Project is likely to deliver late/over budget The table below shows what the colors mean. These colors represent different types of management action required and are a shorthand for talking about projects going well or those in trouble. The project RAG status will either be Red, Amber or Green. These colors make up the traffic light colors coding scheme for categorizing project status. The RAG acronym stands for Red, Amber, Green. Let’s learn more about RAG in project management because it’s a really useful, visual way of communicating project status. When this support is provided and the project is brought back under control, less of your investment will be wasted. RAG reporting is a good way to draw management’s attention to projects that need support. Let me know if you need more information about PMP.Have you seen project status reports with colored boxes in different shades of green, amber, and red? Or project names written in those colors where the rest of the text is black? That’s the RAG status of the project.Īccording to PMI, 11.4% of investment is wasted due to poor project performance. I’ve written an extensive article on this topic: Roadmap to becoming a Project Management Professional (PMP)! What are the effective ways to review for the exam? Usually, one PDU is earned for every one hour spent in a planned, structured learning experience or activity. You must maintain continuing certification requirements consisting of 60 Professional Development Units (PDU). You will receive a pass or fail result after the test.Ĭertification fee for the PMP computer based test would be $555 for non PMI members and $405 for members. Out of the 200 questions, 25 questions are considered pre-test which will not impact the overall result of the test. You have to apply for the test and show the relevant supporting documentation for the above qualification.įinally, you have to pass the 200 multiple-choice questions PMP exam in 4 hours. In order to become a certified Project Management Professional, you should hold a bachelor’s degree and 4,500 hours of PM experience in the five process group namely: Initiating, Planning, Executing, Controlling, & Closing.Īlso, a 35 hours of classroom training relate to project management is required. Most multinational companies and business process outsourcing companies recognized the need for PMPs to be part of the team to manage projects specially in a highly competitive and matrix organization. PMI stands for Project Management Institute which is the governing body for the Project Management Body of Knowledge (PMBOK) and the official organization for Project Management professionals worldwide. PMP stands for Project Management Professional and this is the globally recognized competency standard for all Project Managers. All my practice tests were a failure and I was afraid to pay the cost of the exam (which is the agreement we have in our company).Įssential Information You Need to Know About the PMP certification: Also, I only studied for one week which includes a vacation leave one day before the exam. Electronics and Communications Engineering Board ( imagine that). Admittedly, I’m scared that I might fail because it’s been a while since I studied for any exam. Finally, I PASSED my Project Management Professional (PMP) certification last friday!! I’m proud of this achievement for passing this certification test and now I can be more confident about my competency as a project manager.
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