When we look at the statistics on project management, it turns out that even 70% of them fail. 17% of IT projects is carried out so poorly that it threatens the condition and future of the enterprise. In that case, are there any solutions which would give a greater chance for an undertaking to succeed? Of course there are. One of them is using project management tools – software allowing to keep your finger on the pulse and control time, budget and progress. Campaigns conducted by certified project managers have ever greater chances of success. Why is that? Read on.
Project Management Institute
For people who do not have contact with project management, PMI may be a completely unknown notion. Nevertheless, every self-respecting PM should be aware that this organisation exists because it consociates almost 3 million specialists worldwide and has over 500 thousand active members in its ranks. The institution dates back to 1969. In 1996, the first version of the Project Management Body of Knowledge was created, that is a project management standard developed and published by PMI. In 1998, the PMBOK Guide received accreditation from the American National Standards Institute and has been functioning as the project management standard on the US territory ever since. Project Management Institute publishes many free guides and textbooks worth looking at because they contain really valuable content. One of the latest ones is available here.
Why is it worth obtaining a PMI certificate?
As reported by Wrike, 80% of projects of high priority are conducted by certified project managers. PMI informs that 77% of high performing companies are aware of just how important it is to have someone with such qualifications in the team. This is mainly due to the fact that, on the one hand, the certificate confirms the knowledge and skills of its holder and, on the other, it is a kind of pass giving access to more orders and higher earnings.
Which certificate to choose depends on our competences and whether we meet a number of requirements regarding our knowledge, experience and past trainings. Of course, receiving a certificate involves a fee that we have to pay. The following certificates can be found on the Project Management Institute’s website:
- Project Management Professional (PMP) – one of the basic certificates, which is recognisable worldwide. It confirms the competences of a given person as a project manager who can professionally lead and manage project teams.Who can apply for this document? People who graduated from high school, have 7500 hours of documented experience in running projects on their account and 35 hours of PM training. The document can also be granted to people who have a bachelor’s degree, have 4500 hours of documented experience in running projects and 35 hours of PM training.
- Program Management Professional (PgMP) – directed to people who manage a lot of complex projects to achieve strategic and organisational results. As we can read on the website, it is intended for people who manage a lot of related projects and complex activities including functions, institutions, regions or cultures so as to adjust them for organisational purposes.The certificate can be obtained by people who completed high school, have 6000 hours of documented experience in running projects and 10500 hours of experience in programme management. People who have a bachelor’s degree and 6000 hours in the above fields can also apply for it.
- Portfolio Management Professional (PfMP) – directed to senior managers managing a portfolio of projects and programmes compliant with the organisational strategy and concentrated on performing proper work.Minimum 8 years of professional experience, higher education and 10500 hours of task portfolio management are required. People with a bachelor’s degree and 6000 hours can apply as well.
- Certified Associate in Project Management (CAPM) – directed to people who would like to start working on larger projects and need their first certificate but do not have the necessary experience.People who graduated from high school and have 1500 hours of experience in running projects can apply for the document. It can also be obtained by people who have passed the Project Management Basics exam.
- PMI Professional in Business Analysis (PMI-PBA) – intended for people working with projects and dealing with business analysis.Requirements: high school, 7500 documented hours of work at business analyses, 35 hours of lessons in that field. For people with a bachelor’s degree, it is 4500 hours of experience and 35 hours of lessons.
- PMI Agile Certified Practitioner (PMI-ACP) – an ideal certificate for people who specialise in project management with the Agile methodology.Requirements: 2000 hours in project work in a team, 1500 hours in Agile implementations, 21 hours of learning or professional training in the Agile methodology.
- PMI Risk Management Professional – directed to experienced managers of project risk.High school, 4500 of experience in project risk management , 40 hours of training in that scope are required. For people with a bachelor’s degree – 3000 hours of experience and 30 hours of training.
- PMI Scheduling Professional – the last, but not least, of the certificates, one of interest to people who manage and maintain the project schedule.Expectations: high school, 5000 of experience in project schedule management, 40 hours of training in that scope. For people with a bachelor’s degree – 3500 hours of experience and 30 hours of training.
Every certificate is obtained after sitting a test, the length of which depends on the chosen certificate. In addition, the certificates are not issued for life but for a specific period of time. For example we have three years to obtain professional development units (PDUs) after the document is issued. PDUs are obtained by participation in conferences, trainings, meetings, seminars and other events.
Why is it worth it?
Although it is not cheap to obtain a PMI certificate: it requires work and experience, it is worth thinking about. The document shows your employer or your client that you are a specialist in your field and that you keep improving your competences. The meetings and conferences, which force you to actively look for knowledge, are a very good motivator. Moreover, specialists can demand more money for their job, they participate in more interesting projects and – most importantly – they are independent in choosing where and with whom they will work.