CAPM vs PMP - What's the Difference?
CAPM and PMP both are renowned certification on project management, developed by Project Management Institute (PMI) USA. Both are acknowledged worldwide and help you get a good job. Read on and find out difference of CAPM vs PMP and what's the qualifying criteria for both of the certifications.
What is CAPM
CAPM or Certified Associate Project Management is a certification of PMI for entry level. During start of career in project management, it is appropriate. It will assist to differentiate you from your contestants. It is truly a fundamental path of project management. Professionals attend CAPM courses online or classroom CAPM certification training courses, to meet CAPM requirements, and appear in CAPM testing center. CAPM certification classes are conducted at all major cities. CAPM will develop effectiveness and reliability while functioning as a member project team. A combination of MBA CAPM will be significantly useful to improve the career profile, and enhance job opportunities.
What is PMP
PMP certification is a program offered by Project Management Institute PMI. PMP certification can be obtained after 35 hours of PMP training, and subsequently appearing in the PMP exam. PMP certification is an acknowledged certification designed for project managers. Becoming a PMP enables to function with any industry or methodology. PMP training includes a wide range of techniques necessary for project management, and skills that are essential to execute projects, and manage the project team. PMP certification is managed by PMI Project Management Institute in the USA, and has acquired recognition in Asia and Europe.
One major difference between the two certifications is the eligibility requirements. To become certified as a CAPM, individuals must have a secondary degree and at least 1,500 hours of experience working on a project team. To become certified as a PMP, individuals must have a bachelor's degree and at least 4,500 hours of experience leading and directing projects.
Another difference between the two certifications is the cost. The CAPM certification is generally less expensive than the PMP certification, as the PMP certification is considered to be more advanced and in-depth. Additionally, the PMP certification requires individuals to complete ongoing continuing education to maintain their certification, while the CAPM certification does not have any ongoing education requirements.
In conclusion, both CAPM and PMP certifications offer professionals the opportunity to demonstrate their knowledge and expertise in project management. However, the key differences between the two certifications should be considered before making a decision. The CAPM certification is a great starting point for individuals who are new to the field, while the PMP certification is designed for experienced project managers who want to demonstrate their advanced skills and expertise.
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Why Project Deadline Is Important?
Meeting work deadline is essential for the successful project completion. Each project that is successful, delivers revenue to the company, and assists the achievement of its strategic objectives. If the organizations desire to grow, and remain in competition, the project management team must be efficient at meeting work deadline, and appreciate that project delays cost project increase in organization. Suitable, cautious project development will make sure that deadlines will be met, and the cost baseline is maintained. The product quality and meeting work deadline will contribute in building organization reputation, and brand loyalty.
Guidelines For Meeting Project Deadline
Following guidelines may be useful for meeting work deadline:
Establish A Realistic Deadline
Generally, meeting project deadline is difficult when it is created without proper project planning. It is essential to acquire project and work details by evaluating scope, trends, deliverables, and other necessary aspects that may affect the deadlines. Unless you completely appreciate the project, accurate schedule forecasting will not be possible. Do not concur to any deadline, if you are not totally satisfied regarding its timely completion. Implementing employee opinion surveys for the establishment of a realistic deadline may be useful.
Commit Within Limit
Commitments that are beyond the capability are likely to produce delays. Only to make an impression on the customers, project managers may agree to the deadlines that are not within their ability. Unrealistic limits cause customer discontentment, and differences among the project team.
Create Project Work Breakdown Structure
Breakdown the projects into smaller control points, for management of schedule, cost, and other aspects of the projects. With the breaking of project into minor groups, it becomes simple to accurately monitor and control the project. Creation of a responsibility organization matrix will also assist to successfully complete the project goals.
Time Management Skills
Possessing time management proficiency is critical in successfully meeting work deadline. Be honest regarding meeting work deadline, and manage the work accordingly. Prioritization of tasks will assist to meet the schedule baseline.
Allocate Work Suitably
In a project team, real or virtual, proper work assignment, according to the skills and capabilities, is essential to ensure meeting work deadline. Every work package should be assigned to an individual, or a team, who are accountable to meet the deadlines.
Distribute the Deadlines to Project Team
Creation and distribution of project plan to all concerned, with deadlines, is important.
Make Check List
Making of check list of deadlines will assist in meeting work deadline. There is valuable software that may be employed for building work check list. The checklist may include project goals in order, with starting date, ending date and a update project status.
In order to finish the project earlier than the schedule, project managers are often inclined to drive the team to attain the project deliverables as rapidly as possible. Unnecessary compelling the team may cause disaster. Always progress gradually if you are eager on meeting work deadline.
Monitoring And Control
Monitoring the project work intelligently is important for ensuring the achievement of project deadline. Use of suitable software like Primavera p6 will assist for the process automation. You can produce the organogram, where periodic reports can be generated for evaluating project status.
Project managers must anticipate the unforeseen in project work. However, even accurate planning may not be able to foresee all issues that may occur in future, Therefore, maintaining a contingency reserve is crucial for meeting work deadline.
Meeting Project Deadline For Project Success
Implementation of these recommendations will certainly assist you to be creative by meeting work deadline. Take the time limits easily that will assist in building the brand loyalty, and ensuring success in the projects.
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Introduction to CBAP
Utilizing the essential and significant process of business analysis, organizations can improve their decision-making, operational procedures, and output. The widely recognized professional credential known as the CBAP (Certified Business Analysis Certification) attests to a person's competence, knowledge, and abilities in the field of business analysis. It is regarded by employers as one of the most esteemed certifications available for business analysts.
The certification process, costs, renewals, and benefits of a Certified Business Analytics certification are all covered in this article. The certification procedure is as follows:
The CBAP certification process is divided into several stages. You must submit an IIBA application along with the necessary supporting documentation after fulfilling the certification requirements. After the IIBA has reviewed the application, if the requirements are satisfied, the applicant will be invited to take the CBAP test. Today, you can take the CBAP exam online or even at home. Candidates have 3.5 hours to complete the 120 multiple-choice questions on the exam. The exam covers every facet of business analysis, such as stakeholder engagement, requirements management, planning and monitoring of the process, and solution evaluation.
You must submit an IIBA application along with the required supporting materials after fulfilling the certification requirements. The IIBA then assesses the application, and if the conditions are satisfied, invites the applicant to take the CBAP test. The CBAP exam can now be taken in-person, online, or even at home. The exam consists of 120 multiple-choice questions, and candidates have 3.5 hours to finish it. The exam covers every aspect of business analysis, including managing requirements, engaging stakeholders, planning and overseeing the analysis, and assessing solutions. . The passing score for the CBAP exam is 70%.
The cost of CBAP certification depends on whether you are a member of IIBA. The application fee is $125 and the exam fee is $450 for non-IIBA members. The application fee is $125 and the exam fee is $325 for members. The price of training materials and the time needed for professional development should also be taken into account by applicants in addition to these expenses in order to meet the eligibility requirements.
Three years pass after receiving the CBAP certification before it needs to be renewed. You must demonstrate that you have accrued at least 60 hours of professional development over the last three years in order to renew your certification. Professional development time can be accumulated by doing a number of different activities, including webinar participation, conference attendance, or taking further educational. Both members and non-members must pay $55 for renewals.
Benefits of CBAP certification:
There are many benefits to becoming CBAP certified, including:
Recognition: CBAP is a globally recognized certification that certifies an individual's knowledge and expertise in the field of business analytics. Employers often look for candidates who hold this accreditation because it shows professionalism and commitment to the field.
Career Advancement: CBAP certification can lead to career advancement opportunities, including higher salaries, promotions, and leadership roles within an organization. Professional Development: The CBAP certification process requires individuals to engage in professional development activities that enhance their skills and knowledge in business analysis.
Networking: IIBA provides opportunities for networking, knowledge sharing and collaboration to the business analyst community.
CBAP certification is a valuable asset for business analysts who want to advance their careers and demonstrate their expertise in the field. The certification process includes meeting eligibility criteria, passing exams, and maintaining professional development time to renew your certification. The certification fee depends on whether the person is a member of IIBA. The benefits of obtaining CBAP certification include recognition, career advancement, professional development, and networking opportunities.
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In a project, there may be internal or external stakeholders or both. There are many types of project stakeholders and these are mentioned below with their responsibilities.
• Stakeholder in all business analysis tasks
• May also be accountable for activities that fall under another stakeholder role
• Additional roles are Implementation SME, Project Manager, Tester, Domain SME
• Use products or services created by organization, may have contractual or moral rights that enterprise is obliged to meet
• Has expert knowledge applicable to business need or solution scope. Role filled by people who will also be end users, or solution indirect users (managers, process owners, legal staff)
• Stakeholders who clearly interact with solution. Can include participants in business process, or use product or solution
• Has knowledge regarding implementation of solution components. Common roles are, configuration manager, solution architect, usability analyst, developer, change manager, database administrator, project librarian, information architect
• Responsible for day-to-day management & maintenance of system or product
• Common roles are operations analyst, product analyst, help desk, release manager
• He is one of the most common types of project stakeholders. He is responsible to manage work, deliver solution that meets business need, ensure project objectives are met, balance scope, budget, schedule, resources, quality, risk
• Common roles are project lead, technical lead, product manager, team leader
• Responsible for definition & compliance of standards
• Standards can be imposed on solution by regulators through legislation, corporate governance standards, audit standards, org centers of competency
• Responsible to initiate effort, define business need, develop solution that meets that need
• Authorize work to be performed, control budget & scope for initiative. Alternate roles are executive, project sponsor
• Stakeholder outside boundary of organization
• Provide products or services to organization
• May have contractual or moral rights & obligations
• Responsible to deciding how to verify that solution meets requirements defined by business analyst
• Conduct verification
• Ensure solution meets quality standards, risk of defects or failures, is minimized
• Alternate role is quality assurance analyst
You will find or or more of these types of project stakeholders in your project space. Note that different types of stakeholders are dealt with different since all have different interests, power and authority in the project.
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