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What is Initial Basic Feasible Solution IBFS

By | 2017-09-27T11:14:38+00:00 September 19th, 2017|Articles, Free Resources, Readable Blog, Resource Optimization|

What is Initial Basic Feasible Solution IBFS?

The solution of Minimization in operations research (also known as optimization) for our advantage in any scenario let it be transportation, resources, cost. This involves Initial solution to the given balanced Transportation Problems or Resource Allocation or Cost Allocation problem. This is known as Initial Basic Feasible Solution (IBFS). It is required to derive an initial feasible solution; the only requirement is that the destination needs be met within the constraints of source supply.

What are the different methods to find Initial Basic Feasible Solution IBFS

1. North-West Corner Rule (NWCR)
2. South-East Corner Rule (SECR)
3. Row Minima Method (RMM)
4. Column Minima Method (CMM)
5. Matrix Minima Method (MMM) or Least cost Method (LCM) or Inspection Method.
6. Vogel’s Approximation Method (VAM) or Vogel’s Method of Penalty

The most commonly used being NWCR. A sample diagram depicts the same here:

 

Operations research for Management Excellence

By | 2017-09-27T11:07:19+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 | 2017-07-27T13:28:03+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

For any further questions on this particular topic, feel free to connect with us via your comment. In case you like the article use it for your day to day work and as well as share it with your colleagues and friends.

Advanced CSM certification program (A-CSM™)

By | 2017-07-27T14:58:49+00:00 July 13th, 2017|Newsletter, Project Management, Readable Blog, Roadmaps, SCRUM|

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News from Scrum Alliance:

ScrumAlliance is launching an advanced level Certified ScrumMaster® (A-CSM™) certification program. This program, designed with current certification input, is the next progression in CSM Roadmap & Career. The A-CSM™ will be available globally, and we’re actively approving educators in preparation for the launch.

Why the A-CSM™ Matters.
It’s not uncommon for people to earn the CSM® certification, only to take their new knowledge back to the workplace and find that Scrum is harder to implement than originally anticipated. The A-CSM™ builds on your foundational knowledge with the specific goal of improving your effective implementation of Scrum in your workplace. As an A-CSM™, you’ll learn:

  • Communication facilitation techniques to use with product owners, team members, customers, and executives, both in and out of Scrum ceremonies.
  • How to confidently respond to resistance to organizational change, lack of engagement, low motivation, and unavailability of key people.
  • How to overcome challenges that prevent long-term, deep adoption of Scrum and Agile practices throughout your business.
  • How to explain the value of Scrum and Agile processes to skeptics, from customers to executives.
  • How to increase developer engagement and achieve greater accountability, commitment, and buy-in across the team.
  • How to extend the impact of Scrum throughout the organization with training, coaching, and mentoring.
  • How to amplify the contributions of team members beyond the confines of a single team.

The A-CSM™ will be available in-person, on-demand, live virtual, or as a blended combination of these formats to create a personalized experience that best fits your learning style. All offerings will only be available through Certified Scrum Trainers and Certified Enterprise Coaches who have already taught Scrum to more than 600,000 people around the globe.

Stay Tuned for More Information – Coming on the way. Meanwhile, those who intend to complete CSM, as always GlobalSkillup has been a great partner towards your success. Check out the offering here.

Disclaimer: The above article is a direct extract from the email publicized by ScrumAlliance to worldwide audience.

Learning Effectively in an Online Class

By | 2017-07-27T14:54:49+00:00 May 24th, 2017|Articles, Free Resources, Online Training, Readable Blog|

Make learning effective in online class requires one to pay attention on several fronts. This whitepaper article elaborates upon the same and boosts learners effectiveness either in the Classroom or in the Online Classes such as LVC(Live Virtual Class) or Skype sessions.

Do you know? After 20 minutes, people forget 40% of what they just learned. In Contrast, students who take and review their notes can recall up to 80% of the content.

Do you know? Up to 75% people think typing down notes on computer is useful during Class. In Contrast, students who take handwritten notes find 90% more useful than computer notes.

1. Start with handwritten notes

  • In a regular class, you’ll be typing down everything your instructor is saying. At the end you will only have a lecture transcript, not a curated list of key concepts that is far more valuable in a learning scenario.
  • To make things worse, your useful computer comes with Internet access. Just a click can lead to unwanted distraction.
  • With online courses, taking notes on your laptop watching a video lecture is not possible almost. In addition, only a few online course platforms have built-in note-taking capabilities. That means you will have to start and stop the video a lot if you want to take notes using a separate application.
  • Take a simple notebook and pen to write down the notes.

2. Don’t write everything down.

  • If you are recording everything the teacher says or writes on the board, your note-taking becomes mindless; and, while you seem to be hearing what your professor says, you are not really listening.
  • Hence, avoid writing everything down.
  • Instead, focus on the “meat” of the lecture. Make sure to focus on the main points.
  • When recording information, note down the main points by using keywords and short sentences. Instead of using the teacher’s language, use your own words. This will make the lesson concepts easier to digest when you review them later.

3. Pick effective note-taking system and stick to it.

The most popular effective note-taking The Cornell System is as depicted here.

 4. Take notes before class and condense after class.

  • Believe it or not, your note-taking would be doubly great if it starts before class.
  • Prior to getting in the class, you prepare all relevant materials, including —
    • class syllabus, specifically the day’s topic
    • last class session’s notes
    • pre-class readings
  • This way, you are 100% prepared for your video class and come with a few prepared questions.
  • Moreover, your note-taking should not end once class is over. You should always review your notes after class, doing so as soon as possible. If you are taking multiple sessions every week, you should also summarize the whole week’s notes every week. When you are processing a lot of content, use highlighters and post-it page markers to upgrade the quality and completeness of your notes. If you are completely alone, you might even want to read the most important stuff, effectively retaining main points to your memory.

Some Quick Do’s & Don’ts

Don’t

  • Don’t write everything.
  • Don’t worry if you miss something.
  • Don’t worry if others can’t make sense of your notes.
  • Don’t wait too long to review your notes.
  • Don’t take notes all the time.

Do’s

  • Write down the most important things.
  • Write question marks where you miss a point.
  • Come up with a shorthand system, if possible.
  • Review your notes regularly.
  • Engage in other activities outside of note-taking (asking questions, practicing, etc.).

Take good notes, remember, and acquire skills!

  • It’s important to remember that it is not about quantity but about the quality and relevance of your notes.
  • Listen to your instructor.
  • Make sure to note down the important nuggets of information that you hear or see in class.
  • This way, you’ll remember what you are trying to learn, ensuring that you retain the knowledge, and at successfully acquiring new skills!

PMI PDU for Credential Maintenance

By | 2017-09-27T10:50:21+00:00 May 24th, 2017|Articles, Free Resources, Readable Blog|

PMI PDU Credential Maintenance is the way to maintain the PMI Credentials after achieving them. GlobalSkillup.com offers special PDU programs, Earn PDUs for all PMI certifications designed to scale you up while you earn them.

What are PDU Professional Development Units for Continuing Certification Requirements(CCR) towards PMI Credentials?

PMI PDU Credential Maintenance

PMI PDU Credential Maintenance Talent Triangle

PMI certified professionals are required to maintain PDU(Professional Development Unit) to continue their PMI PDU Credential Maintenance & renewals. Globalskillup offers multiple methods of learning to avail such PDU’s in line with the PMI Talent Triangle.

How do I understand PMI Talent Triangle?

It emphasizes on 3 aspects of professional development. Such as Technical, Leadership, and Strategic & Business Management expertise. See the diagram for ease of understanding. PDUs can be earned in either of the mentioned categories.

What PMI Certification requires how many PDU’s?

Here is a list of PMI Certifications and their individual CCR. GlobalSkillup educational trainings, activities & programs are 100% in Compliance to the PMI Talent Triangle. All Certificates are valid and issued in line to the CCR guidelines of PMI.

List of Credentials with required PDUs

PMI PDU Credential Maintenance for Which Certification?

Required PDU’s in 3 Year Cycle

PMP 60
PgMP 60
PfMP 60
PMI-PBA 60
PMI-ACP 30
PMI-RMP 30
PMI-SP 30

For calculation of PDU’s from various categories, use the PMI PDU calculator here

How to Report your PDU activities for any of the PMI Credentials?
Step 1 Go to online CCR (Continuing Certification Requirements)
Step 2 Log-in. Use your PMI.org username and password. Select “Report professional development units (PDUs)”.
Step 3 Click “Report Professional Development Units”
Step 4 Select category from the drop down list and complete the further steps.

Should I maintain my PMI PDU Credential Maintenance/Certificate?

When you were preparing to earn your credential, the professional development that you engaged in created a foundation of knowledge and experience that we encourage you to continue. To keep pace with the profession, your body of knowledge needs to increase in depth and breadth.

This is why PMI PDU Credential Maintenance requires that you engage in continuing education and developmental activities. The PMI Continuing Certification Requirements(CCR) program outlines the types of activities that qualify as PDUs. The education and activities that you engage in help you maintain your skills, position you for career advancement and connects you to the global community of project management practitioners.

SAFe Scaled Agile Framework Materials, Downloads, PDF, PPTx

By | 2017-05-15T19:35:33+00:00 May 15th, 2017|Free Resources, Readable Blog, SAFe|

SAFe Scaled Agile Framework is the point of discussion in this article. Many Corporate’s are making progress to increase their speed and flexibility by removing age-old governance models and structures. Agile principles prove particularly effective for software development at a team level for such, however, they do the same at Corporate level.

How do you scale agile principles and practices across the enterprise? Use SAFe.

Scaled Agile Framework® (SAFe®) answers these questions. We have detailed study materials for the same, however, commonly available ones publicly are made available here.

SAFe Downloads

  • SAFe Scaled Agile Framework Introduction: Download Link (by ScaledAgile)
  • SAFe Scaled Agile Framework Foundation: Download Link (by ScaledAgile)
  • SAFe Scaled Agile Framework High Level Overview: Download Link (by ScaledAgile)
  • SAFe 4.0 What’s New? Scaled Agile Framework : Download Link (by ScaledAgile)

SAFe Video Introduction

Quality Control Circle Concepts for Six Sigma

By | 2017-03-09T20:33:52+00:00 March 9th, 2017|Articles, Free Resources, Quality Management, Readable Blog|

Quality Control Circle (QCC) is a working group of few staff to contribute to the resolution of problems in the organizational quality and or improvement of the overall organization. Group’s intent is to increase the staff morale with good quality product development and as well of Organization quality itself. Teams are engaged with QCC such that the staff development as well takes place with untapped potential for improvement.

Quality Circle

Also known as Quality circles, originated in Japan in 1962 by Mr.Kaoru Ishikawa. The Japanese Union of Scientists and Engineers (JUSE) coordinated the movement in Japan for the QCC.

Quality Control Circle

In any given organization, QCC can be established upon team’s voluntary participation or through management guidance. Typically to resolve the problems or improve the organization, QCC takes advantage of 7 Quality Control tools.

Seven Quality Control Tools

  1. Cause-and-effect diagrams (Ishikawa “fishbone” diagram)
  2. Process Flowcharts
  3. 80-20 Pareto charts
  4. Check sheets (Process mapping tool)
  5. Histograms (Bar charts, Pie charts)
  6. Run charts and Control charts
  7. Scatter plots (Correlation Analysis)

Quality Control Circle Organizational Structure

Almost in all sectors like Services, Manufacturing and any other could implement the QCC. Representation for a typical QCC is depicted in the below diagram.

 

Quality Control Circle

Quality Control Circle

Top 5 QCC Advantages

Quality Control Circle (QCC) increase Operational Efficiency, Improved Quality, and Promotes Innovation. The top 5 most advantages as noticed are:

  1. Enhanced Team Spirit: Reduced team member conflicts and enhanced the concept of group work.
  2. Right Attitude: Team members positive attitude towards work increases due to involvement of making it better.
  3. Untapped Potential: Team members discover themselves their new skills and taps the hidden potential.
  4. Fostering Work Environment: Team members feel respected and increased sense of decision making from small to big.
  5. Increased Productivity: Team betterment with automation by improvement of manual work processes, cost saving with ideas.

 

At GlobalSkillup, we pioneer in the Quality management concepts and implementation. For all your corporate training requirements on Quality Control Circle and/or any other Quality topic, connect with us.

Project Life Cycle

By | 2017-03-07T10:26:47+00:00 March 7th, 2017|Articles, Free Resources, Readable Blog|

Project Life Cycle refers to a series of activities which are necessary to fulfill project goals or objectives. Projects vary in size and complexity, but, no matter how large or small, all projects can be mapped to the following life cycle structure:

  • Starting the project
  • Organizing and preparing
  • Carrying out project work
  • Closing the project

Every project has certain phases of development.  A clear understanding of these phases allows managers and executives to maintain control of the project more efficiently.

By definition, a project has a beginning and an end and passes through several phases of development known as life cycle phases. These phases are varied depending upon the industry involved but all follow the same basic steps.

It is important to realize that the project life cycle for each project may differ, in both the number of phases it may have and the detail within each of these phases.

Project Life Cycle

Project Life Cycle

The Project Management Life Cycle has four phases: Initiation, Planning, Execution and Closure. Each project life cycle phase is described below, along with the tasks needed to complete it. You can click the links provided, to view more detailed information on the project management life cycle. Develop a Business Case.

Projects are broken down into phases so that extra control can be applied to effectively manage the processes. These phases are further divided into subsets for easy management, control, and planning.

For a project to be successful, the project team must:

  • Select the appropriate processes to meet project goals and objectives.
  • Use a defined approach focused on meeting the requirements of the project.
  • Clearly define and agree upon stakeholder/customer needs and expectations.

Balance the competing demands of scope, time, cost, quality, resources, and risk to produce the specified product, service, or result. To learn more about Project Life Cycle, participate in our Project Life Cycle Training offered by GlobalSkillup.com. We have in depth detailing about all the phases for your team learning.

Pass ITIL Exam

By | 2016-11-29T23:36:28+00:00 November 29th, 2016|Articles, Expert, Foundation, Free Resources, Intermediate, IT Service Management, ITIL, Master, Practitioner, Readable Blog|

Pass ITIL Exam in 1st attempt is possible for the ITIL® Foundation and other ITIL® exams with our expert 10 key recommendations. To learn more about ITIL Service Management, Click here.

1. Learn enough, dedicate time to the Pass ITIL Exam training

– ITIL® trainings are very simple and understandable, however with dedicated time, is key to success

2. Jot down your own notes

– Learn and write explanation of all terms you come across course. Make notes in your own understanding and words to make it clear to you

3. Don’t loose priority

– Main cause for not passing the exam – lack of time and attention to do the training

4. Practice Mock Exams

– Spot your strong and weak points. Improve your knowledge on weak aspects

5. Relax before Actual Exam

– Chill down a day before. Gather strength rather than to study till the last moment

6. Exam Focused

– Forget your company’s way of implementation during the exam and use knowledge gained during the ITIL Class

7. Be time Conscious

– Keep a vigil on time, do not spend too much time on only one questions. We don’t have only 1 question, we have multiple questions to answer

8. Move on, keep continuing

– uncertain of an answer, continue to the next one. Revisit the skipped question later

9. Odd one out

– Cannot find right answer, look for wrong answer and eliminate options to find right answer

10. Read question, understand context

– Be able to differentiate the context of each question before you make your answer mark


The above mentioned Pass ITIL Exam guidance is applicable across ITIL Service Management Framework Five certification levels:

ITIL Foundation Level
– Entry Level Certification for Individual Beginners to Understand IT Service Management

ITIL Practitioner Level
– Certification for Individuals to adopt and adapt ITIL in their organizations

ITIL Intermediate Level
– Certification for Individuals to take deep dive understanding into specific Modules

ITIL Expert Level
– Certification for Individuals to Showcase Complete Entirety of ITIL Modules

ITIL Master Level
– Certification for Individuals to achieve desired business outcomes in practical assignments

PMBOK Latest Edition in 2017 Q3 – PMBOK 6th Edition

By | 2017-08-22T17:15:24+00:00 August 23rd, 2016|Articles, Free Resources, PMP, Project Management, Readable Blog|

PMBOK New Version is coming up soon on September 6th 2017. All Project Management Professional’s (PMP’s) and the PMP aspirants in almost all industries adopt significant amount of principles, terms and terminologies defined in the PMBOK guide published and circulated by PMI (Project Management Institute).

PMBOK has been considered as a primary source of preparation for all the PMP exam takers and industry veterans to acquire Project Management related knowledge and wisdom. PMBOK also has been a primary source to bring common understanding on the Project Management Lexicon being used by project management professionals across the globe. PMBOK emphasizes on bringing updated PM Process Groups, Relevant Knowledge Areas and also updated Processes with Inputs, Tools and Techniques, and Outputs which serve as a baseline for many who practice Project Management as such.

PMI has been off late publishing the PMBOK guide on a frequent intervals of every 3 to 4 years cycle. PMI updates its global standards (such as PMBOK Guide. The Standard for Program Management. The Standard for Portfolio Management. Organizational Project Management Maturity Model OPM3® ) at least every five years in accordance with ANSI Guidelines.

The PMBOK 4th edition was replaced by PMBOK New Version in Dec 2012 with PMBOK 5th edition. PMI has already announced another PMBOK New Version PMBOK 6th edition coming up in the 2017 Q3. Until the new PMBOK 6th edition is not put in place, the PMP exam takers still need to adopt and learn from the PMBOK 5th Edition as such.

PMI has already started the review of the PMBOK 6th edition draft with volunteers and industry experts. For those experts who are interested in getting involved in shaping the upcoming versions of PMBOK, can directly engage with PMI on this space.

In case you want to review the new upcoming PMBOK 6th edition, you may visit PMI.org and then download the review copy. This would require you to be PMI Member already.

Interconnection between Project, Program & Portfolio Management

By | 2016-06-14T13:14:48+00:00 April 5th, 2016|Articles, Free Resources, Readable Blog|

Project Program Portfolio Management from Organization point of view

Project Program Portfolio in any organization plays a vital role towards overall strategic implementation of the organization’s vision. Right prioritization and action by executive management leads to better overall engagement.

Across the large organizations, you will find often these interconnections of the entire functioning of the management as depicted here in the organizational chart.

Project Program Portfolio

Project Management

Develops and implements plans to achieve a specific scope that is driven by the objectives of its program and, ultimately, organizational strategy. It is largely concerned with achieving specific deliverable’s that support specific organizational objectives.

Project is a temporary endeavor with a beginning and end, undertaken to create a unique product, service or result. Project management is a science and art to apply the knowledge, skills, tools & techniques to activities to meet project requirements.

Program Management

Harmonizes its project and program components, and manages their inter-dependencies in order to realize specified benefits. It focuses on achieving the cost, schedule and performance objectives of the projects within the program or portfolio.

Program is a collection of projects managed /coordinated to achieve strategic objectives of program and gain benefits & control which would not be possible with management of them individually.

Program management refers to the centralized coordinated effort to manage the program to meet the strategic objective.

Portfolio Management

Aligns with organizational strategies by selecting the right programs or projects, prioritizing the work, and providing the needed resources. It balances conflicting demands between programs and projects, allocates resources based on organizational priorities and capacity, and manages so as to achieve the benefits identified.

Portfolio refers to collection of programs and projects grouped to meet a common strategic objective. Portfolio management is the management of portfolios to deliver the strategic objectives in line & prioritized with the Organization’s  objectives.

Best training institute for Six Sigma Certification

By | 2016-08-17T09:55:56+00:00 March 15th, 2016|Articles, Black Belt, Black Belt, Free Resources, Green Belt, Green Belt, Lean Six Sigma, Master Black Belt, Master Black Belt, Quality Management, Readable Blog, Six Sigma, Yellow Belt, Yellow Belt|

Best training institute for Six Sigma certification. This dilemma to find some of the best institutes goes on in the mind of six sigma participants across the world. There are multitude of training companies and solutions offered by various institutions across the world. However, there are few who simply standout of these mushroom of learning options. One such institution, exceptionally known across worldwide is GlobalSkillup.

Best training institute for Six Sigma Certification

Best training institute for Six Sigma Certification – GlobalSkillup.com

Why GlobalSkillup for Six Sigma Certification?

GlobalSkillup offers Six Sigma program both in classroom and online mode based on recognized syllabus like ISO, EFQM, ASQ and IBSSP. We conduct Green Belt and Black Belt training in Lean Six Sigma and provide internationally recognized certification by GlobalSkillup.

Training is provided by leading industry experts and consultants with more than 15 years of experience.  We have helped various organization implement Lean and Six Sigma.  We provide project support over a period of 1 year post training to help you become experts in Lean Six Sigma.  GlobalSkillup is one of the Worlds most reputed Six Sigma Institute and premier learning center for Six sigma professionals.

Best training institute for Six Sigma certification

High quality Six sigma learning offered by GlobalSkillup program covers the most contemporary process improvement practices adopted by leading organizations and proponents of Lean Six Sigma in service industry as well as engineering firms within the DMAIC (Define, Measure, Analyze, Improve, & Control), DFSS (Design for Six Sigma) and IDOV (Identify, Design, Optimize and Verify) frameworks.

Six Sigma is not just an improvement methodology that uses the DMAIC – Define – Measure – Analyze – Improve – Control framework, but it also is a System of management to achieve lasting business leadership and top performance applied to benefit business, customers, associates and shareholders in any sector.  According to Michael George, author of the best seller Lean Six Sigma, “Rapid improvement requires both Lean and Six Sigma as an amalgamated approach”.  This program is equally applicable for Service / BFSI / BPO / IT IS / KPO/ HR/ Manufacturing / Healthcare / Pharma/ Finance or any other sector.

Six Sigma Course Details

By | 2016-08-19T14:00:01+00:00 March 15th, 2016|Articles, Black Belt, Black Belt, Free Resources, Green Belt, Green Belt, Lean Six Sigma, Quality Management, Readable Blog, Six Sigma|

Six Sigma Course Details given here will give you an idea about Six Sigma Training related Six Sigma Course Content, Six Sigma Course Outline, Six Sigma Training Agenda. Please go on to read more.

Six Sigma Course Details in detail..

Six Sigma Course Details

Six Sigma Course Details

It is said that you don’t know how you are performing unless you measure the performance.  It is also said that you don’t measure something unless you value it.  If your process is valuable and adds value to organization, then there is always a need to measure its performance.  Quantitative measurement of the process is the first step towards six sigma.

More about Six Sigma Course Details..

Sigma in Six Sigma term is nothing but standard deviation.  Your process is said to be Six Sigma when center (mean) of your process is apart by six standard deviation from both lower and upper specification limits.  Statistically, if you process is performing as mentioned above, then your process will not produce more than 3.4 defects per million opportunities.  A defect in this case would be anything above or below the upper or lower specification limits given by the customer. Concept of Sigma and Z score is very powerful and helps us predict the performance of the process both in short and long term.  Z is calculated by having mean subtracted from specification limit and then divide it by standard deviation.  This will help predict rejections for corresponding area.

As you would have understood by now that Six Sigma focuses on statistical process control and reduce process defects by reducing variation within the process.  The Six Sigma projects uses DMADV or DMAIC process for bringing improvement.  DMADV is generally used when Six Sigma has to be implemented in new process unless existing process is poorly defined and not meeting customer objective at all whereas DMAIC improvement methodology is followed when project is done on existing process.  It is needless to say that the implementation of done for both these strategies is done by Green Belts and Black Belts under mentorship of Black Belts.

In order to attain certifications on Six Sigma Green Belt, Six Sigma Black Belt, Lean Six Sigma Green Belt and Lean Six Sigma Black Belt you may learn more details on the respective webpages. GlobalSkillup offers certifications across all the six sigma certification areas in almost all industries and domains. All certifications offered by GlobalSkillup on quality are inline to course curriculum of American Society for Quality (ASQ.org) and also certified to International Body of Six Sigma Practitioner (IBSSP.org).

Author: Bhupinder Singh Pannu

Six Sigma Certifications across the World

By | 2016-03-29T19:27:02+00:00 March 15th, 2016|Articles, Black Belt, Black Belt, Free Resources, Green Belt, Green Belt, Lean Six Sigma, Master Black Belt, Master Black Belt, Quality Management, Six Sigma, Yellow Belt, Yellow Belt|

Six Sigma Certifications

Six Sigma Certifications

Six Sigma Certifications across the World includes Black belts, Master Black Belts, Green Belts & Yellow Belts which are integral part of Project Management. Certification levels depends upon the Company’s Implementation Strategy.

Six Sigma Certifications are World Class Testimony for Quality

Individuals with different Belt specified may be performing slightly different roles in their organization with added responsibilities, here is a basic guide to who does what. Six Sigma Certifications Trainings are provided worldwide by Quality Training Providers like GlobalSkillup. Course content for all certifications, though is closely aligned to the principles of American Society for Quality (ASQ).

#1: Six Sigma Champions

  • Every project needs organizational support. Without the organization support, implementation of Six Sigma is not feasible since it is a top down approach.  Six Sigma Champions set the direction for Six Sigma team and group. They ensure Projects success by providing necessary resources, funds, commitment and removing any roadblocks.  They translate the company’s vision to create an organizational deployment plan and identify individual projects.

#2: Six Sigma Master Black Belt (MBB)

  • Master Black Belt coaches Black Belts, Green Belts, Yellow Belts and White Belts. They work more at program level by developing key metrics and the strategic direction.  They also work on selecting and prioritizing projects.

#3: Six Sigma Black Belt

  • They lead problem solving projects with high impact and cross functional projects.

#4: Six Sigma Green Belt

  • They lead projects of lower magnitude and also assists Black Belt with data collection and analysis for Black Belt projects.  Depending upon organization they might or might not be fully dedicated to the Continuous Improvement team.  They work on project during allocated time and return to their primary responsibilities after the project.

#5: Six Sigma Yellow Belt

  • They work as team members for projects and provide assistance during all stages of the project by completing tasks assigned by the project lead. They may be part of operations team and work on project during allocated time period and then return to their primary responsibilities after the project.  They do understand basic Six Sigma concepts from an awareness perspective.

#6: Six Sigma White Belt

  • Some organizations do have white belts also however they are rarely part of the C.I. (continuous improvement) team.  These professionals are generally expert in their functions.  They work on projects, implement improvements and then return back to their primary role or function. These people are aware of basic Six Sigma concepts.

There are few other certifications offered by Six Sigma Deployment Leaders, other than the above mentioned. However all the other Certifications fits primarily into one of the above mentioned roles.

Additionally Organizations have started to embed Lean Concepts and Principles. This is resulting in Lean Six Sigma Certifications worldwide for Quality.

Author: Bhupinder Singh Pannu

Why Lean Six Sigma when Six Sigma Methodology exists?

By | 2016-06-14T13:54:47+00:00 March 15th, 2016|Articles, Free Resources, Lean Six Sigma, Quality Management, Readable Blog, Six Sigma|

Lean Six Sigma Methodology and Six Sigma are two common methods under continuous improvement umbrella that businesses use to help improve quality and efficiency. They truly compliment each other and if applied in union, yields powerful and profitable results for the company.Six Sigma Vs Lean

I am working in continuous improvement space for over 8 years now, first as Black Belt, then as Master Black Belt and now as Global Leader for CSI function.  I have used different methodologies at different times and different situations to yield results and all of them have helped me deliver great value to the business.

Lean Six Sigma Methodology

Lean Six Sigma Methodology

Even after so many years, one topic that has come up again and again and intrigue me is the ongoing debate regarding Lean vs Six Sigma, its merits & which one should be followed while streamlining business processes and eliminating waste out of process.

Even among experts, both these approaches have their propagators and detractors who will debate endlessly and cite various situations in which one approach may produce better results.  While all of them are right, in my experience its the combination that yields higher profitability with consistency and stability.

Lean Six Sigma Methodology

Lean Six Sigma Methodology focuses on cutting out or minimizing non value added (NVA’s) and eliminate wastes out of process so that only steps that directly add value to the product and some critical steps that adds value to business are performed. Lean identifies value added steps from customers perspective.  It identifies it asking a simple question if customer would be willing to pay for it.  If yes, it is a value added steps else it could be NVA or waste. This method does leave a highly streamlined and profitable process in place that will flow smoothly and efficiently however, the problem that arises from it is a lack of quality. By completing value added activities quickly, without appropriate checks and controls nurtures an process prone to errors which then requires rework. This is another waste identified under Lean umbrella and this is there Six Sigma steps in to eliminate black noise/ special causes of variation and bring on business process optimization.  I have seen the best way is to streamline process through Lean methodology and to eliminate process defects sub six sigma projects be taken up for optimization.  It is crucial that while taking up Lean projects, statistical approach is not left completely out of context and used in sync.

The Six Sigma methodology emphasizes reducing the variation thus reducing defects or errors in a process. It focuses on  identifying variation in the types of data inputs to control the output.  To identify inputs to process you would need process experts using methods like Fish-Bone analysis done often by brainstorming exercise to do Root Cause Analysis to determine the source of errors. There are numerous examples of companies benefiting from six sigma implementation and achieving competitive edge in market.

We need to be careful about giving targets to employees about doing projects because with targets often for low hanging fruits also six sigma projects are taken up.  What I have noticed is the use of statistical approach with vast amount of data gathering, validation and statistical analysis when there was a practical solution available and known with or without a simpler analysis. This is a simple waste of resources.  While the results will still be positive for the organization, they could have saved more by scrutinizing projects.  Lean practitioners also would work a project and leave it sub-optimally improved don’t attack variability. This makes role of MBB a crucial one who will help organizations get maximum results through each and every process improvement project.  Thus it makes sense to have both Lean and Six Sigma projects should be mentored by MBB.

Author: Bhupinder Singh Pannu

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PMP Exam Questions Distribution Pattern

By | 2016-03-08T05:38:18+00:00 January 27th, 2016|Articles, Free Resources, PMP|

PMP Exam Questions Distribution Pattern post the change has been discussed below. The new PMP exam change already happened on 11th Jan 2016. The PMBOK edition remains 5th edition as such – no change in that.

The questions framed in exam are based on the PMP Domain Tasks established by PMI. There are several new tasks published in this new PMP exam change in 2016. For more details on that domain tasks, refer more details our blog. In terms of the PMP Exam Questions distribution is as follows.

Area of Questions Percentage Wise Questions
Initiating 13% 26
Planning 24% 48
Executing 31% 62
Monitoring & Controlling 25% 50
Closing 7% 14
Totals 100% 200

PMI’s code of conduct remains distributed across the 5 Process Groups Exam Questions as always. Total of 200 multiple choice questions to be answered in 4 hours’ time. 25 Questions are pre-test, which are non-scoring questions. 175 Questions are scoring questions based on which the evaluation for PMP credential will be considered pass.

PMP Exam Questions based on PMI’s Role Delineation Study(RDS)

The questions defined in the exam are scenario based. These scenario’s are picked up based on the tasks defined by the PMI’s domain tasks established by PMI’s role delineation study(RDS).

PMI often benchmarks the RDS based on the evolving practices of practising project managers by conducting surveys, questionnaires and interviews. This RDS based domain tasks turned into scenarios for exam questions are a perfect mix to test a project manager’s ability to work as a Project manager and also a testimony of their real time work experience.

How will PMP Exam Questions change impact my PMP Exam passing score?

PMI has not indicated any such passing score change. Passing score which is a guess by many remains still ambiguous. No light on the exact passing score has been published by PMI as such. So in order to beat that ambiguous passing score, it is evident that one has to establish a sufficient at least 85% or more in their high quality mock exams before attempting the real PMP exam.

Join PMP Training. PMI Chapter Trainings or GlobalSkillup?

By | 2016-08-16T21:37:56+00:00 January 13th, 2016|Articles, PMP, Project Management|

Join PMP Training. This is a tough dilemma for many would be PMP aspirants. Should I go for this Training or that Training option? At GlobalSkillup, we often hear from our participants to make a few comparisons, though we see every institution and every company has their own strengths and capabilities, we have made a simple study and highlighted few sections interesting for our participants. Please take a look.

Unique Proposition Value of PMI Chapter as noticed in the Industry:

PMI Chapters are extended hands of PMI itself and provides good quality PMP trainings. The trainings itself are provided by volunteer trainers who are industry working professionals apart from their regular day to day job & passion to be a volunteer. The trainings are primarily oriented & driven based on professionals work experience. Trainings are usually conducted on 2 weekends or 4 days of duration.

Unique Proposition Value of GlobalSkillup as noticed in the Industry:

The GlobalSkillup.com are Project Management Subject Matter Experts delivering tremendous value addition PMP trainings. Trainers are Industry veterans & who are full time professionals delivering the value and knowledge for upcoming Project Managers and Industry working professionals. Trainings are oriented based on an Industrial case study and experiences garnered from multiple corporates. Trainings are imparted in a 1 single stretch of 3 full days of duration so that the break in learning does not happen.

Join PMP Training. Key Similarities among them.

  • Trainers are PMP Certified Professionals
  • Valid 35 Contact Hours of Certificate
  • Covers PMBOK 5th Edition Subject Matter
    • 5 Process Groups, 10 Knowledge Areas, 47 Processes
    • Covers Professional & Social Responsibility
    • Covers a separate session for the Exam Strategy & Preparation
  • Certificate will not be issued without full participation in the event

Should you need further more elaboration on certain factors on How we would enable your learning and PMP achievement, please feel free to connect with us.

Project Manager PMO with PMP

By | 2017-05-17T18:15:29+00:00 January 3rd, 2016|Articles, Free Resources, PMP, Project Management|

Project Manager PMO has Significant role to Play. Let us Learn more about same.

Why PMP and What is it for Project Manager in PMO?

PMP is a global certification valued across industries and countries provided by the Project Management Institute PMI. This credential can be taken up anywhere across the world by the qualified professionals. PMP looks great on the Project Managers resume and gets Project management careers especially Project Manager PMO role easily based on the certification as such. This also proves that an individual has required relevant Project management experience.

Is PMO important in Organization?

PMO stands for Project Management Office in Corporates. PMO establishes authority for the planning of Programs and Projects under the organizational portfolio. Allocating required resources for Project managers like Project Cost, Project Machines, Project Staff and of course the alignment of Projects to the organizational priorities. PMO is important in organization to steer multiple priorities with focussed and guided approach to achieve business vision.

Pmbok Guide for Project Manager

Project Management Institute(PMI) has established a project managers guide to understand the project management framework. This guide is constantly updated with new trends of project managers practice and philosophy. PMBOK itself is industry agnostic and provides generic understanding for upcoming project managers. In fact people thinking and planning to take up PMP certification and training study rigorously through this PMBOK PDF guide. The latest guide release was PMBOK 5th edition in 2013. New PMBOK 6th edition is due in 2017 Q1 end.

Project Management PDF book by PMI as PMBOK

PMBOK by PMI is alternately referred by many as Project Management PDF book and is considered a Project Managers bible to decode the Project management framework and functioning of Project Managers role in a PMO.

Project Planning brings Effectiveness

Often we hear projects fail dramatically. From the PMI’s pulse of the profession magazine released in 2015, it was again evident that improper gathering of the requirements and change in requirements, not planned effectively by Project Manager stood out in proportion to the failures of the Project. To bring effectiveness of the Projects success, planning plays a crucial element. Project Manager especially needs to learn the art of managing multiple pieces across the board of the project from gathering requirements to managing the changes and to effective communications in the project. All this requires detailed Project Planning.

Project Management for Project’s Success

Project is typically considered a success only upon achieving primary parameters defined in the Project Management such as Scope, Time, Cost and Quality. Though there are several other parameters too. Focused result oriented Project Management ensures Project’s success and needs to be adhered to.

Resource Management for Better Project Management

One of the foremost element of Project management is better and effective productivity of Project resources. Managing people to get the best outcomes is a crucial task for project managers. Especially people who are key resources on the project and their performance on the project matters a lot. Keeping a close vigil across resource usage compared to the planned use of resources is very important for the delivery of the Project success on Time, Scope, Cost and Quality.

MS Project or Microsoft Project: Tools for Project Manager

To effectively plan the Project, Project Manager needs tools which could aid and help achieve the results on the Project. Most prominent project management tool across the world is considered as MS Project (also known as Microsoft Project). This is a very easy to use tool with lot of sophistication for driving the projects.  Many wizards are inbuilt in the tool which can aid the new Project Managers to get started with it easily, not just only a tool for experienced Project Managers. Primavera is considered to be the next best tool with sophistication for Project management. For project managers who need much more simpler tool prefer usually Microsoft Excel sheets.

Project Manager PMO or PMP Project Manager

World wide demand for Project Manager PMO has been ever increasing year after year. Corporates have started especially, to hire PMP Project managers compared to regular Project managers. This behavioral change in the hiring patterns across the world has tremendously boosted PMP certification for Project Managers making them Project Manager PMO. In fact, in multiple surveys conducted by various bodies, it is evident time and again that certified professional PMP Project Managers earn at least 20% or higher in the market.

Join GlobalSkillup.com for your better understanding about the Project Management Careers in and outside PMO.

PMP certification training and exam prep in Project Management

By | 2016-08-16T22:07:31+00:00 January 3rd, 2016|Articles, Free Resources, PMP, Project Management, Roadmaps|

Best PMP Certification Training and PMI PMP Exam prep in Project Management by GlobalSkillup is very popular amongst the management certifications looked upon by Industry practitioners and Professionals. Let us give you an insight about the same.

What is PMP?

PMI PMP (Project Management Professional) is a Globally recognized Management Credential well demanded by many Industries for recruitment of Project Managers. The PMP credential readily showcases to employer community, the clients and peers that an individual has great amount of project management knowledge, experience and skills to bring projects to successful completion.

Over every year passed, the PMP credential has been even more demanded with better salary, reputation and also recognition for credential holders.

PMP Certification Training for PMP Exam

PMP Training by GlobalSkillup gives you the edge and equips you to pass the PMP certification in first attempt. Our track record has been impeccable and our participants are overwhelmed with the support & guidance we provide them on PMP journey. This spans from the application stage, to giving you complete subject understanding, detailed case study to visualize, online practice mock exams for preparation in detail. Add on top of that, individual feedback to participant based on the overall mock exam performance for betterment.

PMP exam prep

Preparing for the PMP exam is not so easy. It takes one’s sufficient time, effort, commitment and ofcourse money to achieve PMP. Exam prep is though easy and rewarding for people who get right guidance and coaching. Participants often recognize the detailed PMP exam prep plan we make for them and ask them to follow the prep strategy.

Importance of Best PMP Certification Training in Project Management

Demand for skilled project managers is ever increasing as the businesses look for practitioners who hold the PMP credential. These individuals are well positioned to provide the professional skills to lead project teams and achieve successful results. The PMP credential recognizes competence of an individual to perform and lead projects effectively.

Critical Chain Method in Project Management

By | 2016-08-17T14:37:37+00:00 November 1st, 2015|Articles, Free Resources, Project Management, Readable Blog|

Critical Chain Method in Project Management is an important aspect to manage Project schedules based on Resource constraints and optimization.

3 steps to understand Critical Chain Method in Project Management

Step 1. Many a times, in order to suppress the ambiguity on projects and overcome the uncertainty, Project reserves are used. This is simply sometimes an extra timeline after the anticipated Ideal Project Completion.

Critical Path of Project with Project reserve makes the project more realistic towards end result.

Start-A-B-C-End is the Critical Path.
Start-G-H-B-C-End is alternate path.
Start-X-Y-B-C-End is alternate path.

Step 2. Critical Path of Project with Project Buffer makes the project more realistic towards end result.
In addition, all alternate paths collision to critical path activities need to be added reserve to stop derailment of critical path activities. This will protect the Project timeline by not cascading on each individual critical path activity.

Each feeding reserve size must account for uncertainty/ambiguity in the duration of the chain of dependent activities leading up to that Feeding Reserve.
Step 3. Application of resources over multiple activities on the project alters the critical path of the project. This optimized resource constrained critical path is known as Critical Chain.

Look at task H & Y to be performed by the same resource Person 1 after task A. This would mean that automatically the project critical path which was earlier:
Start-A-B-C-End this has now altered to become Start-A-H-Y-B-C-End

As new Critical Chain path emerges, this is the most practical critical path for Clients & Customers.

Project Management Risk Types – Inherent Risks, Residual Risks, Secondary Risks

By | 2016-08-23T10:01:08+00:00 October 28th, 2015|Articles, Free Resources, PMP, Project Management, Readable Blog|

Project Management Risk Types are Inherent Risks, Residual Risks, Secondary Risks. These are listed here with examples for the detailed understanding.

In Project Management, we often encounter Risks, basically uncertain events. These Risks may positively benefit or negatively impact as well. To have better control on these Risks, we implement Risk Response strategies.

Project Management Risk Types for Known Risks can be classified in this direction as well. For any given Project it would be possible to identify/anticipate to an extent the Positive and Negative Risks. For Positive Risks, which help us to benefit, we establish and implement strategies such as Exploit, Enhance, Share, Accept. For Negative Risks, which may have downside, we establish and implement strategies such as Avoid, Transfer, Mitigate, Accept.

Project Management Risk Types defined by GlobalSkillup

Risks that are not acted upon with any risk response are known as Inherent Risks.

Risks that remain even after risk response have been implemented are known as Residual Risks.

New Risks that crop up due to implementation of Risk response to another Risk is known as Secondary Risk.

Let us understand the mentioned risks with an Example: In a Project, Key Resources Attrition could be a Risk.

Scenario 1: We know there is a resource attrition risk, however, we do not make any response plan for it. Such risk is known as Inherent Risk.

Scenario 2: To better control the key resource attrition, we could have outsourced the replacement to a staffing agency, such that replacement of key resource happens with in next 5 work days. In this case, the Risk itself is transferred to staffing agency. However, the Risk of resource attrition itself remains even after this strategy. This is Residual Risk.

Scenario 3: In case, the staffing agency replaces the key resource with in 5 work days, all fine. However, the staffing agency could not recruit and place a new resource in 5 days, the Project is impacted by the delay. This is now the Secondary Risk.

For learning more on the Risk Management, you may intend to check out the Risk Management section of Project Management Training offered by GlobalSkillup.com

PMBOK New Version in 2017 Q3 – PMBOK 6th Edition

By | 2017-08-22T16:44:24+00:00 October 26th, 2015|Articles, Free Resources, PMP, Project Management, Readable Blog|

PMBOK New Version is coming up soon on September 6th 2017. All Project Management Professional’s (PMP’s) and the PMP aspirants in almost all industries adopt significant amount of principles, terms and terminologies defined in the PMBOK guide published and circulated by PMI (Project Management Institute).

PMBOK has been considered as a primary source of preparation for all the PMP exam takers and industry veterans to acquire Project Management related knowledge and wisdom. PMBOK also has been a primary source to bring common understanding on the Project Management Lexicon being used by project management professionals across the globe. PMBOK emphasizes on bringing updated PM Process Groups, Relevant Knowledge Areas and also updated Processes with Inputs, Tools and Techniques, and Outputs which serve as a baseline for many who practice Project Management as such.

PMI has been off late publishing the PMBOK guide on a frequent intervals of every 3 to 4 years cycle. PMI updates its global standards (such as PMBOK Guide. The Standard for Program Management. The Standard for Portfolio Management. Organizational Project Management Maturity Model OPM3® ) at least every five years in accordance with ANSI Guidelines.

The PMBOK 4th edition was replaced by PMBOK New Version in Dec 2012 with PMBOK 5th edition. PMI has already announced another PMBOK New Version PMBOK 6th edition coming up in the 2017 Q3. Until the new PMBOK 6th edition is not put in place, the PMP exam takers still need to adopt and learn from the PMBOK 5th Edition as such.

PMI has already started the review of the PMBOK 6th edition draft with volunteers and industry experts. For those experts who are interested in getting involved in shaping the upcoming versions of PMBOK, can directly engage with PMI on this space.

In case you want to review the new upcoming PMBOK 6th edition, you may visit PMI.org and then download the review copy. This would require you to be PMI Member already.

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PMI REP Registered Education Provider for PMI PMP

By | 2016-08-23T11:54:41+00:00 August 3rd, 2015|AGILE, Articles, Free Resources, PMP, Project Management, Readable Blog|

PMI REP Registered Education Provider is believed to be the only source of PMP Training by many upcoming PMP professionals. However, this is not true. PMI clearly mentions in its PMP Handbook (Link here) Page 9 Section, PMP Application & Payment, the following elaboration of who could perform the trainings. Refer to enclosed screenshot attached.

GlobalSkillup is in the Category D, Training companies or consultants.

As such, GlobalSkillup qualifies to demonstrate the Project Management subject matter as per PMI guidelines. 1000’s of participants are testimony to the same for achieving the PMP and other credentials with our training certificates.

GlobalSkillup issues the PMP 35 Contact Hours Certificate / PMP PDU’s (Professional Development Units) as per the PMI Guidelines which are fully qualified, verifiable & accepted by PMI.

PMP Training courses offered by PMI REPs and from NON-REPs are found to be of Great Quality. It all depends on the trainer who makes the difference. Courses from PMI REPs are likely to be somewhat more institutionalized; as becoming a PMI REP is an expensive process. For this reason, there are plenty of high quality training offering institutions, though they are not PMI REPs still provide a very good high quality education like GlobalSkillup.

PMI REP Registered Education Provider program is a training provider certification program by Project Management Institute (PMI) for training providers to issue Contact Hours & Professional Development Units (PDUs) for Project Management relevant training certification courses.

PMI REP program was created to enrich the ongoing professional development of PMIs members, PMI credential certificate professionals such as CAPM, PMP, PMI-ACP, PgMP, PfMP and so on. Upon completion of a course by PMI REP provider, the participant certificate assures that the course has adhered to the prescribed Project Management Institute (PMI) defined quality standards and that the hours spent in that course can officially be attributed towards credential requirement quota of Professional Development Units.

PDU’s offered by institute like GlobalSkillup(NON REP) are equally valid and does not make any difference as such for participant.

New PMP Exam Change

By | 2016-08-23T12:43:58+00:00 May 6th, 2015|Articles, Free Resources, PMP, Project Management, Readable Blog|

New PMP Exam change will embrace new change in content outline on 11 Jan 2016. The PMP examination is a vital part of the activities leading to receive a professional credential, PMP examination indicates the practices of the project management practitioner.


What would be the upcoming new PMP Exam change?

Exam Format of four hours and multiple choice itself remains same, including the scoring pattern and including the PMBOK 5th edition knowledge curriculum.

As always, PMP Exam is based on Course Content Outline published by PMI(Project Management Institute) which emphasizes on Tasks in Performance domains.

Exam is based on scenario based questions created from various tasks performed by Project Manager.  These domain tasks were defined way back, few years ago. Questions are all primarily based on these scenarios coming out of these domain tasks of Project Management Profession.

PMI has upgraded the domain tasks to add a few more based on today’s project managers new role in Project Management based on existing new technology used.

This means, more new domain tasks in addition to old domain tasks. That also boils down to more variety of new Questions for Exam takers from 2016 Jan onwards. The upcoming new exam from 11 Jan 2016 would also include several new task based scenarios. These new tasks are highlighted in various Performance Domains as follows. These addition of new tasks itself is the change which is coming in.

PERFORMANCE DOMAIN I: INITIATING THE PROJECT

  • Task 1 Perform project assessment based upon available information, lessons learned from previous projects, and meetings with relevant stakeholders, in order to support the evaluation of the feasibility of new products or services within the given assumptions and/or constraints.
  • (new PMP exam change) Task 2 Identify key deliverables based on the business requirements, in order to manage customer expectations and direct the achievement of project goals.
  • Task 3 Perform stakeholder analysis using appropriate tools and techniques, in order to align expectations and gain support for the project.
  • Task 4 Identify high level risks, assumptions, and constraints based on the current environment, organizational factors, historical data and expert judgment, in order to propose an implementation strategy.
  • Task 5 Participate in the development of the project charter by compiling and analyzing gathered information, in order to ensure project stakeholders are in agreement on its elements.
  • Task 6 Obtain project charter approval from the sponsor, in order to formalize the authority assigned to the project manager and gain commitment and acceptance for the project.
  • (new PMP exam change ) Task 7 Conduct benefit analysis with stakeholders (including sponsor, customer, subject matter experts), in order to validate project alignment with organizational strategy and expected business value.
  • (new PMP exam change ) Task 8 Inform stakeholders of the approved project charter, in order to ensure common understanding of the key deliverables, milestones, and their roles and responsibilities.

PERFORMANCE DOMAIN II: PLANNING THE PROJECT

  • Task 1 Review and assess detailed project requirements, constraints, and assumptions with stakeholders based on the project charter, lessons learned, and by using requirement gathering techniques, in order to establish detailed project deliverables.
  • Task 2 Develop a scope management plan, based on the approved project scope and using scope management techniques, in order to define, maintain, and manage the scope of the project.
  • Task 3 Develop the cost management plan based on the project scope, schedule, resources, approved project charter and other information, using estimating techniques, in order to manage project costs.
  • Task 4 Develop the project schedule based on the approved project deliverables and milestones, scope, and resource management plans, in order to manage timely completion of the project.
  • Task 5 Develop the human resource management plan by defining the roles and responsibilities of the project team members, in order to create a project organizational structure and provide guidance regarding how resources will be assigned and managed.
  • Task 6 Develop the communications management plan based on the project organization structure and stakeholder requirements, in order to define and manage the flow of project information.
  • Task 7 Develop the procurement management plan based on the project scope, budget, and schedule, in order to ensure that the required project resources will be available.
  • Task 8 Develop the quality management plan and define the quality standards for the project and its products, based on the project scope, risks, and requirements, in order to prevent the occurrence of defects and control the cost of quality.
  • Task 9 Develop the change management plan by defining how changes will be addressed and controlled, in order to track and manage change.
  • Task 10 Develop the risk management plan by identifying, analyzing, and prioritizing project risks, and defining risk response strategies, in order to manage uncertainty and opportunity throughout the project life cycle.
  • Task 11 Present the project management plan to the relevant stakeholders according to applicable policies and procedures, in order to obtain approval to proceed with project execution.
  • Task 12 Conduct kick-off meeting, communicating the start of the project, key milestones, and other relevant information, in order to inform and engage stakeholders and gain commitment.
  • (new PMP exam change ) Task 13 Develop the stakeholder management plan by analyzing needs, interests, and potential impact, in order to effectively manage stakeholders’ expectations and engage them in project decisions.

PERFORMANCE DOMAIN III: EXECUTING THE PROJECT

  • Task 1 Acquire and manage project resources by following the human resource and procurement management plans, in order to meet project requirements.
  • Task 2 Manage task execution based on the project management plan by leading and developing the project team, in order to achieve project deliverables.
  • Task 3 Implement the quality management plan using the appropriate tools and techniques, in order to ensure that work is performed in accordance with required quality standards.
  • Task 4 Implement approved changes and corrective actions by following the change management plan, in order to meet project requirements.
  • Task 5 Implement approved actions by following the risk management plan, in order to minimize the impact of the risks and take advantage of opportunities on the project.
  • (new PMP exam change ) Task 6 Manage the flow of information by following the communications plan, in order to keep stakeholders engaged and informed.
  • (new PMP exam change ) Task 7 Maintain stakeholder relationships by following the stakeholder management plan, in order to receive continued support and manage expectations.

PERFORMANCE DOMAIN IV: MONITORING AND CONTROLLING THE PROJECT

  • Task 1 Measure project performance using appropriate tools and techniques, in order to identify and quantify any variances and corrective actions.
  • Task 2 Manage changes to the project by following the change management plan, in order to ensure that project goals remain aligned with business needs.
  • Task 3 Verify that project deliverables conform to the quality standards established in the quality management plan by using appropriate tools and techniques, in order to meet project requirements and business needs.
  • Task 4 Monitor and assess risk by determining whether exposure has changed and evaluating the effectiveness of response strategies, in order to manage the impact of risks and opportunities on the project.
  • Task 5 Review the issue log, and update if necessary, and determine corrective actions by using appropriate tools and techniques, in order to minimize the impact on the project.
  • (new PMP exam change ) Task 6 Capture, analyze, and manage lessons learned using lessons learned management techniques, in order to enable continuous improvement.
  • (new PMP exam change ) Task 7 Monitor procurement activities according to the procurement plan, in order to verify compliance with project objectives.

PERFORMANCE DOMAIN V: CLOSING THE PROJECT

  • Task 1 Obtain final acceptance of the project deliverables from relevant stakeholders, in order to confirm that project scope and deliverables were achieved.
  • Task 2 Transfer the ownership of deliverables to the assigned stakeholders in accordance with the project plan, in order to facilitate project closure.
  • Task 3 Obtain financial, legal, and administrative closure using generally accepted practices and policies, in order to communicate formal project closure and ensure transfer of liability.
  • Task 4 Prepare and share the final project report according to the communications management plan, in order to document and convey project performance and assist in project evaluation.
  • Task 5 Collate lessons learned that were documented throughout the project and conduct a comprehensive project review, in order to update the organization’s knowledge base.
  • Task 6 Archive project documents and materials using generally accepted practices, in order to comply with statutory requirements and for potential use in future projects and audits.
  • Task 7 Obtain feedback from relevant stakeholders, using appropriate tools and techniques and based on the stakeholder management plan, in order to evaluate their satisfaction.

Conclusion:

It is advised considering the new PMP exam change on 11 Jan 2016, to move ahead with thorough preparedness for the examination with various possible questions scenarios which could be formulated on the domain tasks.

Information References:

  1. http://www.pmi.org/certification/exam-changes/pmp.aspx
  2. http://www.pmi.org/~/media/PDF/Certifications/pmp-certification-exam-outline.ashx
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Lead your Career like a Tom Cruise! Take swift direction.

By | 2017-05-17T17:51:00+00:00 June 26th, 2014|Articles, Free Resources, Readable Blog, Roadmaps|

Which project management certification should I go for? There are many certifications available in market for Project management career like PMP, CAPM, PRINCE2, CSM, PMI-ACP and so on.

PMP, CAPM & PRINCE2 primarily focus on Waterfall methodology.

PMP (Project Management Professional provided by PMI) has a great reputation and also readily tells you that you got the required experience, education and also the right exposure to end to end fo Project management. This is considered to be a global certification since almost every industry employees PMP Professionals. Very popular and widely known across HR managers too. Almost for every 100 jobs posted across the world 80-85% will be primarily looking for such certification.

CAPM (Certified Associate in Project Management provided by PMI) has also good standing in the market for entry level project rookies. This primarily focuses to ensure only on the knowledge part and does not account on the industry exposure. For entry level, for every 100 jobs posted it is observed to see around 20-30% jobs.

PRINCE2 (provided by OGC, UK) also is a good certification for someone specifically going into Information-communication-technology related projects in UK region. This is more of a limited certification and also easy to attain. Since it is also easy to attain, there are professionals who really fear that they lack PM knowledge and hardship involved in PMP, they prefer this certification. Not so popular across HR managers, unless the business/client demands no-one requests for PRINCE2 certification. For 100 jobs posted there may be 5-10% jobs looking for such certification.

CSM & PMI-ACP focuses primarily on Iterative Methodology(Scrum/Agile).

CSM(Certified Scrum Master provided by ScrumAlliance) as is evident is primarily for individuals considering Scrum/Agile work in their career paths or office. It is primarily for professionals who want to lead Scrum related projects/implement Agile. Though this can be applied across many industries, primarily, it has been observed only IT/Software has been contended for Scrum projects. Accordingly, for 100 jobs posted there may be 40-70% jobs across the world.

PMI-ACP(Agile Certified Practitioner by PMI) is upcoming certification which focusses on certifying individuals who are already leading Scrum/Agile related projects. Again like CSM, this certification also is looked up primarily by IT/Software due to the nature of iterative product development. For 100 jobs posted there may be 20-40% jobs across the world.

Ps: All numbers above are only indicative based on the job portals and is not an exhaustive research oriented figures.

If you have any concern, feel free to think your numbers win.

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27 Keys For Project Management Success – PMI PMP

By | 2017-05-17T17:49:19+00:00 January 13th, 2014|Articles, Free Resources, Readable Blog|

golf_picture_8_168174As part of our PMI PMP(Project Management Institute Project Management Professional) success series guide, from Armadillo Consultants, we want to reveal the hidden secret’s of how to pass PMP exam, the most result yielding way. Much before we step there, one got to understand the Project Manager as a Project Management Professional.

PMP(Project Management Professional) Aspirants who seek successful PMP should start preparing well in advance and start building a well rounded professional profile. Starting early would give sufficient time to research and evaluate different “in detailed project management topics” to explore and prepare for taking up the PMP exam. It is very significant for PMP aspirants to spend considerable time evaluating many topics at hand and pick the right topics to build an overall professional profile, where they will be ultimately be happy and successful.

There are probably two ways many aspirant PMP’s or Project Management Professionals look at it while addressing the actual PMP exam.

One. You are a very practical project manager and answer the PMP questions. A project manager is not just simple task allocating and monitoring professional just sitting there, he/she is more of an integrator for all the aspects of the project management. In fact as Project Manager, one touches all the key knowledge areas such as Integration Management, Scope Management, Time Management, Cost Management, Quality Management, Risk Management, HR Management, Procurement Management, Communications Management, Stakeholder Management while ensuring all the process groups like Initiating, Planning, Monitoring & Controlling, Executing and Closure are taken in to account.

Two. You act and behave as an Ideal project manager and answer the PMP questions like the PMI(Project Management Institute) expects. In many situations, when you tend to act as an Ideal project manager, your practical ways of doing project management in reality are challenged. Infact as experienced, it is intended that the budding Project Management Professionals to think as Ideal project manager. Also, it is expected to be Ideal project manager & importantly a person with professional code of ethics plus social responsibility.

In line to the professional code of ethics plus social responsibility, a project manager has to be mindful of at least these 27 keys.

For Initiating Process Group, a Project Manager should:
1. Validate that the project is formally authorized before beginning any project work
2. Exercise the right to refuse, to start the project until it is formally authorized by signed project charter
3. Validate that Contract is being signed before beginning the work, if being performed for an external customer
4. Validate that project is contributing to strategic goals of the organization
5. Identify and determine all affected stakeholders by the project, could be both internal and external


For Planning Process Group, a Project Manager should:
6. Ensure the most possible accurate estimates are developed with the information at hand in planning phase
7. Develop Communication plan to inform appropriate stakeholders with timely & accurate information along with periodic status reports
8. Ensure detailed subsidiary project management plans are developed & evolved in all areas with necessary information & attributes is included
9. Have a human resource management plan with strategy to motivate project team and maximize the resource efficiency
10. Clearly demonstrate your planning by having a clearly laid out approach for upcoming changes, how they will be handled & addressed to be adapted or closed
11. Obtain necessary management approvals on all the project management plans & make it accessible for the stakeholders


For Executing Process Group, a Project Manager should:
12. Communicate Project Status with Transparency, Accuracy & Timeliness to Stakeholders as desired by them
13. Adhere to the Organizational & Legal procurement practices, with project manager making every effort to sort out any ambiguities
14. Award the Contract to the legitimate bidder based on the defined evaluation criteria including the performance assessment
15. Include appropriate clauses, terms and conditions in the contract to protect both seller and buyer with known and unknown risks
16. Drive project leadership with project staff by:
16A. Encouraging cultural exchange, cultivate harmony
16B. Acting free of any bias/prejudice, be fair to everyone
16C. Foster positive environment to encourage team come up to you and talk of any misappropriate happenings
16D. Provide necessary knowledge, skills and tools for team to work efficiently & effectively
16E. Recognize and reward the team for their good work
16F. Provide corrective & constructive feedback in case of non-delivery
16G. Act and/or Escalate disciplinary issues immediately to right authority


For Monitoring & Controlling Process Group, a Project Manager should:
17. Communicate stakeholders the changes in pipeline for approval upfront before CCB(Change Control Board) and follow-up with them for further actions as appropriate
18. Inform Stakeholders about the approved changes, implemented corrective & preventive actions, defect repairs
19. Deviations or variances from the actual baselines and the transparent reasons
20. Project deliverables are always verified and/or validated for the Quality
21. Proactively engage with stakeholders or brainstorm to identify the potential risks
22. Validate the base assumptions and continuously check for the constraints applicable across all phases of project


For Closing Process Group, a Project Manager should:
23. Project is formally closed after check on the deliverables, release payments, release resources
24. Stakeholders are made to understand further business opportunities and/or risks which may arise due to project completion
25. Honest and transparent feedback on the Seller upon Contract Closure and/or Termination
26. Captured lessons learnt are shared to the stakeholders and stored as Organizational Process Assets
27. Evaluation of the Project Performance at the closing and formal acknowledgement by stakeholders


In addition to the above, a bonus key which I often emphasize to our PMP Workshop and Training Batches in Bangalore. It is imperative for PMP aspirants to have a clear thought process of which inputs to use, by applying what tools & techniques, and to generate what outputs in any particular process as part of the PMI Process Group and in which PMI Knowledge Area.

Many PMP aspirants often think they would be able to memorize all such process items and recall them during the day of exam, rather I recommend my participants a thorough understanding which enable’s one to apply the knowledge to get the answers in the PMP exam.

As a PMP aspirant or not, it is quite interesting for Project Management Professionals to keep the listed 27 keys to open up their doors on the Project Management Success. I understand there may be many more such keys, however, I would love to hear your opinion on any such key which helped you move the mountains during the PMP exam.

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PMP Training Events

By | 2016-08-23T13:57:53+00:00 January 3rd, 2014|Articles, Free Resources, PMP, Project Management, Readable Blog|

PMP Training Events for PMI PMP Certification hosted by GlobalSkillup stands out as exemplary practical and exam oriented preparation classes.

Join our PMP certification training programs hosted regularly across cities and online LVC sessions! We want you to get PMP trained and be certified, pass in first attempt, real quick in this year to gain the career advantage.

Upcoming PMP Training Events:

BangaloreHyderabadChennaiMumbaiPuneDelhiOnline Virtual Class (7.30 - 10.30 PM IST)
November 25-26 December 2-3November 25-26-Dec2-3
November 25-26-Dec2-3

November 25-26-Dec2-3
December 9-10-16-17
December 2-3-9-10
December 2-3-9-10
December 9-10-16-17
December 2-3-9-10
December 9-10-16-17
December 4-5-6-7-11-12-13-14

All PMP certification training programs are conducted by highly experienced real time professionals with 15+Years of overall experience and not just expert trainers with PMP credentials. We give you that special advantage of learning how to apply project management concepts to practical real life project situations. This in addition to ensuring your PMP certification is a definite guarantee.

Our PMP training batches fill real fast and quick, so ensure to book your seat immediately. Book your training and also view more details about the program here. As a token of appreciation for getting started, we give you “SURPRISE” coupon. Apply Coupon “SURPRISE” for immediate enrollment.

Again, we understand you may need help for getting any of your unanswered questions, do not hesitate to call us +919901854125.

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PMP Certification Value

By | 2016-08-30T16:41:18+00:00 December 6th, 2013|Articles, Free Resources, PMP, Project Management, Readable Blog|

PMP Certification Value for any would be PMP is the most sought after question. Is the Project Management Institute’s (PMI) Project Management Professional (PMP) only a job hunting-down certification or a career booster or much more?

I am a project manager and am doing a great job of delivery of Projects for my organization. Why would I need a PMP certification?

A very valid question, indeed. This is the stigma which goes around in the mind of the working project managers and the project management professionals at multiple levels.

Often the customers, who speak to me asking serious advice on their project management careers, come with a preset mind and the intention to make me say “Yes”. Yes to qualify them for the PMP training programs.

In fact, many project managers do their own extensive research on PMP certification, they just want me to confirm their research answer is correct.

Am not surprised, to see the value of PMP certification weighs on many project managers and project management professional’s mind over time as they progress upon the corporate ladders to success.

One of my blog reader called me up to ask, is it true that the PMP will get me employed again? After reading my earlier blog Certifications that will land a great job & career opportunity!

What is the real PMP Certification Value?

PMP brings coherence between professionals to talk the same lingo, terminology and framework as defined in the Project Management Body of Knowledge (PMBoK) guide. The latest version is PMBoK 5th Edition.

PMP brings uniformity to adopt 47 processes, 10 knowledge and 5 process groups along with ITTO’s (inputs, tools & techniques, outputs) for any given project.

PMP gives a holistic idea to the professionals on the vastness of the Project management subject matter. PMP provides a networking platform for peers and community to connect to each other at same level. PMP certified professionals mean that the credential holders have:

First. Acquired the base minimum project management subject knowledge.

Second. Exhibited documented project management experience of running the real time experience projects.

Third. Demonstrated or at least are aware of the professional ethics and code of conduct being PMP.

PMP certified credential holders are ready to be employed as project management professionals.

That being said, employers cannot merely rely only on PMP credential. The credential only evaluates knowledge, application of concepts and checks if one has gained professional experience.

This cannot substitute the fact of how one was really a successful project manager on the job in reality. For a similar story on the PMP Certification Value was published by Andrew Makar on TechRepublic, Project managers’ views on the value of a PMP certification.

Project Management Recruitment – Insider Story!

Many years when I had recruited the Project managers, I adopted the mechanism to ask the resume sourcer to keep the pile of PMP professional resumes separately from the Non-PMP’s when hiring for project management roles.

Non-PMP’s often would lose the edge to ask for a big packet salary. In fact, already PMP certified salaries were higher and then they would again further ask for much bigger packs compared to the Non-PMP’s. Being in the project management profession, I would expect the mere diligence to get the Non-PMP’s to equip with the PMP training if not certified.

There were many a times, I encountered Non-PMP’s to be less expensive to hire with much superior skills than the PMP’s. The number of years’ experience delivering the projects along with the project type, size and industry those projects were handled; was one significant parameter I often considered to give weight.

In final, my recommendation:

  • Non-PMP’s had to be qualified in the 1st round of screening.
  • Non-PMP’s with PMP training, qualified to 2nd round for evaluation.
  • PMP’s directly qualified to 3rd round to be interviewed.

For decision making, add weight-age to the nature of projects handled and how successfully those were delivered. Measure the project managers actual success, not the project managers PMP success. Kindly observe, success is delivered by people with right intent and attitude in project management – although it is very hard to measure this parameter with just a resume.

Overall, PMP Certification helps one get better by boosting their confidence, level of knowledge & application of concepts on the job, increased employ-ability, higher salaries, promotions, enhanced professional network, social status and reputation in the peer community. True PMP Certification Value Defined Finally.

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Certifications that will land a great job & career opportunity!

By | 2017-05-17T17:48:27+00:00 December 2nd, 2013|Articles, Free Resources, Readable Blog, Roadmaps|

Professional Certifications that will help land on a great job & career opportunity in project management!

For any profession, there are multiple bodies and certifications available in the world. We have already done the homework on behalf of you to identify that perfect body or institution with the recognized certification for you to be on par in the project management stream.

Here are the widely & globally recognized valuable benchmark certification programs, Armadillo Consultants helps you prepare in the line of achievement of the same. However, before we look into them, let us ask.

Why Certifications?

There are multiple dimensions one could look at. The most prominent three logic’s being:

  1. Transforming aspiring newbies, rookies, practitioners into true professionals & leaders of tomorrow.
  2. Certifications ensure that the understanding, skills and education are on par with respect to a benchmark of the industry or a business line.
  3. Since certifications are globally accredited, professionals naturally gain a global advantage to be competitive and are acknowledged professional to take up the challenging positions in that line of profession and meet the industry need for qualified professionals.

Additionally, you may also want to refer to 4 Reasons Why Certifications Matter by Karl Kovacs at HuffingtonPost and Why Certifications Mean Better Pay, Better Recognition, Better Marketability by Channel Insider Staff.

Simply put. WINIT4ME. What’s in it for me?

A. job_openingsProfessional Growth
B. Peer Recognition & Respect
C. Professional Network
D. New Opportunities

Beign certified means commitment & dedication to profession & career in that line. This helps businesses to recruit you and believe you are up for the challenge with proven credentials and are in high demand across businesses.

In the Project Management profession, one will often encounter these prominent certifications:

  • PMI Certified Associate in Project Management (CAPM
  • PMI Project Management Professional (PMP
  • PMI Agile Certified Practitioner (PMI-ACP
  • Scrum Alliance Certified ScrumMaster(CSM)
  • Scrum Alliance Certified Scrum Product Owner(CSPO)

Although, there are other certifications available, these tend to be the leading pack for the Industries who rely on these certified professionals to get their businesses moving and cater to jobs.  For a complete list of all available certifications in project management profession, refer to List of Project Management Certifications 69 Certifications from 19 Vendors by itcertificationmaster.com.

About PMI.
Project Management Institute(PMI) is the premier, leading project management profession body with more than 7,00,000 members connected across the world and is a synonym for the Project Management itself. To know more about PMI, visit their official website http://www.pmi.org

About Scrum Alliance.
Scrum Alliance is the leading scrum methodology professional body in existence. Being a front runner and a strong evangelist of Scrum methodology, Scrum Alliance is regarded as the change catalyst with their hands on training’s leading to certifications. To know more about Scrum Alliance, visit their official website http://www.scrumalliance.org

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PMP Exam Formulas – Free online PDF Download!

By | 2017-05-17T17:46:58+00:00 November 29th, 2013|Articles, Free Resources, Readable Blog|

Project Managers “best aid” in performing their operations involves widespread application of mathematical formulas in relation to the 10 project management knowledge areas. Project Managers & Project management professionals looking to be future PMI PMP credential certified professional needs to understand the application of mathematical formulas in context of the situation at hand.

Memorization of the formulas alone will not aid the PMP aspirants ace the PMP exam. Professionals need to have deep insights on how to effectively perform the required computations. This requires the project management skill and diligence of the subject matter to ensure the problems are resolved in the right direction correctly.

While there are many methods to memorize the formulas & go about PMP exam, the most prominent one which has brought success for PMP aspirants is discussed here.

5 Simple steps to PMP Success with mathematical inspiration

  1. During your PMP preparation, write down the formulas over a piece of paper on a daily mode until the exam day.  A word of caution: Do not be tempted by technology to use mobile gadgets to memorize. Use hands to write, while you see with your eyes; human brains are hard-wired to synchronize & digest information in subconscious mind effectively this way.

  2. Recall how these formulas are applied in context of knowledge area & process group.

  3. Repeat steps 1 & 2, until you are confident of the formulas. Without looking up in to PMI PMBoK guide(change in the PMBoK guide) or self notes.

  4. Many PMP participants have successfully used this simple technique to pass through the exam. On the day of exam, as you enter the exam, simply recall all the possible formulas. Brain dump these formulas on the blank sheets provided to you for the first few minutes. Even before you look into questions.

  5. As you move on the questions, simply pick the formulas sheet and work them out on the piece of sheets provided.

For the not-so-mathematical-savvy project managers, one may feel left back or nervous with the appearance and outset of so many PMP exam related formulas. Though, a complete knowledge and application of these formulas will bring down the nervousness and build confidence. Ensure to cater quality time to see how the formulas are applied and in what context. There is no shortcut here for success.

The list of 10 PMP knowledge areas include:

Integration Management, Scope Management, Time Management, Cost Management, Quality Management, Human Resource Management, Procurement Management, Risk Management, Communications Management, Stakeholder Management.

Please see not all knowledge areas will have formulas. Do not expect to have formulas for all 10 PMP knowledge areas.

The list of important and most widely used set of formulas include:

Project Selection >           Future Value
Present Value
NPV – Net Present Value
ROI – Rate of Interest
IRR – Internal Rate of Return
Payback Period
BCR – Benefit Cost Ratio
CBR – Cost Benefit Ratio
 
Communications >   Communication Channels
   
Procurement > PTA – Point of Total Assumption
   
Risk > EMV – Expected Monetary Value
   
Cost & Schedule > EVM – Earned Value Management   CV – Cost Variance
  SV – Schedule Variance
  AC – Actual Cost
  PV – Present Value
  CPI – Cost Performance Index
  SPI – Schedule Performance Index
  EAC – Estimate at Completion
  BAC – Budget at Completion
  TCPI – To Complete Performance Index
   
PERT(Program Evaluation and Review Technique) >   EAD – Expected Activity Duration
  Standard Deviation
  Variance of an activity
   
Network Diagram >   Activity Duration
  Total Float
  Free Float
   
Miscellaneous >   Average(Mean)
  Median
  Mode
  Sigma Values
  Rough Order of Magnitude(ROM) estimate
  Preliminary estimate
  Budget estimate
  Definitive estimate
  Final estimate

View the PDF online here…

[pdfshow href=”http://www.armadilloconsultants.com/files/blog/Project-Management-Professional-PMP-Formulas.pdf”]

Project Management Professional (PMP) Formulas

You may download the pdf document “Project Management Professional exam related formulas” by clicking on the PDF icon on your left side of the screen. This document is licensed to be used in its entirety in print and/or electronic media for personal use only.

We would love to hear your questions, suggestions and thoughts on the importance of PMP related formulas and how they contributed to your PMP success.

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Secrets & treasure they do not want you to know about PMP!

By | 2017-05-17T17:46:10+00:00 November 27th, 2013|Articles, Free Resources, Readable Blog|

PMP aspirants! Discover the secrets & treasure for you to crack PMI’s PMP.

Before I share that, a short foreword.

Being a PMP Credential holder myself for many years, I have experienced the dramatic transformation of the way I used to handle projects & clients; to the new way I did that in a more profitable way couple of years back. So, if your goal is just to crack through PMP, think again. PMP offers more than just being a credential to your existence.

One is no good, by having a PMP credential alone. One needs to understand the concepts, apply them in practice as well. It is not practical to believe, one would get a chance to work end to end of all Project management knowledge areas in their early career. The work around to such situation is, when moving through PMBoK topics, come up with imaginary Project management scenarios and simulate the experience in mind. Behave the way, if you encountered such a situation and respond with act accordingly. Let these simulations become experience which will enable for PMP exam.

After writing the last blog, a few days back “Passed PMP in first attempt“,  I still believed there are still many PMP aspirants out there, who would ask me the same question again. In fact, many customers at Armadillo Consultants; seek clarification on their project management career and their project management certifications  related questions, speak the same line.

Can you give me some tips, cheats & real PMP exam questions, to pass through PMP certification quick & fast? Am shedding some light on this aspect through the blog for my already answered customers (they already have the answer, just for reference here for them again) and the prospective new customers who may be looking out for such a quick deal.

Tips. Definitely, one will find a ton of them as they search it out & talk to people. I have listed top 10 super-like tips(call them 10 master commandments for your PMP success) based on what worked for participants on their PMP exams.

  1. Always believe you are working on a mega scale projects before you even think of answering any question. Imagine you running such a mammoth size of project. Enhances 70 to 90% of your answers in correct direction.
  2. Always answer questions after you have identified the organizational structure the question is posed from. The best bet when you are not able to arrive at organizational structure would be to consider “Projectized organization”. Enhances 30 to 50% of your answers in correct direction.
  3. Always remember before answer, you are an ideal project manager running an ideal project – not your regular office project. Enhances 20 to 40% of your answers in correct direction.
  4. Did you visualize entire 47 Project management processes in each of those Process group & Knowledge Area it belongs to? That is great. Enhances 60 to 90% of your answers in correct direction.
  5. On any project scenario, you will always apply all the 5 Process groups, 10 Knowledge areas, 47 Project management processes.  Enhances 20 to 30% of your answers in correct direction.
  6. Given a project situation, always be in the base assumption that the project is in monitoring & controlling state. Unless explicitly mentioned or indicated. Enhances 10 to 30% of your answers in correct direction.
  7. Did you spend extra time to understand and apply SPI & CPI on projects and what the Index numbers mean practically? Enhances 5 to 10% chances of your answers in correct direction.
  8. Did you learn to solve the mathematical calculations in real time project scenarios. Enhances 30 to 70% of your answers in correct direction.
  9. Practice the PMI professional code of ethics and responsibilities in real life. Enhances 20 to 40% of your answers in correct direction.
  10. Ensure you have simulated 4 hours type of a real-exam like attempt before going in for actual PMP exam. Keeping oneself calm, composed for a long duration of 4 hours is very essential for exam success. Plan sufficient breaks with regular intervals.

Bonus Tip: Project Managers always act “proactively” first. Enhances 50 to 80% of your answers in correct direction.

Cheats. There are no cheats one can or will be able to apply on practical PMP based questions. Every question is a practical scenario which needs application of your knowledge in practice. It is simply not practical to think one can even apply Cheats.

Real PMP exam questions. Aha! Let that not even step on your mind to find some real PMP exam questions. I would recommend to read the PMI PMP Handbook (for some real insights on the questions) & PMI Professional Code of ethics available on the PMI website to get acquainted with PMI rules and guidelines.

In fact, the exam changes often that, “what one would read” may not even appear on their exam next month. Hence, my recommendation, do not waste valuable time fooling by googling it out. Just go to PMBoK guide and study well many times. There is no secret for your real hard earned PMP success. Still looking for free some sort of PMP exam questions? Ok, I got that time saved for you. Here are the free 3000+ PMP preparation questions compiled by Oliver. Now go back to your PMBoK guide and start studying again.

Were you able to discover the secrets & treasure, which many PMPs will not want you to know?

The answer! You got to grill with PMBoK guide several iterations. Solving hundreds and hundreds of questions may help you 10-20% of PMP Exam questions. However, Studying at least several times the PMBoK guide along with concrete concepts of Project Management formal training by professional project management expert training institutes like Armadillo Consultants, will help you succeed on PMP Exam by 80-100%.

We would love to read your opinion & your own PMP success story/learning’s. Appreciate your valuable comments.

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Passed PMP in first Attempt!

By | 2017-05-17T17:45:20+00:00 November 25th, 2013|Articles, Free Resources, Readable Blog|

This is the excited reaction; we see when someone passes their PMI PMP(Project Management InstituteProject Management Professional) certification exam in their first attempt. We know that is a great deal.

Why would someone be so excited and caring about passing the PMP exam in first attempt?

As if they just reached the Mount Everest, the top of the world.

The reasons are obvious; PMP is not so simple to get through as it looks to be on the outlook. Should you have heard, “it is that easy”, think again and do your research well before you embark. The foremost word, the PMBoK guide has changed from 4th edition to 5th edition in 2012 and the exam has adopted change in 2013.

1.  Each PMP exam version has changed over period drastically than ever based on new editions of PMBoK. Recently, we happen to come across the blog “How to Pass PMP Exam on First Try” by Dick Billows.  It was quite interesting to note the exams are changing at a pace almost 5% as indicated. The tougher it gets to pass, the better the quality of passing professionals who feel and share the pride of their passing the PMP exam in first attempt. Paying close attention to the preparations is the key essential. Imagine 1 passing out of 20 participants will make the 1 single participant a rock star to brag PMP success.

2. PMP involves spending one’s valuable time to up skill and prove their knowledge, application of knowledge in practical real-ideal scenarios. Professionals love to show that they have the highest grade of practical knowledge and know-how and they have proved it with achievement of PMP in first attempt. Feels Google-like with all the abundant knowledge. Imagine your peers and boss asking you on, how you passed your PMP in the first attempt. Certainly that builds your network with much more confidence and on your credentials.

3. PMI PMP Credential is not only time consuming, it involves good amount of money at stake. Consider the training cost involved for formal training education, charged heavily by training vendors. Also, consider the PMI exam fee spent for exam itself, re-exam fee is quite a money as well. In overall, it is a big money altogether.

Proving oneself valuable to employers, who often pay the training and certification reimbursement bills, builds rapport across own team, management and of course the non-business teams like HR and Training team. Imagine, you may be considered to help other colleagues to be trained by you – just because of one may be reason – Passed PMP in First attempt. Makes one feel the state of Guru.

4. The most important reason of all what I like to hear from PMP’s – It tremendously boosts self-confidence on the job and also to find job. With attestation of understanding the project management concepts applied in practice and bench marked with the best in the Industry on knowledge. Guess what you may perform on the job starts getting better results as you apply the tools & techniques at work. Imagine the career propulsion this will achieve for you over a period.

And of course, there are may be other simple reasons, why one would see such a level of excitement among the Passed PMP in First attempt folks.

At Armadillo Consultants, we have consistently worked for our participants with customized road maps, pre-evaluation, PMP formal education and post-evaluation techniques to tackle the PMP exams with ease and right preparation. These nature of individual special care and services drastically improve the PMP success rate of folks, who may/might have not had much success in the first attempt too.

We wish you all the best to avail your complete package with such special care either from Armadillo Consultants or equivalent. Not just the standard; learn your-self e-packages or standard classroom packages which do not pay attention to your level of knowledge to customize and explain the concepts.

Keep us posted on your interest to join PMP/current progress on PMP/drop us your “Passed PMP in first Attempt!” line.

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