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

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

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

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.

Help to prepare and fill PMP exam form

I read a very good article on how to prepare and fill the PMP exam form.  You can find the article in the link below.

http://www.ehow.com/how_4825646_prepare-fill-pmp-application-form.html

PMP Exam Experience Verification Worksheet

I have received an email from The Project Management PrepCast™ on a very useful excel worksheet to fill the experience verification section. Details from the email is as follow:

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All,I have created and released a new MS Excel worksheet that will help you get your PMP Exam application ready.

A big part of the PMP application is filling in the experience verification section. You will have to document all projects that you worked on in the past 8 years. The total hours have to add up to a minimum of 4,500 or 7,500 (depending on your educational background).

This worksheet makes the process easier for you: Select your educational background, enter all your project information and now check if the total comes up to the number that you need. It doesn't make collecting the project information easier for you, but the worksheet is an excellent way to help gather the information before you fill in the online application.

I cannot attach it to this message but you can download it via this link:http://www.pm-prepcast.com/index.php?option=com_weblinks&task=view&catid=38&id=232

Until next time,
Cornelius Fichtner, PMP

The Project Management PrepCast™ - http://www.pm-prepcast.com/The Project Management Podcast™ - http://www.thepmpodcast.com/Project Management Lectures - http://www.project-management-lectures.com/Follow me on Twitter: http://twitter.com/corneliusfichthttp://hk.mc537.mail.yahoo.com/mc/compose?to=pmpodcast@gmail.com

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Draft of New PMBOK - PMBOK 4th edition is now available

I was browsing through PMHub.net and found that the lastest draft version of PMBOK 4th edition is now available. I have extracted the news from PMHub.net below:

Hope this news prod you to grab your PMBOK and make sure you pass your CAPM/PMP exam this year before it is too late. You are all invited to browse the draft of the nex PMBOK, now available direct from PMI at this link:

Draft PMBOK 4th Edition

New PMI Credentials for Project Management in Development

PMI has recently introduce 2 new credentials and I have extracted the lastest information from their website. You may want to refer to the following as well:

In response to market demand to distinguish specialized roles on project teams, PMI introduces two new credentials: one for project risk and one for project scheduling. Because projects are getting bigger, more complex and more globally diverse, the market suggests that risk and scheduling are key aspects of a project. As a result, PMI initiated a two-pronged global research study, employing its dedicated research function, to determine the importance of specialty credentials.

The project scheduling credential and project risk credential addresses the need for project practitioners to distinguish their roles and contributions in their specialized area of project management. These new credentials are currently in development and PMI will release them in 2008. Check back for more information and updates on these two new speciality credentials.