PMI Global Survey Reveals PMP®-Certified Project Managers Earn 20 Percent More In Salary than Uncertified Practitioners

I am sure that a PMP will allow you to earn more.  But how much?

You may want to visit the site to find out:

http://www.businesswire.com/news/home/20151028006050/en/PMI-Global-Survey-Reveals-PMP%C2%AE-Certified-Project-Managers

Current PMI Standards Projects

Get the latest on PMI Standard Projects, visit the following page:

http://www.pmi.org/PMBOK-Guide-and-Standards/Standards-Current-PMI-Standards-Projects.aspx

Latest PMP Handbook

You can obtain the later PMP Handbook from the link below:

http://www.pmi.org/~/media/PDF/Certifications/handbooks/project-management-professional-handbook-pmp.ashx

Get a free eBook - The Short Guide to Becoming A PMP

Get a free eBook,The Short Guide to Becoming A PMP. See what it takes to prepare for the Exam.

http://www.pm-prepcast.com/free-- PMP® Exam Tips (@PMExamTips)

Project Relationship Management (PRM)

As project management professionals, we have all become increasingly aware of the importance of the so-called “soft skills” aspect of our profession. In recent years, skills such as time management, communication 

(verbal and non-verbal), emotional intelligence (EQ), facilitation, conflict resolution, and organizational 
management have received more and more recognition as essential aspects of successful project management. To that list, let’s add a skill I like to call “project relationship management” or PRM.   

There are six or seven primary aspects of PRM that we face in every project; these include the business, working, and professional relationships between the following:


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By Ruffin Veal III, MS, PMP

5 Tactics for Risk Collaboration in Specialty Software Projects

Many organizations choose to implement specialty software products as a business solution. The benefits of doing so vary from filling critical gaps in a company's portfolio of solutions and services to enabling a quick response to new regulations, such as health and safety mandates.  

Never assume that because a solution is smaller in size, you can take a relaxed approach to risk management. With enterprise resource planning (ERP) solutions, success requires collaboration between the project manager and the software provider to manage risks. 

Here are some successful tactics for risk collaboration with specialty software providers:    

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...By 

Kevin Korterud

 on June 27, 2012 10:40 AM 

An Introduction to PMI's Project Management Life Cycle

Extracted from: globalknowledge.com/

The term "life cycle" implies two things: that a process is perpetual and that the sequence of events is obligatory or uni-directional. There is no beginning or end to a life cycle and the sequence of events cannot change. A seed cannot go directly to being a mature plant nor revert back to the blossom stage.

The Project Management Life Cycle

The term "life cycle" is misleading, because it is neither a perpetual circle of events nor is the sequence of events rigidly fixed. There are five stages to the project management life cycle that usually occur in sequence. During large complex projects it is often necessary to return to planning several times. In this case, the project management life cycle can become very complex with multiple repeats of planning and even initiating processes.

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By: Brian Egan

3 Hot Sectors for Project Management Jobs

3 July 2012

When it comes to career opportunities for project professionals, not all industries are created equal. If you’re stuck in a faltering sector, now might be the time to consider transitioning to a different industry with higher growth potential. Here’s a breakdown of where some of the jobs are and what project professionals need to make a switch.

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Top 10 countries with highest PMP salaries

According to new research from Project Management Institute based on PMI® Project Management Salary Survey — Seventh Edition - 71% of project managers received an increase in compensation over the last 12 months, with median salaries in top-earning countries exceeding $100,000. In addition, survey data says that the longer PM professionals hold PMP Credential, the higher their salaries.

PMP Certification increased in salary – PMI Salary Survey:

• 71% project managers received increase in their total compensation
• 33% received increase of 5% of total compensation

Highest PMP Salaries across the globe: 

According to salary data provided by simplyhired.com, a popular search engine for jobs, the top 10 countries with highest average PMP salary are listed below:

1. Switzerland, $160,409
2. Australia, $139,497
3. Germany, $110,347
4. The Netherlands, $109,775
5. Belgium, $108,750
6. United States, $105,000
7. Ireland, $101,635
8. Canada, $98,517
9. United Kingdom, $96,384
10. New Zealand, $91,109

What are the 4 types of breakdown structures defined in PMBOK?

The 4 types of breakdown structures are:

• Organizational breakdown structure
• Resource  breakdown structure
• Risk breakdown structure
• Work breakdown structure

PMI Agile Toolbox

Agile approach to project management is a very hot topic in project management in recent time and PMI has a page prepared just for that.  You can find the link below.  I would like to hear from you on this and please leave your comment in the post.


http://www.pmi.org/en/Certification/New-PMI-Agile-Certification/PMI-Agile-Toolbox.aspx

What is Project Termination?

For any project, the contract should have provisions for stopping work before completion.

Termination can be for cause or for convenience:

• The buyer may terminate a contract for cause if the seller breaches the contract (eg. does not perform).
• The buyer can terminate the contract because they no longer want the work done.

Termination automatically puts the project into closing process group.

What are the major activities for Contract Closure?

The major activities for Contract Closure include:

• Creating and delivering legal documents such as release of lien documents and formal acceptance letter.
  
• Project Archives for Contract File including:
  - Contract
  - Changes
  - Submittals from the seller
  - Seller Performance Reports
  - Financial information
  - Inspection results
  - Lesson Learned

What is Procurement Audit in PMP?

A procurement audit is:

• a formal evaluation of both supplier's performance of the contract, as well as the effectiveness of the procurement process itself.
  
• to establish a record that may be used to shape procurement practices in other contracts for this project or for other projects.

What is Contract Closure?

Contract Closure as defined in PMP means:

• Is the process of ensuring that contract obligations have been met on both sides and resolving any outstanding issues.
  
• Involves verifying that work was done and delivered as specified, updating contract records accordingly and arrange for final settlement of contract obligations.

Updates to the Project Management Professional (PMP) Certification Exam on 31August2011

Sorry I was a bit late to this but if you are interested to know what is in the latest change, please find the information from PMI website below:

http://www.pmi.org/Certification/Project-Management-Professional-PMP/Updates-to-PMP-Certification-Exam.aspx

PMBOK 5th Edition is Underway

According to PMI, the 5th edition of the PMBOK is underway:

http://www.pmi.org/PMBOK-Guide-and-Standards.aspx

So far, we have not been given much information on what will be the change and what will be included in the latest exam.  If anyone who has such information, please share with all of us in this site.

Contract Change Request

What is a Contract Change Request?

• is any requested change to a contract terms.
• involve changes to scope, cost, delivery data or quality of goods or services.

Role of Contract Administrator

Contract Administration is the process of managing the relationship with the seller.

The role of a contract administrator is:

• the compliance officer for the contract
• is responsible for ensuring that the terms and conditions of the contract are met and that the product is fit for use

Weighting Systems

Weighting System:

• ensure that the best seller is awarded the contract.
• assigned to the values of the proposals and each proposal is scored.
• The seller with the highest score is awarded the contract.