7 Benefits of PMI Membership for PMP Certification Exam

The Project Management Institute (PMI), USA is one of the leading worldwide associations for the project management profession. PMI’s fundamental aim is to advance the practice, science and profession of project management throughout the world in a meticulous and practical manner so that companies can embrace, value and utilize project management and then attribute their success to it.

Individuals regularly address the estimation of Project Management Institute (PMI) participation and ask whether it’s truly worth the charge, which is $129 for every year. I believe that most individuals aren’t mindful of the profits that PMI participation offers. Subsequently, I chose to address this matter focused around my experience. Here’s an autonomous undertake the benefits of PMI membership.

1. SAVE YOU CERTIFICATION EXAM COST:

The most important benefit to become PMI’s member is – you save you PMP certification exam cost.  Do you know that PMI Membership + PMP Certification exam cost for members are less than just PMP exam cost or fee for non-members.

Let’s See How:

PMI Membership = $139 (including $10 Application Fees)

PMP Exam Fee for members = $405

Total cost of Membership and Exam = $544 (Member cost)

PMP Certification Exam Cost of Nonmembers = $555 (non-member cost)

Refer to the PMP Handbook for more details.

2. YOU WILL GET A FREE COPY OF ALL PMI STANDARDS (INCLUDING PMBOK®)

As a PMI member, you are entitled to a free copy of all the standards that PMI publishes. Members can download a free copy (PDF) from the Library of PMI Global standards. Most importantly, PMP and CAPM aspirants can download a free copy of the PMBOK® Guide, Fifth Edition and can save about $40 right there!

WHAT THE STANDARDS INCLUDE?

Foundational Standards

  •  PMBOK® Guide – Fifth Edition
  • The standard for Program Management – 3rd Edition
  • The Standard for Portfolio Management – 3rd Edition
  • Organizational Project Management Maturity Model (OPM3®) – 3rd Edition

Practice Standards and Frameworks

  • Practice standard for Project risk Management
  • Practice standard for Earned Value Management – 2nd edition
  • Practice Standard for Project Configuration Management
  • Few More

PMI standard Extension

  • Software Extension to the PMBOK® Guide 5th Edition
  • Construction Extension to the PMBOK® Guide 3rd Edition
  • Government Extension to the PMBOK® Guide, 3rd Edition

3. FREE ONLINE ACCESS TO PROJECT MANAGEMENT BOOKS

As a PMI Member, you get a free online access of project management books to over 200 project management books from Books24x7. You can find that some of the books will be very useful for your PMP Certification exam preparation.

If you’re preparing for the PMP or CAPM Exam, here are some links to useful resources on Books24x7 that may help you prepare for the exam.

4. ACCESS PMP SPECIFIC INTEREST GROUPS (SIGS)

Another benefit of becoming a PMI Member is that, you can join PMI Specific Interest Groups (SIGs) depending on the area of your expertise and interest. Many of these SIGs conduct free webinars for their members that can be used to earn PDUs for PMP re-certification.

5. GET BENEFITED FROM LOCAL PROJECT MANAGEMENT (PM) COMMUNITY

Once you become a PMI Member, you can be able to sign-up for your local PMI chapter. Local PMI chapters can provide you a decent platform for learning from experts. Local chapters conduct PMP exam preparation training workshops for PMP aspirants. Sometimes, they offer discounts on these workshops.

6. FREE PM NEWSLETTERS, JOURNALS, MAGAZINES, AND MORE

You get free subscription the following once you become a PMI Member:

  • PMBOK® Guide CD-ROM
  • PM Network – Monthly (hard copy)
  • Journals, Newsletters, Magazines, and few more.

7. DISCOUNT ON BOOKS, SOFTWARE, AND OTHER MATERIALS

You can get discount on all published books, software, articles, research papers, and other merchandise. Apart from these, you also get discounts on PMI’s Global congresses, Research conferences, eSeminarWorld (virtual seminars), which can also help you earn PDU’s

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ITIL Certification Why should project managers be ITIL Certified?

Running an IT department in an organization is only about the business instead of about the technology. IT needs to take much more proactive view to managing the technology while driving business in focused projects with bottom line advantages. In today’s world of technology and fast technical environment, most of the project managers don’t know the difference between a framework and a methodology that are being used in current ITSM. Today’s IT framework demands the leader who has the capability to mix both the management skills with technical knowledge before taking any decision. In this case, when the demand of management skill and technical knowledge are compulsory, project management experience with ITIL Certification can be one of the best career prospects.

As ITIL is the industry standards for service management, it is highly recommend methodology while managing a project. Of late, every modification of a service may be termed as a project in organizations. Normally, a project has both start date and deadline date. Being ITIL certification can give you advantage over those who are non-ITIL certified project managers as a project manager on making strategies of formulating, designing, and improving service that has to undergo during a project and for successful completion of the project. It helps project managers to make sure that a working system is already in place at the end of the project.

So the question is – why should  project managers be ITIL certified? Let’s understand with an example. Consider at the launch of an item; if an issue emerges with that item then an administration is required to alter it. An effectively oversaw project will have considered this along these lines the administration is as of now accessible and prepared to go. This is the most attractive conclusion for the customer and ponders well the project manager as a method for proceeding backing after the project has finished. Obviously, there is the alternative to get masters to do this for you however at the end of the project all obligation lies with the project manager, so any choices left to others will at present return to bite. An ITIL trained project manager can settle on the choices themselves or at any rate recognize what they are consenting to when utilizing an ITIL master for guidance.

Your project management job prospects can only improve with ITIL training as more and more organizations implement ITIL (Information Technology Infrastructure Library) methodology. Organizations believe project managers with ITIL certification can take up positions which are centered in project management. Suppose, if a key person as Transition manager is absent in a meeting, ITIL certified professional can compensate for his / her absence.

The most important factors that ITIL can provide are:

  • Importance of Change Management
  • Ability to handle problems, events and incidents
  • Define levels of Service
  • Maintain a catalogue of all services in terms of the business
  • Preparation or modification of an IT infrastructure which will be adept during changes or in times of problems
  • Emphasize on proper establishment and management of processes for preventing unauthorized access and maintenance of strict discipline.

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WHEN WILL THE PMBOK 6TH EDITION RELEASE?

It’s that time again for PMI® to update the PMBOK® Guide and release the next edition. You may or may not be aware about it, but since the PMBOK® Guide is recognized as a standard by the American National Standards Institute (ANSI) as an American National Standard, with the current 5th edition. As a result, the PMBOK® Guide must be updated about every four years to reflect the latest in industry best practices.

Currently the most current PMBOK® Guide 5 update was done on December 2012. PMI has announced that the PMBOK® Guide 6th edition will be released towards the end of 2017.

What revision state is PMI currently on?

In March 2016, PMI released the first draft of the PMBOK 6th Edition to obtain feedback and comments from the project management community. You can submit your feedback if you are a PMI member.
The PMBOK 6th Edition will be finalized and published by third quarter of 2017

Changes in PMBOK 6th edition.

Big change is that the 5th edition had 13 chapters and 415 pages. The 6th edition has 10 chapters and may only contain 84 pages.
Much of the page reduction is expected with the upcoming version of PMI because the 6th edition does not go into detail on all of the inputs, tools and techniques, and outputs

3 new processes will be added
• Manage Project Knowledge → Executing → Integration Management knowledge area.
• Implement Risk Responses → Executing → Risk Management knowledge area.
• Control Resources → Monitoring and Controlling → Resource Management knowledge area.

What should you do?

With every new version of the PMBOK released, student found the PMP exam became harder. At the time of this writing, it is currently end of 2016, which means you still have approx a year left before the PMBOK changes.
Instead of stressing over the changes to the PMP exam, my recommendation would be to get certified now before PMBOK 6th Edition is released.

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What are the Eligibility Criteria for ITIL Foundation Exam?

To achieve a change in the realm of IT industries and technologies, one needs to be productive in the field of IT developments. In order to well in this specific field, one needs to have ITIL certification. The ITIL certification on advanced ITIL 2011 demonstrates the capacity of a single person to give great IT services to the colossal IT firms of the present advanced world.

Before a candidate opts in to prepare/apply for ITIL® Foundation Level Examination, it is important for him/her to know if they are eligible for ITIL® certification and how ITIL® certification will add value in their respective job profiles in IT industries.

I know you are eager to know what the eligibility criteria for ITIL foundation certification are.

Though, there is no mandatory requirement for ITIL foundation level certification, but those IT professionals who look forward to getting a fundamental understanding of the ITIL frameworks can go for it. Also, those who want to understand how ITIL can assist them to increase in quality of IT service management. Lastly, those candidates who are working with a company which has adopted ITIL and they should be informed about.

ITIL® 2011 Foundation Exam Requirements

– Candidate should be aware of the core principles of ITIL® practices for Service Management

– Candidate should also possess appropriate knowledge of the typical ITIL® terminology and structure at Comprehension and/or Awareness   Levels

Levels of ITIL Exam:

Generally, one has to pass the following levels to get ITIL certification. These are:

•             Certificate for ITIL foundation

•             Certificate for ITIL intermediate

•             Certificate for ITIL expert

•             Certificate for ITIL masters

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PMP QUESTIONS: TOP 15 FREE RESOURCES FOR PRACTICE UPDATED

1. You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process?

a) Activity attributes, project scope statement, and activity list

b) Activity list, activity attributes, and schedule data

c) Project calendar, requested changes, and schedule data

d) Work performance information, schedule baseline, and performance reports

 

2. You are managing a project to develop an emergency brake to an upcoming new model of RV. In your project, you have to complete building a prototype before testing can begin. This is an example of:

a) Mandatory dependency

b) Discretionary dependency

c) External dependency

d) Preferred logic

 

3. Your company has decided to outsource one of its IT product developments to ABC IT Services through a contract. You clarify the structure and requirements of the contract so that mutual agreement can be reached prior to signing the contract. Which of the following statements on procurement negotiations are correct?

a) You have to discuss technical and business management approaches, proprietary rights, overall schedule, payments, and price.

b) At the end of the procurement negotiations, you will have a contract document executed by both buyer and seller.

c) The project manager is the lead negotiator on the procurements.

d) Final contract language will reflect all agreements reached.

 

4. Your project, you need to verify whether deliverables meet requirements and product acceptance criteria. For this purpose, which of the following would you rely on?

a) Inspection

b) Expert judgment

c) Observations

d) Focus groups

 

5. The Scope Management Plan is an important component of the Project Management Plan since it provides direction on how the project scope will be managed throughout the project life cycle. The Scope Management Plan documents:

a) Which product requirements will be incorporated

b) How project scope will be defined, developed, controlled, and verified

c) Which stakeholders are most critical for defining the project scope

d) High-level project scope deliverables

 

6. You would like to obtain information, quotations, bids, offers, or proposals from sellers as part of the Conduct Procurements process. In this process, which of the following is the most critical?

a) Determine whether a product should be purchased or manufactured in-house.

b) Ensure that prospective sellers clearly understand the technical and contract requirements.

c) Clarify the structure and requirements of the contract.

d) Prepare an independent estimate to verify the proposed price structures of the sellers.

 

7. Which of the following statements about Control Quality is accurate?

a) Prevention refers to keeping errors out of the process, whereas inspection refers to keeping errors out of the hands of the customer.

b) Attribute sampling determines whether the result conforms or not, and variables sampling determines the degree of conformity.

c) Tolerances refer to a specified range of accepted results and control limits refer to thresholds, which can indicate whether the process is out of control.

d) Control Quality is only performed during the Monitoring and Controlling phase of a project.

 

8. You are the project manager of a project which involves off-shore oil exploration. Since you cannot plan for all eventualities, you establish a contingency reserve, including amounts of time, money, or resources to handle the risks. This is an example of:

a) Risk avoidance

b) Risk transfer

c) Active risk acceptance

d) Improper risk planning since all risks should be identified and accounted

 

9. You are a project manager. You have received a request from the stakeholders to provide more features to the product. Which tools and techniques do you use to process the request through “Perform Integrated Change Control” process?

a) Expert judgment and risk identification

b) Change control tools and project document updates

c) Expert judgment, meetings, and change control tools

d) Expert judgment, meetings, and stakeholder analysis

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PMP Exam Training Alternatives

Have you set your mind to prepare for PMP Exam? If yes, then you will want to make sure your pmp exam training alternatives are bursting with things to help you on the journey to becoming a PMP.  There are several options to consider when looking at the project management study materials as well as training options on the market. Sometimes, it can be difficult to know where to start.

Project Management Professional certificate is a highly sought after career demarcations in both prosperous and challenging economic times. Experts say – PMP certified means it is the recognition of “demonstrated knowledge and skill in leading and directing project teams and in delivering project results within the constraints of schedule, budget and resources. There are more than 1,400 registered training providers. When you settle on a PMP exam preparation choice, I urge you to set a deadline to take the exam, pay the exam expense, and make an arrangement for arriving at your objective. It’s additionally paramount to variable in your plan and your learning mode when arranging your preparation technique.

PMP exam prepare and preparing tips

The following are training options for the PMP exam due to having lots of advantages related to Project management certification. You may decide to run with one of these alternatives or join more than one of these recommendations into your preparation plan. I likewise found that planning time for mulling over was a paramount some piece of my PMP prep work.

Alternative 1: Attend a PMP classroom training

On the off chance that you take in best in a classroom setting, think about heading off to a 3-4 day PMP planning course. You can take part in activities that fortify the course taking in destinations and ask the educator inquiries vis-à-vis. These training camps give quickened realizing, which additionally takes on at a high cost. (Tip: I don’t propose finishing a 4-day training camp and after that taking the PMP exam the one day from now.)

Alternative 2: Online courses are extraordinary for individuals on the go and are typically less unmanageable than classroom based preparing in light of the course supplier’s easier overhead. They are generally much less expensive than educator lead classroom courses. This alternative obliges a medium measure of self train in that you have the adaptability of examining inside your timetable. Online course generally offer a mix of webinars that you watch, site pages that you read, and archives that you download to study.

Some have due dates, and some don’t, so however you have the option to finish segments on your own you’ll require a medium measure of self order to safeguard that you complete inside the time permitted by you or the prerequisites of the course itself. Like the Classroom Based Training, online courses can represent all or a piece of your thirty-five (35) contact hours needed to sit for the PMP exam. In the event that this is essential in your arrangement, be sure to confirm before you sign on the dotted line.

Alternative 3: Join PMP Discussion for study

To join study group will definitely be beneficial at the start.  If you are searching for peer support, you should search for a discussion / study group place where you will have latest information about exam pattern and training materials along with tips on passing the PMP exam.

Conclusion:

So what should be approach to training and studying the PMP? If I were you, I would have taken the following approach:

  1. Purchase live training program with sample practice questions for each knowledge area.
  2. Develop a study plan which includes reviewing the PMBOK (latest edition).
  3. Spend four hours on Saturday and Sunday reviewing the past quizzes and sample exams.
  4. Test skillset by taking two hundred questions.

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