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PMP Masterclass Introduction

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PMP Masterclass Introduction

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You are on page 1/ 75

PMI® AUTHORIZED

PMP® EXAM PREP


COURSE
PMI® Authorized PMP® Exam Prep Course

Trainers | Consultants
WELCOME
Thank you for joining the PMI Authorized PMP Exam Prep course!

If you’ve earned your CAPM® certification with us, welcome back.

Or if you’re coming from another project management background,


certification, or work experience, we’re pleased to welcome you to
PMI’s community of learning.

We’re really proud of our 50-year history of peer-to-peer learning and


membership and wish you the best of luck as you undertake your PMP
exam preparations.

3
Your Instructor

Ronald Kefa, MBA, PMP®, PMDPro


v A project management expert with over 14+
years in the NGO sector, having worked
with a number of international NGOs.
v Lead Trainer and Consultant with Peak Point
Consulting group.
Ø Contact: +254 721 843427

4
Your Instructor
Eng. Kevin Nyakundi, MBA,PMP®, CPA-K,
v Project Engineer with a vast experience in
energy sector projects and electrical
engineering projects spanning over 12 years.
v Executive Director – Maxwell Leadership
Certified Team.
v Lead trainer and consultant at Peak Consulting
Group, where he runs the executive
development courses.
v Contact: +254 724 217 005

5
Key Ideas

Ø Projects are focused on business results by creating


value, competitive advantage, and winning in the
marketplace.
Ø Most projects today are uncertain, complex, non-
linear, and changing.
Ø Meeting the “triple constraints” of time, budget, and
scope is insufficient to guarantee business success.

6
• Are YOU Ready?
• Do you have the skills that your organization executives are looking
for?
• Do you know what those skills are?
• Can you connect what you do everyday to your organizations business
goals?
• Can you demonstrate that you understand the future direction of your
organization and you can help your organization to get there a head of
competition?

7
• Are you going to wait for someone to tell you what you
should know and what you should DO or you are already on
your path towards that?
• Are you developing your portfolio of skills to match what the
organization needs? NOT NOW but 3 to 5 years so that you
help your organization;
§ Beat competition
§ Become more productive
§ Deliver more VALUE to all its stakeholders

8
The case for effective project management

• The world has become more projectized, We are in the


Era of the Project Economy.
Ø Projects and programmes help organisations achieve
their goals and strategic objectives:
v 95% of government policies are delivered through
major projects1 .
• The Project Management role is now more strategic
than ever.

10
11

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
Worldwide, capital projects and infrastructure
spending is expected to total more than $9 trillion
per year by 2030, up from $4 trillion per year in
2012
Source: www.pwc.com/cpi-outlook2025

12
Africa Construction In Focus: 2020 (Projects worth 50M USD)
Africa Construction In Focus: 2020
Africa Construction In Focus: 2020
The quantum of projects that
failed to be delivered on time
40-45% and within budget has
remained consistently at 40% -
45% over the years.
Source: 2021 KPMG LLP

16
$130 million

In the UK, $130 million is


wasted for every $1 billion.

Source: Management Institute (2020) Pulse of the


Profession 2020.

17
• The number of new project
25 Million professionals required globally by
2030
PMI (2021). Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications.

18
2022 Jobs Report

19
Success in complexity

• Projects are getting larger and complexity is increasing; in terms


of design, financing, procurement, risk, and ultimately
EXECUTION!!!
• Complex projects and programs involve significant uncertainty
and volatility, which has become a constant in the current project
delivery environment. Project professionals and organizations
must evolve to thrive in complexity.

20
“80% Of global executives believed having project
management as a core competency helped them remain
competitive.”

Source: Economist Intelligence report 2019

21
The Future Ready PM

68% Technical Skills 65% Business skills

65% Leadership Skills 50% Digital Skills

source:Future-Focused Culture (2020)


PMP
A LOOK AT THE CERTIFICATION
What is (PMP)®
Ø Project Management Professional (PMP)®
Ø PMP® certification is a globally-recognized project
management certification. It proves you have the ability to
lead projects for any organization and in any industry.
Ø PMP certification is a mark of excellence — in any location, in
any industry.
Powering The Project Economy

11% 25%
34%

15%

3%
25%
18%

9%
Why earn PMP certification?
v Demand for Skilled project managers is on the rise.
v PMP certification is designed by project professionals, for project
professionals and validates that you are among the best.
v The PMP adds value: CIO magazine ranked the PMP as the top
project management certification.
v The PMP delivers benefits – Higher Salary
PMP

26
Is PMP Certification for you?
Factors that may influence your decision:
v Current / desired employer
v Professional development goals
v Personal growth
v Your current profession PMP
v Career path
v Desire to successfully implement your
projects.
v Salary

27
In summary obtaining the PMP certification can help you;
ü Enhance your project management skills
ü Boost your career prospects
ü Increase your earning potential
ü Expand your professional network

28
You, Getting Certified
• Four-year degree PMP
• 36 months in a projects environment
• 35 hours of project management
education/training or CAPM® Certification

— OR —

• A high school diploma or an associate’s degree


(or global equivalent)
• 60 months in a projects environment.
• 35 hours of project management
education/training or CAPM® Certification

29
Project Management Institute (PMI)
v Project Management Institute (PMI) is the leading professional
association for project management, and an authority for
millions of project professionals globally.
v Founded in 1969
v 303 chapters in 213 countries
v 700,000+ members and 1,300,000 PMP credential holders
What Will you Learn in the PMP Course
v These are the 10 Project Management knowledge areas:
1. Project Integration Management
2. Project Scope Management
3. Project Schedule Management
4. Project Cost Management
5. Project Quality Management
6. Project Resource Management
7. Project Communications Management
8. Project Risk Management
9. Project Procurement Management
10. Project Stakeholder Management
The Project Management Canvas
Initiation Planning Implementation Closure

• What is the project? • What is the scope of • What risks need to • Were the original
the project? be considered objectives achieved?

• What problem needs • What planning is • How are • What needs to be


to be solved? needed? stakeholders measured?
engaged?
• What is needed? • What resources are • How is the • How will I give and
necessary? communication? receive feedback?

• What are the • When is the • Am I doing the


options? deadline? project right?
• What are the • How much will it
outcomes and cost?
deliverables?
Monitoring and Review
The PMP® Exam Domains

Ø People – emphasizing the skills and activities associated with


effectively leading a project team
Ø Process – reinforcing the technical aspects of managing a
project
Ø Business Environment – highlighting the connection between
projects and organization strategy

34
The PMP® Exam Format

• 180 questions
• 230 minutes to complete the exam
• Two optional 10-minute breaks for
computer-based (online-proctored) tests,
including center-based tests; paper-
based exams have no breaks
• Questions are multiple-choice, multiple
response, matching, hotspot and fill-in-
the-blank

Copyright 2023© Project Management Institute, Inc. All rights reserved. 36


This material is being provided as part of a PMI® course.

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
Your Investment

PMP Training Fees


• KES. 40,000/ 330 USD

The PMP® Exam Fee


• PMI Members Exam Fees
§ 284 USD
• PMI Non-Members Exam Fees
§ 555 USD
Contents

Lesson 1: Lesson 3: Lesson 5:


Business Plan the Project Support the Project
Environment Team

Lesson 2: Lesson 4: Lesson 6:


Start the Project Lead the Team Close the
Project/Phase

38

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
Course Benefits

• Learn all important concepts of Project


management.
• Apply project management techniques on
your projects.
• Pass your PMP Exam on your first attempt.
Revision Materials
Gallery
Gallery
Gallery
Sample Certificate of Completion
What they Have Said
What they Have Said
Enjoy Your PMP Journey

48
Let’s Get to Work!

49
Introduction
What is a
Project?
A project is a temporary endeavor undertaken to create a unique product, service or result

A project:

• Creates a unique product, service or result


• Is time-limited

What is a
• Drives change
• Enables value creation for a business or organization

Project success depends on:

Project? •


Organizational project maturity
Project manager effectiveness
Funding and resource availability
• Team member skill levels
• Collaboration and communication within the team and
with key stakeholders
• Understanding of the core problem and related needs
Project Vs. operations
Projects Operations
1. Temporary Endeavor 1. Ongoing Routine

2. New original work 2. Repeated Work

3. Unique product 3. Repetitive output

4. Introduce changes 4. Keeps the business going.

Similarities

v Performed by people & resources

v Constrained by limited availability of resources

v Planned, executed, and controlled

53

53
“Operations keeps the lights on, strategy provides a light at the end
of the tunnel, but project management is the train engine that
moves the organization forward.” ~ Joy Gumz
Projects Drive
Change

Projects drive change in organizations. From a business perspective, a


project is aimed at moving an organization from one state to another state in
order to achieve a specific objective
Projects Enable Business Value Creation

• The net quantifiable benefit


(tangible and/or intangible)
identified from a business
endeavor.

• Benefits realization is based


on declared business value
Types of
Business Value

Financial New Social


Gain Customers Benefit

First to Improvement Regularization


Market Technological, Alignment or
process, etc. compliance with
standards and
regulations

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
57
Organizational
Influences Influences

Enterprise Environmental Factors


(EEFs) Refers to all the implicit input or
Conditions outside the
• Internal and external to immediate control of the
assets on processes used by an
organizationInternal
in operating a
Internal
team, and influence,
and that External
the organization EEFs
constrain, or direct the
business. This may include, but
OPAs
(Click to show definition) is not(Click
limited to, business
to show plans,
definition)
project, program, or
processes, policies, protocols,
portfolio.
and knowledge.
Organizational Process Assets (OPAs)
• Project policies,
procedures and
Process, Corporate
templates External Internal
Policies and Knowledge
Procedures Base
• Historical project
information

Copyright 2022© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
58
Project

Why are Customer Organizational Legal


Market
projects Demand Request need Requirement
undertaken?
What is
Project
Management?

The application of knowledge, skills, tools and technique to project


activities to meet project requirements.
The Value of Project Management
• Better Planning
• Collaboration and communication
• Optimized resource allocation
• Reduced costs and timely deliveries
• Enhanced quality
• Satisfy stakeholders expectations
• Increased productivity
• Be more predicatble
Strategic
Alignment and
Business
Do you:
Management
Skills • Know your organization’s strategic plan?
• Understand how project goals matter to an organization's long-term
vision and mission?
• See a high-level overview of the organization?
• Have a working knowledge of business functions?
• Have pertinent product and industry expertise?

Can you:

• Explain the essential business aspects of a project?


• Work with SMEs and a sponsor to develop an appropriate project
delivery strategy?
• Implement strategy to maximize the business value of project?

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
62
Strategic Management Elements and Frameworks

Some agile projects use a goal-


setting framework such as OKRs
(Objectives and Key Results) that
describes the organization’s
objectives and desired key results.

ongoing

Note: From PMI’s Standard for Portfolio Management

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
63
Programs and Portfolio

• A program is group of related projects managed in a coordinated way to obtain

benefits not available from managing them individually.

• Project may or may not be part of a program but a program will always have projects

• Projects within a program are related through the common outcome or collective

capability.

• A portfolio refers to projects, programs and operations managed as a group to

achieve strategic objectives, The projects or programs of the portfolio may not

necessarily be interdependent or directly related.

PAGE //64
Portfolios
Programs
and
Projects
Portfolios
Programs
and
Projects
Project Skills Every Good PM Needs:
• Business Management and
Manager Strategic Skills
• Communication Skills
• Conflict Management Skills
• Negotiation and influencing
Skills.
The person responsible for • Leadership skills
accomplishing the project • Emotional Intelligence

objectives.

67
Project Manager Competencies
The PMI Talent Triangle

68
69
End of
Introduction

70
71

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
72

Copyright 2023© Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
Training ü Saturday Classes - 8 Saturdays : 8.00am to 1.30pm
ü Weekdays Evening Classes: 6.00pm to 9.00pm (4
Modules weeks.

73
Live Online Classes:
Training
Fee Offer KES. 40,000
USD:360
74
Contacts • Email: info@ppcg.co.ke
• WhatsApp /Call: +254 724217005 / +254 721843427

75

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