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My name is Xiaosi Liu. I have completed the 35 Contact hours of PM online education, including all the video instructions, the quiz after each section, as well as the final exam. In my view it is an amazing course, I learned a lot and you guys did a fantastic job by putting together this course. …
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Thank you for your valuable course I really enjoyed it and learned a lot, I also have finished your evaluations and you really deserve all good and I'm willing to gain more PDU by your online courses...
- Adham Fathy, Saudi Arabia
Thank you very much. I received the certificate and I really learned a lot from this course. To get my PMP, I will continue to study more PDUs with ProXalt®. Even without PMP, I will take some classes at ProXalt®
- Ibrahim Rahimi, UAE
Project Management: An Essential approach to reach the desired outcome PDF Print E-mail
Written by Administrator   
Tuesday, 02 July 2013 00:00

A ‘project’ is not always necessarily an enormous job requiring huge amount of talent & education, tremendous managerial skills, million dollars of investment, a large workforce or anything very big in shape.

Well, that BIG shape comes to our mind when we talk about BIG corporate where every single aspect is considered likewise. But to understand the term ‘project’ fundamentally let’s walk away from the contour of BIG firms. In your normal life when you’re given a task of polishing your leather shoes, it might be the tiniest one to look, but it’s a task anyways and that’s why it’s a project too. So here comes the proper definition: “any task that needs a planning & methods to execute is a project”.

With this simple understanding let’s now go deeper to know about ‘Project Management’. Technically Project management is: “the incorporation of skills, tools, techniques and knowledge into project activities to meet the desired outcome”.

Why Project Management is important:

  • Irrespective of the shape of the project if you’re supplied with all the tools but you don’t know how to use them, how will you accomplish the work? So, the knowledge to use or handle comes under the first step of project management.
  • Let’s jump to bigger firms where most of the modern-day project-based organisations consist of skilled & responsible working bodies rather than some old-fashioned pigeonholed employees. The skilled personnel work responsibly to complete the project within the allotted time-frame.
  • Projects are accomplished by teams of people who are taken for their expertise, skills and potential. Every team-work needs co-operation, discipline and good communication. This is the work of project managers to maintain good rapport between team-members.
  • Another importance of project management is the balance between three major requirements such as cost, time and quality. The project manager (PM) keeps track of the records to finish things up under the budget, by the assigned deadline with maintaining quality in the work.
  • The manager is responsible to represent the team and the resources to the stakeholders by effective communication. So he’s the driving force behind the team.
  • During the project life-span if any changes in the resources or work environment happen, then the PM has to manage the team to adapt the new situation. Adaptation doesn’t happen overnight. For this the PM needs to spend a lot of time to organise the team.

Why proper education & training are needed:

  • Again we’ll go to the basics. When it comes to any task or project knowledge about the tools and resources is essential. And when it’s about handling huge tasks professional management skills are needed.
  • There’re companies who require formal certification for recruiting project managers. Also to get promoted into higher positions with more responsibility managers need technical ability. So formal training is pretty much necessary.
  • PMs are going through the time where every now and then they have to take on skilled competitors. So latest training is needed to hit the ‘survival of the fittest’ rule.
  • When the matter’s about the present result-oriented & skilled technical people, you lag behind if you’re not up-to-date. To fine-tune your knowledge and skills you need to join any modern PMP course in any professional management institute providing high-quality project management education.

Proxalt is a quality management institute providing all the latest management training programs, distance learning program, online management programs, and agile management programs etc. The courses are built both for working and future project managers. Please visit the website to find more about the flexible Project Management Professional PMP® course structure, PMP® classroom training, the quality of teaching and every add-on facility along with high-class training.  

 

 
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Comparative Study Between Project Management Professional and Risk Management Professional PDF Print E-mail
Written by Administrator   
Tuesday, 02 July 2013 00:00

PMP vs. RMP

 

Risk Management Professional

 

Risk Management Degree:

A risk management degree is a type of academic degree awarded to students who have completed a post secondary degree program with an emphasis on risk management. This degree can be attained from a college, university and business school. Risk management online courses and training for project management can also be availed. The study of risk management helps one to identify, evaluate and manage financial risks for a business project.       

 

What Can I Do with a Risk Management Degree?

  • The certifiers will be able to:
  • Get a line on the risk management process.
  • Utilize risk management techniques to real-world projects.
  • Speed up their risk management endeavor.
  • True cost and schedule for a project can be estimated by applying risk management techniques.
  • Demonstrate the impact of successful projects to the organization.

 

Risk Management Career options:

Students having the risk management degree work as risk managers. Other career options are as consultants or in a more permanent position with a specific company. Their duties include analyzing and restraining financial risk. Specific career titles can include:

Risk Manager: It is a generic title for many people who work in risk management related careers. One bearing a RMP certificate can work with securities, investors, insurance, and other financial firms.

Risk Specialist: A risk specialist has familiar duties as a risk manager but is more involved in specific area of risk management, such as real estate risk management or healthcare risk management.

 

Actuary: An actuary is a statistician trained specifically in risk management. Job duties include analyz

ing data to quantify risk.

 

Salary range

The median expected salary for a typical risk manager in the United States is $100,472. This basic market pricing policy report was prepared using certified compensation Professionals’ analysis of survey data collected from thousands of HR departments at employers of all industries.

 

 

 

Project management professional certification (PMP)®:

Project Management Professional (PMP)® credential is the most important industry-recognized certification. Globally acknowledged and claimed, the PMP® demonstrates that you have the experience, education and competency to lead and manage projects. The PMP® experience and exam requirements focus on five process groups: Initiating, Designing, Executing, Operating, & Closing.

 

What Can I do with a Project management professional certification?

  • The certifiers will be able to demonstrate their skills and expertise to be effective in a project environment.
  • PMP certifications proves that experience as a project manager
  • PMP project managers get paid better.     
  • Being a PMP can lead to networking opportunities and prospective job opportunities.
  • PMP certification indicates a commitment to the profession of project management.

 

Project management professional Career options

The growing competition among the companies often forces them to complete a project with limited resources, manpower and equipment. So the project management professional (PMP)® certified professionals are hired by reputed multinational companies by paying a high pay package.

The PMP® certification can assist in getting quick promotions and taking higher level professional responsibilities.

A PMP® tackles issues such as risk management, stakeholder analysis, resource management, team performance analysis, and project performance analysis.

Resourceful problem solving, strategic plans ability and understanding of concepts such as statistics and cost volume analysis, are some write out by a PMP®.

Salary range

Project managers are paid even higher salaries that hold the Project Management Institue's (PMI)® Project Management Professional (PMP)® certification. According to a survey, those who've held a PMP® for five to less than 10 years earn a median base salary of $113,000, while those who've maintained a PMP® for 10 to less than 20 years earn a median base salary of $120,000.

 
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5 Mistakes every Project Manager must avoid PDF Print E-mail
Written by Administrator   
Tuesday, 02 July 2013 00:00
When it comes to managing projects, we know, it’s a job that requires a lot like - effective planning, patience, courage, co-ordination, ability to foresee, and probably many more depending on the project kind and its requirements. The point is, Project Management is not that easy what people ordinarily think it to be. Coming to Project managers, when burdens are heavy a project manager is supposed to commit mistakes. Here’s a list of 5 common, yet crucial, mistakes all project managers should stay away from.  
 
                                        
 
1. No proper planning
Planning is important! It’s the first step to do prior to selecting team members and allocating them their task. A proper plan is prepared by both parties (project manager and the stakeholder) and based on the plan the team strategy is built. So without a perfect plan no project can move ahead.
 
2. Getting early into the project
If you are going start the project without a formally signed contract and agreement of all terms, you’re just a way too early. And this applies to every client except very few long-term holders. So it’s often wise to wait until the necessary documents get ready unless you may find yourself in the red.
 
3. Lack of clarity in defining goals
Every project is supposed to have a definite achievable goal. This goal needs to be defined first and conveyed to the concerned stakeholder. The project manager does not need to over-promise because that leads to unnecessary expectations by the stakeholders and clients out of the project. Many inexperienced project managers are out there in some private sectors doing unnecessary commitments and being unable to keep up with the expectations. 
 
Adding to the above, a project manager should also keep in mind that flexibility has to be maintained to please stakeholders; but there should be a certain limit.
 
4. Lack of proper communication
Communication is always the key. A project is handled by a team and every member needs to be clarified about their responsibility. If any changes are made during the course of the project life, the same needs to be updated to all so that any misdoing is eliminated.
 
In case of big projects communication issues might occur constantly. This is the responsibility of each member to pass the message to all others and this only happens when the entire environment is made easy and open. It depends a lot on the communication skills of the project manager.  
 
5. Overlooking the interdependencies
A proficient project manager should never ignore problems and interdependencies. Being in the team every member is most likely to depend on another member seeking some information or help. The team has to be made flexible and coordinative. Any problem that comes has to be resolved soonest unless it might give rise to quick successors.
 
It’s extremely useful if the project manager opts for some formal training on effective project management or some performance management course.
As project management is a sort of task that demands huge, avoiding mistakes and errors 100% is difficult. But if you come up with the right frame of mentality and keep learning from the past, you can reduce the errors to the greatest extent.
 
 
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Difference between Contact Hours (CHs) and Professional Development Units (PDUs) PDF Print E-mail
Written by Administrator   
Tuesday, 02 July 2013 00:00

Project Management Professional (PMP) certification course is one of the few reputable courses in the industry. One can join the elite group of PMP certified project managers by successfully completing the PMP certification course from a Registered Education Provider (REP) for the Project Management Institute (PMI).

If you are heading toward the PMI for a PMP certification, it’s worth knowing two important terms that you will be coming across so often. So let’s know these two terms ‘Contact Hours (CHs)’ and ‘Professional Development Units (PDUs)’ and the difference between them.

  • The main difference is Contact Hours require to be accumulated beforehand, i.e. prior to the PMP exam, whereas PDUs are required after the exam.
  • In order to become an eligible candidate for the PMP exam you need 35 Contact Hours. After you pass the exam and become a certified PMP you need 60 PDUs every three years to keep your certification valid and up-to-date.
  • If you have 35 CHs, you can apply for the PMP certification exam. One CH includes 60 minutes of relevant project management training or instruction. A relevant training must cover one or more of the following:
  • Project Integration management
  • Project Risk
  • Project Procurement
  • Project Budget
  • Project Schedule
  • Project Quality
  • Project Scope
  • Project Communications

The institute you are obtaining your CHs in, must provide you excellent education (live classes, webinars, workshops, prerecorded podcasts, videos or online coaching) and relevant training materials. The PMP exam application audits and verifies your CHs, so you need to show all your relevant documents like training catalog page, course syllabus and other materials while submitting the application form.

  • On the other hand PDUs are understood as learning activities (one hour of learning activity is credited as one PDU) you need to obtain to keep your PMP certificate current. The PMI wants you as a PMP to continuously learn new skills and use them in practice. So basing on this instruction PDUs are divided into two major divisions such as:
    • Education:You need to educate yourself by learning new skills and PMI-reviewed courses. This division has 3 categories (Category – A, B, & C) each of which helping you to acquire unlimited PDUs. While covering these categories you can be able to claim all your 60 PDUs.
    • Giving back to the profession: This division wants you to utilize your knowledge and skills during the Education in practice like Volunteer service, Creating new Project Management Knowledge, and Working as Project Management Professional. It also has also 3 categories (Category – D, E & F).  In this division you can acquire at most 45 PDUs which are relevant to your credential.

In order to earn high quality CHs and PDUs for your PMP go for reputable education providers. Today, there are many online education providers offering you excellent online courses covering strictly the guidelines and requirements of PMI – the global controller of Project & Program Management.

 

 
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Is adopting agile management really beneficial to your projects? Know how? PDF Print E-mail
Written by Administrator   
Tuesday, 02 July 2013 00:00

                 

Agile development lifecycle is best way to design, develop and build new products in software field. The method is iterative, incremental and highly flexible depending upon the exact requirement of the project. This method of building can be applied to vast range of products from small scale projects to the projects which involve very complex development cycle. In agile method, small amount of delivery toward product completion is delivered in each cycle. Most of the successful software organizations, Google, Microsoft use this methodology to build and develop their products. This defines the success of these methods over other development methods. The best feature agile management has over others is that it preserves the interest of everyone involved with the project. Client, managers, testing and development persons, everyone benefits. The long term process of project is visible and transparency involved in the process, makes this methodology a success. This process is known for better customer satisfaction as a part of development is visible with every iteration cycle. It makes development process smooth so it makes development team work with more vision and with fewer worries. Time taken to complete the project is quite less so testing team has an early access over projects to test it. 
 
 
                                         
 
  The benefits of adopting agile can be easily felt in many directions of development project.
  • Return of investments is faster and easier on products: With agile ROI can be achieved much faster. In agile a functional products in build with every development iteration, so a organization generally launches its product with limited features and make it functional with time. Now the benefit is that, product has an early meet-up with market making it sell early even before an complete product is out. It also help user to get an early view of product.
  • Risk is lowered by a large factor with agile: Every product development is associated with market risks. The main motto of adopting a methodology is to reduce it by large factor. Agile does it efficiently. Since through development with each iteration organization release beta product. The response of the beta product in market can speculate the success of project. From the feedback of customer organizations can work on loop holes. If the is unable to reach the expectation we can easily cancel the next development cycle involved saving the money and time by a lot. This way the risk of product failure is reduced.
  • Bugs in the project are reduced to maximum: The testing of the product is done in each development stage. Agile methods implement agile test driven development of product. This help is detecting bugs in each stage and fixing them. By this method final product comes out with minimal bug in the market which ensures the development of efficient and precise product development.
  • Saves hassles of useless meeting during product development: Since each of agile team work efficiently during each development cycle, so better communication between each team saves the time of unnecessary meeting and lengthy documentation. It also helps timely development the product.
 
Using agile methods and convincing employees to go the agile training and PMP training ensures the smoother functioning of the project. Using agile training gives better visibility to the development and helps in providing sense of ownership to stakeholder at much earlier stage.
 
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