Exam Code: PPM-001 Practice test 2023 by Killexams.com team
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Preparing for the Project Management Professional (PMP)® test can be daunting. With a wealth of PMP prep resources available across the internet, you might feel overwhelmed, uncertain or confused about which resources are the best.

Creating an effective personal study plan with goals and deadlines and using the best test prep resources will help to ensure your PMP certification success.

In this article, we share some strategies and PMP test prep resources to help you prepare to take the test. Options vary from short practice questions to PMP prep courses. Let’s dig in.

Prepping for Your PMP Exam

With the PMP test costing up to $555 per attempt, intentional preparation is critical for saving money, time and energy. The Project Management Institute (PMI) administers the PMP exam. PMI states that successful test-takers spend 35 hours or more on test prep.

The following considerations can help you pass the PMP exam on the first try.

Obtain Minimum Contact Hours

PMP candidates must complete at least 35 contact hours of formal project management education before they can take the certification exam.

You can build these contact hours through the following avenues:

  • PMI-authorized training partners
  • Employer/company-sponsored programs
  • Training companies or consultants (e.g., training schools)
  • Distance-learning companies, including an end-of-course assessment
  • University/college academic and continuing education programs

Create a Reasonable Test Timeline

Once you complete your contact hours, it’s time to set a test-taking timeline.

The American Psychological Association suggests stretching your study time over a more extended period to help you better retain information. For example, if you aim to complete 35 total hours of studying, it is better to study for three to four hours per week for nine to 11 weeks rather than 12 hours per week over three weeks.

Last-minute cram sessions can be helpful for short-term information retention, but spacing out your study sessions results in better recollection.

After you determine how long your preparation should take, schedule out study time and practice questions leading up to test day.

Take Practice Exams

Practice exams are a great way to track your progress and test how well you recall the test material. You don’t need to take the full 200-question test every time. Shorter, more focused tests can help you identify improvement areas and strengthen your knowledge of specific subjects.

Toward the end of your preparation period, make sure you are ready for test day by taking the paid, PMI-authorized practice exam. This practice test follows the same format as the PMP certification exam, giving you a true feel for the official test’s design, questions and time frame.

PMP test Prep Resources

The following resources, excluding PMI’s official Project Management Body of Knowledge Guide (PMBOK® Guide), are completely free and can be used for self-study and reference purposes.

PMI PMBOK Guide

The PMBOK Guide is the foundational resource for all things project management. It details the best practices, terminologies and guidelines that all project managers should know. The PMBOK Guide is a must-have resource for any project manager. It costs only $99 and is free to PMI members.

PMPPracticeExam.org

PMPPracticeExam.org is a free, no-frills resource that helps you prepare for the PMP exam. The site offers four practice PMP exams, each of which contains 50 multiple-choice questions covering three domains: people, process and business environment. This practice test reflects the same proportions found on the official PMP exam.

Each practice test is instantly scored and provides detailed explanations for questions answered incorrectly.

PM PrepCast

PM PrepCast offers a free, 120-question practice test. Each question connects to a specific project management knowledge area and domain. This resource includes a test-timer and a marking feature for self-review. If you are struggling to answer a practice question, you can use the hint button.

PM PrepCast also offers a project management test simulator for $149. This resource includes over 2,280 trial questions with detailed answer notes and helpful references to further your learning.

Project Management Academy

As a PMI-authorized training partner, the Project Management Academy offers a free 50-question training test to all users. The organization also features 2,000 additional practice questions for Project Management Academy students.

The Project Management Academy’s practice test is based on PMBOK Guide topics. Your test results include explanations for every answer. Keep in mind that to receive your test results, you must input your name and email address.

Quizlet

Quizlet’s user-created study set includes over 1,500 terms and definitions. Quizlet is free, does not require an account and offers multiple self-study options, including a flashcard feature.

With an account, you can use Quizlet’s term-matching feature. You can also generate a test that includes written-answer, multiple-choice, true-or-false and matching questions. If you want a more advanced learning experience, the Study Path feature uses your individual goals to create a study plan.

BrainSensei

BrainSensei offers two PMP training modules and a mini practice exam. This resource offers a seven-day free trial.

Each module uses an interactive slide deck and videos to teach project management concepts. The first module is an overview of project management, and the second focuses on initiating a project. Each unit offers self-assessment opportunities, which require users to drag and drop the appropriate vocabulary terms into their correct respective spaces.

Tests.com

This practice test resource is free and comprises 25 questions. Tests.com organizes its PMP practice questions into five sections, aligned with the five steps of the project life cycle: initiating, planning, executing, monitoring and controlling and closing. Each question is multiple-choice and includes a short description.

This resource is best for quickly testing your knowledge of the project life cycle.

Simplilearn

The Simplilearn practice test is free and based on the PMBOK Guide. It includes 200 multiple-choice questions. Test-takers have 240 minutes to complete the practice exam. They can pause and continue the test at any point and attempt the test as many times as they want.

Taking this lengthy test from beginning to end can help build your mental stamina in preparation for the real deal. Skillup by Simplilearn offers a free PMP basics course if you need more study time before taking the practice test.

Udemy

Udemy’s free PMP test prep course covers various introductory project management concepts. The five-unit course—plus one paid self-promotion unit—walks through each Topic using short video lessons that total just 1.5 hours.

The Udemy course can be helpful for those who are just starting project management careers or seeking more information about the PMP exam.

PM-Training

This free 200-question practice test uses Google Forms. Once the test is complete, your results include a final score and provide feedback that references specific sections of the sixth-edition PMBOK Guide.

Some practice questions address concepts covered in the PMBOK Guide, and some refer to Agile or adaptive methodologies. This test can deliver you a broad sense of the questions you’ll find on the PMP certification exam. Those interested in the PMI Agile Certified Practitioner test can benefit from this practice test as well.

PMP-TestPrep

Unlike the other free practice exams on this list, this resource offers three difficulty levels. The easiest level is not timed and gives instant feedback after each question. The second has a two-hour time limit and provides feedback at the end. The third and most difficult level limits your time on each question.

This test comprises 90 questions and explains the correct answers after submission. The test also shares your accuracy on each of the PMBOK Guide performance domains, helping you identify areas that might require more study time.

Tue, 24 Jan 2023 14:43:00 -0600 Brandon Galarita en-US text/html https://www.forbes.com/advisor/education/pmp-exam-prep/
Killexams : Best Project Management Certifications

Project management certifications have claimed a place in every top IT certification list for years. That’s because project managers are important to IT operations of all kinds. Whether you are interested in becoming an IT project manager or just want to add project management to your list of soft skills, these five leading certifications will help you add to or boost those skills and, in turn, increase your value.

If there’s a single set of soft skills that’s been fixed on the IT radar for the past decade or so, to the point where it’s become almost as sought after and every bit as valuable as top-level credentials, it must be project management. Thanks in large part to the immensely popular and widely pursued Project Management Professional (PMP) certification from the Project Management Institute (PMI), this area has become an incredibly valuable merit badge for IT professionals of all stripes. That’s because it enhances and expands on the value of just about any other kind of technical credential.

Project management has everything to do with planning, scheduling, budgeting for, and then executing and reporting on projects of all shapes and sizes. In fact, anything and everything that IT does can be understood or handled as a project of some kind. It applies to one-of-a-kind activities that happen only once or very seldom (think hardware or OS upgrades or migrating from older to newer platforms or infrastructures). Ditto for a recurring series of activities that repeat regularly (think security patches, software updates or other regular maintenance tasks). Thus, project management is incredibly important and valuable to IT operations across the board.

According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], IT professionals who hold a PMP report median base annual salaries in the U.S. of almost $116,000. The top 25 percent of survey respondents report base salaries of at least $139,000. Depending on such factors as complexity and size of projects, location, fields of expertise (e.g., IT, construction or healthcare), and experience, salaries for some PMP credential holders can be much higher still.

Robert Half’s Technology & IT 2019 Salary Guide lists project management as a hot certification, with salaries varying slightly by technology area. It cites a salary range of $93,000 to $157,500 for project managers in application development environments. Project managers engaged in consulting and system integration roles can expect to earn $96,250 to $163,500 nationwide. This explains nicely why PMP appears in nearly every top 10 list of popular, targeted or most desirable certifications since the early 2000s. It’s no surprise that Robert Half also lists the PMP credential, along with Agile and Scrum certifications, as “highly valued technology certifications” trending up in the IT industry.

To deliver you an idea of which project management credentials employers look for in prospective candidates, we conducted a quick survey on some popular job boards. Clearly, the PMP is the overall favorite and remains our No. 1 pick for must-have project management certifications. PMI’s entry-level project management credential, the CAPM, also made our top five. The CSM from Scrum Alliance, along with ASQ’s Certified Six Sigma Black Belt and Green Belt credentials, round out those picks. It’s also worth noting that job postings for project managers increased by 20 percent from 2018 across all project management certifications.

Job board survey results (in alphabetical order, by certification)

Certification SimplyHired Indeed LinkedIn Jobs LinkUp.com Total
CAPM (Project Management Institute) 593 718 1,187 381 2,879
CSM (Scrum Alliance) 3,550 4,916 9,286 3,052 20,804
CSSBB (ASQ) 998 1,231 1,817 848 4,864
CSSGB (ASQ) 1,205 1,457 1,966 842 5,470
PMP (Project Management Institute) 13,683 18,311 28,064 9,096 69,154

CAPM: Certified Associate in Project Management

CAPM: Certified Associate in Project Management

The same organization behind the more senior Project Management Professional (PMP) credential also backs the Certified Associate in Project Management (CAPM). In fact, the CAPM is properly considered a steppingstone credential for those who wish to attain PMP status by stages, rather than in a single giant leap. That’s why PMI describes the CAPM as a “valuable entry-level certification for project practitioners” that is “designed for those with little or no project experience.”

The PMP requires three to five years of documented on-the-job project management experience, depending on the educational background of each applicant. On the other hand, the CAPM requires only a high school diploma and either 1,500 hours of documented on-the-job experience (about nine months of full-time work) or 23 hours of project management classroom training prior to taking the exam. The education prerequisite can be met by completing PMI’s Project Management Basics online course which costs $350 for PMI members and $400 for non-members.

Nor does the CAPM require continuing education (which PMI calls PDUs, or professional development units) as does the PMP (60 PDUs every three years) to maintain this credential. To recertify, CAPM holders must retake the test once every five years.

The CAPM is one of a small set of entry-level project management certifications (including the CompTIA Project+) that IT professionals interested in project management might choose to pursue. Remember, though, that it is just a steppingstone to the PMP.

Unless you work in a large organization where a project management team is in place that includes junior as well as senior positions, the CAPM by itself 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 job role or who want to grow into full-time project management.

CAPM facts and figures

Certification name Certified Associate in Project Management (CAPM)
Prerequisites/required courses High school diploma, associate’s degree or global equivalent, plus 1,500 hours of project management experience or 23 hours of project management education

Certification valid for five years; candidates must retake test to maintain credential.

Number of exams One (150 questions; 15 questions are unscored; three hours to complete)
Cost per exam Computer- or paper-based exams:

PMI member: $225 (retake $150)

Nonmember: $300 (retake $200)

Exam available in online proctored or center-based test (CBT) formats.

Exam administered by Pearson VUE.

URL www.pmi.org/Certification/Certified-Associate-in-Project-Management-CAPM.aspx
Self-study materials PMI maintains a list of self-study materials on its exam guidance webpage, including the Exam Content Outline [pdf], trial exam questions [pdf] and the CAPM Handbook [pdf].

Numerous books are available, including:

A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

CAPM test Prep, Third Edition, by Rita Mulcahy, Sept. 2013, RMC Publications, ISBN-10: 1932735720, ISBN-13: 978-1932735727

CAPM/PMP Project Management Certification All-in-One test Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

CSM: Certified ScrumMaster

As companies seek to deliver more for less, many adopt Agile methodologies to streamline processes, build quality into products and ensure that final builds meet customer requirements. As Agile methodologies have become more popular, it’s no surprise that we see increased demand for IT practitioners qualified to manage projects in Agile environments.

While different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from the Scrum Alliance. This nonprofit encourages adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 500,000 certified practitioners worldwide.

The Scrum Alliance provides a support system for Scrum practitioners, including Scrum Gatherings, 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 at the foundation, advanced, professional, elevated (guide) and leadership levels. Scrum Alliance certifications are designed for team members engaged in Scrum master, product owners and developer roles. The Scrum master and product owner tracks offer credentials at the foundation, advanced and professional levels which the developer track only offers a foundation and professional level cert.

  • 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) and Certified Scrum Professional (CSP)
  • Elevated or guide credentials: Certified Scrum Trainer (CST), Certified Team Coach (CTC) and Certified Enterprise Coach (CEC)
  • Agile Leadership: The Scrum Alliance also offers the Certified Agile Leadership (CAL) program, a credential based on a combination of education and validated practice. There are two credentials – the Certified Agile Leadership I and Certified Agile Leadership II.

For project managers getting started as Scrum practitioners, the CSM makes an excellent entry-level credential. Not only must candidates demonstrate an understanding of Scrum principles and values, but they’ll learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with multiple resources, plus checklists and information about the servant-leader role of the Scrum master.

Certified ScrumMaster facts and figures

CSSBB: Certified Six Sigma Black Belt

Globally recognized, ASQ certifications attest to candidate expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. Currently, ASQ offers 18 credentials, three of which specifically target project management: the Certified Six Sigma Black Belt (CSSBB) (expert level), the Six Sigma Green Belt (CSSGB) (professional level) and the Six Sigma Yellow Belt (CSSYB) (entry level).

The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB aims at 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. In addition to passing a comprehensive exam, candidates must complete two projects that employ Six Sigma tools and processes, resulting in project improvement and a positive financial project impact. An affidavit is also required to attest to the veracity of the project. Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need only complete one Black Belt project.

CSSBB candidates are expected to demonstrate mastery of the 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, failure mode and effects analysis, 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 DVX, robust designs)

The CSSBB is valid for three years. To recertify, candidates must earn 18 recertification units or retake the exam.

CSSBB facts and figures

Certification name Certified Six Sigma Black Belt (CSSBB)
Prerequisites/required courses Two completed projects with signed project affidavit, or one completed project with signed affidavit plus three years of experience in one or more areas of the Six Sigma Body of Knowledge
Number of exams One: computer-based (165 questions, 4.5 hours) or paper-based (150 questions, 4 hours)
Cost per exam $438 members, $538 nonmembers (retakes $338)

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-black-belt
Self-study materials ASQ maintains a comprehensive list of test prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

CSSGB: Certified Six Sigma Green Belt

The Certified Six Sigma Green Belt (CSSGB) by ASQ is a 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 should 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. In addition, work performed must have been in at least one of the Six Sigma Green Belt Body of Knowledge competency areas.

In addition to work experience, candidates must pass an test 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 methodologies)
  • Define Phase (project identification, customer voice, project management basics, management and planning tools, project business results, team dynamics and performance)
  • Measurement Phase (process analysis and documentation, probability and statistics, statistical distributions, data collection, measurement system analysis, process and performance capability)
  • Analyze Phase (exploratory data analysis, hypothesis testing)
  • Improve Phase (design of experiments, root cause analysis, lean tools)
  • Control Phase (statistical process control, control plan, lean tools for process control)

Overall, this is an excellent credential for those who have some experience but 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/required courses Three years of experience in one or more of the Six Sigma Green Belt Body of Knowledge areas

Experience must be a full-time paid position (internships do not meet the experience requirement)

Number of exams One: computer-based (110 questions, 4.5 hours) or paper-based (100 questions, 4 hours)
Cost per exam $338 members, $438 nonmembers; retakes cost $238

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-green-belt
Self-study materials ASQ maintains a comprehensive list of test prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

PMP: Project Management Professional

The Project Management Institute (PMI) not only stands behind its Project Management Professional certification, it works with academia and training companies to ensure proper coverage and currency in the various curricula that support this and other PMI credentials. Boasting more than 500,000 global members and 750,000 PMP certified professionals around the world, PMI’s PMP remains one of the most prestigious project management credentials available. (Note: The PMP’s precursor, the CAPM, is covered in an earlier section of this article.)

That’s why you can obtain college- and university-based PMP training from so many institutions. It’s also why you may sometimes find PMP coverage integrated into certain degree programs (often at the master’s degree level).

The PMP credential is coveted by employers seeking the most highly skilled project management professionals. Developed by project managers, the PMP certification is the highest level offered in PMI certifications. It is designed to ensure that credential-holders possess the skills and qualifications necessary to successfully manage all phases of a project, including initiating, planning, scheduling, controlling and monitoring, and closing out the project.

PMP certified projects managers are also well versed and skilled in managing all aspects of the triple constraints – time, cost and scope. Employers depend on the skills of PMP professionals to manage budgets, track costs, manage scope creep, identify how changes to the triple constraints may introduce risk into the project, and minimize such risk to protect the project investment.

The standards for PMP certification are rigorous. Beyond passing a comprehensive exam, credential holders must first demonstrate and certify that they have the skills and education necessary to succeed in the project management field. Credential seekers should be ready to provide documentation for items such as education, projects worked on and hours spent in each of the five project management stages – initiating, planning, executing, monitoring and controlling, and closing out the project.

While it’s difficult to achieve, the rewards for PMP credential holders can be significant. According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition, PMPs in the U.S. earn an average of 23 percent more than their non-credentialed counterparts. The survey reports median salaries of PMPs in the United States at $115,000, as opposed to $92,000 for non-PMP certified project managers.

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

The PMP 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.

It should be noted that, after meeting the prerequisites, candidates are also required to pass a rigorous exam. Candidates must obtain an eligibility ID from PMI before they can register for the exam.

PMP facts and figures

Certification name Project Management Professional (PMP)
Prerequisites/required Courses Required courses: None

Prerequisite skills: Four-year degree, 4,500 hours in leading and directing projects, and 35 hours of project management education

OR

Secondary degree (high school diploma, associate’s degree or equivalent), 7,500 hours leading and directing projects, and 35 hours of project management education

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

Number of exams One (200 questions, 4 hours)
Cost per exam Paper* and computer-based exams:

PMI member: $405 (retake $275)

Nonmember: $555 (retake $375)

*Paper-based test only available if candidates lives more than 150 miles from testing center or if testing center is not available in the country of residence and travel would provide an undue burden.

Exam administered by Prometric. Eligibility ID from PMI required to register.

URL www.pmi.org/Certification/Project-Management-Professional-PMP.aspx
Self-study materials PMI maintains a list of training resources on the PMP test guidance webpage, including links to trial questions, the PMP test Content Outline [pdf] and the PMP Handbook [pdf]. Additional training materials (quizzes, publications, books, practice guides and more) are available from the PMI Store.

Numerous books are available, including:

Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

PMP test Prep: Accelerated Learning to Pass the Project Management Professional (PMP) Exam, Ninth Edition, by Rita Mulcahy; Feb. 1, 2018; RMC Publications Inc.; ISBN-10: 1943704040; ISBN-13: 978-143704040

CAPM/PMP Project Management Certification All-in-One test Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

Practice exams: PMP test practice test and Study Guide, Ninth Edition, by J. LeRoy Ward and Ginger Levin; June 28, 2018; Auerbach Publications, ISBN-10: 1138440299; ISBN-13: 978-1138440299

Beyond the top 5: More project management certifications

Project management is truly a white-hot area for both certification seekers and employers. Several other project management certifications are available, for general IT project management as well as software development project management.

Honorable mention goes to the Global Association for Quality Management (GAQM) project management certifications, such as the Professional in Project Management, Associate in Project Management and Certified Project Director. The Prince2 Foundation and Practitioner qualifications (featured in the 2017 top-five list) are also excellent credentials and worth honorable mention.

The CompTIA Project+ credential (featured in the 2017 top-five list and honorable mention in 2018) remains a well-known entry-level project management certification for those starting their project management careers. ASQ’s Certified Six Sigma Yellow Belt (CSSYB) is another entry-level credential worth exploring, particularly if you’re interested in eventually moving up to the more senior Green and Black Belt credentials.

Most graduate business, management and management information systems (MIS) programs offer project management training to students, and some offer certificate programs outside the project management organizations as well.

You’ll also find training and occasional certification around various project management tool sets. For example, some Microsoft Learning Partners offer courses on Microsoft Project, and you can find a dizzying array of project management packages on Wikipedia’s comparison of project management software page.

The CAPM and Project+ remain the best-known entry-level project management certifications, with the PMP as the primary professional target and capstone for would-be professional IT project managers. Don’t forget to consider PMI’s related certifications as well. For project managers seeking entry into the realm of Scrum, the CSM is the best entry-level cert for Scrum practitioners.

Sun, 22 Jan 2023 10:00:00 -0600 en text/html https://www.businessnewsdaily.com/10762-best-project-management-certifications.html
Killexams : How To Get PMP Certification: Is PMP Certification Worth It?

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

Project Management Professional (PMP)® certification can make you stand out against the competition in the field of project management. If you’ve wondered how to get PMP certification, know that you must first complete work experience, training courses and an exam.

But is PMP certification worth it? In this article, we’ll explore what it takes to get certified, how much you might have to pay and how PMP certification can help you level up your project management career.

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What Is PMP Certification?

Professional certifications verify your career skills and allow you to learn more about important concepts and industry best practices that can help in your day-to-day operations.

PMP certification is the most widely recognized in the world of project management. It’s available through the Project Management Institute (PMI), which publishes the Project Management Book of Knowledge (PMBOK). The PMBOK is the holy grail of knowledge when it comes to project management concepts.

PMP certification demonstrates a strong understanding of the concepts set forth in the PMBOK and other reference materials. This designation can help you distinguish yourself from your peers and gain respected credentials in your field. Along the way, you’ll learn about concepts like Agile, waterfall project scheduling, leadership and business management.

How to Sign Up for PMP Certification

The first step to earning PMP certification is to begin work in the field of project management. PMP certification requires months of work experience. Precise requirements vary depending on your level of education. If you have a bachelor’s degree, you’ll need 36 months of relevant project experience to qualify for the PMP credential. Without a degree, you must complete 60 months of experience.

If you have this work experience or are working toward it, the next step is to complete at least 35 hours of formal PMP training, also called “contact hours,” or hold a current CAPM certification. You can complete contact hours through a PMP certification course, which you may take online or in person. These courses take a few weeks to a few months to complete, and they teach the concepts you should understand before taking the PMP certification exam.

Below, we’ll discuss how to get a PMP certification in more detail, including prerequisites and PMP test costs.

PMP Certification Requirements

You must accomplish a certain amount of professional experience and formal training before you qualify for PMP certification.

If you have completed high school or an associate degree but not a bachelor’s, PMP certification requirements are as follows.

  • 60 months leading projects
  • 35 contact hours

If you have a bachelor’s degree, you must complete the following before pursuing PMP certification.

  • 36 months leading projects
  • 35 contact hours

PMP Cost

Most PMP certification training programs (through which you can earn your contact hours) range in cost from around $300 to around $3,000. Courses offered through well-known colleges and universities tend to cost more, but many also offer for-credit programs that result in undergraduate or graduate certificates. Consider a program that holds GAC accreditation when searching for courses. Free PMP certification training is available through some resources, but usually only for short trial periods.

To sit for the exam, the cost is $405 for PMI members or $555 for nonmembers.

PMP Time Commitment

How long does it take to get PMP certification? The most time-consuming part of the PMP certification process is completing the required work experience. Consider documenting your work experience as soon as you consider applying for PMP certification. Once you get that experience under your belt, the rest of the certification process involves studying and scheduling your test. The time spent on this step can be different for each individual, as well as dependent on location and testing center availability.

Most PMP certification training courses take only a few weeks to a few months to complete. After that, it’s up to you how much time you spend studying for the certification exam. Retakes cost $275 for PMI members and $375 for nonmembers, so it’s best to go into the test as prepared as possible.

PMP Renewal Costs

Once you’ve passed the PMP exam, you must complete a certain level of continuing education to keep your certification active. The renewal fee, due every three years, is $60 for PMI members or $150 for nonmembers.

Is PMP Certification Worth It?

To determine whether PMP certification is worth it to you, weigh the costs of certification against the potential benefits. Since we’ve listed the costs of PMP certification above, you likely have a good idea of the investment you’d need to make to get certified. Now, it’s time to consider your potential return on that investment.

Benefits of PMP certification

  • Salary increase. PMPs in the U.S. earn about 32% more than their non-certified peers in project management.
  • Greater respect in the industry. The Project Management Institute is the leading organization for project management knowledge and the publisher of the PMBOK. Earning PMP certification through PMI carries lots of weight in the project management industry.
  • Greater career opportunities. Holding PMP certification should make you more marketable when it comes to looking for better or different positions in project management.

Consider Your Career

Are you looking to make a career change? Move into a higher role in your current team? In either case, PMP certification could be just what you need to level up your career. As part of the certification process, you’ll learn industry best practices that you can start incorporating into your day-to-day work life immediately.

Look at Earning Potential vs. Certification Cost

According to PMI, PMP-certified professionals in the U.S. earn a median annual salary of $123,000, compared to a median of $93,000 for their non-certified colleagues. This translates to a 32% salary increase for certified PMPs.

Multiply your current salary by 1.32 to estimate your potential PMP certification salary. You can then weigh that salary increase against the cost of PMP certification training and the PMP exam. This cost vs. benefit analysis can help you understand whether PMP certification would be worth it for you.

Tue, 24 Jan 2023 15:02:00 -0600 Christin Perry en-US text/html https://www.forbes.com/advisor/education/get-pmp-certification/
Killexams : Project Portfolio Management (PPM) Market 2023 Structure Along With Size, Trends, Revenue, Market segments, Forecast to 2029

The MarketWatch News Department was not involved in the creation of this content.

Feb 15, 2023 (The Expresswire) -- Project Portfolio Management (PPM) Market Size 2023-2029 | New Report (110 Pages) | In This Reports Project Portfolio Management (PPM) Market and its business scene, significant issues, answers for relieving the upgrading risk, methodologies, future lookout, and possibilities, Other than the standard design reports, Top Project Portfolio Management (PPM) Companies (Software AG, Oracle Corporation, Broadcom, Clarizen, Microsoft Corporation, SAP SE, Planview, Inc., Hewlett Packard Enterprise Company, ServiceNow, Inc., Planisware S.A.S., Upland Software, Inc., Changepoint Corporation) with the best facts and figures, definitions, SWOT and PESTAL analysis, expert opinions and the latest trends around the world.

To know How COVID-19 and Russia-Ukraine War Influence Will Impact This Market/Industry-Request a trial copy of the report-:https://www.researchreportsworld.com/enquiry/request-covid19/20972849

Moreover, the Project Portfolio Management (PPM) Market Report includes data on research and development, New product launches, product feedback from global and regional markets by key players. This structured analysis provides a graphical representation and strategic breakdown of the Project Portfolio Management (PPM) market by region.

Who are the key players in the Project Portfolio Management (PPM) market?

List of TOP KEY PLAYERS in Project Portfolio Management (PPM) Market Report are: -

● Software AG
● Oracle Corporation
● Broadcom
● Clarizen
● Microsoft Corporation
● SAP SE
● Planview, Inc.
● Hewlett Packard Enterprise Company
● ServiceNow, Inc.
● Planisware S.A.S.
● Upland Software, Inc.
● Changepoint Corporation

Get a trial PDF of the Project Portfolio Management (PPM) Market Report

Project Portfolio Management (PPM) Market Analysis and Insights

This report aims to provide a comprehensive presentation of the global market for Project Portfolio Management (PPM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Project Portfolio Management (PPM).

The Project Portfolio Management (PPM) market size, estimations, and forecasts are provided in terms of and revenue (USD millions), considering 2023 as the base year, with history and forecast data for the period from 2017 to 2029. This report segments the global Project Portfolio Management (PPM) market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The Research Report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2029. Ask For trial Report

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Project Portfolio Management (PPM) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

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What segments are covered Project Portfolio Management (PPM) Market report?

Product Type Insights

Global markets are presented by Project Portfolio Management (PPM) type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the Project Portfolio Management (PPM) are procured by the companies.

This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2017-2023) and forecast period (2023-2029).

Segmentby Type - Project Portfolio Management (PPM) Market

● Software ● Service

Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2023-2029).

This report also outlines the market trends of each segment and consumer behaviors impacting the Project Portfolio Management (PPM) market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Project Portfolio Management (PPM) market.

Segment by Application - Project Portfolio Management (PPM) Market

● Project Management ● Portfolio Management ● Demand Management ● Financial Management ● Resource Management ● Others

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What is the Project Portfolio Management (PPM) market Share?

Project Portfolio Management (PPM) Market Shareby Company Type Report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. This report also provides a balanced and detailed analysis of the on-going Project Portfolio Management (PPM) trends, opportunities/high growth areas, Project Portfolio Management (PPM) market drivers which would help the investors to device and align their market strategies according to the current and future market dynamics.

The Global Project Portfolio Management (PPM) Market Share report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins.

Which region has the largest share in Global Project Portfolio Management (PPM) Market?

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2029.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East and Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2023 and forecast revenue for 2029.

This Report lets you identify the opportunities in Project Portfolio Management (PPM) Market by means of a region:

● North America ● Europe ● Asia-Pacific ● South America ● The Middle East and Africa

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Project Portfolio Management (PPM) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Purchase this Report:

● Strong qualitative and quantitative market analysis based on the segment breakdown within the consideration of both economic as well as non-economic factors. ● Market evaluation based on market value (Data in USD Billion) for each segment breakdown. ● Indicates of the region and segment breakdown that is expected to witness the fastest growth rate and acts as market dominant. ● Analysis of geography highlighting, the region vice consumption of the product/service and an indication of the factors that are affecting the market within each region. ● The competitive landscape encompasses the market ranking of the major market competitors, new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. ● The company profiles section provides an understanding of the company overview, company insights, product benchmarking, and SWOT analysis for the major market players. ● Current as well as the future market outlook of the industry with respect to accurate developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions). ● In-depth analysis of the market through Porter’s Five Forces Analysis. ● Provides insight into the market through Value Chain. ● The understanding of market dynamics scenario, growth opportunities of the market for the period of forecast. ● 6-month post-sales analyst support.

Key questions answered in the report:

● What is the growth potential of the Project Portfolio Management (PPM) market? ● Which product segment will take the lion’s share? ● Which regional market will emerge as a pioneer in the years to come? ● Which application segment will experience strong growth? ● What growth opportunities might arise in the Project Portfolio Management (PPM) industry in the years to come? ● What are the most significant challenges that the Project Portfolio Management (PPM) market could face in the future? ● Who are the leading companies on the Project Portfolio Management (PPM) market? ● What are the main trends that are positively impacting the growth of the market? ● What growth strategies are the players considering to stay in the Project Portfolio Management (PPM) market?

Detailed Table of Content of Global Project Portfolio Management (PPM) Market Research Report 2023

1 Project Portfolio Management (PPM) Market Overview
1.1 Product Overview and Scope of Project Portfolio Management (PPM)
1.2 Project Portfolio Management (PPM) Segment by Type
1.3 Project Portfolio Management (PPM) Segment by Application
1.4 Global Project Portfolio Management (PPM) Market Size Estimates and Forecasts

2 Project Portfolio Management (PPM) Market Competition by Manufacturers
2.1 Global Project Portfolio Management (PPM) Market Share by Manufacturers (2017-2023)
2.2 Global Project Portfolio Management (PPM) Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Project Portfolio Management (PPM) Average Price by Manufacturers (2017-2023)
2.4 Manufacturers Project Portfolio Management (PPM) Manufacturing Sites, Area Served, Product Type
2.5 Project Portfolio Management (PPM) Market Competitive Situation and Trends
2.6 Manufacturers Mergers and Acquisitions, Expansion Plans

3 Project Portfolio Management (PPM) Retrospective Market Scenario by Region
3.1 Global Project Portfolio Management (PPM) Retrospective Market Scenario in Sales by Region: 2017-2023
3.2 Global Project Portfolio Management (PPM) Retrospective Market Scenario in Revenue by Region: 2017-2023
3.3 North America Project Portfolio Management (PPM) Market Facts and Figures by Country
3.4 Europe Project Portfolio Management (PPM) Market Facts and Figures by Country
3.5 Asia Pacific Project Portfolio Management (PPM) Market Facts and Figures by Region

4 Global Project Portfolio Management (PPM) Historic Market Analysis by Type
4.1 Global Project Portfolio Management (PPM) Market Share by Type (2017-2023)
4.2 Global Project Portfolio Management (PPM) Revenue Market Share by Type (2017-2023)
4.3 Global Project Portfolio Management (PPM) Price by Type (2017-2023)

5 Global Project Portfolio Management (PPM) Historic Market Analysis by Application
5.1 Global Project Portfolio Management (PPM) Market Share by Application (2017-2023)
5.2 Global Project Portfolio Management (PPM) Revenue Market Share by Application (2017-2023)
5.3 Global Project Portfolio Management (PPM) Price by Application (2017-2023)

6 Key Companies Profiled

Get a trial PDF of the Project Portfolio Management (PPM) Market Report

7 Project Portfolio Management (PPM) Manufacturing Cost Analysis
7.1 Project Portfolio Management (PPM) Key Raw Materials Analysis
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Project Portfolio Management (PPM)
7.4 Project Portfolio Management (PPM) Industrial Chain Analysis

8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Project Portfolio Management (PPM) Distributors List
8.3 Project Portfolio Management (PPM) Customers

9 Project Portfolio Management (PPM) Market Dynamics
9.1 Project Portfolio Management (PPM) Industry Trends
9.2 Project Portfolio Management (PPM) Market Drivers
9.3 Project Portfolio Management (PPM) Market Challenges
9.4 Project Portfolio Management (PPM) Market Restraints

10 Global Market Forecast
10.1 Project Portfolio Management (PPM) Market Estimates and Projections by Type
10.2 Project Portfolio Management (PPM) Market Estimates and Projections by Application
10.3 Project Portfolio Management (PPM) Market Estimates and Projections by Region

11 Research Finding and Conclusion

12 Methodology and Data Source
12.1 Methodology/Research Approach
12.2 Data Source
12.3 Author List
12.4 Disclaimer

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Tue, 14 Feb 2023 17:39:00 -0600 en-US text/html https://www.marketwatch.com/press-release/project-portfolio-management-ppm-market-2023-structure-along-with-size-trends-revenue-market-segments-forecast-to-2029-2023-02-15
Killexams : Project Portfolio Management Market Size Growing at 12.6% CAGR, Set to Reach USD 16,777 Million By 2030

Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Project Portfolio Management Market and Region Forecast, 2022 - 2030”

TOKYO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The Global Project Portfolio Management Market Size accounted for USD 5,841 Million in 2021 and is estimated to achieve a market size of USD 16,770 Million by 2030 growing at a CAGR of 12.6% from 2022 to 2030.

Project Portfolio Management Market Overview

Project Portfolio Management (PPM) is a solution which is used in managing a company's portfolio of projects to align with its strategic objectives and optimize resource allocation. The Project Portfolio Management market size has grown significantly in accurate years, driven by the increasing demand for effective project management solutions across various industries.

PPM solutions enable organizations to prioritize, allocate, and manage resources more effectively, resulting in improved project delivery and better overall business performance. PPM tools offer a range of features, including project planning and scheduling, risk management, resource allocation, and project tracking and reporting. PPM market size is growing rapidly, with organizations of all sizes and across all industries recognizing the benefits of using PPM solutions. The market for project portfolio management is expected to continue to grow as organizations seek to Boost their project delivery and overall business performance.

One of the key applications of Project Portfolio Management can be seen in the IT industry, where it is used to manage and prioritize the delivery of software development projects. PPM is also widely used in engineering, construction as well as in consulting firms to manage multiple projects and allocate resources effectively.

Another unique application of PPM is in the pharmaceutical industry, where it is used to manage the research and development of new drugs. This includes tracking the progress of clinical trials, allocating resources to research teams, and managing the approval process with regulatory agencies.

PPM is also progressively being used in the finance industry, where it is used to manage complex portfolios of financial products, including stocks, bonds, and derivatives. This allows financial institutions to optimize their portfolios and minimize risk while maximizing returns.

NGOs and charities also use project portfolio management to manage their program portfolio and allocate resources effectively. This enables them to achieve their mission and goals more efficiently and effectively.

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Project Portfolio Management Market Report Coverage:

Market

Project Portfolio Management Market

Project Portfolio Management Market Size 2021

USD 5,841 Million

Project Portfolio Management Market Forecast 2030

USD 16,770 Million

Project Portfolio Management Market CAGR During 2022 - 2030

12.6%

Project Portfolio Management Market Analysis Period

2018 - 2030

Project Portfolio Management Market Base Year

2021

Project Portfolio Management Market Forecast Data

2022 - 2030

Segments Covered

By Offering, By Revenue, By Enterprise Size, By End-Use, And By Geography

Project Portfolio Management Market Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Key Companies Profiled

Oracle, Microsoft Corporation, Celoxis Technologies Pvt. Ltd., Planview, Changepoint Corporation, Broadcom Corporation, HP Development Company, SAP SE, Workfront, and ServiceNow.

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Project Portfolio Management Market Highlights and Statistics

  • The global Project portfolio management market size in 2021 stood at USD 5.841 Billion and is set to reach USD 16.77 Billion by 2030, growing at a CAGR of 12.6%

  • Increasing need for effective project management and resource allocation in organizations of all sizes and across all industries are some of the reasons why the PPM market size is growing.

  • Major players in the project portfolio management market include Microsoft, Oracle, Planisware, CA Technologies, and HP.

  • PPM solutions are offered through cloud-based and on-premises deployment models. The cloud-based deployment model shall be seeing the fastest growth due to its ease of use and accessibility.

  • End-user industries: The IT industry is the largest adopter of PPM solutions. The construction, engineering, and consulting firms also have a good demand for project portfolio management market. The pharmaceutical, finance, and non-profit sectors are also growing adopters of PPM.

  • The use of PPM solutions has the capability to Boost project delivery, better resource allocation, and increased overall business performance.

  • Some challenges faced by organizations implementing PPM include resistance to change, lack of skilled employees, and integration with existing systems.

Trends in the Project Portfolio Management Market

Focus on providing good quality User Experience: PPM solution providers are placing a greater emphasis on user experience, with the development of intuitive and user-friendly interfaces.

Increased Adoption by SMEs: Small and medium-sized enterprises (SMEs) are increasingly adopting PPM solutions, as they seek to Boost their project delivery and compete with larger organizations.

Integration with Artificial Intelligence and Machine Learning technologies: PPM solutions are increasingly incorporating AI and ML technologies to automate processes and provide advanced analytics and insights.

Integration with Other Tools: PPM solutions are being integrated with other tools such as project management, resource planning, and financial management systems to provide a comprehensive solution.

Real-time Analytics and Reporting: PPM solutions are offering real-time analytics and reporting capabilities to provide organizations with real-time insights into their projects and portfolios.

Greater Collaboration and Communication: PPM solutions are enabling greater collaboration and communication between project teams and stakeholders, resulting in improved project delivery.

Emphasis on Portfolio Optimization: PPM solutions are focusing on portfolio optimization, helping organizations prioritize and allocate resources to their most strategic projects.

Increasing Demand for Mobile Access: The demand for mobile access to PPM solutions is growing, as organizations seek to manage their projects on-the-go.

Project Portfolio Management Market Dynamics

  • High demand for efficient Project Management: Organizations across various industries are realizing the importance of effective project management and are seeking solutions that can help them manage their portfolios of projects more efficiently.

  • Growing Complexity of Projects: With the increasing complexity of projects, organizations are looking for solutions that can help them better manage project risks, resources, and timelines.

  • Adoption of Agile Methodologies: The growing adoption of agile methodologies, which emphasize flexibility and collaboration, has led to a higher demand for PPM solutions that can support agile project management.

  • Improved need for resource allocation: Organizations are seeking solutions that can help them allocate resources more effectively, resulting in improved project delivery and overall business performance.

  • Cloud technology acceptance: The emergence of cloud technology has made it easier for organizations to adopt PPM solutions, as cloud-based solutions offer scalability, flexibility, and lower upfront costs.

  • Rising Importance of Data Analytics: The increasing importance of data analytics in project management has led to a higher demand for PPM solutions that can provide data-driven insights and help organizations make better decisions.

  • Growing Importance of Compliance: The growing importance of compliance with regulatory requirements, such as Sarbanes-Oxley and GDPR, has led to a higher demand for PPM solutions that can help organizations meet these requirements.

Project Portfolio Management Market Growth Hampering Factors

  • Complex User Interfaces: Some PPM solutions have complex user interfaces, which can be difficult to use and may discourage adoption.

  • Inadequate Training: Organizations may not provide adequate training to their employees on how to use PPM solutions, which can result in limited adoption and ineffective usage.

  • Customization Limitations: Some PPM solutions may not offer customization options, which can limit their effectiveness for organizations with specific requirements.

  • Incomplete Integration of existing data systems with PPM solutions can lead to data inaccuracies, hindering the effectiveness of these solutions.

  • Limited Scalability: Some PPM solutions may not be scalable, making it difficult for organizations to expand their usage as their needs change.

  • Reluctance of some organizations to adopt new technologies including PPM solutions, resulting in limited adoption.

  • Inadequate Support: Some PPM solutions may not offer adequate support, making it difficult for organizations to resolve issues and effectively use these solutions.

  • Lack of Integration with Other Tools: Some PPM solutions may not integrate well with other tools and processes, making it difficult for organizations to fully utilize these solutions.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/project-portfolio-management-ppm-market

Market Segmentation

  • By Offering

  • Service

  • Software

By Deployment Models

By Enterprise Size

Project Portfolio Management Market Overview By Region

North America: North America has the largest project portfolio management market share. The region is home to major players in the IT industry, which drives the adoption of PPM solutions. Additionally, the presence of several leading IT consulting firms in North America further fuels the growth of the PPM market share in the region.

Europe: Europe has the second-largest project portfolio management market, with a growing demand for these solutions among organizations in the region. Europe has a thriving construction and engineering industry, which drives the demand for PPM solutions in the region.

Asia-Pacific: Asia-Pacific has the fastest growing project portfolio management market share amongst all other regions, with countries like India and China experiencing a high demand for these solutions. The IT and software development industries in Asia-Pacific are thriving, driven by the demand for PPM solutions in the region. India also has a robust IT industry as well as a highly skilled population of software engineers.

The MEA and Latin American regional growing project portfolio management market share is growing at a good enough pace due to demand for these solutions among organizations in the region. The construction and engineering industries in Latin America are growing, driving the demand for PPM solutions in the region.

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Project Portfolio Management Market Key Players

Microsoft, CA Technologies, Planview, Deltek, Oracle, SAP, Innotas, HP, Planisware, and EasyVista. Other players in the market include Clarizen, Wrike, Asana, CollabNet, EasyVista Inc., ProjecTools, LLC, Daptiv and Workfront.

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Killexams : A New Project Portfolio Management (PPM) Market Size 2022 Reports On Company Insights That Seek Out New High-Growth Sectors in the Industry to 2029

The MarketWatch News Department was not involved in the creation of this content.

Project Portfolio Management (PPM) Market Size Outlook for 2029 with massive business analysis and bottom-up analysis of the Companies [, , Software AG, Oracle Corporation, Broadcom, Clarizen, Microsoft Corporation, SAP SE, Planview, Inc., Hewlett Packard Enterprise Company, ServiceNow, Inc., Planisware S.A.S., Upland Software, Inc., Changepoint Corporation, ,] with exclusive vital statistics, Future market potential, industry share, sales generation, funding analysis, and overall business environment, competitive landscape details in this niche sector, regional and country breakdowns, Large, medium-sized, and small enterprises, Value-Added Resellers (VARs), Venture capitalists by 2029. Project Portfolio Management (PPM) industry worldwide is to offer fast-growing in [Information and Communication Technology] industry with product categories. It attempts to accurately show market structure, revenue sources, growth, trends, and competitive landscape.

Project Portfolio Management (PPM) Market research report offers New Insight updates on Business Strategies including Mergers, Acquisitions, Revenue Outsourcing, R and D, Expansion Plans and Collaborations adopted by these Major Global Players, Revenue on the basis of Attractive Applications Industry (GGGG), and By Type (, , Software, Service, ,). Ask for trial Report

Updated Report Spreadsheet[Newest Updated 110 No. Pages Report].

Who is the Top Companies in the Global Market?

Some of the Important Companies in the global Project Portfolio Management (PPM) market include:

● Software AG ● Oracle Corporation ● Broadcom ● Clarizen ● Microsoft Corporation ● SAP SE ● Planview, Inc. ● Hewlett Packard Enterprise Company ● ServiceNow, Inc. ● Planisware S.A.S. ● Upland Software, Inc. ● Changepoint Corporation ●

And More…

Get a trial Copy of the Project Portfolio Management (PPM) Market Report 2023

What are Industry Insights?


The Project Portfolio Management (PPM) market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR of %, this market is estimated to reach USD million in 2029.

The report focuses on the Project Portfolio Management (PPM) market size, segment size (mainly covering product type, application, and geography), competitor landscape, accurate status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Project Portfolio Management (PPM) market.

The report includes six parts, dealing with:

(I.) Basic Information/Summary
(II.) Market Entry and Investment Feasibility
(III) Opportunities and Challenges
(IV) Market Entry Strategies
(V) How compliance with the market
(VI.) Report Conclusion

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Project Portfolio Management (PPM) Market Qualified Report is spread across 110 Pages and provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

What is Project Portfolio Management (PPM) Market - Competitive and Segmentation Analysis?

This Project Portfolio Management (PPM) Market report offers a detailed analysis supported by reliable statistics on sales and revenue by players for the period 2017-2022. The report also includes a company description, major business, Project Portfolio Management (PPM) product introduction, accurate developments, and Project Portfolio Management (PPM) sales by region, type, application, and sales channel.

Report further studies the market development status and future Project Portfolio Management (PPM), the Market trend across the world. Also, it splits Project Portfolio Management (PPM) Market Segmentation by Type and by Applications to fully and deeply research and reveal market profiles and prospects.

By Product - Global Project Portfolio Management (PPM) Market and Forecast:

● Software ● Service ●

By Application - Global Project Portfolio Management (PPM) Market and Forecast:

● Project Management ● Portfolio Management ● Demand Management ● Financial Management ● Resource Management ● Others ●

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What are the major regions in Global Project Portfolio Management (PPM) Market?

Geographically, this report is segmented into several key regions, with sales, revenue, market share, and growth Rate of Project Portfolio Management (PPM) in these regions, from 2023 to 2029, covering

● North America (United States, Canada, and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey, etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam) ● South America (Brazil, Argentina, Columbia, etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What is the Impact of COVID-19 | Regional Conflict | Russia-Ukraine War in Project Portfolio Management (PPM) Market by 360 Market Updates?

Regional Conflict / Russia-Ukraine War: - The Project Portfolio Management (PPM) Industry report also presents the impact of county disputes on this market with the aim of helping readers understand how the market has been negatively influenced and how it is going to develop in the coming years.

Challenges and Opportunities: - Factors that could assist create possibilities and raise profits for marketplace players, in addition to demanding situations that could restrain or even pose a risk to the improvement of the gamers, are revealed within the report, which could shed a mild on strategic decisions and implementation.

COVID-19: - Amid the COVID-19 crisis, the Project Portfolio Management (PPM) market has definitely taken a hit. The Industry report describes the market scenario during and posts the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, have also been taken into consideration during the process of the research.

Final Report will add the analysis of the impact of COVID-19 on this industry.

TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE

CLIENT FOCUS OF THIS REPORT:

-Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Project Portfolio Management (PPM) market?

Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Project Portfolio Management (PPM) Industry.

- How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

-What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced frontline staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Research Methodologies

Primary Research Methodologies: Surveys, Interviews with Individuals, Small Groups, Questionnaires, Telephonic Interviews, etc. ● Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine, and, Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Company Annual Reports, Government Agencies, Libraries, and Local Councils and a large number of Paid Databases.

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Major highlights from Table of Contents:

1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (USD)
1.6 Stakeholders

2 Market Competition by Manufacturers
2.1 Global Project Portfolio Management (PPM) Production Capacity Market Share by Manufacturers (2015-2023)
2.2 Global Project Portfolio Management (PPM) Revenue Market Share by Manufacturers (2015-2023)
2.3 Project Portfolio Management (PPM) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Project Portfolio Management (PPM) Average Price by Manufacturers (2015-2023)
2.5 Manufacturers Project Portfolio Management (PPM) Production Sites, Area Served, Product Types
2.6 Project Portfolio Management (PPM) Market Competitive Situation and Trends
2.6.1 Project Portfolio Management (PPM) Market Concentration Rate
2.6.2 Global 5 and 10 Largest Project Portfolio Management (PPM) Players Market Share by Revenue
2.6.3 Mergers and Acquisitions, Expansion

3 Global Project Portfolio Management (PPM) Consumption by Region
3.1 Global Project Portfolio Management (PPM) Consumption by Region
3.1.1 Global Project Portfolio Management (PPM) Consumption by Region
3.1.2 Global Project Portfolio Management (PPM) Consumption Market Share by Region
3.2 North America
3.3 Europe
3.4 Asia Pacific
3.5 Latin America

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4 Segment by Type

5 Segment by Application

6 Key Companies Profiled
7.1 Company
7.1.1 Project Portfolio Management (PPM) Corporation Information
7.1.2 Project Portfolio Management (PPM) Product Portfolio
7.1. Project Portfolio Management (PPM) Production Capacity, Revenue, Price and Gross Margin (2015-2023)
7.1.3 Company’s Main Business and Markets Served
7.1.5 Company’s accurate Developments/Updates

7 Project Portfolio Management (PPM) Manufacturing Cost Analysis
7.1 Project Portfolio Management (PPM) Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Project Portfolio Management (PPM)
7.3 Project Portfolio Management (PPM) Industrial Chain Analysis

8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Project Portfolio Management (PPM) Distributors List
8.3 Project Portfolio Management (PPM) Customers

9 Market Dynamics
9.1 Project Portfolio Management (PPM) Industry Trends
9.2 Project Portfolio Management (PPM) Market Drivers
9.3 Project Portfolio Management (PPM) Market Challenges
9.3 Project Portfolio Management (PPM) Market Restraints

10 Consumption and Demand Forecast

13 Forecast by Type and by Application (2023-2029)

13 Research Finding and Conclusion

15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.3 Disclaimer

Continued….

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Thu, 26 Jan 2023 02:33:00 -0600 en-US text/html https://www.marketwatch.com/press-release/a-new-project-portfolio-management-ppm-market-size-2022-reports-on-company-insights-that-seek-out-new-high-growth-sectors-in-the-industry-to-2029-2023-01-26
Killexams : PMI Reports Show Inflation Remains A Serious Problem No result found, try new keyword!On January 24, U.S. released Flash Manufacturing PMI and Services PMI reports. Manufacturing PMI increased from 46.2 in December to 46.8 in January, compared to analyst consensus of 46. Tue, 24 Jan 2023 08:28:00 -0600 text/html https://www.nasdaq.com/articles/pmi-reports-show-inflation-remains-a-serious-problem Killexams : Project management skills are in huge demand: COO of PMI

Michael DePrisco is the chief operating officer (COO) of PMI, one of the world’s leading programme and project management certification providers. DePrisco was in India recently with most of the organisation’s Board and executive management team for their annual board meeting.

India, he says, has always been important for PMI, but over the last 5-7 years, it has become even more so, with the rise of technology, with the growing importance of skilling and upskilling, with more and more construction projects. “The Board felt that they wanted to show our team and our stakeholders here just how important India is by picking this location for the meeting,” he says.

Over the past year, Times Techies has highlighted on several occasions the rising importance of project and programme management, as organisations move towards digital transformation and towards dealing with more and more complex problems. DePrisco notes that 10-20 years ago, organisation leaders thought of project management “as overhead, backoffice, really heavy process, people who get in the way of getting things done.” But they, he says, have now realised how valuable it is, particularly in executing strategy. “There is a clear connection between the strategy that is set in the boardroom, or the executive suite, and the execution of that strategy, and making that strategy come to life. We believe projects are the way that happens. We know that organisations that embrace project and programme management generally perform better, they waste less money, they deliver outcomes more effectively,” says DePrisco, who spent over 20 years in higher education in the US, focused on art, design and gaming, before joining PMI ten years ago.

PMI was founded in IT – IBM was one of the biggest organisations they worked with in the early years in the 1980s. The largest numbers coming for PMI certifications are still from IT, but finance, construction, and general consulting professionals are also now a significant part of those seeking these certifications.

“Fundamental to IT is project work – since IT touches everything that happens in an organisation. The things they are working on are also very costly, whether it is implementing an ERP system, CRM system, or trying to take a business model from a physical one to a digital one. A couple of missteps and you can lose millions. So there’s recognition that there needs to be a standard best practice,” DePrisco says.

Such issues are becoming bigger as enterprises move towards organisation-wide digital transformation. The biggest value in such digitalisation comes from combining different digital projects into innovative new business offerings. So, programme management is now a big focus for PMI. While a project manager will lead a specific project, a programme manager will need to understand the bigger business opportunity, and bring together all the needed project teams to deliver on this.

“Teams are dispersed around the world, you have to manage time zones, language, culture. That takes a level of skill, experience and knowledge. Most programmes that fail, fail because of complexity that the team wasn’t able to overcome,” DePrisco says.

What is taught

So, what is it that professionals learn in these courses? DePrisco says there is a technical side to project management, which involves learning how to create workflows, roadmaps, schedules, and budgets. It involves learning agile processes.

Then there’s the people side, which DePrisco says is becoming more and more important. This involves learning about communication, stakeholder management, change management. “These are some of the more complex competencies that individuals need to have to manage projects. We now have a risk management professional certification, and in the last three years we have seen an incredible increase in people coming for that specialty. Covid was the No. 1 risk, and nobody had it on their risk register. Today they do. That was a wake up call for many organisations to say, we need to think seriously about risk, and what the next disruption is going to be, and take some steps now, and ensure we have resiliency baked into our models,” he says.

Finally, there’s the business acumen side, which is about understanding competitive market forces, how the market is changing, what the threats are.

“We call it the talent triangle – technical skills, people skills, and business acumen,” says DePrisco.

Thu, 05 Jan 2023 13:39:00 -0600 en-IN text/html https://www.msn.com/en-in/money/topstories/project-management-skills-are-in-huge-demand-ceo-of-pmi/ar-AA161GMM
Killexams : Project Portfolio Management (PPM) Market Value To Exceed USD 9.16 Billion By 2027
(MENAFN- EIN Presswire)

Project Portfolio Management Market Value

Need to maximize the value of project investments & complexity of corporate projects driving growth of the worldwide project portfolio management market.

PORTLAND, PORTLAND, OR, UNITED STATES, February 15, 2023 /einpresswire.com / -- According to the report, the global project portfolio management (ppm) market generated $4.33 billion in 2019, and is expected to generate $9.16 billion by 2027, witnessing a CAGR of 9.9% from 2020 to 2027.

Requirement of optimizing the value of project investments, rise in complexity of enterprise projects, and need for collaboration and monitoring tools drive the growth of the global project portfolio management market. However, issues related to data privacy and steep learning curves for PPM software hinder the market growth. On the other hand, reduction in project failure rate by embracing agile methods and adoption of cloud-based PPM integrated applications present new opportunities in the coming years.

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The software segment to maintain its lead position during the forecast period

Based on component, the software segment accounted for nearly two-thirds of the global project portfolio management market in 2019, and is projected to maintain its lead position during the forecast period. This is due to resource management, change control, pipeline management, change control, financial management, and most importantly risk assessment and management features provided by software. However, the services segment is estimated to grow at the highest CAGR of 11.6% from 2020 to 2027, owing to the increase in demand for training of employees and maintenance services for organizations.

The BFSI segment to maintain its leadership status by 2027

Based on industry vertical, the BFSI segment contributed to the highest market share in 2019, accounting for more than one-fourth of the global project portfolio management market in 2019, and is expected to maintain its leadership status by 2027. This is due to increased multi-regional operations as well as outsourcing activities in the financial institutions. However, the healthcare segment is projected to portray the largest CAGR of 16.4% from 2020 to 2027. This is due to need to integrate various delivery systems to share information and report to agencies along with providing certain aspects of the health services to their patients.

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North America to maintain its dominance in terms of revenue by 2027

Based on region, North America held the highest market share in 2019, accounting for nearly two-fifths of the global project portfolio management market, and is estimated to maintain its dominance in terms of revenue by 2027. This is due to the presence of a large number of solution and service vendors in this region. However, Asia-Pacific is expected to witness the fastest CAGR of 12.6% from 2020 to 2027, owing to dynamic increase in the adoption of the internet by enterprises and rapid technological advancements.

Leading market players
.Oracle Corporation
.Microsoft Corporation
.lanview, Inc.
.Broadcom Inc.
.Workfront
.ServiceNow, Inc.
.Upland Software, Inc.
.Micro Focus
.Planisware
.Sciforma

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Key Findings of the Study –

.By component, the software segment led the project portfolio management market in terms of revenue in 2019.
.Region wise, North America generated the highest revenue in 2019.
.By organization size, the small and medium enterprises segment is expected to exhibit highest growth rate during the forecast period.
.Depending on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the project portfolio management market forecast period.

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Killexams : Pacific Program Management Appoints Mark Wanic President, Chief Operating Officer

SEATTLE, Feb. 2, 2023 /PRNewswire/ -- Today, Pacific Program Management (PPM) announced the appointment of Mark Wanic to President, Chief Operating Officer, executing the company's business strategy and leading day-to-day operations. He will continue to work closely with company founder Clark Lindsay, who will remain as Chief Executive Officer leading overall strategy and vision for the firm.

Since joining PPM in 2021 as Chief Customer Solutions Officer, Wanic has grown the depth and diversity of PPM's client portfolio at an enterprise level, advancing the firm's short- and long-term business goals.

"Mark has operationalized critical strategic business objectives that have advanced our growth and enhanced our reputation in the industry, " said Lindsay. "In this new role, he will continue to lead the evolution of our service lines in key markets across North America, providing me the opportunity to focus on strategic acquisitions, innovations, and new technologies that will deepen our ability to serve the ever-evolving needs of our diverse client base."

In the past two years, PPM has expanded to 16 markets and seen double-digit growth in its client portfolio. Wanic has been instrumental in integrating the firm's service offerings to meet the fast-changing needs of corporate occupier clients.

"I am thrilled to take on this new leadership role with PPM," said Wanic. "Over the past few years, we have built a remarkable team that has elevated our client service and our brand across North America. I look forward to building upon that success as we continue to attract and retain superior professional talent that is key to our client delivery and our ability to contribute to the communities where we operate."

Wanic has over 30 years of experience recruiting, organizing, and leading diverse global organizations and teams. As Americas Head of Occupier Services at Cushman & Wakefield, Wanic managed the goals and financial performance of over 1,500 professionals as he led the firm's revenue growth, expanding relationships with more than 150 corporate clients. He also has held executive leadership positions at Fischer & Company, Paradigm Tax Group, CA, Inc., and Lucent Technologies, with experience across the U.S., Asia, and Europe.

About Pacific Program Management
PPM is a commercial real estate program and project management firm headquartered in Seattle with locations across the nation. Serving mid-size and Fortune 500 companies, PPM offers three integrated service lines: Workspace Consulting, Capital Project Management, and Transition and Relocation Management. Since 2009, PPM has helped its clients reimagine the potential of people and space with a personalized, people-centric approach that recognizes space without people has no value.

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SOURCE Pacific Program Management

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Wed, 01 Feb 2023 23:45:00 -0600 en text/html https://www.benzinga.com/pressreleases/23/02/n30687530/pacific-program-management-appoints-mark-wanic-president-chief-operating-officer
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