PMI logoTopPROJECT MANAGEMENT INSTITUTE   
 Melbourne Chapter
 
NEWSLETTER 040                                                                      May 2010
 

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In This Issue
Upcoming Courses
Special General Meeting (SGM)
Special Offer for PMI Members
Choosing the Right PMI Credential
Chapter Meeting
Tuesday 25 May

PMI logo

Subject: 
Project Management: Heaven or Hell?

Speaker:
Michael Deichsel, DSC Delivery Excellence/ BIM
Manager, HP Enterprise Business

Venue:
Telstra Conference Room 1, Level 1,

242 Exhibition Street

Timing:
5.30 pm to 8.00 pm
5.30 pm refreshments for a 6.30 pm start

Cost:

PMI Melbourne Chapter Members
Free! Guests & Other PMI Members

$35.00

Register Here


Members - If you login first and then register, you can see the event under your bookings.

Please tell us if you have registered but are now not coming! It saves expense for the Chapter (and you).

Chapter Sponsors

eastwood

Paxus logo

APC

GMT small


PMI Melbourne Chapter thanks its sponsors

Upcoming Courses 
APC
See the web site for details  
 
PMI Credential Courses:
 
24 July -14 August
CAPM Classic (Saturdays) 
 
Short Courses:
Download
White Papers
Requirements Traceability

The PMBOK� Guide has a 'requirements traceability matrix' as a key element in the scope management processes.  This WP describes what a requirements traceability matrix is and how to create one.
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Dear ,

Registrations are open for the Monthly Event. This month the guest speaker is Micahel Deichsel from HP Enterprise Business who will present on 'Project Management: Heaven or Hell'.

Make sure to mark your calendar correctly for the SGM vs our monthly event. As also noted below, SGM will take place on Monday, 24th of May whereas our monthly event is on Tuesday, 25th of May as per our usual schedule.

Take a look at the White Paper published for this month on the subject of "Requirements Traceability". The PMBOK� Guide has a 'requirements traceability matrix' as a key element in the scope management processes.  This white paper describes what a requirements traceability matrix is and how to create one. Note that you can also check for this and many other  White Papers located under Resources in our website.

We would like to remind you that we welcome your feedback about our newsletters. Please inform us any articles you would like to be included by clicking
here. We are grateful for your feedback and look forward to hearing from you.

Regards,
Communications Team

Editors:
Kirrilly Shipley and Annie Sheehan


APC

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Important Announcement: SGM Date
 
As members have been separately emailed the official notice, this news brief is to remind members that a Special General Meeting (SGM) will be held at Telstra Theatrette (242 Exhibition Street, Melbourne) on 24 May 2010, Monday at 6pm. The agenda of the meeting is:
  1. Statement of Purposes and Rules of the Melbourne Chapter
  2. Annual Financial Statements and Auditors Report Review
Bookings for SGM can be made via our website.
 
As a reminder, our monthly
Chapter event will take place on 25 May, Tuesday starting from 5:30pm. Registrations are also open for this event.
 
Please mark the dates to your calendar and we look forward to seeing our members at both events.

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ISBSG Logo
Special Offer for PMI Members
 
Special Offer:  Improve your estimation, benchmarking, project planning and management with an ISBSG Web Subscription and save 15% plus receive a FREE copy of Practical Project Estimation 2nd Edition (valued at €100).  Offer ends 31 May.

When you take out an on-line subscription you will receive a stream of new and updated information that will assist you in your estimation, benchmarking, project planning and management. You gain access to a secure section of the ISBSG website that offers:
  • Copies of all ISBSG Development & Enhancement Special Analysis Reports (usually €200 each) that provide you with valuable knowledge to improve your planning and management of IT projects.
  • A series of Estimating and Project Management Charts & Tables that provide you key information to help with the estimation, benchmarking, planning and management of software development & enhancements.
  • Exclusive use of the on-line estimation Reality Check tool so you can quickly check how realistic your project estimates are when compared against industry performance. 
  • A free, single user license for the Early Estimate Checker tool. This tool quickly generates estimates of the work effort and elapsed time (duration), required to complete a software development project, plus project delivery rate and speed of delivery. Estimates are generated in a matter of moments, based on software size plus other available project characteristics. 
  • 10% discount off all ISBSG products and services
    Subscribe before 31 May and pay only €289 (that's a saving of 15%) plus receive a free copy of the Practical Project Estimation 2nd Edition book valued at €100.   
     
Click on this link to subscribe: www.isbsg.org/subscriptionpromotion   
This offer is only valid until May 31, 2010.
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Which PMI Credential is Right for me?
 
By Cornelius Fichtner, PMP

cornelius_fichtner
The Project Management Institute (PMI)� offers 5 credentials in project management. Are you confused about which is the right one for you? Well, then here I am to help you find an answer.

PMI has a global presence with members in over 170 countries. It is the largest association dedicated to project management in the world. PMI is actively engaged in setting professional standards for project mangers which helps them set themselves apart from the rest of the crowd. PMI credentials greatly enhance your employability.

PMI certifications give you the most sought after appreciation and visibility within your organization. It is an important investment for your career because the certificate may increase your job stability, expand your earning potential and provide a competitive stand in the job market.

To be eligible for any PMI credential, you must meet certain educational and project management experience requirements. They are different for each credential and are spelled out in detail in the Credential Handbooks. You'll find a link to each of the 5 handbooks on the PMI website www.pmi.org under "Career Development > About PMI's Credentials".


Go ahead... take a look at one or two of these handbooks. You will soon realize that there is one question that isn't answered in there. The question is "Where do I want to be in 5 years from today?" So instead of immediately reading up on the credentials you may first want to find out where your passion in project management lies, select the appropriate career path and then set your eyes on the appropriate credential.


Here is a PMI credential overview including highlights of the eligibility requirements. Please refer to the individual Credential Handbook for the complete requirements:


Certified Associate in Project Management (CAPM)�

If you are a junior project management practitioner and have demonstrated your skills as a project team member then the Certified Associate in Project Management (CAPM) is the best option. You will get the fundamental knowledge of processes and terminology that will help you effectively manage projects. For the CAPM certification all you need is a high school diploma and either 1,500 hrs of professional experience on a project team or 23 hours of project management training.


PMI Scheduling Professional (PMI-SP)�

If your role involves developing and working on the project schedule then PMI Scheduling Professional is appropriate for you. Your knowledge and expertise in developing and maintaining the project schedule will be enhanced with the PMI Scheduling Professional. If you hold a bachelor's degree then you will need a minimum of 3500 hrs of project scheduling. With high school diploma you will require a minimum of 5000 hrs of work experience in project scheduling.


PMI Risk Management Professional (PMI-RMP)�


If you demonstrate knowledge and skills in the risk management of a project then PMI Risk Management Professional (PMI-RMP) will suit you best. With a PMI-RMP credential you will develop an expertise in identifying project risks and in mitigating threats and capitalizing on the opportunities.  If you have a bachelor's degree then you will need 3000 hrs of work experience in project risk management, but with a high school diploma 4500 hrs are mandatory.


Project Management Professional (PMP)�


If you perform your project management duties under general supervision, lead the team and direct all project tasks then you should go for the Project Management Professional (PMP) credential. You will develop an in-depth understanding and skills to lead and direct project teams to deliver results within the constraints of budget, time and scope. The certification requires 3 years of professional experience with at least 4500 hours spent leading and directing project tasks. With a high school diploma five years of professional experience is required with at least 7500 hours spent in leading and directing project tasks.

Currently, the PMP Exam is the most sought after project management credential in the world.


Program Management Professional (PgMP)�


Do you handle multiple projects directed towards a strategic business objective? Do you manage programs that contain complex activities that span functions, organizations, geographic regions and cultures? In that case the Program Management Professional (PgMP) is the credential that you should opt for. It will help you gain an insight of multiple projects aligned with organizational objectives.


The eligibility criteria for the PgMP credential is a bachelor's degree with 4 years of project and program management experience. If you hold a high school diploma then you will need four years of project management experience along with 7 years of program management experience.


PMI credentials often lead to career opportunities and advancement. You will be recognized as a competent professional in project management processes for which you will be deeply appreciated by your employers. PMI serves as an unbiased endorsement of your project management knowledge and experience at a global level. 


Once you earn a PMI credential (other than CAPM), you also need to fulfill the requirements of the Continuing Certification Requirements (CCR) program. You need to participate in professional development activities on a regular basis to adhere to the CCR program.


So, go ahead and become a certified CAPM, PMI-RMP, PMI-SP, PMP or PgMP. It is a step ahead towards enhancing your career and increasing your professional growth. Put yourself in the limelight and maximize your earning potential without any further delay!

 
About the author: Cornelius Fichtner, PMP is a noted PMP expert. He has helped over 9,000 students prepare for the PMP Exam with The Project Management PrepCast at
http://www.pm-prepcast.com.

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