CAPM exam is primarily focuses on the ITTO’s (Inputs, Tools & Techniques, Outputs).

Special Consideration on Agile for Exam:

  • Will the PMP exam consists of Agile related questions? No. PMI has clarified the same that the exam will be based only on the PMI PMBOK 6 guide.

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GlobalSkillup™ (Since 2013) is worldwide popular destination for Management Certifications. 12,000+ Management Leaders benefited with GlobalSkillup™ Consulting, Coaching and Training Programs.

Popular Management Certifications offered include PMP, PgMP, PfMP, CAPM, CSM, PRINCE2, PMI-ACP, SIX SIGMA, ITIL, Lean, Kanban, Agile, Scrum, DevOps.

PMP Exam Preparation Strategy

By | 2018-03-14T01:04:40+00:00 March 1st, 2018|Articles, Free Resources, PMP, Project Management, Readable Blog|

Download Link: PMP Exam Preparation Tips, Tricks, Strategy by GlobalSkillup

PMP Exam Preparation module entails one to understand few special considerations one has to follow to increase the chances of being successful to start thinking the PMI® way.

Also, a couple of tips, tricks and generic information which need to be kept in purview when participating in the exam itself. Following the guidance will increase the likelihood of one being success at the PMP® exam.

  • Learn few special considerations about how to participate in the exam
  • Apply some of the tips, tricks and the way the questions need to be understood

What does the exam test?

  • Your knowledge to apply the concepts
  • Your understanding & interpretability of the concepts
  • Your ability to judge professionally & ethically correct and act
  • Your conscience to think in the right manner & direction

Is that it?

  • Guess not! Exam also tests your ability to take stress mentally, and your preparedness physically to sit long hours and complete the exam.

Just before the exam & on exam day!

  • Ensure to relax yourself on the day before exam and not get your mind occupied with last minute knowledge hazards
  • Have sufficient breakfast or meal so that you are not hungry during the exam. Reach venue at least 1 hour in advance to your exam schedule time and ensure your mind is relaxed to kick start on the minute of your exam
  • Plan ahead & time your breaks during the exam. You will definitely need to take breaks according to your comfort. We recommend 2 breaks of 10 minute and 10 minute in your exam schedule after every lot of questions

PMP Exam Taking Strategy:

  • 1st Hour – Any question within 30 seconds answerable goes here. Answer all possible simple questions. Skip lengthy, mathematical, complicated, graphical questions.
  • 2nd Hour – Any question within 100 seconds answerable must go here. Rest any kind of question, push to next round
  • 3rd & 4th Hour – All possible questions and left over questions.

There are plenty more insightful details about the topic, kindly download the same:

Download Link: PMP Exam Preparation Tips, Tricks, Strategy by GlobalSkillup

Operations research for Management Excellence

By | 2018-03-14T01:05:28+00:00 September 19th, 2017|Articles, Free Resources, Management, Readable Blog|

Operations research is an application of scientific & mathematical methods by management to study & analyse real time problems to make better decision making which involves situations, scenarios, systems based on analytical methods in Business, Industry, Sectors, Government Functions and Enterprises.

So, what exactly is operations research?

Let us understand with a simple example, what operations research strategy can be.

Imagine a situation where you are booking airline ticket and you have board it onto the aero plane. Just to realize that your neighbor on the flight very same flight, has booked at least $200 less than the original price what you paid for the same very ticket. How did the system come up with such a different price for two different seeds right next to each other?

The answer to this is Operations Research maximizing the profitability. If your still not convinced with the previous dialogue let’s take another scenario.

Operations Research applied in Airline Ticketing Industry

Operations Research applied in Airline Ticketing Industry

For example, let’s say you are running a retail shop. How do you determine how many sales people should be there on any given day in your outlet? Should I simply look on a weekly basis, should I look daily or should I look on monthly basis? Should I be even looking at the seasons of the year and accordingly choose how many sales people should be working?

The answer to the above all questions will pop up from the Operations Optimization also known as Resource Optimization.

Operations Research applied in Retail Industry

Operations Research applied in Retail Industry

Solve the Operations Research Case Study:

Let us imagine a company like GlobalSkillup.com. A pioneer in management training and certification across countries. Primary nature of the companies is to sell professional courses and certification training to the mid-level and senior management professionals. The management wants to fill up the seats for every batch of the training they offer in every Type of Course, Mode of Training, City, Country and Month. The options are limitless.

To do this, management decides to give the very same problem to the operations research, such that they come up with the more optimal way of utilizing the Limited Budget and drive the Maximum seat filling across all the Training programs.

Imagine suitable hypothetical data tables to solve the problem.

Operations Research applied in Education Sector

Operations Research applied in Education Sector

Project Progress Report for Major Stakeholders (AKA Weekly Status Report)

By | 2018-03-14T01:05:39+00:00 July 27th, 2017|Articles, Free Resources, Project Management, Readable Blog|

Project Progress Report for Major Stakeholders

Project Progress Report for Stakeholders of any project would need a significant amount of dedicated reporting about the Project status. This means the project manager has to ensure that all the vital parameters of the project are again and again reported on an ongoing basis with a predefined frequency.

Some of the most important parameters or reporting elements must include key points which can give the stakeholders confidence the project progress is moving in the right direction. In majority of the projects the significant parameters are identified in consultation with the stakeholders and sometimes these are predefined by the PMO in any organisation. Although the project manager is given a free hand to report any other additional significant parameters other than what has been asked already for.

Sample Project Progress Report

For example let us take the IT project, typically the IT project stakeholders demand milestones, deliverables, risks, productivity, utilisation and feature completion. Let us take a sample look at one of the weekly status report(see the download links at end of this post), which we generally publish to our clients. It has been enclosed along with this post; you are free to download it and use it to your projects relevance. You may need to do the customization of the same as per your convenience.

Stakeholders from different business verticals can demand for a request for variety of parameters. The above mentioned parameters are only a small example of the same. In large organisations or large projects, the chief project manager will have the authority to designate junior project manager to develop key statistics and reports in line to the defined relevant parameters for the stakeholders need.

Project Mangers Dilemma on Report

Providing a very good snapshot of the overall project summary is one of the key responsibilities of the project manager. The snapshot should definitely include some of the vital parameters again there is no definition which are supposed to be called as vital which are not. Although many project managers prefer or rather are comfortable in providing these parameters as key reporting statistics on these heads:

  • Scope completion
  • Time elapsed
  • Cost overrun
  • Quality index
  • Resource utilisation
  • Risk trends and key issues
  • Vendor utilisation
  • Changes approved or rejected.

Download Links

PDF Version of Sample: Project Status Report – Weekly for Stakeholders

Powerpoint Version of Sample: Project Status Report – Weekly for Stakeholders

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