Agenda
1.Benefit of Professional Certifications
2. Insights and Trends
3. PMI Salary Survey
4. Benchmarking Research 2015 update
5. Tips for PMP Certifications (PMI)
6. Tips for Prince2 Certifications(Axelos)
7. Engagement for PM World
1. Benefit of Professional Certifications
• No longer need this for professional growth• I am not looking for these certifications to further my
professional growth.
• “Small box “ Preconception : Expertise in project management knowledge but beyond its capabilities.
Professional growth will come with the experience you get from implementing what you have learned.
What is the Professional growth ???
• It is spending your money, time and resources not only to obtain but also to maintain???
• It gives you for immediate credibility.• If you have real experience in these areas.
• If not,• Others(Key stakeholders) might mis-understood /damaging the
credibility of the certifications.
1. Benefit of Professional Certifications
• Certification indicates a baseline level of competency, education, and experience to an employer
• Certification indicates a dedication to the profession, when employers are focusing on acquisition/retention
• Certification allows for companies to recognize specialized practitioners.
1. Benefit of Professional Certifications
What are those benefits that everyone keeps talking about?
• Credentials set you apart – standardized knowledge set• Exclusive know-how – best practices to implement in you own
company projects• Higher pay• Networking potential• Helps you to train others • Helps you to evaluate potential employees and team members• Provides you with greater job opportunities• More efficient projects• Gain invaluable experiences• Make a career switch• Challenges you
http://www.brighthubpm.com/certification/57121-benefits-of-the-pmp-credential/
1. Benefit of Professional Certifications
2. Insights and Trends : Project Management Certification
PMI
36%
Prince 2
10%University degree
8%
Company internal
10%
Masters
2%
None
23%
Other
11%
Project Management Certification
PMI
Prince 2
University degree
Company internal
Masters
None
Other
Insights and Trends: Current Programme and Project Management Practices*(2012 Survey result summary)By PricewaterhouseCoopers
Higher-performing projects are significantly more likely to be staffed with certified project managers. In fact, 80% of projects classified as high-performing use a certified project manager.
2. Insights and Trends : Project Management Certification
Insights and Trends: Current Programme and Project Management Practices*(2012 Survey result summary)By PricewaterhouseCoopers
2. Insights and Trends : Comparison of reported usage in different regions
Higher-performing projects are significantly more likely tobe staffed with certified project managers. In fact, 80%of projects classified as high-performing use a certifiedproject manager.
Insights and Trends: Current Programme and Project Management Practices*(2012 Survey result summary)By PricewaterhouseCoopers
0102030405060708090
100
Prince2
PMBOK
Key Finding: Reported use of established PM methodologies is stable and employees are obtaining applicable certifications.
• 2013 PMI Salary Survey result
3. PMI Salary Survey(8th. Ed, 2013)
Highest median salary: USD 134,658 (Austrialia)
Lowest median salary: USD 24,201(Egypt)
• 2013 PMI Salary Survey result – S. Korea
AnnualizedSalary(in USD)
N = 213Median Salary
$62,944
• 2013 PMI Salary Survey result – S.Korea
51,704 53,95264,742
71,93680,928
3-5 yrs 5-10 yrs 10-15 yrs 15-20 yrs 20+ yrs
Annualized Salary(USD)
3. PMI Salary Survey(8th. Ed, 2013)
• Annualized Salary by Degree in Project management
• Annualized Salary by PMP status
3. PMI Salary Survey(8th. Ed, 2013)
4. Benchmarking Research 2015 update
OrganizationProject Management Institute (PMI)
Founded 1969PRINCE2
Founded 1989
CertificationAcronym CAPM PMI- SP PMI- RP PMP PgMP* PMI-ACP PfMP* PMI-PBA P2F P2P
Certification Started 2003 2008 2008 1984 2008 2011 2014 2014 1989 1989
Process to get certification
Application + Exam*Panel Reviewed Application; Multiple choice exam;
Sign up for the exam, pay the fee and sit for
the exam. No training is required,
although it is recommended
Type ofquestions
Multiple ChoiceMultiple Choice/Fill in
the Blank
Ref. Featured paper by Dr. Paul D. Giammalvo
• Gladwell’s 10,000 hours
• “Competent” professional level practitioner
• Important finding :
Two most popular certifications :PMI’s PMP and Axelos Prince2
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
• Table 1 : Top ranked professional certifications for 2015
Exceed the 15,000 hours”
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
There are 26 credentials which exceed 15,000 level of effort hours and 18 credentials which EXCEED the level of effort it takes to earn an ABET Professional Engineer (PE) license.
This yields an impressive 26/66 or 39% of certifications available for project professionals which require >15,000 level of effort hours and which can be considered to be legitimate “professional” level credentials.
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
*ABET (Accreditation Board for Engineering and Technology, 미국 공학교육 인증원)
*ABEEK (Accreditation Board for Engineering Education of Korea, 한국공학교육인증원)
AND THE WINNERS ARE……… The top ranked certifications for 2015 are:
Rank Certifications
1 Guild of Project Controls (GPC) “Fellow” or “Black Belt” level competency based certifications.
2 Association for Cost Engineers (AcostE) “Certified” level.
3 Guild of Project Controls (GPC) “Expert” or “Red Belt” level and the “Advanced” or “Orange Belt”
4 Green Project Management organizations “Master Green Project Manager” (GPM-m)
5Association for the Advancement of Cost Engineering International’s “Certified Forensic Claims Consultant” (CFCC)
6 Project Management Institute’s new Portfolio Management Professional (PfMP)
7 Australian Institute of Project Managers “Registered Project Manager” (RegPM) Level CCPE
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
20
To summarize this article is proposing three “actionable items” for 2015:
1) all ENTRY level credentials to require a minimum of 5500 hours level of effort;
2) all Intermediate level credentials to require a minimum of 10,000 ~ 15,000 hours of documented and validated effort;
3) all legitimate PROFESSIONAL level credentials to require a minimum of 15,000 hours of documented and validated effort;
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
21
4. Benchmarking Research 2015 update
Ref. Featured paper by Dr. Paul D. Giammalvo
PMI (PgMP) : 14,954 hrsPMI(PMP) : 9824 hrsAXELOS(Prince2) : 78hrs
5. Tip for PMI Certification
PMI 자격증을 준비하시는 분들에게 추천하고 싶은 방법은 아래와 같습니다.
1) Read several times for “Examination Content Outline”
2) Read Standard for each credential at least 7~10 times** DO NOT MEMORISE ANY CONTENTS **
3) Read academic reference as recommended (If you have time)
4) Understand the PMIsm본인이 실무에서 사용했던/활용했던 방법(Tools & Technique)이 실제 PMI문제와상충될 수 있으므로 반드시 PMISM의 관점에서 생각해야 합니다. 여기서, PMI에서이 야 기 하 는 PMISM 이 란 , 여 러 가 정 , 전 제 조 건 하 에 PMBOK 를 지 침 삼 아 서프로젝트관리를 수행하면 더 잘할 수 있다는 것입니다.
5) Keep question for “Why?” And “Why not?”
6) Read the lexicon (PMBOK Guide® Glossary) for better understanding the terms
5. Tip for PMI Certification
"All the questions on the examination have been writtenand extensively reviewed by qualified PMP credentialholders and tracked to at least two academic references.
These questions are mapped against the PMPExamination Content Outline to ensure that anappropriate number of questions are in place for a validexamination"[PMI 발췌인용]
6. Tip for Prince2 Certification
PRINCE2 자격증을 준비하시는 분들에게 추천하고 싶은 방법은 아래와 같습니다.
1) Read “Managing successful projects with PRINCE2”** DO NOT MEMORISE ANY CONTENTS **
2) Understand the Project Timeline
3) Understand the Prince2 Process Model
Pre-project
Initiation Stage -Execution Close
Corporate Management
Direction / Project board
Management / Project manager
Delivery / Team manager
6. Tip for Prince2 Certification
Principles: PRINCE2 says that each project should consist of the 7 PRINCE2 principles (in other words, “best practices”).
Themes: Themes answer the question regarding what items must be continually addressed during each project, e.g., Business Case, Organization, Quality and Configuration Management.
Processes: Processes answer the question regarding what activities are done during the project and by whom. Processes also answers “What products are to be created and when?”
Tailoring: Tailoring answers one of the most common questions from a Project Manager, “How do I best apply PRINCE2 to my project or my environment?”
PRINCE2 STRUCTURE Out-of-Scope
Very generic, Not specific
No detailed techniques
Leadership capability
6. Tip for Prince2 Certification
Project Life cycle for Study
EN
GAGEM
EN
T
학술대회(논문,사례, 튜토리얼 발
표)
정기심포지엄(논문,사례, 튜토리얼 발표)
국제컨퍼런스(논문,사례, 튜토리얼 발표)
International Conference on Project
7. Engagement for PM World
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