Projects are considered as successful, if they are completed on time, within budget, met the scope and achieved the business objectives of the project. How do we really achieve Poject sucess?
Initiation
Right Project Selection - If the project does not have a strong business case, it will fail eventually
Planning
Right project execution strategy (Agile, Waterfall, Hybrid) - A wrong project execution strategy can fail a project. For example, projects where scope is not clear, techno;ogy is new calls for agile / iterative development, till there is clarity. Once clarity is established, the rest of the project can follow waterfall or hybrid.
Right tools & techniques (Scheduling, Estimation, Project Management Information Systems) - On many occassions projects fail becuase the right tools are not used effectively.
Developing the subsidiary plans - Generally speaking, nothing good happens in projects without proper planning. For project success, one need to plan the following;
Quality management plan
Communications management plan
Procurement management plan
Resource management plan
Risk management plan
Schedule management plan
Stakeholder management plan
Change management plan
Configuration management plan
Developing the integrated project plan - For monitoring and controlling at a project level, all the subsidiary plans and the various other lower level plans must be integrated into a cohesive integrated project plan.
Execution
Executing the project as per the plan
Corrective and preventive actions
Monitoring & Controlling
Lag indicators
Schedule variance
Schedule performance index
Cost variance
Cost performance index
Scope variance
Quality issues
Risks occured
Lead indicators
Estmated date of completion (work package, milestone, project)
Estimated cost at completion
Anticipated risks
Closing
Closing phase
Closing project
A quick look at the PMP certification
Project Management Professional (PMP) is the most popular project management certification in the world. Right now, there are more than 1400000 PMP certfied professionals across the World. According to PMI Survey, PMP certified project professionals earn 16% more than their counterparts who are not PMP Certified.
Application of emotional intelligence to improve team performance
Process (50%)
Execute project with the urgency required to deliver business value
Manage communications
Assess and manage project risks
Engage stakeholders
Plan and manage budget and resources
Plan and manage schedule
Plan and manage quality
Plan and manage scope
Integrate project planning activities
Manage project changes
Plan and manage procurements
Manage project artifacts
Determine appropriate project methodology
Establisg project governance structure
Manage project issues
Ensure knowledge transfer
Plan and manage project/phase closure or transitions
Business environment (8%)
Plan and manage project compliance (EHS)
Evaluate and deliver project benefits and value
Evaluate and address external business environment changes for impact on scope
Support organizational change
Why do PMP certified professionals earn 16% more than their counterparts?
They understand the critical parameters that must be monitored and controlled for project success
They understand the building blocks and their inter-relationships for monitoring and controlling the lead and lag indicators
They understand the need for Project Management Information Systems
They understand the globally accepted project management vocabulary, hence can communicate better
PMP certification is an endorsement for minimum viable professional project management knowledge to be effective in larger projects
Preperation for PMP with a right balance of theory and practice will tremendously crash the learning curve to master professional project management based on a globally recognized standard (PMBOK).
To learn more about the PMdistilled PMP Preperation Program, Click here
Critical Success factors for project success
Projects are considered as successful, if they are completed on time, within budget, met the scope and achieved the business objectives of the project. How do we really achieve Poject sucess?
Initiation
Right Project Selection - If the project does not have a strong business case, it will fail eventually
Planning
Right project execution strategy (Agile, Waterfall, Hybrid) - A wrong project execution strategy can fail a project. For example, projects where scope is not clear, techno;ogy is new calls for agile / iterative development, till there is clarity. Once clarity is established, the rest of the project can follow waterfall or hybrid.
Right tools & techniques (Scheduling, Estimation, Project Management Information Systems) - On many occassions projects fail becuase the right tools are not used effectively.
Developing the subsidiary plans - Generally speaking, nothing good happens in projects without proper planning. For project success, one need to plan the following;
Quality management plan
Communications management plan
Procurement management plan
Resource management plan
Risk management plan
Schedule management plan
Stakeholder management plan
Change management plan
Configuration management plan
Developing the integrated project plan - For monitoring and controlling at a project level, all the subsidiary plans and the various other lower level plans must be integrated into a cohesive integrated project plan.
Execution
Executing the project as per the plan
Corrective and preventive actions
Monitoring & Controlling
Lag indicators
Schedule variance
Schedule performance index
Cost variance
Cost performance index
Scope variance
Quality issues
Risks occured
Lead indicators
Estmated date of completion (work package, milestone, project)
Estimated cost at completion
Anticipated risks
Closing
Closing phase
Closing project
A quick look at the PMP certification
Project Management Professional (PMP) is the most popular project management certification in the world. Right now, there are more than 1400000 PMP certfied professionals across the World. According to PMI Survey, PMP certified project professionals earn 16% more than their counterparts who are not PMP Certified.
Application of emotional intelligence to improve team performance
Process (50%)
Execute project with the urgency required to deliver business value
Manage communications
Assess and manage project risks
Engage stakeholders
Plan and manage budget and resources
Plan and manage schedule
Plan and manage quality
Plan and manage scope
Integrate project planning activities
Manage project changes
Plan and manage procurements
Manage project artifacts
Determine appropriate project methodology
Establisg project governance structure
Manage project issues
Ensure knowledge transfer
Plan and manage project/phase closure or transitions
Business environment (8%)
Plan and manage project compliance (EHS)
Evaluate and deliver project benefits and value
Evaluate and address external business environment changes for impact on scope
Support organizational change
Why do PMP certified professionals earn 16% more than their counterparts?
They understand the critical parameters that must be monitored and controlled for project success
They understand the building blocks and their inter-relationships for monitoring and controlling the lead and lag indicators
They understand the need for Project Management Information Systems
They understand the globally accepted project management vocabulary, hence can communicate better
PMP certification is an endorsement for minimum viable professional project management knowledge to be effective in larger projects
Preperation for PMP with a right balance of theory and practice will tremendously crash the learning curve to master professional project management based on a globally recognized standard (PMBOK).
To learn more about the PMdistilled PMP Preperation Program, Click here
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