SWOT Analysis of the candidates Planning for PMP Certification exam

SWOT Analysis of the candidates Planning for the PMP exam is as follows:

Statistics about the PMI PMP Certification:

Nowadays, the PMI PMP certification is one of the most in-demand certifications in the world. This is due to the fact that many employers require one as a requirement for employment. It has also been shown to be an indicator of performance and success in project management roles. According to statistics from 2014, more than one-third of degree-laden workers in the U.S. had attained this certification or its equivalent credential. In Canada, 43% of college graduates were PMP certified or had made some progress towards that goal. According to statistics, there are currently over 120,000 PMI Project managers (PMP) around the world. Pass rates for this exam are estimated to be around 50%. This means that about half of all those who take the exam will pass on their first try, while the other half will need another attempt before passing. PMP Dumps can help you to be an approved professional. 70-80% of Students claim success after studying these exam dumps.

Format of PMI PMP certification exam:

PMI PMP Certification exam is divided into three major sections. The format of the exam is as given below. Section 1:

• Conceptualization/planning
• Decision making; closeout Section 3:
• Skills in all the technical phases for implementation of a project:
• Execution/control
• Knowledge of project management competencies & terminology.
• Professional operation
• Work-planning
• Management knowledge & skills, including Law, Ethics, Communications, Negotiation, and Conflict resolution.
• Knowledge of general areas related to managing projects. Section 2:
• Comprehensive knowledge of the project management process, including integration, cost control, quality assurance, managing of human resources, communications, and risk management.
• Knowledge of the techniques & tools commonly used to perform job-related activities like Initiating, Planning, Executing, Monitoring, Controlling, and Closing.

The PMP exam evaluates the learners’ understanding of a wide range of topic areas. The skills measures in this certification test are combined in several objectives that are listed below. They are:

• Monitoring and Controlling (25%)

  This subject area is all about assessing one’s skills in using techniques and tools to measure project performance so as to identify and quantify corrective actions and variances; following the change management plan to manage changes to the project; verifying that the project deliverables are conforming to the established quality standards; using the appropriate techniques and tools to meet the business needs and project requirements; monitoring and evaluating risk by determining whether the exposure has changed; evaluating the effectiveness of response strategies; managing the impact of opportunities and risks on the project; reviewing the issue log; determine the appropriate corrective actions; minimizing the impact on the project; monitoring procurement activities on the basis of the procurement plan; etc.

• Initiating (13%)

  Within this first domain, the questions assess the candidates’ knowledge and skills in performing project assessment based on the available information, collaborating with the relevant stakeholders so as to support the assessment of feasibility of new services or products within the given constraints or assumption. Also, within this objective, the examinees need to show their proficiency in identifying major deliverables depending on the requirements of the business; using the appropriate tools and techniques to perform the stakeholder analysis; identifying risks of high inflation, constraints, and assumption; analyzing and compiling gathered information to participate in the development of a project charter; obtaining project charter approval; conducting benefit analysis; informing the stakeholders of any approved project charter; etc.

• Planning (24%)

  Answering the questions from the second topic, the test takers have to demonstrate that they are capable of assessing and reviewing exact project requirements, assumptions, and constraints with the stakeholders; establishing detailed project deliverables so as to use requirement gathering techniques; creating a scope management plan; managing the scope of the project; establishing the project schedule; managing timely completion of all projects; creating the human resource management plan; defining the responsibilities and roles of the project team members; creating the communication management plan depending on the stakeholder requirements and the project organizational plan; creating the procurement management plan depending on the project scope schedule, and budget; creating the quality management plan and defining the quality standards for the project and its products; creating the change management plan; planning for risk management; presenting for the risk management; conducting kick-off meeting and communicating the start of the project; creating the stakeholder management plan; and so on.

• Executing (31%)

  This topic validates the abilities of the individuals in acquiring and managing project resources through following procurement management plans and human resources; managing the implementation of the task according to the project management plan; executing the quality management plan; performing approved changes and corrective actions in accordance with the change management plan; executing approved actions in accordance with the risk action plan; managing the flow of the information plan in accordance with following the communication plan; maintaining the stakeholder relationships according the stakeholder management plan.

Reference: https://www.pmi.org/certifications/project-management-pmp