PMP Project Management Professional - PMP (PMBOK 6th Edition)
Analytical skills
Benefit analysis techniques
Elements of a project charter
Estimation tools and techniques
Strategic management
Change management planning
Cost management planning, including project budgeting tools and techniques
Communications planning
Contract types and selection criteria
Estimation tools and techniques
Human resource planning
Lean and efficiency principles
Procurement planning
Quality management planning
Requirements gathering techniques (e.g., planning sessions, brainstorming, and focus groups)
Regulatory and environmental impacts assessment planning
Risk management planning
Scope deconstruction (e.g., WBS, Scope backlog) tools and techniques
Scope management planning
Stakeholder management planning
Time management planning, including scheduling tools and techniques
Workflow diagramming techniques
Continuous improvement processes
Contract management techniques
Elements of a statement of work
Interdependencies among project elements
Project budgeting tools and techniques
Quality standard tools
Vendor management techniques
Performance measurement and tracking techniques (e.g., EV, CPM, PERT, Trend Analysis)
Process analysis techniques (e.g., LEAN, Kanban, Six Sigma)
Project control limits (e.g., thresholds, tolerance)
Project finance principles
Project monitoring tools and techniques
Project quality best practices and standards (e.g., ISO, BS, CMMI, IEEE)
Quality measurement tools (e.g., statistical sampling, control charts, flowcharting, inspection, assessment)
Risk identification and analysis techniques
Risk response techniques
Quality validation and verification techniques
Active listening
Applicable laws and regulations
Benefits realization
Brainstorming techniques
Business acumen
Change management techniques
Coaching, mentoring, training, and motivational techniques
Communication channels, tools, techniques, and methods
Configuration management
Conflict resolution
Customer satisfaction metrics
Data gathering techniques
Decision making
Delegation techniques
Diversity and cultural sensitivity
Emotional intelligence
Expert judgment technique
Facilitation
Generational sensitivity and diversity
Information management tools, techniques, and methods
Interpersonal skills
Knowledge management
Leadership tools, techniques, and skills
Lessons learned management techniques
Meeting management techniques
Negotiating and influencing techniques and skills Organizational and operational awareness
Peer-review processes
Presentation tools and techniques
Prioritization/time management
Problem-solving tools and techniques
Project finance principles
Quality assurance and control techniques
Relationship management
Risk assessment techniques
Situational awareness
Stakeholder management techniques
Team-building techniques
Virtual/remote team management
Marking
1. Initiating 13%
2. Planning 24%
3. Executing 31%
4. Monitoring and Controlling 25%
5. Closing 7%
Total Number of Scored Questions 175
Total Number of Unscored (Pretest) Questions 25
Total Number of Questions 200
Project Management Professional - PMP (PMBOK 6th Edition) PMI Professional learn
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Project Management Professional - PMP (PMBOK 6th Edition)
http://killexams.com/pass4sure/exam-detail/PMP Question: 86
DRAG DROP
An agile team is geographically separated across multiple continents, and the project manager of identifying the tools
to manage the communication among the virtual teams.
Drag the appropriate tool on the left to each project task on the right Answer: Question: 87
HOTSPOT
A project manager receives an update that the development flow is not going well. Some team members cannot start
their work because the delivery is late. Looking at the Kanban board and the work in progress (WIP) lines, the project
manager observes a bottleneck.
Click the title of the queue in the Kanban board below that requires additional resources to relieve the bottleneck Answer:
Explanation:
Diagram, rectangle
Description automatically generated Question: 88
A large project is affecting the neighborhood in which it is located. The neighbors are not satisfied with the project and
their resistance to the project may affect the project deadline
What two actions should the project manager take? (Choose two)
A. Send letters to the neighbors and ask them kindly not to disturb the project.
B. Set up a meeting with neighborhood representatives to win their cooperation
C. Analyze the situation and find out what is causing the neighborhoods negative attitude.
D. Ask the customer to extend the project deadline to allow time for conflict resolution
E. Ask the mayor of the city to use their authority to stop neighborhood resistance Answer: B,C Question: 89
The project manager is reviewing the program risks and issues with key stakeholders One of the stakeholders wants to
understand when the risk may potentially become an issue .
What artifact should the project manager share with the stakeholder?
A. Issue log
B. Project management plan
C. Risk management plan
D. Risk register Answer: D Question: 90
During the development of a product, the project manager observes conflicts between project stakeholders, resulting in
deliverable and output approval delays On which area should the project manager focus?
A. Revisiting the project management plan to ensure deliverables are on time
B. Increasing the frequency of project update meetings to keep stakeholders informed
C. Revisiting the stakeholder engagement plan, focusing on specific overlooked stakeholders
D. Reviewing the business case and identifying gaps within scope Answer: D Question: 91
A research and development department is planning to develop a product that will introduce a new line of business for
the organization.
What should the project manager do to increase the projects chances of success?
A. Plan a working session focusing on the scope, vision, and mission of the initiative
B. Start developing the project management plan based on a previous project template from the project management
office (PMO).
C. Conduct benchmarking to determine the business viability of the initiative
D. Conduct an impact analysis of the new initiative to determine how the project should be rolled out Answer: A Question: 92
A companys CEO has just returned from a conference on the use of artificial intelligence (Al) and would like the
project manager to implement this technology in the organization.
What should the project manager do first?
A. Start developing a business case.
B. Start a strengths, weaknesses, opportunities and threats (SWOT).
C. Engage stakeholders and allocate resources
D. Gather requirements from stakeholders Answer: A Question: 93
After gathering all the requirements for a project with dependencies on external stakeholders, the project team is
finishing the second iteration At this point, the project manager learns about a possible change in regulations that
would prevent the product launch
What should the project manager do to realize benefits?
A. Add an entry in the risk log
B. Implement the changes
C. Review target benefits.
D. Improve the teams velocity Answer: B Question: 94
Some of the mote experienced members of a project team have complained about the project manager. The senior
project team members feel that the project manager is micromanaging them and preventing them from completing their
work.
What should the project manager do when made aware of these issues?
A. Ask for advice on how to be a better mentor to these team members.
B. Set up a team building event to bring synergy back to the project team.
C. Adjust the project managers management style to better fit senior team members.
D. Meet daily with each senior team member to monitor project status Answer: B Question: 95
During the implementation of a project the project team discovered a new opportunity After an internal review the
project team agreed that the opportunity is outside of the project scope. The project manager decided to update the risk
register and escalate the opportunity to a higher level
What should the project manager do next with this opportunity?
A. Share this opportunity with another project
B. Establish a contingency reserve to support the opportunity
C. Further monitor the opportunity
D. No more action is required Answer: B Question: 96
While reviewing prototypes, the quality team found some deviations that do not affect the mam functionality but have
the potential to be an issue in the future To avoid major problems in the future, the team recommends corrective
actions that will require additional funds. The project is already struggling to stay on budget and has even used some of
the contingency reserves
What should the project manager do?
A. Ask the product designer why the deviation was not considered in the design phase
B. Report to the project sponsor that the product is working and the project is struggling with the budget.
C. Evaluate and initiate the change request process with the stakeholders
D. Ask the quality team to discard the demo and test again with a new sample Answer: C Question: 97
A senior business stakeholder with many years of experience is pressuring an agile team to deliver most of the
promised functionality to the customer 18 months in the future as opposed to multiple, incremental deliveries over the
course of the 18 months.
What should the project lead do next?
A. Schedule meetings with the customer to determine their ability to support multiple incremental deliveries
B. Work with the agile team to schedule the incremental deliveries to enable delivery of business value sooner to the
customer.
C. Work with the stakeholder to understand what the concerns are while at the same time conveying the benefits of
incremental deliveries
D. Provide details of the concern to the agile team and adjust their goals and release plans to conform to the
stakeholders request. Answer: C Question: 98
A project for a new product launch is in a very initial stage and the requirements are evolving Due to stiff competition
in the market, the customer would like to launch the product keeping the scope flexible. The project team intends to
start the work based on the forecast of a similar project delivered last year
Which project approach suits the scenario?
A. Execute it as a Scrum project
B. Execute it as a predictive project
C. Execute it using the same approach as the reference project
D. Execute it as a project with stage gates Answer: A Question: 99
A project manager realizes that a project is becoming delayed because some key decisions are affected by
contradicting views between the organizations senior management and external stakeholders .
What should the project manager do?
A. Review the stakeholder register and ensure that communications are being followed in line with the communications
management plan.
B. Isolate the project team from external factors such as senior management and stakeholders so that decisions can be
made more quickly
C. Review the remaining scope and rebaseline the projects schedule to take into account delays in decision making
D. Review the adequacy of the projects governance and ensure that an appropriate structure is in place Answer: A
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https://killexams.com/exam_list/PMIPMI: Professional Associations Can Help Youth Overcome AI Anxiety
Emma Okonji
Project Management Institute (PMI) has assured youths of overcoming the anxiety created around Artificial Intelligence (AI) technology, which has kept most youths panic about their future jobs.
Youth Lead, sub-Saharan Africa at Project Management Institute, Joanna Baidu, who gave the assurance, said concerns around the use of AI, from its potential misuse and ethical implications to the balance of innovation versus disruption, had been swirling since ChatGPT went mainstream.
According to him, there is great unease at the thought of AI replacing jobs. Investment bank Goldman Sachs predicts that 300 million jobs will be lost or degraded by AI. The World Economic Forum found that the global economy will shed 14 million jobs over the next five years as the economy weakens and companies boost the adoption of AI technologies.
He however said students across various educational institutions have good reasons to be anxious, while citing the report of the Institute of the Future, which said 85 per cent of the jobs that would exist in 2030 haven’t been invented yet.
“While it is easy to speculate about the types of jobs automation will make obsolete, it is with no certainty that we can make any assumptions. An Elon Musk tweet from 2018 balances the argument. He tweeted, “Excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated.” Baidu
said,
According to him, “Regardless of which way the pendulum swings and which jobs AI swallows, it is prudent that the youth commit to lifelong learning and up-skilling. Joining a professional association is strongly recommended for students and early career professionals. Staying informed about trends, access to learning resources, and being intentional about professional development will provide the youth the head start to prepare for the future of work.”
He further said: “There is no denying that AI will profoundly impact the future of work. Tech innovations of the past decade have already made bank tellers, cashiers, telemarketers, and travel agents relics of the past. Generative AI holds the potential to take over segments of marketing, copywriting, design, customer support, legal work, etc. It remains aware of its limitations, though, and believes that ‘jobs that require a high degree of creativity or interpersonal skills are less likely to be replaced by AI.’ These skills are innate to project managers.”
PMI’s Talent Gap predicts an increase in the number of jobs requiring project management-oriented skills from higher demand due to economic growth and retirement rates.
Wed, 31 May 2023 12:26:00 -0500entext/htmlhttps://www.thisdaylive.com/index.php/2023/06/01/pmi-professional-associations-can-help-youth-overcome-ai-anxiety5 Best Personal Project Management Software - Ultimate GuideNo result found, try new keyword!The software should also have a short learning curve and not ... In general, project management software helps people to concentrate, minimize anxiety, and attain their personal and professional ...Wed, 24 May 2023 10:50:00 -0500text/htmlhttps://www.newsobserver.com/software-business/article275757586.htmlProject Management
The certificate in Project Management will prepare students to be effective contributors and leaders in today’s contemporary business world. Project-oriented work makes up the bulk of managerial activity in today’s organizations with multi-dimensional and increasingly complex projects being the norm. This certificate program will be of interest/value to students and employees of all business functions as project improvement initiatives are prevalent in all business disciplines (finance, accounting, marketing, operations, MIS, etc.).
The free-standing Certificate Program is comprised of nine graduate credit hours consisting of MBA 616, MBA 695, and one of two electives: MBA 617 or MBA 665. Note that the nine credit hours do not include any prerequisites that must be satisfied for specific courses. Prerequisites have equivalent courses offered at the undergraduate level. Transfer hours may be used toward prerequisites but not toward any of the nine credit hours required for the Certificate Program.
Curriculum:
MBA 616. Project Management for Professionals. 3 Hours. Project-oriented work makes up the bulk of managerial activity in organizations and consequently knowledge of project management principles is valued highly. This course offers a broad review of issues and approaches to contemporary professional project management useful for any MBA student and future manager. By focusing on the “PMBOK”, i.e., the body of knowledge as specified by the Project Management Institute (PMI), it also builds a foundation for students who wish to take the professional certification test for either the CAPM (Certified Associate in Project Management) or the PMP (Project Management Professional, which requires 4,500 hours of project management experience) certificates.* Prerequisite(s): MBA 611 and MBA 612.
MBA 665. System Analysis & Design. 3 Hours. Introduction to concepts and techniques for analyzing and designing systems. Appropriate activities will be performed and models created for the analysis and design phases of the development life cycle. Systems development project using a CASE tool. Prerequisite(s): MBA 660.
MBA 617. Business Process Improvement. 3 Hours. Study of the concepts and techniques of business process analysis and improvements as building blocks for all business improvement strategies, using a range of tools from simple process-mapping to computer-based process-modeling. Balancing technical/analytical and organizational/behavioral aspects of business process improvements are highlighted. The class will include a business process analysis/improvement project using a process modeling software. Prerequisite(s): MBA 611, MBA 612.
MBA 695. Individual Research - Project Management Experiential Application. 3 Hours. This certificate capstone independent study course requires the student to integrate/demonstrate project management theory and best practices with practical application by working on a real-world client project. Student projects are coordinated with the UD Center for Project Excellence. Students demonstrate through their selected project, their professional application of problem identification (systems analysis/business process analysis), project initiation, planning, execution, monitoring/control and closing. Students work with CPE teams or a student proposed project if approved by the course/CPE director.
*Note: PMI Certification Exams are administered/awarded by the Project Management Institute
Mon, 15 May 2023 13:07:00 -0500entext/htmlhttps://udayton.edu/business/graduate-academics/graduate_certificates/project_management.php7 Skills You Can Learn for Free To Raise Your Salary
Antonio_Diaz / Getty Images/iStockphoto
So, you want to increase your income, but don’t want to drop another $40,000 on college?
Don’t worry. There are plenty of ways to grow your skills without spending a dime, and it can help you grow in your current position or even qualify for a promotion once you’ve practiced these new skills enough.
Whether you want to learn more about technology, learn to write better or simply gain a valuable skill for your job, there are great online platforms that offer free training to help you do just that.
Computer programming touches nearly every part of our lives. From cell phone apps, to internet services, to the vehicles we drive, programs run the world. And learning to code can be a fast way to level up your technology skills and your salary.
Several places offer free coding classes, including Code Academy, Code Camp and even Google. You can start at any skill level and work your way into more advanced coding classes.
Even if you never become a programmer, understanding how to code can make you a great program manager at a tech company or a sales engineer who can help bridge the gap between the management and engineering teams. These jobs pay quite a bit and could quickly boost your salary.
Learning a second language has many benefits, and one of them could be the ability to manage teams that speak different languages. The ability to translate program requirements or instructions to teams that speak different languages can make you a very valuable asset at any company.
There are several free ways to learn a new language, with apps like Duolingo available directly on your mobile device. You can practice at your own pace and learn the language in a natural, conversational way. Plus, learning a second language may open you up to job opportunities that require speaking two languages, with less competition than a traditional job.
Learn Graphic Design
Marketing is becoming increasingly visual, and learning how to design beautiful marketing materials can help you increase your income quickly. While you used to need to know complicated design software, apps such as Canva make graphic design simple and quick.
With Canva, you can start with a template and quickly drag-and-drop elements to design brochures, advertisement visuals and more. If you work in marketing, learning graphic design can open up a world of opportunities to increase your salary and have fun designing new things for your company.
Learn To Write Better
Writing is a very valuable skill. Whether it’s effective communication via email, writing marketing copy for an advertisement or creating a sales presentation, learning to write better can level up almost anyone’s income. There are free ways to learn to write better online.
Websites like Copyblogger offer a ton of free resources to learn all about copywriting, including email marketing, blogging, search engine optimization and more. For a more professional setting, LinkedIn has several free courses to learn about copywriting and even how to craft the perfect cover letter or resume. If you want to get noticed and increase your income, learning copywriting is a huge advantage.
Learn Social Media Management
Many companies now have specialized teams to manage their social media presence, which can consist of many tasks, including content creation, videos, copywriting and more. If you have a knack for posting on social media, you might already have a valuable skill that companies will pay very well for.
But if you want to level up your social media skills to earn more money, there are several free places to learn how to do this online. Hubspot has a free Social Media Certification course to provide you a complete rundown of how to build a successful social media strategy. This valuable skill can propel your salary and land you some great marketing jobs in the future.
Get Better at Microsoft Excel
Microsoft Excel has been around for a long time, but this time-tested tool is still a great way to organize data and model financial information, along with thousands of other use cases. Excel is a cornerstone skill that can be used at almost any job and can increase your effectiveness as a worker and leader within your company.
Microsoft has several free Excel classes you can take online, and online course platforms such as Udemy and Coursera also have great free courses. Once you become an Excel wizard, you can show off your skills by building effective spreadsheets that help you make better project decisions and let you negotiate a higher salary for your newfound skill set.
Learn Project Management
Most large companies have hundreds of projects, and those teams have project and program managers to keep team members on task. Project management can help companies organize large teams, set deadlines, control schedules and translate business requirements from one team to another. In other words, project management is a highly valued skill that can help a company deliver products and services.
While there are paid-for project management courses and certifications online, there are also free classes that allow you to learn project management skills. The Project Management Institute offers free eLearning courses at a beginner level, and Google also offers a free course through the Coursera platform. Gaining project management skills can provide you a great salary bump and accelerate your career.
Bottom Line
Once you’re out of college and into your career, it doesn’t mean you are done learning. Learning new skills should be expected as you level up your experience and look for ways to increase your income. While more college classes can certainly help, there are tons of free online resources that help you gain valuable skills that can increase your income right now.
If you are wanting to grow your salary and your skill set, look no further than free online classes. Even better, doing some freelance work on the side can help you gain experience and boost your resume even further.
Wed, 24 May 2023 00:24:00 -0500en-UStext/htmlhttps://www.aol.com/finance/7-skills-learn-free-raise-120016044.htmlCheetah Learning Launches New Referral Program to Address Growing Need for Certified Project Managers
Project management professionals crucial to American business success
PHOENIX, May 9, 2023 /PRNewswire/ -- Cheetah Learning, a leader in Accelerated test Prep for the Project Management Professional (PMP)® exam, today announced the launch of its new referral program designed to help close the PMP workforce gap expected by 2030 and the associated potential loss of $346 billion in the U.S. Gross Domestic Product. The new program is designed to attract more people to this important field and reward customers who refer Cheetah Learning's test prep services to others.
Cheetah Learning is the two decades-long industry leader in Accelerated test Prep for the Project Management Professional (PMP)® exam. Cheetah students culminate their four-day intensive accelerated learning program by taking and passing the Project Management Institute’s PMP® exam. Cheetah students are guaranteed to pass the PMP® test by following Cheetah’s program. Worldwide, there are nearly 80,000 Cheetah Alumni. PMP® is a registered trademark of the Project Management Institute. (PRNewsfoto/Cheetah Learning)
In a 2021 report, the Project Management Institute (PMI) -- the leading association for project professionals and changemakers -- forecasts a global need for 25 million new project management professionals by 2030. PMI also warned that the gap could result in a possible loss of up to USD$345.5 billion in global GDP by 2030.
According to UK-based Wellington and its 2020 report on the State of Project Management, 71 percent of PMs surveyed believe the perceived value of their role is increasing, up from 55 percent just a few years ago. In a 2020 PMI Report, 51% of the companies surveyed said they require candidates to be certified in order to fill project management roles.
"Project management is a crucial business function today and expected to expand in the coming decade," said Cheetah Learning CEO Michelle LaBrosse, PMP, CCPM, RYT. "Our Accelerated test Prep for PMPs helps deepen learning and readies students not only for the exam, but for a successful career ahead. This new referral program is designed to reward our customers for spreading the word about our training courses, and we hope it also fuels the funnel to meet the future needs of American business."
Those who make referrals can earn $100 to $300, depending on the classes in which the new students enroll, as follows:
The Certified Cheetah Leadership program is designed to help people advance in their careers as leaders by mastering skills, including creating high-performing project teams, accelerating project timelines, increasing return on effort, and removing barriers to career advancement. Those who refer students to this program can receive a $300 gift card and receive 1,500 Cheetah points (they can use these for discounts on Cheetah courses at $1 per point).
Cheetah test Prep with the PMP® course is an intensive four-day accelerated learning experience that readies students for achieving any goal. This program demonstrates students have mastered accelerated learning by having them pass the PMP test after only four days of preparation. Those who refer students to this program receive a $200 gift card and 1,000 Cheetah points.
The Cheetah Agile Certified program teaches the fundamentals of Agile project management with an accelerated completion twist that leverages accelerated learning. This can be applied in a variety of industries. Those who complete the course are Cheetah Agile Certified and qualified to lead as Agile project managers. Those who refer students to this program receive a $100 gift card and 500 Cheetah points.
The referral offer is available for a limited time.
The referral program is simple and easy to use. Current and former students can refer their friends, family and colleagues to Cheetah Learning using a unique referral link provided to them. When the referred person registers for a Cheetah course, the referring customer will receive an electronic gift card as a thank you for their support.
"Healthcare organizations and government desperately need more certified project managers," said LaBrosse. "This referral program will attract more students to fill the ranks of PMPs, which will help, not only their careers, but the industries in which they work."
About Cheetah Learning Cheetah Learning is the two decades-long industry leader in Accelerated test Prep for the Project Management Professional (PMP)® exam. Cheetah students culminate their four-day intensive accelerated learning program by taking and passing the Project Management Institute's PMP® exam. Cheetah students are guaranteed to pass the PMP® test by following Cheetah's program. Worldwide, there are nearly 80,000 Cheetah Alumni. PMP® is a registered trademark of the Project Management Institute.
Tue, 09 May 2023 02:17:00 -0500en-UStext/htmlhttps://finance.yahoo.com/news/cheetah-learning-launches-referral-program-141100745.htmlA Career with a Project Management Certificate Creates Value
Skilled project management professionals are proving to be a tangible asset to organizations, and employers are acknowledging their contribution directly to the bottom line. The Project Management Institute (PMI) reports that companies worldwide experienced an 11.4% loss of investment in 2020 due to poor project performance. The project manager role is predicted to continue increasing in significance and certified Project Management Professionals (PMP)® are uniquely positioned for the ride. The value created by PMPs doesn’t just extend to their organizations. It’s also personal. Professionals who strengthen their careers with a project management certificate earn a 32% higher salary on average in the United States, according to recent findings by the PMI. That’s an added bonus for those with PMP certification, as over half of those surveyed by PMI for its biennial report saw an increase in their total compensation for the year.
PMI is now projecting a 13.6% growth rate for the PM labor force between 2019 and 2030. In response to a global shortage of project talent, 2.3 million people will be required to enter the field every year to meet demand.
This exponential growth period will bring millions of Project Management Professionals worldwide to the following key industries:
Manufacturing and Construction
Information Services and Publishing
Finance and Insurance
Management and Professional Services
PMI estimates that by 2030, 25 million project management employees will be needed to meet global talent demands. Bolstering a career with a project management certificate is one of the best ways to meet this rising demand and ensure a higher salary.
Employers worldwide consider PMP certification to be the industry standard because the knowledge, skills and experience required for the certificate are transferable across trades around the world. Project management certification is often listed as a job requirement for PM-related careers. At Purdue, the online Project Management Essentials and PMP test Preparation courses are led by instructors who are experts in the subject matter they teach, and can help students pursue a valuable PMP credential.
Professionals in careers with a project management certificate are ideally positioned to succeed in the following roles*:
Job Title: Director of Project Management/Project Management Office (PMO)
Average Salary (US): $145,000
Job Description: The Director of PM/PMO leads, manages and supports all PM functions of an organization, including supervisory responsibilities of PM team members and administrative staff. This role requires the consistent execution and integration of current and proper PM practices as they relate to the strategic goals of an organization.
Related Skills:
15+ years of experience in project management-related roles
An in-depth understanding of PM functions and processes
Demonstrated experience leading a team
Goal-oriented with strong organizational and analytical skills
Job Title: Portfolio Manager
Average Salary (US): $140,000
Job Description: Depending on the size of an organization and the particular scope of its program(s), a portfolio manager may be responsible for analyzing investments related to one or more projects. Portfolio managers must also stay well-informed of current market conditions that have the potential to impact the fiscal health of a program, project, company or client. This role may require strategy development alongside other portfolio managers and executives.
Related Skills:
Proven ability to analyze the fiscal scope of a project
Extensive economic research experience
Exceptional understanding of compliance regulations
Proficiency in problem solving and time management
Job Title: Program Manager
Average Salary (US): $127,100
Job Description: The Program Manager is responsible for managing multiple programs or multiple projects within a program. This person may perform the supervisory duties of one or more project managers and their teams. Program Managers aid in the strategic development of an organizations program(s) and projects, and are thus largely responsible for program(s) results and ROI.
Related Skills:
Goal-oriented with a proven track record of fiscal responsibility
Excellent communication skills with a demonstrated strategic approach to program planning
Exceptional organizational abilities
Strong ability to multitask
Job Title: Project Manager I-III (0-10 years of experience)
Average Salary Range (US): $83,000 – $115,000
Job Description: The Project Manager is responsible for handling the scope, timeline and available resources of a particular project. The Project Manager supervises a project team and is accountable for the team’s performance. Meeting the fiscal goals of a project in an allotted time is crucial to a Project Manager’s success.
Related Skills:
Goal-oriented with demonstrated time management skills
Exceptional organizational abilities and communication skills
Strong ability to multitask
Proven ability to lead a team
Job Title: Project Management Specialist
Average Salary (US): $84,500
Job Description: The Project Management Specialist is responsible for a specific role of a project, like risk management or ensuring timeline accuracy. This person reports to the Project Manager and as such, is responsible for keeping their supervisor up-to-date on all progress and changes related to the project.
Related Skills:
Fundamental understanding of the project management process
Strong communication skills
Task-oriented with a demonstrated ability to adequately manage time.
Extremely detail-oriented
Job Title: Project Management Consultant
Average Salary (US): $120,000
Job Description: The Project Management Consultant is responsible for providing industry expertise as it relates to the objectives and profitability of an organization. This person consults with project management teams regarding the development and execution of a project’s budget and timeline. Maintaining current market knowledge is a critical aspect of this role, as the Project Management Consultant is often called upon to provide direction and advice to senior level staff.
Excellent communication and relationship-building skills
Proficiency in problem solving and time management
*Salary ranges are provided by PMI’s Earning Power: Project Management Salary Survey, Twelfth Edition report and do not include self-employed averages.
Purdue University’s Online Project Management Series
Professionals who participate in Purdue University’s online project management series can gain a wealth of field knowledge, solid foundational skills, and exceedingly effective preparation for the PMP test in order to obtain a project management certificate. Course materials and activities align closely with A Guide to the Project Management Body of Knowledge (PMBOK® Guide) to help students retain project management knowledge and apply it to their current projects.
Project Management Essentials This 100% online, instructor-led course runs for eight weeks and allows working professionals to gain familiarity with basic project management concepts and terms. Students are empowered to begin effectively applying their newly acquired knowledge and skills to current projects and earn project management hours that can help qualify them to take the PMP exam. Experienced PME instructors engage students in a stimulating range of learning activities including directed study of the PMBOK® Guide; participation in online threaded discussion forums; viewing recorded lecture videos; taking quizzes and self-tests; and completing written assignments. They also participate in online discussions and welcome the opportunity to coach interested students on an individual basis via email or scheduled phone appointment.
PMP test Preparation This 100% online, instructor-led course is for project managers with a minimum of three years’ experience and assumes prior knowledge of the PMBOK® Guide. PMI’s 180-question, multiple-choice PMP test is demanding, and students must engage in independent study following the course to pass the PMP exam.
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Tue, 09 May 2023 12:00:00 -0500entext/htmlhttps://www.purdue.edu/projectmanagementcertification/news/careers-with-a-project-management-certificate/IMA's new chief has major plans for attracting more accountants
Michael DePrisco took over as president and CEO of the Institute of Management Accountants in early April, and he is hoping to expand the reach of the organization and its Certified Management Accountant credential as the accounting profession continues to experience a shortage.
He succeeded Jeff Thomson, who led the IMA for nearly 15 years as president and CEO. "Jeff's been a great partner," said DePrisco. "I've been working with him on ensuring a smooth transition. Jeff was at the helm for 15 years and really has done a wonderful job of helping IMA become a global organization. My priority as the new CEO is to ensure the long-term relevance and sustainability of the organization and, quite frankly, to ensure a leadership position globally for the next 50 to 100 years."
IMA president and CEO Michael DePrisco
He plans to focus on delivering value to the IMA's members and stakeholders. "If we're making an impact on the individuals we serve, in terms of helping them upskill and reskill, and add value to their organization's success, then we'll grow as an organization and I think that is the winning formula for us as we move forward. It's been 60 days, and I've spent a lot of time listening to the community — whether it's practitioners, academicians, volunteers, board directors, or our staff — I'm having a lot of conversations to learn about the organization and to learn about the opportunities that we see in front of us."
First he wants the IMA to add value to every member to support their careers and professional development. A second area of focus is on looking at the IMA's product portfolio and how to expand it to help members distinguish themselves.
"Beyond the CMA, what else do they need to further differentiate themselves in the area of skill building," said DePrisco. "What do they need, perhaps as younger professionals just getting started, who may not be ready to take the CMA? Are there things that we can offer them to help them learn the language, learn the profession and gain some credibility to help them get to that next level."
His third area of focus will be on the IMA's community. "We have a robust community of chapters and volunteers located throughout the world who are champions for IMA and who are really in a unique position to deliver value locally in their communities," said DePrisco. "I think that is a real differentiator for IMA. I want to make sure that we're doing everything we can to support them, help them and ensure that we have a dynamic and vibrant community moving forward."
Attracting young accountants
Both the American Institute of CPAs and the IMA have seen declines in the number of people entering the accounting profession. The Financial Times reported that the number of CPA test takers in 2022 was a little over 67,000, down from 72,000 in 2021 and short of the AICPA's forecast of 74,000, the lowest level on record. The IMA also saw a 5% decline in CMA candidates in the U.S. last year.
"I think that, generally speaking, most organizations are trying to crack the code when it comes to how to attract more young people to the profession," said DePrisco. "Certainly, I think the accounting and finance profession has that challenge. We see various articles and headlines around the declining enrollment in accounting programs, and in general the declining enrollment in colleges and universities and things of that nature. But at the end of the day, the accounting and finance profession is really integral to helping businesses work and function and how value gets delivered today. I do think it provides a very solid career opportunity for individuals."
He sees the challenge as making young people more aware of the opportunities that the accounting and finance profession affords them today and to look past the stereotypes about what an accountant does.
"We have to work through changing the perception of the profession and really demonstrating that accounting and finance professions are on the leading edge of what organizations are thinking about today, whether it's about how to optimize enterprise performance, how to mitigate risk, and respond to disruption, how to analyze data and turn data insights into actionable solutions, how to think about and report in a meaningful way on ESG-related matters," said DePrisco. "This is what management accountants do. They're on the front lines of helping organizations deliver value. That's the narrative that I think we have to be telling youngsters as they go through high school and college, and when they're considering various careers. That's something that the IMA is well positioned to do, with a large footprint in the academic space. We continue to invest heavily in student programs that raise awareness, that provide students opportunities to learn real skills, and experience what it's like to be in a corporate environment, whether it's through our student case competitions and other types of programs that we do. That's something that I really want to work with my team on relative to enhancing the brand, the reputation of the profession, and how we serve organizations worldwide."
One of the goals is to increase the number of students entering the accounting profession.
"The supply of accountants is just not meeting the demand, and there are a few reasons for that," said Dennis Whitney, senior vice president at the IMA. "Fewer students are majoring in accounting, and I think the problem is the perception of accounting. We need to show them that it's not just number crunching and checking that everything balances. It's also more strategic."
Some students and accountants are panic about their jobs being taken over by artificial intelligence programs.
"Some of the things that are happening now with AI, a lot of people talk about it as a threat to accounting, and I think it will eliminate some of the more mundane manual type tasks," said Whitney. "But actually, I think it's a great tool for the profession and will open up more interesting types of jobs, more strategic and decision-analysis type jobs. And I think if we can get that message across that being an accountant gives you the opportunity to be a business partner in a company, to help the company grow in a sustainable way. The second part of the equation is to show that accountants have a role in helping with sustainability. There's going to be a lot more reporting requirements on sustainability in the future, and accountants can help attest to the accuracy of that data. A lot of that data is not as clean as it is with financial data, so we can help with that. And then we can help a company make decisions on doing something that is more sustainable for the environment and for the company in the long term."
DePrisco is not an accountant himself, but he plans to leverage his background in education and management of a professional organization. He came to the IMA from the Project Management Institute, an association for the project, program and portfolio management profession, where he was operating officer and interim president and CEO starting in 2021. He worked with the PMI for a decade and prior to that was president of the Art Institutes, a group of art and design colleges. He served as campus president at three different Art Institute locations in the Mid-Atlantic region. Before that, he served as vice president of student affairs at Education Management Corporation.
"I've spent 30 years of my life and career in for-purpose organizations that are very much focused on helping individuals acquire skills, capabilities and competencies for personal professional growth, whether that was in a higher education environment, or whether that was at Project Management Institute, where I spent the last 10 years," he said. "I think that I bring a unique perspective from those different experiences to IMA, and I can help IMA accelerate some of their initiatives and plans relative to member acquisition, member retention, member value and so forth."
Rebuilding abroad
He sees the opportunity to help the IMA, which went through a strategic restructuring earlier this year and had an undisclosed number of layoffs, to transform further.
"Many organizations, not just IMA, coming out of the pandemic have been facing some headwinds relative to inflation, interest rate hikes and so forth where they're in a position where they realize that they need to make some challenging and difficult decisions relative to their staffing levels," said DePrisco. "Like many organizations, we did face a bit of a slowdown, mostly as a result of some of the challenges coming out of China, but other markets as well. We'll work through that. Our team is very much focused on the future. We feel very bullish and optimistic that the future's bright, and we have a team in place that's committed to making that happen. Some of the signals that we've seen from an economic and inflationary perspective suggest that the economy is unwinding from some of the challenges that we've been seeing, versus a bounce back or quick rebound, so we're planning accordingly. We're being very judicious in how we're looking at our spending and so forth, to ensure that we can maintain the staffing levels that we have today."
He acknowledged there have been some declines in membership, particularly in China. "If you look across our entire portfolio, membership is relatively flat, maybe declining a little bit, mostly due to some of the declines that we've seen in China," said DePrisco. "If you look at our membership trends regionally, we are seeing pretty much flat growth in the U.S. But in other parts of the world, we're seeing some really good growth, for example, in places like India, the Middle East, Europe and the Asia Pacific. So we remain optimistic that we have a really good value proposition to offer to the market, that we're offering individuals who join IMA an opportunity to not only get certified, but to be a part of a global community that values learning, networking and helping to lift the profession to new heights."
The dropoff in China seems to have been in part a result of the pandemic lockdowns keeping students and members from attending events. "Many of the lockdowns that occurred due to the pandemic really slowed down a lot of the training and testing availability," said DePrisco. "Now we're unwinding from that and slowly but surely getting the testing and training operations going again. We've seen some good signals. We're seeing China coming back relative to the number of people that are signing up to take the test, joining, renewing and so forth. But it's still down from where it was post COVID."
Among the areas of the world growing in membership are Dubai, Egypt, South Korea and India. "I just came back from Dubai, where I attended a chapter event where there were close to 400 individuals that showed up for a day of learning, networking and connection," said DePrisco. "Our Dubai chapter is one of the largest in our system and really doing some fantastic work. We've seen a lot of activity in Egypt, very much a lot of interest from students and young professionals in certification. We're working with our team on the ground in Egypt to generate opportunities for people to connect with chapter development. India is of course a big market with a strong chapter community there. We're seeing a lot of interest there from students and younger professionals who really see certification as a differentiator for them relative to career opportunities."
Certification growth
DePrisco plans to build on the IMA's certifications. "CMA is a 50-year-old certification," he said. "It's to me the gold standard for the professional management accounting area, and it's something that we will continue to move to focus on, invest in and ensure the long-term sustainability of that certification. We just completed a job task analysis where we looked at the curriculum, and based on feedback that we've gotten from experts around the world, we'll make some revisions and changes to the test curriculum to ensure that it's keeping pace with what's happening in industry. We're 100% committed to the CMA, but we've recognized that there's more that individuals want from IMA."
Some of the IMA's stakeholders have asked for entry-level types of fundamental courses and certifications they could earn before the CMA. For those that have a CMA, they are sometimes asked for other credentials so the IMA has been developing additional certifications in areas like data analytics, risk management, sustainability and diversity, equity and inclusion.
"We will continue to develop new offerings to meet those needs," said DePrisco. "We already have what I think are really one of a kind certificates in DE&I and sustainability best practices. We released a sustainability business practices certificate program last year. It's an excellent program. Anyone that has an interest in ESG and sustainability will get value out of that certificate. Our DE&I certificate is very much top of mind for a lot of organizations. It provides some really good information, scenarios and case studies for individuals to learn how to ensure their organization is diverse, equitable and inclusive."
As the new CEO of the IMA, DePrisco plans to take some of the lessons he learned while at PMI and apply them to the events at the IMA. "While at PMI, I had the opportunity to help that organization transform, and really think about how we could provide value to individuals in a changing professional association landscape, where people are looking for different ways to connect and affiliate," said DePrisco. "The model of perhaps coming together once a month and meeting in a certain city in a certain ballroom has been replaced by real-time meetings, whether they're virtual or in person, with digital delivery of products, services, knowledge and content. Even the landscape for events has changed. People seem to now favor more localized one-day drive-in events to take advantage of networking, learning, and content consumption, versus taking three, four or five days off and flying somewhere to attend an association type of experience. All of that is changing, and it requires professional associations like IMA to rethink the overall value proposition and how they can best serve stakeholders based on what they need and want today."
He noted that the IMA Women's Leadership Summit that recently took place in Nashville was a one-day event that attracted 200 individuals across the accounting profession to promote the role that women play in accounting and some of the challenges and opportunities the IMA sees for the profession. The IMA also hosts a Student Leadership Summit, a two-day event that brings hundreds of students from around the country together. The IMA events in China, India, the Middle East and Europe are also typically one- to two-day events.
The IMA plans to hold its conference next week in Minneapolis, where it's expecting approximately 600 to 700 attendees.
Mon, 05 Jun 2023 13:29:00 -0500entext/htmlhttps://www.accountingtoday.com/news/imas-new-chief-has-major-plans-for-attracting-more-accountantsBest Project Management Software In Canada For June 2023
To choose a project management software, consider each provider’s cost and added fees, overall features and functionality offerings, reporting, integration capabilities, necessary features vs. feature overload, customer reviews and customer support. In this section, we walk you through how to approach this assessment.
Essential Project Management Software Features
Project management software has basic features that most projects need to be successful. However, extra or unique features make some software options better for certain teams or businesses. It’s important to do your research to understand what unique features might make your project more successful based on your team approach, type of business or type of project. Some highly utilized project management tools and features include:
Budget planning tools. Budget planning tools allow you to upload your set budget, then track expenses and invoices to compare project costs to the planned budget. By tracking this variance, you can determine if you are running into a budgeting problem. Financial forecasting tools further help you to ensure you don’t run over budget or, worse, have to stop the project because of a lack of funds.
Resource management tools. Resource utilization tools allow you to plan, track and record where resources—such as your talent—are used in the project’s execution. In doing so, it helps to reveal gaps in availability or when certain team members are overused (risking burnout), then adjust resource allocation to prevent problems.
Task management features. Task management features include automations (that eliminate redundant tasks from to-do lists). Examples include automating invoicing, the identification of critical project changes and managing project workflows. Other task management tools include boards (to visualize moving tasks through their stages to completion), calendars, timeline views, scheduling, task tracking and task prioritization.
Risk management features. Common project risks include finishing over budget, with a lower-quality outcome than expected or not finishing on time. Many tools within a project management software can help you balance competing demands to finish the project as intended, including critical path charts, checklists, scheduling tools, cost breakdowns, cost variance reports and timelines.
Reports and charts. Project management software offers digital charts for planning, tracking and readjusting your projects’ timelines, budget and quality as needed. For example, Kanban charts show tasks on a timeline board and their status. Gantt charts also provide an overview of a project’s timeline complete with its phases, tasks and outputs. You can gather or feed data into these charts to update in real-time.
Mobile app. Mobile apps help teams easily track, manage and deliver project deliverables from anywhere, helping to ensure all members are always in the know no matter where they are. Real-time knowledge can help them make smart decisions that keep projects progressing as planned. Apps also offer personalized content so team members know the tasks, activities and milestones they must complete each day.
Integrations. Integrations help to boost a project management software’s performance and cater to your needs. Slack and Google Drive integrations, for example, allow team members to collaborate within the software on project deliverables. And, Stripe allows your team to invoice clients for deliverables. Many project management software offer hundreds or even thousands of integration options.
Client management tools. Many project management software offer various features for including your clients in the project’s execution, keeping them up to date on the project’s status and maintaining a professional relationship. Such tools include video-conferencing tools, invoicing and the ability to add clients as users to the project management software while maintaining control over what they can and cannot see.
Collaboration tools. Many project management platforms offer tools to help project execution team members work together seamlessly, even across locations. Some come in the form of integrations, such as Slack. Others, however, are built in. Such built-in tools often include shared calendars, group chats, document sharing, chat forums and team email.
Demos and team feedback. Project management software may have all the right features but, if your team isn’t comfortable with it, it may underperform in project execution. For this reason, many software programs offer demos your team can use to test them, even allowing you to pilot them in a real project. From there, you can gather team feedback to learn the software’s appropriateness for your team and needs.
Ease of Use
Look for tools and designs that can help your organization use the software easier, despite barriers such as little knowledge of best practices or a cumbersome number of tasks that must be completed on a daily basis. Choosing the right ease-of-use features for your organization depends on many factors, including your company’s tech-savviness and size. However, some ease-of-use features commonly used by small to mid-sized companies are:
Templates. Project management software templates incorporate project management best practices.
Learning materials and opportunities. Software knowledge bases allow project managers and team members to learn how to expertly implement the software’s features based on layman’s terms definitions, videos and more. Demos are another opportunity to learn via often live interaction with software experts who know how to present its features and answer questions in layman’s terms.
Automation. Automations make complex tasks instant and effortless by taking repetitive and often tedious tasks out of human hands. Less hands-on interaction makes the software’s involvement in project management easier to manage. Preset automation recipes make this ease-of-use feature even more intuitive.
Mobile apps. Logistically, mobile apps make using the software easier by facilitating the gathering and dissemination of necessary information and helping team members complete tasks in a timely manner. Project field practitioners, for example, can update pertinent information on a project’s status without having to hold up the project to go back to the office to input such data.
Reporting and Analytics
Reporting within project management software presents key data in a meaningful way to help you understand the success or needed improvements in your projects. The best project management software offer dashboards that break down data in the form of graphs, tables and the like to make gleaning insights from the data instant and intuitive.
Determine the types of key performance indicators (KPIs) you may need to track and the types of needed reports to help you track them. Then, when evaluating your considered software, explore its reporting and analytics options and dashboards to determine if they have what you need.
Common reports that may be helpful in a project management software include project status, health, team availability, risk, variance and timeline reports. Common KPIs include percentage of tasks completed, return on investment (ROI), schedule variance, planned vs. genuine hours and the planned project value.
Next, evaluate whether the software will continue to meet your needs by exploring whether you can customize the reports or dashboards to meet needs as they arise. Customization options may include the ability to add or remove columns or create new reporting views.
Customer Reviews
Customer reviews offer real-world insights into what it is like to use your considered software and do business with its provider. Search your considered software on tech review sites such as Capterra and TrustRadius. Read the reviews of past and current users. As you do, you are likely to learn the glitches the software experiences, hidden costs not highlighted on the provider’s website and how the software compares to competitor solutions.
Customer Support
Access to quality customer support ensures that should a glitch happen in the software, your entire project isn’t derailed. To learn more about your chosen provider’s customer support, search for it on review sites such as TrustRadius and look at the company’s plans to understand what will be available to you and when. Aim to at least ensure support will be responsive during your normal business hours and via the mediums your team is accustomed to using.
Business Size Considerations
As you look at the feature set, remember that startups have different needs in project management software than do large enterprises. For example, enterprise companies may need to manage projects with execution steps that span the globe, while startup projects are more likely to span one or two locations. Demos can help you determine what tools are useful for your organization’s size and which will unnecessarily create a steeper learning curve.
Though one software plan or tool may be best for your organization at your current size, those needs are likely to change as you grow. For example, as you grow, you may need a software or plan with greater automation capabilities to scale operations or greater file storage capacity. So, while it is important to choose a software without unnecessary features, it is equally important to choose one that will continue meeting your feature needs as they grow.
Mon, 29 May 2023 02:24:00 -0500en-CAtext/htmlhttps://www.forbes.com/advisor/ca/business/software/best-project-management-software/Services PMI® at 50.3%; May 2023 Services ISM® Report On Business®Just a moment...
Mon, 05 Jun 2023 02:13:00 -0500en-UStext/htmlhttps://technews.tmcnet.com/news/2023/06/05/9826408.htmProfessional association can help the youth overcome AI anxiety
From its Davos debut in January 2023, ChatGPT took just seven days to hit the one million user mark. According to a UBS report, it took Facebook 10 months and Twitter almost 25 months for the same. The conversational AI model ChatGPT, a nascent piece of technology then, is now being referenced as the new boogeyman. It’s not difficult to see why.
Concerns around the use of AI, from its potential misuse and ethical implications to the balance of innovation vs. disruption, have been swirling since ChatGPT went mainstream. There is great unease at the thought of AI replacing jobs. Investment bank Goldman Sachs predicts that 300 million jobs will be lost or degraded by AI. The World Economic Forum found that the global economy will shed 14 million jobs over the next five years as the economy weakens and companies boost the adoption of AI technologies.
Students across various educational institutions have good reasons to be anxious. According to the Institute of the Future, 85% of the jobs that will exist in 2030 haven’t been invented yet! While it is easy to speculate about the types of jobs automation will make obsolete, it is with no certainty that we can make any assumptions. An Elon Musk tweet from 2018 balances the argument. He tweeted, “Excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated.”
There is no denying that AI will profoundly impact the future of work. Tech innovations of the past decade have already made bank tellers, cashiers, telemarketers, and travel agents relics of the past. Generative AI holds the potential to take over segments of marketing, copywriting, design, customer support, legal work, etc. It remains aware of its limitations, though, and believes that “jobs that require a high degree of creativity or interpersonal skills are less likely to be replaced by AI.” These skills are innate to project managers.
PMI’s Talent Gap predicts an increase in the number of jobs requiring project management-oriented skills from higher demand due to economic growth and retirement rates. These trends will create a global need for 25 million new project professionals by 2030. If the roles are not filled, it could result in a possible loss of up to $345.5 billion in global GDP.
Regardless of which way the pendulum swings and which jobs AI swallows, it is prudent that the youth commit to lifelong learning and upskilling. Joining a professional association is strongly recommended for students and early career professionals. Staying informed about trends, access to learning resources, and being intentional about professional development will provide the youth the head start to prepare for the future of work.
Power or soft skills are one of the most essential skills a membership can help you sharpen. Being a member of an association opens avenues to volunteer. One can step into multiple “official” roles, such as youth ambassador and student coordinator, which will help develop power skills.
Having real-world experience using power skills to accomplish goals or overcome obstacles gives one a tremendous edge when job-hunting. There are associations or organisations that cater to nearly every type of profession. For project management, it is the Project Management Institute, a for-purpose, not-for-profit organisation.
At PMI, student members enjoy the same valuable benefits afforded to practitioners. Student members receive digital downloads of the latest PMBOK Guide, certification discounts, and access to tools and resources such as PMI’s Career Navigator, which supports career progression by creating a personalised plan. Student members also gain access to networking opportunities through various events and activities and instantly join a network of over 450,000 project professionals worldwide.
AI has the potential to disrupt life as we know it and destroy the work we do now. However, as a student, there are things you can do now to ensure you are prepared, build your professional equity, network, and find a mentor. Membership in an association can do all that and provide you the comfort of being part of a larger community with common interests.
Baidu is youth lead, Sub-Saharan Africa, Project Management Institute
Sun, 04 Jun 2023 13:29:00 -0500Joanna Baiduen-UStext/htmlhttps://businessday.ng/opinion/article/professional-association-can-help-the-youth-overcome-ai-anxiety-2/
