PMI Qualitative Report Reaction to Statements Supporting the Value

Certification Update 28 January 2007 Presented by Betsy Redden PMP & CAPM Examination Developer Tom Bates, MBA Certifications Standards Supervisor Worldwide, organizations will embrace, value and utilize project management and attribute their success to it. – PMI Vision Statement 2 Discussion Points • Background on PMI Certification Practices & Processes • PMI Certification Program • PMP® • CAPM® • PgMPSM • Maintaining Your Credential 3 Background on PMI Certification Practices and Processes 4 Certification Program Governance  Certification Governance Council (CGC) re-chartered in 2005 to assume increased responsibility for Certification Program  An administratively independent body reporting to the PMI Board via the Governance Committee  Responsible for identifying and supporting implementation of strategic objectives as specifically related to the Certification Program  Representative of credentialed populations 5 Global Practices and Acceptance  ISO 9001 certified Certification Department - first of its kind Successfully passed routine audit Q1 „06  ISO 17024 accreditation Awarded to PMI in 2006 ISO is the International Standard Organization, a fair, impartial and globally recognised accreditation body 6 First-ever Regional-based Study  5 regional focus groups held to gather information North America Asia Pacific EMEA Latin America Summary Meeting Role Delineation Study  Web-based survey instrument developed and launched globally to validate regional findings  A global certification standard that serves as the basis for the revised exam  New exam questions developed based on current PM reference texts and mapped to ensure sufficient questions to assure candidate knowledgeable in areas identified as necessary for PMPs 7 PMP Examination Specification Global Certification Standard  Why create an exam specification? Provides percent of questions/domain on exam Used by trainers to guide instructional design Used by students to guide their studies Critical to ensure exam has content validity Content validity – does the exam evaluate the knowledge or skill required to function as a practitioner in the field? 8 PMP Examination Specification  Resulted from market research project  Establishes the blueprint for exam construction  Identify domains, tasks, knowledge and skills  Use psychometrically-sound methodologies 9 PMP Examination Specification Examination Blueprint Domain Initiating Planning Executing Monitoring and Controlling Closing Professional and Social Responsibility Percent of Questions 11% 23% 27% 21% 9% 9% 10 Questions about Certification Practices & Processes? 11 Overview: PMI Certification Program Data on the Value of Certification PMI’s Executive Survey on Project Management Study  Findings from the 2004 survey showed: 26% of executives reported using "trained, certified project managers" to lead new projects  increased to 40% in 2005 Findings from the 2005 survey showed: 61% of executives consider certifications "somewhat useful" or "very useful" in evaluating employees' abilities at managing projects 13 KPMG Global IT Project Management Survey (2005) Data on the Value of Certification  Included "qualified PMs" as a factor that exists in “organizations with lower project failure rates”  Complete profile of these organizations is: Have PMO that manages all projects Report to board on major projects Have formal benefits tracking process Have formally qualified PMs Always perform rigorous risk assessment 14 Interest in the PMP PMP Growth Since 1984 250,000 200,000 150,000 100,000 Total PMPs 200,000 180,000 100,000 50,000 40 4,769 5,294 6,397 10,000 18,184 27,052 40,343 53,000 75,000 0 1984 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 15 Demand for Project Managers  PMI performed a global survey of senior corporate executives in 2004 73% of these executives currently employ professional project managers 92% concur that “utilizing professional project managers is an effective way to ensure success” 16 PMI Certifications  Project Management Professional (PMP®)  Global community of over 200,000  Certified Associate in Project Management (CAPM®)  Over 1,500 people worldwide have attained  More than 3,500 approved and preparing to sit for the exam  NEW – Program Management Professional (PgMPSM)  Developed for practitioners who manage programs  Available in 2007  OPM3® ProductSuite certification  Nearly 30 certified since launch in June 2006  For internal and external service providers (professionals) who perform assessment and consulting services 17 PMI’s Certification Program Program = 1 PgMP overseeing multiple projects Project = 1 PMP and multiple CAPMs Portfolio = Organizational Project Management (OPM3) OPM3® ProductSuite Certification 18 Defining Programs and Projects Projects – are temporary, meaning they have a definite beginning and end, and they are undertaken to create a unique product, service or result. Programs – a group of related projects managed in a coordinated way to obtain strategic benefits and control not available from managing them individually. 19 Career Path  Project management skills are an imperative for improving operational performance and customer satisfaction.  Having a career path is an important part of employee retention and it reflects directly on the bottom line.  Organizations are embracing credentials in their professional development and performance appraisal processes. 20 Project Management Professional (PMP®) Who Can Benefit by Obtaining a PMP Credential? Practitioners who:  Are responsible for all aspects of the project for the life of the project  Lead and direct cross-functional teams to deliver projects  Demonstrate sufficient knowledge and experience to apply a methodology to projects 22 PMP Certificants: Who Are They? From the 2005 Member Satisfaction Survey...    45% work in IT/IS 85% have at least 5 years of project management experience 62% are program or project managers 23 PMP: Benefits to Project Teams  Enhances communications among project peers  Makes project team more marketable/viable to potential clients  Helps organization achieve more accurate assessment of the scope of their project needs  Time allocated more efficiently – assessing needs prior to project initiation, less time on administration  Increases likelihood of projects being successfully managed within the triple constraints 24 PMI Salary Survey: Compensation Rises With PMP Source: PMI’s Project Management Salary Survey – Fourth Edition, for PMP holders based in the US. 25 What are the PMP Eligibility Requirements? Educational Background* Bachelor‟s degree or the global equivalent AND Project Management Education 35 contact hours of formal education AND Project Management Experience* Within the last 8 consecutive years, 4,500 hours or a minimum 36 months, of unique and non-overlapping project management experience spent leading and directing project tasks. *Eligibility requirements are different for candidates who do not hold a bachelor‟s degree or the global equivalent 26 How Do I Prepare for the PMP Examination?  Study the following project management content areas:      Communications Management Cost Management Quality Management Risk Management Human Resources Management  Procurement Management  Scope Management  Integration Management  Time Management  Become familiar with PMP Examination Specification 27 Questions about the PMP credential? 28 Certified Associate in Project Management (CAPM®) Who Can Benefit by Obtaining a CAPM Credential?  Project team members who wish to demonstrate their knowledge of project management processes and lexicon used by most project managers  Project management practitioners seeking to advance their careers in project management  Qualified undergraduate and graduate students with an interest in project management 30 CAPM Certificants: Who Are They? Overall, CAPM certificants can be considered to have fundamental project management knowledge:   On average, 5 years of project management experience About 20% hold titles of project coordinator, functional manager or project engineer 31 CAPM: Benefits to Project Teams  Allows project team members to “speak the same language” Effective communication can be like a technical skill:  How to write a project plan  How to set up a schedule  These processes are very different from managing a project.  Fundamental understanding of project management processes (based on the PMBOK Guide®  Third Edition) 32 What are the CAPM Eligibility Requirements? Educational Background Bachelor‟s or Associate‟s degree or High school diploma, or the global equivalent AND Option 1: Project Management Education 23 contact hours of formal education OR Option 2: Project Management Experience 1,500 hours of work on a project team 33 How Do I Prepare for the CAPM Examination?  A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Third Edition Providers (R.E.P.s), Component organizations, or other trainers  Prep courses offered by PMI Registered Education  University/college academic and continuing education programs 34 Project Tasks and Roles  Responsible for leading and directing project tasks PMP  Tasks concentrated in project integration, time, scope, and communication management CAPM  Responsible for overall project success  Responsible for individual project tasks  Manages projects to stay within specified scope, budget and timeline  Heavily involved in project plan execution  Responsible for individual projects  Some assume full, rather than partial responsibility for project tasks 35 Questions about the CAPM credential? 36 Program Management Professional SM (PgMP ) Program Management Professional SM (PgMP ) The role of a program manager is to:  Coordinate the management of multiple related projects  Lead and direct constituent project managers  Make and implement decisions that accomplish strategic objectives 38 Program Management Competence Evaluation 3-step assessment process: 1. Review of candidate‟s work experience 2. Multiple-choice exam 3. Multi-rater assessment 39 What are the PgMP Eligibility Requirements? Educational Background*  Bachelor‟s degree or the global equivalent AND Experience*  Minimum 4 years project management experience, and  Minimum 4 years program management experience  Project and program management experience must have been accrued over the last 15 consecutive years *Eligibility requirements are different for candidates who do not hold a bachelor’s degree or the global equivalent 40 PgMP: Benefits to Project Teams Individuals who attain the Program Management Professional credential bring value to PMOs by:  Aligning multiple projects to optimize achievement of program goals  Providing a more comprehensive approach to resource allocation  Increasing support for accomplishment of organizational project management maturity 41 Project Tasks and Roles PMP PgMP  Responsible for leading and directing project tasks  Manages a group of projects that are directed toward a common organizational objective  Responsible for overall project success  Works to ensure ultimate success of the program  Manages projects to stay within specified scope, budget and timeline  Demonstrates sufficient knowledge and experience to make decisions that advance strategic objectives  Responsible for individual projects  Makes recommendations to modify programs to more effectively achieve objectives 42 Questions about the PgMP credential? 43 Maintaining Your Credential 44 Continuing Certification Requirements (CCR)  Rationale  Enhance ongoing professional development of certificants  Encourage and recognize individualized learning opportunities  Offer a standardized and objective mechanism for attaining and recording professional development activities  Sustain the PMP as a globally recognized credential  Participation  PMPs who wish to renew and maintain their PMP Credential 45 How are the requirements met?  Participants earn Professional Development Units (PDUs)  Education, work related activities, and volunteerism = PDUs  PDU = Equal to one hour in a structured learning activity 46 CCR Renewal Process  Renewal application + PMP Code of Professional Conduct  Renewal Fees $60 (US) for members $150 (US) for non-members 47 Thank you for your attendance and participation For more information… • • • • Certification Program brochure CAPM, PMP and PgMP Handbooks CCR Handbook www.pmi.org – follow link to Certification Program 48 Any Questions? Continuing Certification Requirements (CCR) Contact: Tom Bates, Certifications Standards Supervisor at tom.bates@pmi.org PMP & CAPM Contact: Betsy Redden, PMP & CAPM Examination Developer at betsy.redden@pmi.org PgMP Contact: Elisa Kahn-Ellis Program Management Examination Developer at elisa.kahn-ellis@pmi.org 49

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