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PMI-PBA PMI Professional in Business Analysis

Exam Detail:
The PMI-PBA (PMI Professional in Business Analysis) exam is designed to validate the knowledge and skills of professionals in the field of business analysis. Here are the exam details for the PMI-PBA exam:

- Number of Questions: The exam consists of multiple-choice questions. The exact number of questions may vary, but it is typically around 200 questions.

- Time Limit: The time allotted to complete the exam is 4 hours.

Course Outline:
The PMI-PBA certification program covers a comprehensive range of syllabus related to business analysis. The course outline typically includes the following domains:

1. Needs Assessment:
- Define business problems and opportunities.
- Conduct feasibility studies.
- Identify and analyze stakeholders.

2. Planning:
- Develop business analysis plans.
- Identify and analyze risks.
- Determine the appropriate requirements gathering techniques.

3. Analysis:
- Elicit requirements from stakeholders.
- Analyze, prioritize, and validate requirements.
- Model requirements using appropriate techniques.

4. Traceability and Monitoring:
- Establish requirements traceability.
- Manage changes to requirements.
- Monitor and report on requirements.

5. Evaluation:
- Verify and validate requirements.
- Assess and validate solutions.
- Evaluate business benefits and value.

6. Tools and Techniques:
- Requirements management tools.
- Business analysis techniques.
- Communication and collaboration tools.

Exam Objectives:
The objectives of the PMI-PBA exam are as follows:

- Assessing candidates' understanding of business analysis principles, practices, and techniques.
- Evaluating candidates' ability to analyze business problems and opportunities.
- Testing candidates' proficiency in requirements gathering, analysis, and validation.
- Assessing candidates' knowledge of business analysis planning and monitoring.
- Evaluating candidates' understanding of stakeholder management and communication.

Exam Syllabus:
The specific exam syllabus for the PMI-PBA exam covers the following topics:

1. Needs Assessment:
- Business problems and opportunities.
- Feasibility studies.
- Stakeholder identification and analysis.

2. Planning:
- Business analysis planning.
- Risk identification and analysis.
- Requirements gathering techniques.

3. Analysis:
- Eliciting requirements.
- Requirements analysis and prioritization.
- Requirements modeling.

4. Traceability and Monitoring:
- Requirements traceability.
- Change management.
- Requirements monitoring and reporting.

5. Evaluation:
- Requirements verification and validation.
- Solution assessment and validation.
- Benefits evaluation.

6. Tools and Techniques:
- Requirements management tools.
- Business analysis techniques.
- Communication and collaboration tools.
PMI Professional in Business Analysis
PMI Professional book

Other PMI exams

PgMP PgMP
PMBOK-5th Project Management 5th Edition
PMI-001 Project Management Professional - PMP (PMBOK 6th Edition)
CAPM Certified Associate in Project Management (CAPM) - 2023
PMI-100 Certified Associate in Project
PMI-200 PMI-Agile Certified Practitioner (PMI-ACP)
PMI-ACP PMI Agile Certified Practitioner
PMI-RMP PMI Risk Management Professional
PMI-SP PMI Scheduling Professional
PMP Project Management Professional - PMP (PMBOK 6th Edition)
PMP-Bundle PMI-001 PMBOK v5(Video Training, Study Guides, QA) Complete Certification Pack
PMI-002 Certified Associate in Project Management (CAPM)
PPM-001 Professional in Project Management(PPM)
CCE-CCC Certified Cost Consultant / Cost Engineer (AACE International)
PMI-PBA PMI Professional in Business Analysis
PfMP Portfolio Management Professional (PfMP)

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Question: 188
A stakeholder wants to modify an existing feature. Which of the following would be used to determine the scope of the change on the
product?
A. Sequence diagram
B. Requirements traceability matrix
C. Requirements attributes table
D. Project schedule and cost baseline
Answer: B
Reference: https://opentextbc.ca/projectmanagement/chapter/chapter-9-scope-planning-project-management/
Question: 189
A companys management team has decided to deploy a new product. However, there is concern that users may not accept a new product that
forces them to change existing practices.
The business analyst should:
A. adhere to the project plan to achieve project objectives.
B. clearly communicate project objectives and attempt to defuse tensions.
C. delay the applications deployment until the conflicts have been resolved.
D. voice user concerns to management and recommend that the project be closed.
Answer: B
Question: 190
A company is developing a new e-commerce platform to enter a new market segment. Development is well under way when the government
issues a new set of regulations.
Which course of action should the business analyst take?
A. Check the traceability matrix to identify affected use cases.
B. Evaluate if the new set of regulations is aligned with the business case.
C. Evaluate the impact of the change on the project schedule.
D. Obtain management sign-off on the new set of regulations.
Answer: C
Question: 191
Requirements elicitation for a project is occurring. The marketing, acquisition, and production departments want to include specific
requirements. The CEO has a requirement to deploy in three months.
Which of the following actions will have a greater influence on the project success?
A. Estimate the effort required for each requirement and develop as many functionalities as possible.
B. Prioritize and develop the requirements of the marketing department since the project will impact a greater number of people.
C. Conduct a stakeholder analysis and balance requirements by understanding the relative power associated with each stakeholder
group.
D. Explain the situation to the CEO and try to obtain an extension of the contract for the genuine time necessary to develop the system.
Answer: C
Question: 192
A business analyst is reviewing a discrepancy report after a test session. The discrepancy report has revealed a defect that the business analyst
must address.
Which of the following criteria should the business analyst use to identify the appropriate response to the defective test result?
A. Perform an impact analysis and open a change request to include the revised requirement in the next baseline.
B. Inspect the requirements traceability matrix to verify if the requirement is connected to a use case.
C. Determine if the defect is in the solution developed, in the original requirement or in the test case.
D. Verify that the corresponding requirement was appropriately signed off by the requesting stakeholder.
Answer: C
Reference: https://www.wisdomjobs.com/e-university/business-analyst-tutorial-3/validate-solution-12447.html
Question: 193
During validation of a project solution, the business analyst discovers that a requirement has been altered. Instead of placing the company logo
in the upper-left corner of the window, it is displayed in the upper-right corner. When the business analyst asks the developer about the
change, the developer says that one of the stakeholders asked directly for the change.
Which correct action should the business analyst take?
A. Confront the stakeholder that requested the change.
B. Follow the change control process as defined in the business analysis plan.
C. Discuss the change in the next stakeholder meeting.
D. Ask the developer to correct the logo as stated in the requirement.
Answer: C
Question: 194
A business analyst is conducting a cost-benefit analysis of potential solution options. The stakeholders have indicated that the estimated
growth rate is very important to them.
Which technique will allow the business analyst to determine this information?
A. Net present value (NPV)
B. Payback period
C. Return on investment (ROI)
D. Internal rate of return
Answer: A
Question: 195
During user acceptance testing, a defect is logged by a user from a department that did not participate in the requirements analysis. To avoid
this situation and minimize impact on the project, the user should have been:
A. interviewed to understand how the users work would be impacted.
B. involved in the development and sign-off of the business requirements.
C. given the opportunity to review the user acceptance test scripts.
D. identified as a stakeholder as part of the stakeholder analysis.
Answer: D
Question: 196
A business analyst is leading a project to implement automated order entry software at a local pizza restaurant. The business analyst has very
little information about the project: the ordering process takes too long and often ends in incorrect orders.
What step should the business analyst take next?
A. Identify testing resources to support the implementation.
B. Request information on the current ordering process and compare it with other companies.
C. Select the software to implement and start working with the technical resources.
D. Schedule a requirements gathering sessions with the manager of the ordering department.
Answer: D
Question: 197
After a project was delivered, the business analyst learns of a project objective with no associated requirement. What would have helped
determine this issue before delivery?
A. Context diagram
B. Use cases
C. Tracing requirements
D. Process flow
Answer: C
Reference: https://www.pmi.org/learning/library/top-five-causes-scope-creep-6675
Question: 198
A business analyst has been asked to investigate a problem. This investigation will provide input towards developing a business case. The
business analyst wants to first understand the companys current business processes.
Which technique should the business analyst use?
A. MoSCoW
B. RACI matrix
C. Observation
D. User stories
Answer: C
Reference: https://kissflow.com/bpm/business-process-analysis/
Question: 199
The customer and the business analyst are collaborating in the development of a solution scope. It is important for the customer to:
A. spend the time required to provide, clarify, and elaborate requirements.
B. communicate changes to requirements only when they are completely defined.
C. perform an alternatives analysis for requirements implementation.
D. challenge assessments of the cost and feasibility of requirements.
Answer: A
Question: 200
A business analyst is developing a traceability matrix to determine whether or not any gaps exist and to identify any discrepancies.
Which critical field is needed to ensure that the traceability matrix is usable?
A. Hierarchy
B. Requirements description
C. Status
D. Owner
Answer: B
Reference: https://www.softwaretestinghelp.com/requirements-traceability-matrix/
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PMI Professional book - BingNews https://killexams.com/pass4sure/exam-detail/PMI-PBA Search results PMI Professional book - BingNews https://killexams.com/pass4sure/exam-detail/PMI-PBA https://killexams.com/exam_list/PMI 10 Best Online Courses for Project Management in 2023

Looking to enhance your project management skills? Check out our list of the best online project management courses that offer comprehensive training.

Are you looking for the best project management certification course to help you advance your career or just looking to learn project management to Strengthen your skills? In this article, we selected and reviewed the best online project management courses, certifications and training — self-paced and instructor-led, free and paid — for professionals of all skill levels.

Jump to:

Top online courses for project management: Comparison chart

Here is a feature summary of the best online courses for project management.

Udemy: Beginner to PROject Manager

Created by 365 Careers, this Beginner to PROject Manager course is a bestseller on Udemy. This course teaches you how to use Gantt charts, critical path methods, project plans and budgets. It also includes 15+ project management templates that you can use to create your own projects. The course is structured in a step-by-step manner, starting with the basics of project management and gradually moving towards more advanced syllabus such as MS Excel for project management, agile project management and scrum, as well as agile and waterfall.

Course details

Price $109
Time to complete 7h 17m
Prerequisites required No prior experience is required.
Difficulty Beginner
Flexible schedule This is a self-paced course, meaning you can study it at your own convenience.
Includes Verified certificate of participation Yes
Who should take this course? Anyone interested in project management

Udacity: Digital Project Management

​​Digital Project Management is a nanodegree program taught by Walyce Almeida, a program manager at AWS and hosted on Udacity. This course is designed for those looking to learn about project management processes, tools, principles and practices. The digital project management course teaches you foundational project management concepts. In this course, you will learn how to translate business requirements into a project scope statement, build project plans in waterfall or agile and develop a high-performing team.

Some of the skills you’ll learn include:

  • Cost-benefit analysis.
  • Project risk mitigation.
  • Scrum and scrum boards.
  • S.M.A.R.T. goals.
  • Requirements gathering.
  • Professional portfolios.
  • Project execution, status reporting, scoping, closure and scheduling.
  • Waterfall project management.
  • Project management artifacts.

Course details

Price You need a Udacity subscription to access this course. Pricing starts at $249 per user per month.
Time to complete 4 weeks
Prerequisites required No experience is required.
Difficulty This is a beginner-level course.
Flexible schedule This is a self-paced course. You can schedule your study time based on your availability.
Includes Verified certificate of participation Yes
Who should take this course? This course is designed for beginners and intermediate.

Colorado State University: Online Project Management

This course is powered by Colorado State University. It’s created for project managers, project coordinators and business analysts who want to advance their project management skills or those preparing for the Project Management Professional exam in order to earn the Certified Project Management Professional or the Certified Associate Project Manager certificate.

The program is structured to engage participants in a collaborative learning process, allowing them to earn project management education credits (contact hours) that count towards their eligibility for the PMP exam. Throughout the learning process, participants can earn points by participating in weekly discussions, engaging in team exercises and completing quizzes, which help track their progress.

In this course, you will learn:

  • Project life cycle phases, process groups, and knowledge areas — according to the PMI Project Management Body of Knowledge (PMBOK)® Guide (7th edition).
  • How to manage project scope, risk, communications and integration management.
  • Project management language and processes.

Course details

Price $3,395
Time to complete 16 weeks
Prerequisites required Students must purchase A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 7th Edition.
Flexible schedule Limited flexibility due to the live classes
Difficulty Intermediate/advance
Includes Verified certificate of participation Yes
Who should take this course? Those with various experience levels as project managers, project coordinators and business analysts

Simplilearn: PMP Certification Training Course

Simplilearn’s PMP Certification Training Course is designed to help professionals prepare for and pass the PMP certification exam. The course covers various aspects of project management and the instructors train you based on the Project Management Body of Knowledge (PMBOK) 7th edition and the latest certification exam content outline.

The PMP Certification Training Course gives you access to digital materials from PMI, such as audio-video content, ebooks, assessments and participant guides. It also includes nine full-length simulation test papers with 180 questions each, as well as 35 contact hours with live virtual sessions.

Course details

Price $399
Time to complete 3 months
Prerequisites required
  • A secondary degree (high school diploma, associate's degree or equivalent) with 7,500 hours leading and directing projects
  • A minimum of five years of project management experience or a four-year degree with at least three years of experience in project management
  • Completed 35 hours of project management education
Flexible schedule Limited flexibility – combines live sessions and self-learning
Difficulty Advance
Includes Verified certificate of participation Yes
Who should take this course?
  • Project managers
  • Associate/Assistant project managers
  • Team leads/Team managers
  • Project executives/Project engineers
  • Software developers

Master of Project Academy: Project Management Training Bundle - 6 Courses

This six-in-one course bundle provides comprehensive training on project management. The bundle includes the following courses:

  • PMP certification training: It will prepare you for the PMP certification exam.
  • Microsoft project training: You will learn how to use Microsoft Project to plan, track and manage projects.
  • Agile scrum certification training: This course will teach you the principles and practices of agile scrum methodology.
  • PMP exams and math lectures: It covers the essential math concepts and formulas needed to pass the PMP certification exam.
  • Free PMP training: Offers a comprehensive overview of project management concepts and techniques, key principles and best practices.
  • Free agile scrum training: This course introduces agile methodology and the scrum framework.

Whether you’re new to project management or looking to enhance your skills and knowledge, this bundle is a carefully curated resource designed to help you excel in your project management career.

Course details

Price Pricing starts at $137 per month. You can also choose to pay $770 for one year of access or $1,247 for lifetime access.
Time to complete 70+ hours
Prerequisites required No prerequisites required.
Flexible schedule Yes
Difficulty All levels - beginner, intermediate and advanced
Includes Verified certificate of participation Yes
Who should take this course? This course is ideal for beginners and seasoned project managers looking to upskill.

Coursera: Engineering Project Management Specialization

Authored by experts from Rice Center for Engineering Leadership, this course is designed for professionals looking to specialize in engineering project management. This course will teach you how to initiate and plan engineering projects and provide tools to develop a project scope, schedule and budget. You’ll also learn how to manage risks, control the quality of the deliverables, engage and manage people and procure goods and services.

Course details

Price $49 per month
Time to complete 2 months at 10 hours a week
Prerequisites required No prerequisites required.
Flexible schedule Self-paced
Difficulty Beginner
Includes Verified certificate of participation Yes
Who should take this course? Professional engineers who are interested in advancing into leadership and management roles.

Pluralsight: Project Management for Software Engineers

If you’re a software engineer with a knack for organization and leadership, you might find this project management course authored by Michael Krasowski interesting. The course teaches you the practical elements of working with customers, people, technology and processes. You’ll learn project management fundamentals, planning, control and execution.

Course details

Price You will need a Pluralsight membership at $29 per month.
Time to complete 4h 50m
Prerequisites required No prerequisites required
Flexible schedule Self-paced
Difficulty Beginner
Includes Verified certificate of participation Yes
Who should take this course? Software engineers

Cybrary: Enterprise Project Management

Cybrary’s enterprise project management is designed for those who have achieved the PMP credential through PMI or those pursuing PMP certification. This course covers several project management aspects, including:

  • Projects, operations and organizational progress.
  • Building a project charter.
  • Project planning, execution and closure.
  • Organizational structures and agile planning.
  • Business analysis and complex modeling.
  • Enterprise project planning, execution and governance.
  • Enterprise change management.
  • Case studies.

Course details

Price Free
Time to complete 5h 53m
Prerequisites required No prerequisites required
Flexible schedule Self-paced
Difficulty Intermediate
Includes Verified certificate of participation Yes
Who should take this course? PMPs and aspiring PMPs

PRINCE2 6th Edition Foundation

Another great course for beginners is the Prince2 6th Edition Foundation online course. Prince2 has over 500K graduates worldwide and is a recognized leading project management course provider. This course will teach you how to create a business case, plan and manage change, as well as quality assurance, project scoping and deliverables.

Course details

Price $1,185.75 for one-year access
Time to complete 20 hours
Prerequisites required No prerequisites required
Flexible schedule Yes
Difficulty Beginner
Includes Verified certificate of participation Yes
Who should take this course? Project managers and professionals supporting projects

Cornell University: Project Management Certificate Program

Unlike the other project management courses we have reviewed so far, Cornell’s Project Management Certificate Program is an instructor-led online PM certification course. The program is designed for professionals who want to enhance their knowledge of project management. You will acquire 50 project management education hours towards your PMP certification when you complete this course.

Course details

Price $2,730 or $830 per month
Time to complete 3 months at 3–5 hours per week
Prerequisites required Knowledge of project management
Flexible schedule No - Instructor-led course
Difficulty Intermediate/advanced
Includes Verified certificate of participation Yes
Who should take this course? Team leaders, managers and aspiring PMPs

Tips for choosing the right project management course

When shopping for the best project management course for you, it’s essential to identify your learning goals. For instance, if you want to advance your career or look for higher-paying jobs, certification courses such as PMP or PRINCE2 can enhance your credibility and job prospects in the field. Your current professional stage and knowledge level will help you determine the kind of course to select:

  • Zero or limited project management knowledge? Go for a beginner course.
  • Need to widen your knowledge? Intermediate PM courses may help you align with the current industry trends.
  • Need advanced certification to advance your career? Look for PMP courses from recognized providers similar to the ones we listed above.

Before settling for a particular course and provider, make sure you do your due diligence.

  • Review the course syllabus.
  • Consider the course delivery method, duration and flexibility.
  • Consider the instructor’s qualifications and expertise.
  • Consider the cost of the course and weigh it against the value you’ll gain.

Ensure that the course provider is accredited by a recognized body in the field of project management, such as the Project Management Institute, Certified International Project Manager or Certified Associate in Project Management.

Frequently asked questions about online project management courses

We answered some commonly asked questions about online PM courses to help you determine the best course for you.

Which is the best certification for project management?

The best project management certification for you depends on your current career goals, experience level and industry. Whether you’re a beginner, intermediate or expert, the courses we analyzed in this guide are top-tiers and are suitable for different experience levels.

Is a PMP course worth it?

Yes, it is worth it 100%. For example, obtaining a project management professional certification can provide several benefits, such as career advancement, increased earning potential and industry recognition.

Are there free online project management courses?

Yes, there are several free project management courses. Cybrary’s enterprise project management is a free project management course.

Are online project management courses accredited, and does accreditation matter?

Not all online project management courses are accredited, and accreditation can be an important factor to consider when choosing a course.

Accreditation matters because it assures that a reputable organization has evaluated the course or certification program and meets recognized industry standards. Accredited courses are more likely to be recognized and accepted by employers and professional organizations.

What is the difference between project management certifications and online courses?

Project management certifications are designed to validate your knowledge and expertise in project management — they usually require passing an exam. They may have prerequisites, such as a certain number of hours of project management experience. Conversely, online courses are educational programs that provide you with knowledge and skills in project management. They may or may not lead to a certification.

Wed, 15 Nov 2023 11:51:00 -0600 en-US text/html https://www.techrepublic.com/article/online-project-management-courses/
What is PMI? The Gen Z dating trend that may be ruining your relationship

A new toxic trend, PMI, is set to take over the world of dating next year. Here’s how to spot it and stop it in its tracks before it ruins your next fling. 

The early days of a new fling are filled with almost every emotional peak and trough in the book. From the longwinded anticipation of each text to the silent panic that sets in when you realize you’re sitting across the table from a cat person (instant dealbreaker), the dating scene can be one whirlwind of an emotional rollercoaster.

While there are plenty of valid reasons why a fresh romance won’t survive the harsh dating landscape, self-sabotage (whether intentional or not) has got to be one of the most unfortunate. Now, there’s a new trendy iteration of dating drama casting a shadow on new couples everywhere. Premature intimacy, or PMI, speaks to the urge to share too much too soon with a new partner, often leaving people feeling exposed or regretful.

Certified sex and relationship practitioner, Georgia Grace, shares with Body+Soul why healthy boundaries and a strong line of communication are so important to nurture at the start of any relationship, and why it’s crucial to look out for signs of PMI.

What exactly is PMI?

While yet another trending abbreviation might have you cursing the ever-changing Gen Z language, this one is especially important. A quick scan of the English language will tell you the word ‘premature’ is scarcely used to describe anything good, with its current dating association only reinforcing the stereotype. 

PMI is the romance equivalent of TMI (too much information), incorporating whispers of love bombing and trauma dumping. In essence, the term refers to the oversharing of mind, body and soul. Imagine you’re sitting across from your date at dinner, swapping facts about yourselves and critiquing the restaurant’s playlist. Suddenly, before you’ve even had time to digest the entrees, your casual first date begins talking about your detailed future plans or reaches over to plant a kiss on your lips. Pretty jarring image right? 

While intimacy is no doubt an important building block for any blossoming relationship, overstepping too early on is a surefire way to provide someone the ‘ick’. PMI can manifest in more ways than simply oversharing your thoughts on a date, such as overt displays of physical affection and deep dives into your personal information.

Loving boyfriend hug upset young girlfriend making peace after fight, guilty man ask for forgiveness after cheating, sad woman indifferent not ready to forgive cheater.
PMI is the romance equivalent of TMI (too much information), incorporating whispers of love bombing and trauma dumping.
Getty Images/iStockphoto

“[PMI] is a really hard thing to measure,” says Grace, noting every relationship travels on its own unique timeline. “Yes, it’s exciting when you start a new relationship, but it’s also important to have platonic love and friendships, to see your family and to make sure you’re going to work and moving your body in the way that you like to move it so that you still have a sense of self and it doesn’t get wrapped up or lost in this new relationship energy.”

According to relationship expert Jessica Alderson, unleashing intimacy too early on in the relationship has become increasingly more common in the modern dating landscape. PMI can be caused by a myriad of reasons, such as a deep-rooted need for validation or an inability to accurately understand social cues. 

“Some people have a fear of rejection or abandonment and believe that by opening up quickly they can create a strong bond,” she shares with Stylist. “They may believe that by being vulnerable and sharing personal information in the early stages of dating, their date will see them as more desirable or trustworthy.”

What are the consequences of PMI?

Now, maintaining the right level of intimacy can be a challenge for any couple, regardless of whether you’re celebrating two weeks or 20 years of blissful harmony. Intimacy ebbs and flows throughout different stages of any relationship, but it’s important to establish healthy boundaries and expectations early on.

‘Being all in’ has no doubt been romanticized across pop culture, leaving many fresh couples feeling the pressure to imitate every smiling couple on social media, apparent products of ‘love at first sight’. 

“They’re selling the dream, they’re selling romance,” Grace says of couples across the media landscape. “We cannot and should not turn to TV or social media to teach us about relationships, because often they are designed to reflect a relationship that is entertaining, that is exciting, that makes us feel. But they’re often not real.”

Exposing your new partnership to intense bursts of intimacy before it’s ready will only create cracks in the relationship, often causing irreversible damage. 

There are some immediate consequences for PMI, with the most common ones being the risk of overwhelming your partner or having them misinterpret your behavior. Too much PMI early on may also lay the foundation for other issues down the track.  

One of the best parts of any new relationship is gradually learning about each other’s lives, slowly uncovering the interesting facets of your partner’s personality, “A gradual unfolding of personal details can contribute to the anticipation and enjoyment of discovering more about each other over time”, says Alderson. Too much intimacy in the early days fast-tracks this process, removing the sense of intrigue that fuels attraction. 

“Oversharing early on can leave little room for growth and discovery as a couple. This can hinder the development of a strong, lasting bond,” adds Alderson. 

“No two relationships are the same,” explains Grace, adding that any stage of a partnership can see couples misaligned in their expectations and goals. “I would never put a time frame on anything because it’s such an individual thing.”

In a new relationship, intimacy is important for growth and connection, just ensure you’re employing self-awareness and sharing something with the right intention in mind.

“I would never suggest or recommend not opening up on a first date, but you can have a choice around how much you share and what you share,” says Grace. “And you can also set a boundary if someone is trauma dumping on you because that’s not fun and it’s not sexy and it’s kind of overwhelming.”

Wed, 15 Nov 2023 00:00:00 -0600 en-US text/html https://nypost.com/2023/11/15/lifestyle/what-is-pmi-and-is-it-ruining-your-relationship/
Best Project Management Certifications

Project management certifications claim a place in every top IT certification list because project managers are essential to IT operations. Whether you’re interested in becoming an IT project manager or want to add project management to your skills list, the following certifications will help you boost your skills and increase your value.

What to know about project management roles and certification

Next to top-level IT certifications, project management certifications are among the most sought-after tech credentials. Project management certifications enhance and expand other IT qualifications and add to a professional’s skill set.

Project management involves planning, scheduling, budgeting, executing and reporting on various projects. In the IT realm, events such as hardware and operating system upgrades, platform migrations, security patches, software updates and maintenance tasks are considered “projects,” so project management is incredibly important.

According to staffing firm Robert Half’s 2023 Salary Guide, project managers in the U.S. earn, on average, $119,000 annually; salaries reach almost $200,000 for top earners. Scrum masters earn around $112,000 nationally, and top earners can make over $180,000. Robert Half places Agile and Scrum in the top five in-demand technology methodologies, so earning a top-level certification is a surefire way to become a sought-after and well-paid project manager.

Best project management certifications

More IT professionals are seeking project management certifications these days. Various evergreen IT certifications cover different areas and skills, but all of them can help you navigate your career path and increase your earning potential. Here are several to consider.

Project Management Professional (PMP)

The Project Management Institute (PMI) stands firmly behind its PMP certification. The organization works with academia and training companies to ensure proper coverage and currency in the curricula supporting the PMP and other PMI credentials. With more than 1.2 million PMP-certified professionals globally, PMI’s PMP remains among the most prestigious project management credentials. 

You can obtain college- and university-based PMP training from many institutions. You may also find PMP coverage integrated into specific degree programs (often at the master’s level).

The PMP credential is coveted by employers seeking the most highly skilled project management professionals. It is designed to ensure credential holders possess the skills and qualifications to successfully manage all project phases, including initiating, planning, scheduling, controlling and monitoring, and closing projects.

PMP-certified project managers are well versed and skilled in managing all aspects of the triple constraints: time, cost and scope. Employers depend on PMP professionals to do the following: 

  • Manage budgets
  • Track costs
  • Manage scope creep
  • Identify how changes to the triple constraints may introduce risk to the project
  • Minimize risks to protect the project investment

PMP certification standards are rigorous and include the following: 

  • Skills and education: Credential holders must demonstrate and certify that they have the skills and education necessary to succeed in the project management field.
  • Documentation: Credential seekers should be ready to provide documentation of their education, previous projects and training courses. 
  • Eligibility ID: Candidates must obtain an eligibility ID from PMI before they can register for the exam. 
  • Exam: Once eligible candidates receive their ID, they have one year and three attempts to pass a comprehensive 180-question exam. 

While the certification is difficult to achieve, PMP credential holders enjoy significant rewards. PMI’s salary survey revealed that PMPs in the U.S. earn an average of 32 percent more than their non-credentialed counterparts. In the U.S., PMPs earn a median annual salary of $123,000, compared with $93,000 for non-PMP-certified project managers. Additionally, PMP credential holders can earn significantly more depending on a project’s size and complexity, as well as their experience and expertise.

For those who are interested in program management or who wish to specialize in a project management area, PMI offers several interesting additional credentials:

  • Program Management Professional (PgMP): The PgMP credential targets professionals who manage multiple projects on an organizational level.
  • Portfolio Management Professional (PfMP): The PfMP credential targets professionals who manage organizational project portfolios.
  • PMI Agile Certified Practitioner (PMI-ACP): The PMI-ACP credential targets project management professionals who work with the Agile project management methodology.
  • PMI Professional in Business Analysis (PMI-PBA): The PMI-PBA credential focuses on business analysis and the ability to define stakeholder requirements, project scope and business solution outcomes.
  • PMI Risk Management Professional (PMI-RMP): The PMI-RMP credential is a specialized credential that focuses on risk assessment, identification and mitigation.
  • PMI Scheduling Professional (PMI-SP): The PMI-SP credential is for project managers charged with developing and maintaining project schedules.

The PMP credential remains a nonpareil certification for IT and other professionals whose responsibilities encompass project management. It is the standard against which all other project management credentials are judged.

PMP facts and figures:

Certification name

Project Management Professional (PMP)

Prerequisites and required courses

  • Four-year degree
  • 36 months of leading and directing projects within the past eight years
  • 35 hours of project management education (does not apply to active CAPM certification holders)

OR

  • Secondary degree (high school diploma, associate’s degree or equivalent)
  • 60 months of leading and directing projects within the past eight years
  • 35 hours of project management education (does not apply to active CAPM certification holders)

Note: Credential holders must earn 60 professional development units (PDUs) per three-year cycle to maintain their certification.

Number of exams

One (180 questions, five unscored; 230 minutes to complete)

Cost per exam

Online and in-person (administered by Pearson VUE) computer-based exams:

  • PMI member: $405 (may retake two times within a year for a fee)
  • Nonmember: $555 (may retake two times within a year for a fee)
  • Exams are available in online proctored or center-based test (CBT) formats.

Note: Eligibility ID from PMI is required to register.

URL

https://www.pmi.org/certifications/project-management-pmp

Self-study materials

PMI maintains a list of training resources on the PMP exam guidance webpage, including these:

Additional training materials (quizzes, publications, books, practice guides and more) are available from the PMI Store.

Numerous books are available, including these:

PMP certification is also recommended for anyone who aspires to become an enterprise IT architect.

Certified Associate in Project Management (CAPM)

PMI also backs the Certified Associate in Project Management (CAPM) credential. In fact, the CAPM is considered a stepping stone for those who wish to attain PMP status. PMI describes the CAPM as an “essential first step in building a career as a project manager” but also a step that “opens the door to opportunities at every stage of your career.”

The CAPM requires the following:

  • A high school diploma (or GED or global equivalent)
  • 23 hours of project management classroom training 
  • The CAPM exam 

No previous experience is required. The education prerequisite can be met by completing PMI’s Project Management Basics online course, which costs $350 for PMI members and $400 for nonmembers.

The CAPM is one of a small set of entry-level certifications for IT professionals who are interested in project management. However, it’s just a stepping stone to the PMP credential. Unless you work in a large organization with a project management team comprising junior and senior positions, the CAPM alone is unlikely to provide a ticket to a project management job. However, it’s ideal for IT professionals for whom project management is a part-time role or for those who want to grow into full-time project management.

PMI issued its newest CAPM exam in July 2023, so some older study materials might not be complete. For additional information about the newest exam format, visit PMI’s CAPM exam Update page.

CAPM facts and figures:

If you want to start building project management skills but aren’t ready to invest in an entry-level certification course, consider exploring free project management training materials.

Certified ScrumMaster (CSM)

Although different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from Scrum Alliance. This nonprofit encourages the adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 1.4 million certified practitioners worldwide.

The Scrum Alliance provides a support system for Scrum practitioners, including Scrum gatherings, professional development and retreats, user groups, virtual communications, coaching, online training and much more. 

In addition to community and advocacy activities, the Scrum Alliance offers numerous Scrum-related certifications. The certifications are designed for team members on the Scrum master, product owner and developer tracks. Each track offers credentials at the foundational, advanced and professional levels. Certification is also available for Agile leadership and guide levels.

  • Scrum master track: Certified ScrumMaster (CSM), Advanced Certified ScrumMaster (A-CSM) and Certified Scrum Professional-Scrum Master (CSP-SM)
  • Product owner track: Certified Scrum Product Owner (CSPO), Advanced Certified Scrum Product Owner (A-CSPO) and Certified Scrum Professional-Product Owner (CSP-PO)
  • Developer track: Certified Scrum Developer (CSD), Advanced Certified Scrum Developer (A-CSD) and Certified Scrum Professional for Developers (CSP-D)
  • Guide-level certifications: Certified Scrum Trainer (CST), Certified Team Coach (CTC) and Certified Enterprise Coach (CEC)
  • Agile leadership: Certified Agile Leadership (CAL), a credential based on a combination of education and validated practice 
  • Agile coaching: Agile Coaching Skills-Certified Facilitator (ACS-CF), which supports groups as they collaborate, create and make decisions.

The CSM is an excellent entry-level credential for project managers who are getting started as Scrum practitioners. Candidates must demonstrate an understanding of Scrum principles and values and will learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with resources, checklists and information about the Scrum master’s servant-leader role.

Certified ScrumMaster facts and figures:

Certification name

Certified ScrumMaster

Prerequisites and required courses

  • General familiarity with Scrum
  • Completion of a 14-hour (usually over two days) CSM training course (price varies by training provider; candidates can expect to pay around $920 to $1,500)

Note: Certification must be renewed every two years by earning 20 Scrum education units (and paying $100 for foundational-level certifications).

Number of exams

One (37 correct answers out of 50 questions required to pass; 60-minute time limit)

Cost per exam

Fees for online tests paid by the training provider

URL

https://www.scrumalliance.org/certifications/practitioners/certified-scrummaster-csm

Self-study materials

Scrum Alliance offers blogs, articles, reports, online learning, suggested practicing and presentations online, including these: 

Note: Udemy offers practice tests designed to help test takers pass the CSM certification exam on their first attempt.

Certified Six Sigma Black Belt (CSSBB)

The American Society for Quality (ASQ) issues globally recognized certifications that attest to a candidate’s expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. ASQ offers 18 credentials, three of which specifically target project management: 

  • Certified Six Sigma Black Belt (CSSBB) (expert level)
  • Certified Six Sigma Green Belt (CSSGB) (professional level) 
  • Certified Six Sigma Yellow Belt (CSSYB) (entry-level)

The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB is for experienced practitioners who understand Six Sigma methodologies (including the DMAIC model), tools, systems and philosophies. CSSBBs can lead teams or manage team dynamics, roles and responsibilities.

The path to CSSBB certification is rigorous. Candidates must do the following: 

  • Pass a comprehensive exam
  • Complete two projects employing Six Sigma tools and processes, resulting in project improvement and a positive financial impact
  • Submit an affidavit to attest to the project’s veracity 

Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need to complete only one Black Belt project.

CSSBB candidates are expected to demonstrate mastery of these ASQ Black Belt Body of Knowledge, called standards:

  • Organization-wide Planning and Deployment (organization-wide considerations, leadership)
  • Organization Process Management and Measures (impact on stakeholders, benchmarking, business measures)
  • Team Management (team formation, facilitation, dynamics, training)
  • Define (voice of the customer, business case and project charter, project management tools, analytical tools)
  • Measure (process characteristics, data collection, measurement systems, basic statistics, probability, process capability)
  • Analyze (measuring and modeling relationships between variables, hypothesis testing, risk analysis and management, other analysis methods)
  • Improve (design of experiments, Lean methods, implementation)
  • Control (statistical process control and other controls, maintain controls, sustain improvements)
  • Design for Six Sigma (DFSS) Framework and Methodologies (common DFSS methodologies, design for DFX)

The CSSBB credential is valid for three years. To recertify, candidates must earn 18 recertification units (RUs) or retake the exam. Recertification by RUs costs $90 for ASQ members and $130 for nonmembers.

CSSBB facts and figures:

Certification name

Certified Six Sigma Black Belt (CSSBB)

Prerequisites and required courses

  • Two completed projects with signed project affidavits or one completed project with a signed affidavit (depending on experience level)
  • Three years of experience in one or more areas of the Six Sigma Body of Knowledge

Number of exams

One computer-based or paper-based exam: 

  • Computer-based (165 questions, 15 unscored; 4.5 hours) 
  • Paper-based (150 questions, four hours)

Cost per exam

  • Members: $468 
  • Nonmembers: $568 
  • Retakes: $368

(Exams administered by Prometric)

URL

https://asq.org/cert/six-sigma-black-belt

Self-study materials

ASQ maintains a comprehensive list of exam prep materials, including the following:

  • Training opportunities
  • Question banks
  • Interactive trial exams
  • Books 
  • Recommended references

Note: Udemy offers a course called Six Sigma: Certified Lean Six Sigma Black Belt Accredited.

Certified Six Sigma Green Belt (CSSGB)

Certified Six Sigma Green Belt (CSSGB) is ASQ’s professional-level credential targeting experienced Six Sigma practitioners. Often, a CSSGB works under the direction of the more senior CSSBB or as an assistant. CSSGBs identify issues and drive quality and process improvements in projects.

To earn the credential, candidates must meet the following requirements: 

  • They must have at least three years of experience working with Six Sigma processes, systems and tools.
  • The work experience must have been full-time and compensated. (An unpaid internship, for example, doesn’t count.)
  • The work performed must have been in at least one of the Six Sigma Green Belt Body of Knowledge competency areas.
  • Candidates must pass an exam that tests their knowledge of the Six Sigma Green Belt Body of Knowledge. 

Currently, the Green Belt Body of Knowledge includes six competency areas:

  • Overview: Six Sigma and the Organization (organizational goals, Lean principles, design for six sigma methodologies)
  • Define Phase (project identification, voice of the customer, project management basics, management and planning tools, business results for projects, team dynamics and performance)
  • Measure Phase (process analysis and documentation, probability and statistics, statistical distributions, collecting and summarizing data, measurement system analysis, process and performance capability)
  • Analyze Phase (exploratory data analysis, hypothesis testing, additional analysis methods)
  • Improve Phase (design of experiments, implementation planning, Lean tools)
  • Control Phase (statistical process control, sustain improvements, Lean tools for process control)

Overall, this is an excellent credential for those who have some experience but who are not quite ready to take on the roles and responsibilities of a Black Belt.

CSSGB facts and figures:

Certification name

Certified Six Sigma Green Belt (CSSGB)

Prerequisites and required courses

  • Three years of experience in one or more of the Six Sigma Green Belt Body of Knowledge areas; must be a full-time paid position (not internships)

Number of exams

One computer-based or paper-based exam: 

  • Computer-based (110 questions, 10 unscored; 4.5 hours)
  • Paper-based (100 questions, four hours)

Cost per exam

  • Members: $369 
  • Nonmembers $469
  • Retakes: $269

(Exams administered by Prometric)

URL

https://asq.org/cert/six-sigma-green-belt

Self-study materials

ASQ maintains a comprehensive list of exam prep materials, including the following:

  • Training opportunities
  • Question banks
  • Interactive trial exams
  • Books 
  • Recommended references

Note: Udemy offers a course called Six Sigma: Certified Lean Six Sigma Green Belt Accredited.

Project resource management is an element of overall project management. It aims to maximize resources to avoid resource shortages and excess resources.

Thu, 09 Nov 2023 10:01:00 -0600 en text/html https://www.businessnewsdaily.com/10762-best-project-management-certifications.html
Project Management Professional (PMP)®

Project Management Professional (PMP) is an industry-recognised certification for project managers.

Globally recognised and demanded, the PMP credential demonstrates that you have the experience, education and competency to successfully lead and direct projects.

The PMP® certification is renowned throughout the world. Part of that marketability comes from the prestige of PMI® certifications; achieving the globally recognised Project Management Professional (PMP)® certification will provide evidence of an individual’s knowledge, experience and ability to successfully manage a project.

Who should attend?

The PMP credential recognises demonstrated competence in leading and directing project teams. Experienced project managers should consider this qualification to consolidate their skills and allow them to demonstrate and be recognised as capable project managers.

Pre-requisites
If you wish to take the PMP exam, PMI does require that you either hold:

  • A four-year degree (Bachelor’s or the global equivalent) and at least three years of project management experience, with 4,500 hours leading and directing projects and 35 hours of project management education, or
  • A secondary diploma (high school or the global equivalent) with at least five years of project management experience, with 7,500 hours leading and directing projects and 35 hours of project management education.

You also have to apply to the Project Management Institute (PMI) before you can sit the exam. There’s a strict protocol as they have to authenticate that the above criteria has been met prior to exam attendance.

How will I benefit?

At the conclusion of the course students will:

  • Have sufficient knowledge and understanding to work as an informed member of a project team undertaking a variety of project management roles
  • Be able to examine and analyse the inputs, tools and techniques of the processes and knowledge areas of the PMBOK® Guide
  • Be prepared for the PMP examination having completed the required 35 contact hours
  • Be able to describe each process group and knowledge area of the PMBOK® Guide.

About the Project Management Professional (PMP)®

Please note, this eLearning programme will prepare you to sit the PMP examination which is organised directly with PMI at an additional cost.

eLearning 
Price: £460 + VAT (a 10% discount is available to members of the Institution)

Wed, 18 Oct 2023 00:43:00 -0500 en text/html https://imeche.org/training-qualifications/training-details/project-management-professional-(pmp)
PMI Survey Confirms Increased Salary Potential for Project Professionals Who Earn the Project Management Professional (PMP) ® Certification No result found, try new keyword!PMP ® Certification Holders Earn 33% Higher Median Salary Than Non-PMP Certified Professionals According to PMI Salary Survey, Further Raising the Appeal of Pursuing Professional Certifications ... Mon, 06 Nov 2023 21:00:00 -0600 https://www.businesswire.com/news/home/20231107680202/en/PMI-Survey-Confirms-Increased-Salary-Potential-for-Project-Professionals-Who-Earn-the-Project-Management-Professional-PMP-%C2%AE-Certification Project Management, Post-Baccalaureate Certificate

The graduate certificate in project management offered through Saint Louis University's School for Professional Studies is a 12-hour program that focuses on the management and decision-making skills necessary to be successful at leading projects in various settings.

Project-based learning and class simulators prepare you to promote the widespread applicability of the five basic project management processes outlined in the Project Management Body of Knowledge (PMBOK®): initiating, planning, executing, monitoring, controlling and closing.

As part of the School for Professional Studies, this 12-credit, fully online program offers technology-driven professionals like you a flexible option to meet your personal career goals. If you have obtained an undergraduate degree or higher, you may pursue a stand-alone certificate. All courses are offered in eight-week terms through SLU Online, making advanced education more accessible for working professionals. 

Faculty

As a student in the School for Professional Studies at Saint Louis University, you’ll learn from exceptional faculty who are leading experts in their fields. They bring real-world knowledge to the classroom and are dedicated to your professional success. Learn more on our faculty page.

You could be halfway to a master’s degree."

Make yourself more marketable by diversifying your expertise and earning a master’s degree. All coursework completed successfully toward a post-baccalaureate certificate may count toward a School for Professional Studies master's degree.   

Master of Professional Studies Master of Science in Cybersecurity

Careers

SLU's post-baccalaureate certificate in project management prepares students to help their organizations navigate change. The field of project management is expanding and influencing the way large and small organizations conduct business across many industries. Graduates are prepared to hold a variety of leadership roles responsible for delivering new programs, products and services through a collaborative, disciplined approach to project management.

Tuition

Tuition Cost Per Credit
Graduate Degrees and Post-Baccalaureate Certificates $790

Additional charges may apply. Other resources are listed below:

Net Price Calculator

Information on Tuition and Fees

Miscellaneous Fees

Information on Summer Tuition

Scholarships and Financial Aid

For priority consideration for graduate assistantship, apply by Feb. 1. 

For more information, visit the student financial services office online at https://www.slu.edu/financial-aid/index.php.

Admission Requirements

  • Completed application​
  • Undergraduate degree (most successful applicants have an undergraduate grade point average of 3.0 or better)
  • Official transcript from a degree-granting institution
  • Statement of purpose (about 500 words)
  • Resume or curriculum vitae
  • External reference recommendations (encouraged but not required)

Upon admission, a new student must successfully complete a virtual meeting with their academic coach to enroll in first-term coursework.

Requirements for International Students

Along with the general admission requirements above, the following must be provided by prospective international students:

  • Demonstration of English Language ProficiencySome examples of demonstrated English language proficiency include minimum score requirements for the following standardized tests:
    • Paper-based TOEFL: 550
    • Internet-based TOEFL: 80
    • IELTS: 6.5
    • PTE: 54
  • Academic records, in English translation, for postsecondary studies outside the United States. These must include the courses taken and/or lectures attended, practical laboratory work, the maximum and minimum grades attainable, the grades earned or the results of all end-of-term examinations, and any honors or degrees received. WES and ECE transcripts are accepted. 

Apply Now

Program Requirements 

PMGT 5000 Project Management Principles 3
PMGT 5010 Project Selection and Initiation 3
PMGT 5020 Planning Projects 3
PMGT 5030 Project Execution and Delivery 3
Total Credits 12

Continuation Standards

Students must maintain a cumulative grade point average (GPA) of 3.00 in all graduate/professional courses.

Roadmaps are recommended semester-by-semester plans of study for programs and assume full-time enrollment unless otherwise noted.  

Courses and milestones designated as critical (marked with !) must be completed in the semester listed to ensure a timely graduation. Transfer credit may change the roadmap.

This roadmap should not be used in the place of regular academic advising appointments. All students are encouraged to meet with their advisor/mentor each semester. Requirements, course availability and sequencing are subject to change.

Plan of Study Grid
Year One
Fall
 
PMGT 5000 Project Management Principles 3
 
PMGT 5010 Project Selection and Initiation 3
  Credits 6
Spring
 
PMGT 5020 Planning Projects 3
 
PMGT 5030 Project Execution and Delivery 3
  Credits 6
  Total Credits 12
Tue, 24 Oct 2023 03:47:00 -0500 en text/html https://www.slu.edu/professional-studies/programs/project-management-grad-cert.php
Project Management Institute Celebrates Excellence in the Project Management Industry with Winners of 2023 PMI ® Awards No result found, try new keyword!The celebration showcased winners of the PMI Professional Awards, Chapter Awards, Academic & Research Awards, and the coveted Kerzner Award in front of their peers and PMI leadership. Thu, 26 Oct 2023 23:00:00 -0500 https://www.businesswire.com/news/home/20231027430106/en/Project-Management-Institute-Celebrates-Excellence-in-the-Project-Management-Industry-with-Winners-of-2023-PMI%C2%AE-Awards/ PMI Survey Confirms Increased Salary Potential for Project Professionals Who Earn the Project Management Professional (PMP)® Certification

PMI Survey Confirms Increased Salary Potential for Project Professionals Who Earn the Project Management Professional (PMP)® Certification

PMP® Certification Holders Earn 33% Higher Median Salary Than Non-PMP Certified Professionals According to PMI Salary Survey, Further Raising the Appeal of Pursuing Professional Certifications

Project Management Institute (PMI) today released the 13th edition of its “Earning Power: Project Management Salary Survey,” which reveals the global project management salary landscape and highlights the importance of continuous education and skill building to stay ahead in today’s job market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107680202/en/

According to the survey, respondents holding the Project Management Professional (PMP)® certification reported higher median salaries than project management practitioners without a PMP certification – 33% higher on average across the 21 countries surveyed. This report is a useful resource for professionals applying for project management roles and organizations seeking to fill them as it helps define the earning power of project professionals around the world.

About two-thirds (66%) of the survey participants reported that their total compensation (including salary, bonus, and other cash incentives) increased over the 12 months before completing the survey. The data also shows a broad consensus that the PMP certification is valuable not only for salary growth but also for career development. For example, in the United States, 55% of practitioners agreed that their PMP certification has been extremely valuable to their career development. To further demonstrate these points, in this video, PMP certification holders discuss the financial benefits they have realized through earning their certifications.

The survey data shows that the median salary of project professionals varies considerably from country to country and across variables. Salary information has been converted to U.S. dollars using normal exchange rates:

  • The countries where project practitioners report the highest median salaries are the United States (US$120,000), Australia (US$103,789), Germany (US$99,512), United Kingdom (US$87,993), and Singapore (US$79,464).
  • Salary increases with higher positions in virtually all countries, but the rate of increase varies significantly. The most dramatic increases are seen in Saudi Arabia, South Africa, and The United Arab Emirates, where respondents demonstrated increases of more than 60 percent in median salary from project manager I to project manager III.
  • There appears to be a connection between salary and the size of projects managed, where most countries demonstrate higher median salaries among practitioners managing larger projects. For example, in Brazil, the median salary is reported to be US$26,507 when the project budget is less than US$100,000 and US$48,121 when the project budget is greater than US$10 million.

While there can be a monetary advantage to earning the PMP certification, there are other benefits, including the fact that certified project professionals are in significant demand across industries and geographies, and hiring managers are recognizing the value of industry certifications and skills-based hiring. Additionally, earning the PMP certification proves professionals have the skills needed for project success, which helps them break into an industry they are passionate about, empowering them to build a career around their passion. Maintaining the PMP certification proves professionals’ commitment to continuous learning, which is especially important as emerging technologies are becoming part of everyday business.

“This reported increase in compensation is a true recognition of the impact PMP-certified project professionals deliver in their daily work. Organizations are relying on project teams to make strategic priorities happen, and project managers are being rewarded for the pivotal skills they offer,” said Pierre Le Manh, PMP, President & Chief Executive Officer at PMI. “Earning potential is a major factor when making career choices, and organizations across the world acknowledge the depth of knowledge and expertise that PMP-certified project managers bring to the table. Becoming part of this globally recognized PMP-certified cohort sets you apart.”

A global summary report and interactive salary tool are available here. PMI members can access a more comprehensive report featuring annualized salary information for the 21 countries surveyed.

About the Report

PMI’s biennial report, “Earning Power: Project Management Salary Survey,” is an industry-leading source of data for both project practitioners and organizations who want to stay current with the salary landscape for today’s project professionals. The report is based on self-reported salary information fielded between March and April 2023 from more than 20,000 project management practitioners, bringing accuracy to the salary figures. The stratified random sampling methodology used for this study results in the ability to report meaningful compensation data for 21 countries.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With more than 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.PMI.org, linkedin.com/company/projectmanagementinstitute, facebook.com/PMInstitute, and on X @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

Amanda DeFuria
Regional Communications Lead, PMI
Amanda.DeFuria@pmi.org

View source version on businesswire.com: https://www.businesswire.com/news/home/20231107680202/en/

Tue, 07 Nov 2023 02:00:00 -0600 en text/html https://www.morningstar.com/news/business-wire/20231107680202/pmi-survey-confirms-increased-salary-potential-for-project-professionals-who-earn-the-project-management-professional-pmp-certification
PMI Survey Confirms Increased Salary Potential for Project Professionals Who Earn the Project Management Professional (PMP)® Certification

PHILADELPHIA--(BUSINESS WIRE)--Nov 7, 2023--

Project Management Institute (PMI) today released the 13th edition of its “ Earning Power: Project Management Salary Survey,” which reveals the global project management salary landscape and highlights the importance of continuous education and skill building to stay ahead in today’s job market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107680202/en/

According to the survey, respondents holding the Project Management Professional (PMP)® certification reported higher median salaries than project management practitioners without a PMP certification – 33% higher on average across the 21 countries surveyed. This report is a useful resource for professionals applying for project management roles and organizations seeking to fill them as it helps define the earning power of project professionals around the world.

About two-thirds (66%) of the survey participants reported that their total compensation (including salary, bonus, and other cash incentives) increased over the 12 months before completing the survey. The data also shows a broad consensus that the PMP certification is valuable not only for salary growth but also for career development. For example, in the United States, 55% of practitioners agreed that their PMP certification has been extremely valuable to their career development. To further demonstrate these points, in this video, PMP certification holders discuss the financial benefits they have realized through earning their certifications.

The survey data shows that the median salary of project professionals varies considerably from country to country and across variables. Salary information has been converted to U.S. dollars using normal exchange rates:

  • The countries where project practitioners report the highest median salaries are the United States (US$120,000), Australia (US$103,789), Germany (US$99,512), United Kingdom (US$87,993), and Singapore (US$79,464).
  • Salary increases with higher positions in virtually all countries, but the rate of increase varies significantly. The most dramatic increases are seen in Saudi Arabia, South Africa, and The United Arab Emirates, where respondents demonstrated increases of more than 60 percent in median salary from project manager I to project manager III.
  • There appears to be a connection between salary and the size of projects managed, where most countries demonstrate higher median salaries among practitioners managing larger projects. For example, in Brazil, the median salary is reported to be US$26,507 when the project budget is less than US$100,000 and US$48,121 when the project budget is greater than US$10 million.

While there can be a monetary advantage to earning the PMP certification, there are other benefits, including the fact that certified project professionals are in significant demand across industries and geographies, and hiring managers are recognizing the value of industry certifications and skills-based hiring. Additionally, earning the PMP certification proves professionals have the skills needed for project success, which helps them break into an industry they are passionate about, empowering them to build a career around their passion. Maintaining the PMP certification proves professionals’ commitment to continuous learning, which is especially important as emerging technologies are becoming part of everyday business.

“This reported increase in compensation is a true recognition of the impact PMP-certified project professionals deliver in their daily work. Organizations are relying on project teams to make strategic priorities happen, and project managers are being rewarded for the pivotal skills they offer,” said Pierre Le Manh, PMP, President & Chief Executive Officer at PMI. “Earning potential is a major factor when making career choices, and organizations across the world acknowledge the depth of knowledge and expertise that PMP-certified project managers bring to the table. Becoming part of this globally recognized PMP-certified cohort sets you apart.”

A global summary report and interactive salary tool are available here. PMI members can access a more comprehensive report featuring annualized salary information for the 21 countries surveyed.

About the Report

PMI’s biennial report, “Earning Power: Project Management Salary Survey,” is an industry-leading source of data for both project practitioners and organizations who want to stay current with the salary landscape for today’s project professionals. The report is based on self-reported salary information fielded between March and April 2023 from more than 20,000 project management practitioners, bringing accuracy to the salary figures. The stratified random sampling methodology used for this study results in the ability to report meaningful compensation data for 21 countries.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With more than 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.PMI.org, linkedin.com/company/projectmanagementinstitute, facebook.com/PMInstitute, and on X @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231107680202/en/

CONTACT: Amanda DeFuria

Regional Communications Lead, PMI

Amanda.DeFuria@pmi.org

KEYWORD: UNITED STATES NORTH AMERICA CANADA PENNSYLVANIA

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SOURCE: Project Management Institute

Copyright Business Wire 2023.

PUB: 11/07/2023 11:00 AM/DISC: 11/07/2023 11:01 AM

http://www.businesswire.com/news/home/20231107680202/en

Mon, 06 Nov 2023 21:00:00 -0600 en text/html https://www.joplinglobe.com/region/national_business/pmi-survey-confirms-increased-salary-potential-for-project-professionals-who-earn-the-project-management-professional/article_c7694bcd-edb7-5b52-bda8-91059aea85de.html
PMI Survey Confirms Increased Salary Potential for Project Professionals Who Earn the Project Management Professional (PMP)® Certification

PMP® Certification Holders Earn 33% Higher Median Salary Than Non-PMP Certified Professionals According to PMI Salary Survey, Further Raising the Appeal of Pursuing Professional Certifications

Project Management Institute (PMI) today released the 13th edition of its "Earning Power: Project Management Salary Survey," which reveals the global project management salary landscape and highlights the importance of continuous education and skill building to stay ahead in today's job market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107680202/en/

According to the survey, respondents holding the Project Management Professional (PMP)® certification reported higher median salaries than project management practitioners without a PMP certification – 33% higher on average across the 21 countries surveyed. This report is a useful resource for professionals applying for project management roles and organizations seeking to fill them as it helps define the earning power of project professionals around the world.

About two-thirds (66%) of the survey participants reported that their total compensation (including salary, bonus, and other cash incentives) increased over the 12 months before completing the survey. The data also shows a broad consensus that the PMP certification is valuable not only for salary growth but also for career development. For example, in the United States, 55% of practitioners agreed that their PMP certification has been extremely valuable to their career development. To further demonstrate these points, in this video, PMP certification holders discuss the financial benefits they have realized through earning their certifications.

The survey data shows that the median salary of project professionals varies considerably from country to country and across variables. Salary information has been converted to U.S. dollars using normal exchange rates:

  • The countries where project practitioners report the highest median salaries are the United States (US$120,000), Australia (US$103,789), Germany (US$99,512), United Kingdom (US$87,993), and Singapore (US$79,464).
  • Salary increases with higher positions in virtually all countries, but the rate of increase varies significantly. The most dramatic increases are seen in Saudi Arabia, South Africa, and The United Arab Emirates, where respondents demonstrated increases of more than 60 percent in median salary from project manager I to project manager III.
  • There appears to be a connection between salary and the size of projects managed, where most countries demonstrate higher median salaries among practitioners managing larger projects. For example, in Brazil, the median salary is reported to be US$26,507 when the project budget is less than US$100,000 and US$48,121 when the project budget is greater than US$10 million.

While there can be a monetary advantage to earning the PMP certification, there are other benefits, including the fact that certified project professionals are in significant demand across industries and geographies, and hiring managers are recognizing the value of industry certifications and skills-based hiring. Additionally, earning the PMP certification proves professionals have the skills needed for project success, which helps them break into an industry they are passionate about, empowering them to build a career around their passion. Maintaining the PMP certification proves professionals' commitment to continuous learning, which is especially important as emerging technologies are becoming part of everyday business.

"This reported increase in compensation is a true recognition of the impact PMP-certified project professionals deliver in their daily work. Organizations are relying on project teams to make strategic priorities happen, and project managers are being rewarded for the pivotal skills they offer," said Pierre Le Manh, PMP, President & Chief Executive Officer at PMI. "Earning potential is a major factor when making career choices, and organizations across the world acknowledge the depth of knowledge and expertise that PMP-certified project managers bring to the table. Becoming part of this globally recognized PMP-certified cohort sets you apart."

A global summary report and interactive salary tool are available here. PMI members can access a more comprehensive report featuring annualized salary information for the 21 countries surveyed.

About the Report

PMI's biennial report, "Earning Power: Project Management Salary Survey," is an industry-leading source of data for both project practitioners and organizations who want to stay current with the salary landscape for today's project professionals. The report is based on self-reported salary information fielded between March and April 2023 from more than 20,000 project management practitioners, bringing accuracy to the salary figures. The stratified random sampling methodology used for this study results in the ability to report meaningful compensation data for 21 countries.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With more than 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.PMI.org, linkedin.com/company/projectmanagementinstitute, facebook.com/PMInstitute, and on X @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tue, 07 Nov 2023 01:00:00 -0600 en text/html https://www.benzinga.com/pressreleases/23/11/b35649577/pmi-survey-confirms-increased-salary-potential-for-project-professionals-who-earn-the-project-mana




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