IS IT FOR YOU?

The Project Management Professional (PMP)

Carla Fair-Wright, PMP, MCTS, CSQEASME International ASME Early Career Meeting 21 August 2014

Contents

PMP• PMI History

• Benefits & Disadvantages

• Step-by-Step Application

ALTERNATIVES • Masters of Business Administration (MBA)

• Professional Engineer License (P.E.)

My First Project Infrastructure Deployment --80 sites CONUS --$.5MM--1 Year

First Response? Did I..

A. Interview the current project manager. B. Review all existing project documentation. C. Call my former boss.D. All of the above.E. None of the above

Project Management Institute (PMI) Founders

James Snyder, A. E. "Ned" Engman, Susan C. Gallagher, Eric Jenett, Gordon Davis

Founded in 1969, the Project Management Institute (PMI) is the global professional association for project managers

Project Management Institute (PMI)

1969 – PMI was founded 1976 – Documented standards began1984 – First PMPs certified1987 – Revised PMBOK. Guide approved 1994 – Update and exposure draft of PMBOK Guide1995 – Revised PMBOK. Guide approved, 19961997 – Job Analysis completed1997 – PMP. Exam given at The Sylvan Learning Centers1998 – PMP. Exam revised to 200 questions1998 – PMP. Qualification with point system no longer used2000 – Update and exposure draft of PMBOK. Guide2005 – PMBOK® Guide 3rd Edition, 2009 – 4th Edition2011 – 500,000 PMI® Members & PMPs, more standards2013 – PMBOK® Guide 5th Edition, 2013 – 5th Edition

The Benefits of Getting Certified as a Project Management Professional (PMP®)

The median salary worldwide is $92,000, and in the US, $105,000. About 75% of project managers earn over $65,000 per year.

Indicates a thorough and deep knowledge of project management experience and significant experience managing projects or being in a leadership position on projects and being responsible for delivering results.

Will declare that you are qualified Project Engineers / Managers

Process teaches you how to motivate others and drive results

7 project-intensive global industries will create over 15 million new project management roles in this decade:

Construction, Utilities, Manufacturing, Business Services, Finance and Insurance, Oil and Gas, and Information Services, plus Healthcare in the United States

Increase the demand for qualified project managers by over 12%.

Over 6 million workers in project management roles in the United States by 2020, managing trillions of dollars in projects each year.

Disadvantage: Expensive/Time consuming/Requires re-certification every 3 years

Benefits & Disadvantages - continued

2013 study by the Project Management Institute (PMI)

Eligibility for PMP

Bachelors degree holders, minimum 3 years/36

months experience, with at least 4500 hours of project management experience.

Diploma and Associate's Degree, minimum 5

years/60 months experience, with at least

7500 hours of project management experience.

35 Contact Hours of formal Project

Management Education

The Exam4 hour examination with 200 questions.

Among the 200 only 175 will be considered for the score.

Six domains are the 5 Process Groups of Initiation, Planning, Execution, Monitoring & Control and Close Out and the Code of Ethics & Professional Conduct.

On your PMP Exam scorecard each area is broken down and given a rating of Proficient, Moderately Proficient, or Below Proficient.

Overall Pass/ Fail is decided based on the number of questions answered and by psychometric analysis

Computer based testing (Prometric) fee for PMI members is $405 US, while for non-members it is $555 US.

47 Processes

Check In

A. PMP is globally recognized. B. Higher pay.C. Greater credibility. D. All of the above.

Benefits of passing the PMP Exam are:

Step-by-Stephttp://www.pmi.org/Certification.aspx

Current AddressContact Information

Attained Education

Eligibility for PMP

Eligibility Worksheet

Eligibility Worksheet – PM Experience

Eligibility Worksheet – PM Experience

Eligibility Worksheet – PM Experience

Eligibility Worksheet – PM Experience

Eligibility Worksheet – PM Experience

Enter Hours by Domain Areas

Initiation PlanningExecutionMonitoring & ControlClose Out

Eligibility Worksheet – PM Experience

Maximum 550

Detailed Narrative Initiating - Defined type of control systems to be deployed

Planning - Defined and documented SCADA hardware and software for deployment

Executing - Coordinated deployment of control systems to 45 plants in North America

Monitor & Control - Tracked, managed and reported on the progress of an IT project team.

Close - Led Lessons Learned sessions

Eligibility Worksheet – PM ExperienceTypical ratios: Initiation 10%, Planning 30%, Executing 25%, Controlling 30%, Closing 5%

Describe by phase the tasks you led and directed and the deliverables that were created.

Eligibility Worksheet – PM Experience

Eligibility Worksheet – Education

Eligibility Worksheet – Education

Agreement

Review and Submit

Application Received Once you have submitted your eligibility application, it can take 5-10 working days to process it, and on rare occasions can even take up to 6 weeks. After you submit your eligibility application, 5-6% of people are then chosen for a random audit from PMI that must be completed before your eligibility is confirmed.

PMI Audits

The Three Ways to Fail a PMP Exam Audit:According to PMI’s Customer Care there are three ways that you can fail an audit: No Fault, Non-Compliance and Fraud. 1.) No Fault “Cannot verify education or experience through no fault of their own - No suspension period and cannot reapply until candidate can provide the experience hours and document them” 2.) Non-Compliance“Candidate chooses not to attempt audit - One year suspension period” 3.) Fraud “Providing False Information - Permanently suspended from sitting for PMI exams”

Email Notification

Name exactly as it appears on your identification: Carla Fair PMI Identification Code: 1805401E1Exam: PMPLanguage the Examination will be Administered in: English Language Aid: Eligibility Expiration Date: 18 Aug 2015 Computer-based Examinees:If you are taking a computer-based examination, please schedule your examination by following the detailed examination scheduling instructions at http://www.pmi.org/PDF/CredentialExamSchedulingInstructions.pdf. Due to high-test volume, it is recommended that you schedule to test at least six weeks before the intended date of testing.

Scheduling The Examhttps://www.prometric.com

Scheduling

Scheduling

Scheduling

Check In

A. Bachelors degree, minimum 3 years experience, 4500 hours of project management experience.

B. Diploma and Associate's Degree, minimum 5 years experience, 7500 hours of project management experience.

C. 35 Contact Hours of formal Project Management Education.

D. All of the above.

To be eligibility for PMP you must have:

Alternatives

Professional Engineer LicenseEarning and maintaining a PE license enables an engineer to become an independent consultant, a government engineer, or en educator.

A PE license earn a median income of $100,000, compared with the $95,500 for unlicensed engineering professionals.

Upon completing a four-year college degree from an ABET-accredited engineering program, you can become classified as an “engineer intern” (EI) or “engineer-in-training” (EIT) by successfully completing the first intensive exam.

4 years qualifying engineering experience working under a PE

Principles and Practice of Engineering (PE) exam

2012 report from the American Society of Civil Engineers and the American Society of Mechanical Engineers

Professional Engineer License - Benefits1. Your PE License Sets You Apart

2. Your PE License Generally Means a Higher Salary

3. A PE License Can Make a Difference in the Hiring Process

4. A PE License Gives You the Ability to Sign and Seal Plans and Drawings

5. You Can Only Officially Call Yourself an Engineer If You Have a PE License

6. Having a PE License Means You Can Work Anywhere in the Country

Masters of Business AdministrationA full-time MBA program at a top-tier school might cost you $80,000 in tuition and $140,000 in opportunity costs, but that assumes you’re paying for it yourself.

Benefits Large traditional companies like GM, Chevron, and others.

Assist with a career change especially from a technical field to a business-oriented one.

MBA ? If you’ve decided an MBA is right for you, consider a program that focuses on management and leadership, and one that will let you customize your curriculum to develop skills for a particular industry.

Look for a faculty, too, that mixes scholars with experienced business practitioners.

Summary – Why the PMP

It is a differentiator against the competition.

While it is said that "experience is the greatest teacher," a certification "rounds you out.“

You can be a better mentor.

Establishes you as a continuous learner.

Enables you to better evaluate the talents and skills of others.

Being a PMP can lead to networking opportunities and potential job opportunities.

Questions

Final WordsPMP certification may or may not be right for you personally depending on your career goals

If you’re not sure if PMP certification can help you in your career, you might want to try asking your Human Resources department, weighing the pros and cons of certification with your manager or co-workers, or consulting the project managers at the Houston PMI chapter.

Please contact me if you have any other questions about the PMP. You can always contact me at carlawright@yahoo.com