What is PMP Exam
Project Managers who are aspiring to be Project Management Professionals (PMP) are bound to expand their skill set and demonstrate their capabilities in efficiently managing projects. As PMP is the highest benchmark certification, it requires candidates to have an in-depth understanding of various concepts and latest practices involved in Project Management. The PMP exam is conducted by the Project management Institute. The new domains considered for PMP exam are as follows:
- Business Environment
This new exam pattern is said to focus its questions on predictive PM, and agile or hybrid approaches. Compared to the initial 5 domains which highlighted the project life cycle process, the new key elements are in accordance with the Talent Triangle designed by PMI.
PMP Exam Prep
To procure the PMP Certification Online, aspirants should do PMP exam prep and must be well-versed with the 3 domains mentioned above, along with other topics which are present in the PMBOK guide.
The PMP Exam: how to pass on your first try
While preparing for PMP exam, aspirants must refer to the following concepts which will assist them in acing the exam in one go.
Project Management Processes:
The fundamental processes involved in project management are quite hard to miss. Though project managers are well-aware of the 5 processes which take place in project life cycle, it is good to gain a deeper understanding of each phase to perform the tasks of a project in an efficient manner.
Framework of Project Management:
This area focuses on various aspects which constitute the structure of project management, including the roles of a project manager and functioning of project management office.
Project Integration Management:
This area focuses on the central processes involved in project management. Also, aspirants can gain an understanding of how to manage a project team and select a project using defined methodologies.
Project Scope Management:
Scope Management focuses on defining the product scope and project scope. An aspiring project manager will be introduced to the core processes involved in scope management along with its defined terminologies.
Project Resource Management:
This topic covers what roles and responsibilities must be carried out by the project manager and how to manage conflicts arising in the team. Project managers are also familiarised with the theories of motivation which helps in building an enthusiastic project team.
Project Schedule Management:
This area of project management covers the concepts of managing schedules by using Gantt Charts, Network Diagrams, and Schedule Network Analysis Techniques.
Project Cost Management:
Cost management helps project managers to understand the importance of budgets, cost estimating, and various terminologies involved in managing costs while working on a project.
Project Quality Management:
It is essential for aspirants of PMP to gain knowledge on what is considered as quality while delivering a project. The basic tools established for determining the quality of a project and the processes involved are core areas of quality management dealt in the PMP course.
Project Communication Management:
This area of PM necessitates effective communication between the project manager and the project team. As various channels of communication are available, it is important to determine the formal channels of communication amongst the team for efficiently carrying out the project-related tasks.
Project Risk Management:
This area of project management aims to guide project managers on different types of risks, analyse its impact and gain an understanding of key terminologies of risk management.
Project Procurement Management:
While procuring projects for the company, project managers need to have basic knowledge of contracts, its advantages and disadvantages, and various concepts relating to procurement management.
Project Stakeholder Management:
Stakeholders are important for business and its growth. Therefore, project managers are entitled to maintain healthy relationships with stakeholders by effectively communicating details about the project.
PMI Professional and Social Responsibility:
PMBOK Guide familiarises project managers with social responsibility to maintain the code of ethics amongst the project team and interest of stakeholders.
While prepping for PMP Exam, these above-mentioned areas of project management help aspirants to understand various factors involved in becoming a Project Management Professional (PMP). To have a deeper insight into these areas, aspirants can take upPMP Certification Training and then apply for PMP Exam on the website of PMI.