PMI Atlanta Chapter - Announcements Test

How to Make PMP Certification Your Most Successful Project Yet: April Technology Forum Summary

Written by Juliett Johnson

Can you imagine the day in the life of an aspiring PMP student preparing for their first PMP Exam? Mrs. Dawn Woolcock, from Hewlett-Packard took the Technology Forum audience on a journey to the wonderful world of PMP Certification Preparation. 

Tip 1: Understanding and knowing your learning style is key to PMP success. Some people find they do better through repetition, watching videos on YouTube, creating or putting learning formulas to song, or rhyme. Others find writing out what they understand or through social interaction, like participating in Boot Camps or Study Groups. Some find just creating an environment of plain solitude is their best learning style. “Know your learning style before starting your PMP preparation,” recommends Woolcock. 

Tip 2: Remember the power of 4: 4 choice answers per question in 4 hours. Taking your time—and that means no more than 2 minutes per question- equates to reading carefully and selecting the best answer in a narrow timeframe to ensure your completion of the 200 questions. No two exams are the same so practice test questions are random. Your preparation success will be in your ability to read and understand the question context and select the best answer through elimination for the scenario described.

Tip 3: Retaining information for a certification test is quite different than memorizing information. The questions for the PMP can be very tricky and obscure. The answers can even be similar making multiple choices your best guess. The good news is guessing doesn’t penalize you.

Tip 4: Be aware that personal experience and “real world” experience will not prepare you for the test questions. Exam preparers must put on their PMBOK 5th Edition hats and follow the project management discipline as structured per the ten (10) Knowledge Areas.
 
As of July 2013, PMBOK 5th Edition added Project Stakeholders as the 10th Knowledge Area to consider for project management professionals. It was previously inclusive in other knowledge areas, however the value and weight of stakeholders buy in and approval during a project has significantly impacted on- time project delivery.

Tip 5: If there are knowledge areas you feel you are weak and you have little understanding of the process impact, spend more time and focus on those knowledge areas first. Your best approach to preparing for your PMP is a planned “project” approach. 

Tip 6: There is no such thing as cramming for your PMP certification. Learn your PMP formulas and understand how they are applied in a project plan scenario. 
 
Allow yourself time to prepare and allow your time to study and practice reading the questions and answers. Just like any athlete, you have to practice and train your brain to think, comprehend, and anticipate the little hurdles in every question and answer. So your preparation with the PMP practice questions will help you avoid being confused and anxious. 
Think of your readiness for PMP certification as a lifecycle process: Access your need for the certification, decide on your path for achieving your certification, determine the scope and how you will deliver on your decision, integrate into your work and life style, and coordinate your plan in to real life achievement as well as monitor and control the outcome of your efforts. Creating a PMP test prep plan starts with knowing your learning style and committing to a life-long principle of giving back to others after exam completion. So whatever you did to pass your PMP exam and earn your certification, feel free to share with others.


ABOUT PMI

PMI Atlanta serves project managers in Metro Atlanta, and we’re an active resource to corporations, community and government agencies throughout north Georgia. With over 4,600 members, PMI Atlanta is the fourth largest chapter in the US and fifth largest in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.  

PMI Atlanta Chapter  | 3522 Ashford Dunwoody Road, Suite 348  | Atlanta, GA 30319 |  (678) 318-1805

memberquestions@pmiatlanta.org

For more information on PMI Atlanta Chapter please visit: http://www.pmiatlanta.org

What's New?

WhatsNewNow, you know the new website is up and running since June 17, 2014 late evening and functioning as expected.  So, what's the new news here? That's a very obvious question, right?  At times we forget what we have done yesterday.  Look at this new and recent roll-out of our website and it is already Day 7.  While some of you might have already found your way to navigate through this new website by now and some of you might think, what's in it for me, right?  So, we thought of taking this opportunity to provide some key features and pointers to you all.  We are sure you will like the easy and user-friendly features.  We sincerely appreciate your feedback, too.

"Using Earned Value: An Easy Explanation of a Confusing Topic": April Downtown Lunch Meeting Summary

Presented By: David Tennant, PE, PMP, President, Windward Consulting Group, LLC, 770-846-0828, www.windward.ws.

Written By: Sateria H. Tinsley, PMP, SSGB

David Tennant is the President and founder of Windward Consulting Group, LLC, which is located in the metro Atlanta area. Windward provides training and consulting services. Mr. Tennant’s expertise includes executive management, engineering and project management; rescue of high-visibility projects, management coaching, and company turnarounds.

Mr. Tennant has managed over $3.5-billion in programs and personally rescued over $1-billion in errant projects. Mr. Tennant is an acknowledged leader in the energy and power generation field; has held engagements in Finland, New Zealand, the Caribbean, Czech Republic, Germany, and the United Arab Emirates. Most recently, he developed two large energy generation projects in NY and Canada.

This was a keynote presentation not to be missed. From those preparing for the rigors of the PMP examination to seasoned PMP professionals; all found significant value in today’s presenter. David demonstrated real world usage of the Earned Value model and its derivative calculations along with practice opportunities.  Today’s session became a mini-training allowing those in attendance the opportunity to refine their project management skillset.  There were sighs of gratitude and appreciation throughout the reserved meeting facility.

For projects in derailment, as a result of scope creep, better described as continuous, unauthorized, changes that result in expansion/addition to the project’s scope that generally increases costs and schedule time.  One edit of projects is that they will always change. The key is to receive authorization, manage, and document changes before implementation as an organized means of controlling project scope creep.

The project plan, as developed by the team and approved by management, must be the baseline by which to measure future progress.  Cash flow comparison is one such measure.

There are key project questions that every PM should ask regarding their project status:

   • How much work has been done?
   • Are we on schedule?
   • Are we on budget?
   • What do we expect as the final completion cost?
   • Where do we stand?

Earned value calculations can answer each of these questions!

Earned value analysis is useful in spotting trends over time.  It can signal early detection of issues/concerns in the project when it’s going off course. Thus, allowing for corrective action(s) to be taken.  These calculations allow everyone to get a feel for where the project is headed.  It also requires that expenditures-to-date are accurate and timely.

One month’s measures are only a point in time or snapshot of where the project is on that specific day and should not be relied on in isolation. The real value lies in spotting trends: are you consistently showing up behind schedule and over budget or is this an isolated event?

Trends start to develop by the time a project is 20% through.

Mr. Tennant help those in attendance understand active and useful management techniques of these trends in real world practice using noted Earned Value Formulas as listed below:

Earned Value Formulas

Variance
Cost variance = EV - AC
Schedule Variance = EV - PV

Performance Indices
CPI = EV
AC
SPI = EV
PV

Estimate at Completion
EAC = $ Amount Budgeted/CPI

Footnote:
PV = Budgeted cost of work scheduled
EV = Budgeted cost of work performed
AC = Actual cost of work performed
EAC = Estimate at completion
CPI = Cost performance index
SPI = Schedule performance index
It is desired to have CPI and SPI equal to or greater than 1.0


ABOUT PMI

PMI Atlanta serves project managers in Metro Atlanta, and we’re an active resource to corporations, community and government agencies throughout north Georgia. With over 4,600 members, PMI Atlanta is the fourth largest chapter in the US and fifth largest in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently. 

PMI Atlanta Chapter  | 3522 Ashford Dunwoody Road, Suite 348  | Atlanta, GA 30319 |  (678) 318-1805 | memberquestions@pmiatlanta.org

For more information on PMI Atlanta Chapter please visit: http://www.pmiatlanta.org

Career Month Sponsorship - 2Days@Westin Hotel & Georgian Club

The PMI Atlanta Chapter invites you to participate in our “Career Month” for our annual Recruiter’s Panel Dinner Meeting and Quarterly Networking Social – This is a two day event on Monday, July 14 and Tuesday, July 15.  This change is based on our members’ feedback and needs.

The First Quarterly Networking Event Announced!

Register Today!

We are proud to announce there are more ways to network with our Chapter Executive Board, Leadership Teams, Members and Non-Members while earning PDUs!

You are invited to one of the most prestigious events in the New Year. Come one, come all to our first social networking event at the Georgian Club on Thursday, April 3, 2014!

Topic: "The Etiquette of Networking" by Jayne Ayers, VP Business Development, Staffing Technologies 

Open to all members and non-members
The cost: $10.00 per person
Includes: Light Hors d’oeuvres, Cash bar

Earn 1 PDU for this event!

Event Times:
5:30 - 6:30 Networking
6:30 - 7:30 Presentation
7:30 - 8:30 More Networking

Location:
The Georgian Club
100 Galleria Pkwy Se, Ste. 1700
Atlanta, GA 30339
(770) 952-6000