PMP Success: Scatter Diagrams in Project Management

In the realm of Project Management, data-driven decision-making is paramount. One valuable tool at your disposal for this purpose is the Scatter Diagram, a versatile graphical representation that can provide profound insights into relationships between variables. This guide will walk you through the fundamentals of Scatter Diagrams in Project Management Professional (PMP) and demonstrate how they can be an invaluable asset in your project management toolkit.

Understanding Scatter Diagrams

A Scatter Diagram, also known as a Scatter Plot or Scatter graph, is a visual representation of data points on a two-dimensional graph. It helps project managers and teams, who may have learned about it in PMP training, analyse the potential correlation between two variables.. Typically, one variable is plotted on the x-axis (horizontal) and the other on the y-axis (vertical). Each data point represents an observation or measurement, making it easy to visualize patterns or trends.

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The Power of Visualization

Scatter Diagrams are powerful because they allow you to quickly identify relationships, trends, or patterns in your project data. They can reveal whether there is a positive, negative, or no correlation between the two variables being analysed. This information can be pivotal in making informed decisions, mitigating risks, and optimizing project outcomes.

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Using Scatter Diagrams in PMP

Now, let’s delve into how Scatter Diagrams can be effectively utilized in the context of Project Management Professional (PMP):

• Identifying Variables: Before creating a Scatter Diagram, as you might learn in a PMP course, you must identify the two variables you want to analyse. These variables should be relevant to your project and the decision-making process.
• Data Collection: Gather data points for both variables, a step that aligns with the concepts you may encounter during your pursuit of a PMP certificate. Ensure the data is accurate, reliable, and covers a representative range of values.
• Plotting Data: Plot the data points on the Scatter Diagram, with one variable on the x-axis and the other on the y-axis. Each point represents a specific observation or data pair.

Interpreting the Scatter Diagram:

• Positive Correlation: If the data points tend to cluster in an upward-sloping pattern from left to right, it indicates a positive correlation, which is a concept that may be explored in a PMP institute program. This means that as one variable increases, the other tends to increase as well.
• Negative Correlation: If the data points tend to cluster in a downward-sloping pattern from left to right, it indicates a negative correlation, a concept that may be discussed in a PMP training course. In other words, one variable tends to decrease as the other does.
• No Correlation: If the data points are scattered randomly with no discernible pattern, it suggests no correlation between the variables.
• Strength of Correlation: The density of data points within the Scatter Diagram can provide insights into the strength of the correlation. A denser cluster indicates a stronger correlation.
• Analysis and Inference: Based on the pattern observed in the Scatter Diagram, you can make informed decisions, predictions, or recommendations for your project. For example, if there is a positive correlation between project spending and project timeline, you might consider allocating more resources to expedite the project.
• Continuous Monitoring: Scatter Diagrams are not just a one-time analysis tool. They can be used for ongoing project monitoring to ensure that any identified correlations are still relevant as the project progresses.

Case Study: Project Cost vs. Project Duration

Let’s illustrate the use of Scatter Diagrams with a practical example. Imagine you’re managing a construction project, and you want to analyse the relationship between project cost and project duration.

• Identifying Variables: Variables – Project Cost (x-axis) and Project Duration (y-axis).
• Data Collection: Collect data on project cost and project duration for various construction projects.
• Plotting Data: Create a Scatter Diagram by plotting the data points. Each point represents a specific construction project.
• Interpreting the Scatter Diagram: After plotting the data, you observe a positive correlation, indicating that as project cost increases, project duration tends to increase as well.
• Analysis and Inference: Based on this correlation, you can make informed decisions about resource allocation, project scheduling, and cost management. For instance, you might consider strategies to reduce costs while maintaining project timelines.

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Final Words

Scatter Diagrams are invaluable tools in the arsenal of a Project Management Professional. They offer a visual representation of data that can uncover hidden insights, correlations, and trends. By using Scatter Diagrams effectively, project managers can make data-driven decisions, enhance project outcomes, and minimize risks. Remember that the key to harnessing the power of Scatter Diagrams is accurate data collection and continuous monitoring throughout the project lifecycle. Incorporating this tool into your project management toolkit will undoubtedly enhance your ability to steer projects towards success.

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Is Project Management a career for the future?

Perhaps the best advantage of globalization is that you can research right out of future inconveniences. Even though you need to see how to uncover layers of unconfirmed data through examination or you’d need to prepare to either live with or manage the result of counts on bogus data. Regardless, I’m extremely sure that the web has saved numerous experts (project experts comprehensive) from becoming terminated. This blog entry also would be extremely useful, to read.

Curiously, cash and future importance are key determinants for a large number of individuals while figuring out what calling to rehearse. Callings like information examination, designing, information science, copywriting, project the board, filmmaking, man-made brainpower, advanced advertising, and so on are a portion of the callings that tick the cash PMP and future pertinence boxes. For this post, we would zero in and elaborate more on the Project Management Career Path and you should inquire…

Why is Project Management a vocation for the Future?

Presently we should return to the cash and pertinence determinants we discussed before. Project directors who have situated themselves all around the world by procuring the PMP accreditation do not just acquire six figures. You likewise have other work helps that others are not conscious of. Additionally, as a result of how significant the work you do is, you can work in any field of human undertaking. We should be exceptionally verifiable, is there any association that doesn’t chip away at some task? I suspected as much as well.

Allow me to toss in another mysterious why project the board is a vocation for what’s to come. Project supervisors are associated with the quick and dirty of running the association including following through on association targets. As a Project Manager, you can figure out if an association will be ready to satisfy its goal or not. You know when to run away (change to another association) or wait by the excellence of the data you are special to have.

Couldn’t you need to approach that sort of data? I realize you would and for that reason, our next passage would intrigue you.

What do Project Managers Do?

At the point when you see work notices and audit the work jobs and elements of undertaking chiefs, in some cases, they appear to be very association explicit. Notwithstanding, truly all project the board jobs have a similar center capacity. Which incorporate starting the task, arranging, overseeing, and coordinating venture exercises, checking, controlling, and shutting the undertaking. Others incorporate critical thinking, impacting, putting together, breaking down, driving gatherings, hazard, and issue the board, correspondence the executives, partner the executives, and overseeing assets.

Your obligation additionally incorporates observing and controlling any divergence or change that could happen during the venture. Project chiefs are issue solvers, they track down ways of rectifying or forestall any issues or dangers that could jump up during the venture execution (they continuously spring up).

Additionally, you handle partner commitment and report your discoveries to partners. It’s essential to state here that you may be expected to work on many activities simultaneously relying upon the association’s requirements.

I trust you’re not overpowered because some courses and confirmations can assist you with dominating incredibly in this field with little to zero insight. Thus, assuming that the above section seems like something you’ll appreciate, this is the way to send off your Project Management vocation.

• The most effective method to send off your Career
• Have you at any point arranged a birthday celebration?
• Ever re-worked a financial plan?
• Coordinated individuals for an occasion?
• Working out an arrangement on the best way to enjoy special times of the year with loved ones?
• At any point worked out a feast plan?

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Beyond question, you more likely than not done one of the above-recorded capacities previously. Even though I realize you were not pondering venture the executives while undertaking that errand, in all actuality you have a portion of the abilities you want to launch your task the board profession.

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13 Project Management Mistakes That Could Put Your Job at Risk

With every one of the various assignments that organizations shuffle, projecting the board is genuinely a need in practically every field to guarantee projects stay on time and spend time. Indeed, 97% of associations accept projects the executives are a fundamental piece of their activities. Nonetheless, this is because projecting the board is entirely significant, to the point that quite a few ventures the executive’s mix-ups can put your position in danger. These missteps can cost a business time and cash and cost you your work, so, fundamentally, you realize how to try not to make them.

What is PMP® Certification?

The following is a rundown of 13 of the most well-known Project Management mistakes that can discolor your expert believability or even end your profession as a task supervisor.

1. Working Without Prior Experience or Training

Of course, many individuals are involved students, not a decision, and end up in another job with zero experience. At times representatives learn at work, and it turns out great.

2. Hazy Scope

The clarity in the undertaking extension is crucial for the accomplishment of the task in that it permits the venture supervisor to focus on the significant features of the activity while removing superfluous exercises. Muddled degree redirects the focal point of the mission from its objectives and destinations over the long haul.

3. Helpless Project Scheduling

Helpless undertaking planning is an enormous task the board botches. Booking keeps the venture on course to get done within a decent time frame. Subsequently, it is an essential proportion of venture achievement. Venture supervisors ought to plan undertakings relying upon their sequential request.

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4. Not Planning for Potential Scheduling Conflicts

Frequently, the fruitful consummation of one errand depends on another colleague following through with their jobs first. Consider the possibility that one stage getting deferred brings about all after advances getting postponed. Assuming neglecting to fulfill a time constraint implies that other colleagues won’t complete their assignments on schedule, it’s critical to design ahead of time for this chance.

5. Excessively Optimistic Deadlines

Notwithstanding not taking into account booking clashes, project administrators set excessively hopeful cutoff times once in a while. Tight cutoff times regularly neglect the measure of work needed to comply with the time constraints.

6. Neglecting to Prioritize Tasks

Let’s say you’re setting up a rundown of undertakings for a particular colleague. You’ve covered the subtleties of what the task involves and the means needed to finish the venture. In any case, as another undertaking administrator, you might have ignored one vital piece of the errand task: the need level. While cutoff times can be helpful with regards to finishing projects, they don’t fundamentally feature which errands are of high significance and ought to be chipped away from the get-go.

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7. Gnawing Off Too Much

There is a maxim that you ought not to take on too much all at once. It applies to projecting the board because you’ll likely do a couple of undertakings all at once.

8. Setting Up Tasks As Overwhelmingly Large Projects

Then again, while you might be hesitant to set up an excessive number of activities immediately, you additionally should know about predominantly huge tasks—some of the time, it’s essential to separate a solitary undertaking into a few more modest ones. With a solitary job that is too large, colleagues might view the scheme as excessively overpowering and confounding.

9. Inadequate Communication

Like with countless such divisions in a business, openness is vital for fruitful ventures for the executives. The absence of correspondence between the various gatherings engaged with a task can prompt the helpless execution of an experience or even disappointment.

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10. Overlooking Team Mistakes

Disregarding the slip-ups made by the group running the undertaking is a freshman blunder that can make a task chief lose their employment. As individuals, individuals from the group might blunder. Notwithstanding, allowing errors to go crazy can prompt a disaster since the colleagues figure out how to hide their mix-ups where no one will think to look.

11. Inadequate Support from the Concerned Parties

To stretch the venture moving beyond, search for help from all concerned gatherings, beginning from the top administration to the physical work representatives. The venture chief ought to speak with each cooperative person about their part in triumphing the undertaking.

12. Utilizing the Wrong Team for the project

Since you have a group doesn’t mean it’s the right group. Furthermore, utilizing some unacceptable colleagues will ultimately annihilate your validity as a venture administrator when tasks fall flat. Try to get colleagues with the proper accreditations, regardless of whether you’re confronting an absence of assets, a tight course of events, or an order from a higher place.

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13. Inappropriate Management of the Project Risk

Hazard is genuine. Furthermore, things will turn out badly. If there are no actions set up to relieve the dangers of the venture, progress could be wrecked by people, and the undertaking could get off-plan or go over the spending plan.

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Want To Take Up Certified Course For Being A Project Manager?

An aspirant for being a project manager? Confused which is the right choice- PMP, CAPM or PRINCE2?

Three of them are the latest project management certification which is often being preferred at various corners of the world. But there is a bit of difference among these three certifications too. so based on your requirement you can easily plan out which certification do you actually need.

An overview of the three certified courses

Let’s start with the CAPM which is fully known as certified associate project management. This certification is basically for the new comers and just started to be a project manager. Thus considered as basic, it is being taken to enhance the working capability while they just started the project work with the team.

Next is the PMP or the project management professional. This is a certification for the professionals which is industry recognized. They offer a standard application and so make you capable of working at any corners to get recognition. The course is being maintained by the PMI at USA.

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Lastly the PRINCE2 which is a project in controlled environment. This certification is basically process and project based. This is being mainly concentrated for deliver a particular project. It is being conducted by the APMG at UK.

Among all three, PMP takes a time to get the certification complete and the least is taken by the CAPM. So if you are ready to start with the project management, begin with the CAPM. But if you are already a professional and need a spice up then consider the PMP or the PRINCE 2.

Know where you can get priority of which one

Also different parts of the world get them separately preferred. Here is a reference for you to guide you

CAPM: USA, Asia, Africa, America, Middle East.

PMP: USA, Asia, Africa, America, Middle East.

PRINCE2: Middle East, Africa, Asia, UK.

How are the candidates treated for different courses?

If you are having the CAMP certification, then it would indicate your dedication toward being a project manager. While on other hand, the other two certifications keeps you aside from competition. PMP Certification course imparts you in depth knowledge while the PRINCE 2 course gives you the ideality for being a project manager from the very first day.

Thus CAPM helps you be in a project whereas others give you to control the functionalities of the project.

Exam pattern of three different courses

Hopefully now you have got the basic point where they differ from each other.

Exams are being conducted for each of these courses. But the pattern of each of them differs. Each of them is having the MCQ pattern but number and questions differs. CAPM is an exam of 3 hours with 150 questions. PMP is an exam of 4 hours with 200 questions whereas the PRINCE2 certification is an exam of 1 hour with 75 questions. Work experience is must for the CAPM and PMP certification.

The salary division shows that PMP certified gets the highest salary, and then the CAPM ones and lastly the PRINCE 2 certified one.

Hopingly now all the confusions has got cleared. Now you can decide which one to take up.

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Project Management Professional Training in Bangalore

No need to look very far to get project management professional certification, now PMP courses are available at your doorstep in both online as well as classroom training in Bangalore. Shake it up with all new techniques of solving problems and push your career further towards a successful and high earning professional.

Upcoming PMP Classes in MUMBAI City

Do you want to know the ins and outs of all project management profession? People go for many PM certification to enhance their further career, here it is not biased if someone is saying PMP are the best course to be a project manager. It has lot more scopes and opportunities that can fulfill your ambitious demands from your career. One can easily become a certified professional without leaving their country. There are many institutes in the country which provides PMP online and classroom training for individual and desired professional at very convenient and affordable price. Skillogic Knowledge Solution is one among these training institute which provides its training classes at regular interval in many locations of India. Below you can find the upcoming training dates for PMP Classes in Mumbai.

Upcoming Training Schedules for PMP by Skillogic in Mumbai

Course	Dates	Location	Price
PMP Classroom Training	24th Nov 2017	Mumbai	Rs. 16900/-
	22nd Dec 2017	Mumbai	Rs. 16900/-
PMP Online Training	27th Nov 2017	Mumbai	Rs. 12900/-
	25th Dec 2017	Mumbai	Rs. 12900/-

To Enroll Visit: http://in.skillogic.com/pmp-training/pmp-certification-mumbai/

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Is the PMP Certification worth it?

People are going to attain the PMP certification examination often asks that is this certification worth it? Well, there are things which have their pros and cons. This certificate also has its pros and cons. Those who have attained these examinations and are already managers have their own views on this. Some of them are positive and the rest are negative. PMP examinations require a lot of money and it is quite complicated. And you must be prepared for it very well.

Here is a list of the pros and cons of PMP Certification below:

The PROS

It can boost a resume

That means a resume with PMP certification is very helpful as it is a very hard examination. If you go for an interview as a project manager, you can easily get chosen over someone else. There are many companies who like to hire employees as project managers who are PMP certified to get the best result out of them. So, having a certificate like this can really make your work too much easy if you are looking for a job of a project manager.

It is a proof that you have got the experience

If you are a PMP associate than you have got a lot of experience, 60 months or 7500 hours accurately. But, if you are a Bachelor then you have got an experience of 36 months or 4500 hours. Both are enough to prove in your resume that you are an experienced person for this job. And it will be their benefit to keep you as their employee.

If you are PMP certified than you will be earning more amount of money

It has been proved after taking a survey that PMP certified managers earn more money than non-PMP certified managers do. Certified managers earn about $10000 more than regular non-PMP certified manager. PMP certified managers are the highest paid IT certification since 2008 and it is still emerging and standing tall among others.

The CONS

It is quite expensive

To sit in the PMP certified exam you need to throw some hard cash, to take those courses which are necessary for the examination. You need to have a formal PME meaning project management education which costs around $400 for PMI members and $500 for non-PMI members. Though becoming a member is quite useful and beneficial for the PMI members as they allowed accessing various sources for the exam.

Not every project manager with a PMP certification is good

Passing the PMP examination doesn’t make you a good project manager; it just shows that you have got the experience. It does not mean that the projects that you’ve managed were successful. In fact, they could have been all wrong and you can be the worst with not a single good project to your credit, but the certification will still be there beside your name giving you enough of opportunities to rediscover yourself.

Now, the final verdict is that it totally depends where you live and what is field is. You can take suggestions from colleagues and other PMP managers that is it right for you or not.

PMP Training centers in INDIA

Bangalore: http://in.skillogic.com/pmp-training/pmp-certification-bangalore/

Mumbai: http://in.skillogic.com/pmp-training/pmp-certification-mumbai/

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Top 10 reasons to get a PMP certification, even if you’re a seasoned pro

PMP is an internationally recognized professional designation. This degree is offered by the Project Management Institute (PMI), which is located at Pennsylvania, United States. PMI emerged as a non-profit organization at GEORGIA INSTITUE OF TECHNOLOGY in October, 1969. In around 1980s, procedures of project management were standardized. The first PMBOK (Project Management Body of Knowledge) was created in 1996 in this particular attempt of standardization. According to what the PMI defines, PMP is an application of skills. It is also application of knowledge and techniques so that projects can be executed efficiently.

So why does one need a PMP certification?
The following points may help you consider the certification if you are already into the Project Management:

• Preference: Many companies nowadays look for people who are PMP certified. They generally choose people who are well versed in this field in the terms of knowledge and theory. This is the reason why most of the PMP certified candidates are given preferences.
• Distinguishing: The PMP certification helps you stand out in the crowd. It gives you the opportunity of becoming the special one. This certification definitely manages to separate the other Project Managers who are available and are working in the same field.
• The Formal Attitude: It helps you in acquiring a formal attitude. This certificate helps you become more professional and more formal while dealing with people.
• Networking: You do not need a social media to network with other good PMP’s anymore. Networking with other project managers is very easy once you are through with your PMP certification. This in turn doesn’t only help you achieve small goals but also long-term help.
• Techniques: You will achieve an array of new techniques once you are done with the PMP certificate course. You also will have the opportunity to know what was wrong with the old ones and how can you successfully eliminate them for better job.
• Teaching Career: You can very easily take up the career of a teaching professional. With all the knowledge you acquire from the classes yourself; you can easily go ahead and choose the profession of teaching.
• Increasing Of Worth: This certificate helps you create an important value of yourself, in comparison to your fellow colleagues. Also if working in a consultation firm, may help you and your firm win, thanks to your credentials.
• Breaking the Stereotype: This certification definitely manages to break the stereotype view. It helps you to be exceptional in many ways. This certificate keeps you updated with the latest trends thus putting you a step ahead.
• Motivation: This certificate doesn’t only help one achieve all the above points but helps them keep motivated. It helps you to create an urge to keep yourself shoulder to shoulder with all the new and upcoming techniques.
• Social Impression: This certificate helps you a lot in your social impression. You do become an idol for many and the respect that comes with it is totally worth mentioning.

These points can definitely help you to consider the certificate of PMP. Choosing the PMP certification can definitely turn out profitable for you.

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Performance measurement baseline – Delphi technique

When a project is in progress, it is always needed to measure its progress and at the same time also it is needed to measure the performance of the project managers involved in the project. To measure the performance of both the project and the project manager a baseline is established during the planning of the project. This particular baseline is of three constraints that are time, cost and scope. All three together are known as Performance Measurement Baseline. After the baseline has been decided upon then the project is started keeping these baselines to be the target.

Of course in some of the special cases these baselines can be changed. Though the changing of the baseline is not impossible but of course it is difficult. Permission has to be taken from the control board showing proper reasons and then after proper justification the targeted baselines can be changed.

Baseline questions in PMP exam

PMP Certification exams include questions that have an intense impact on the practical fields. This is the reason baseline questions are one of the most important ones is the test. There are questions asking about the components of such baselines or techniques to measure such baselines and also the various methods that are used in the achieving the set targets. For answering such questions you need to know about the various methods and also you should have some of the practical knowledge. These include a number of formulas, calculations and maintaining of indexes that can measure the baselines and can help the project managers in achieving these baselines.

The Delphi technique

The Delphi technique is one of the techniques that are used for the Performance Measurement Baseline. Delphi Technique is the method that is often used where there is more than one expert.

It has been often noticed that at a place where there are more than one expert, contradictions arise for taking a decision. To solve one particular problem, there will be many solutions. Selecting one random solution can hurt egos of other experts or also at times, less influential selections are also made at times. So, the best way is to get a solution through the method of Delphi.

In Delphi technique, all the theories of all the experts are taken by the moderator. Then after proper summarization the most common techniques are refined. The process takes a few rounds. In each round the most unpopular or least affective theory is discarded. At last the best theory is found out that can be used.

Application of the Delphi technique

Questions often are there in PMP exams about the application of Delphi technique. The technique can be very effective used for time management, cost management and also scope management. It is best used when there are experts from around the globe and it is not possible to get them together in a room to have a brain storm of ideas. Also, it can be used when there are some popular experts and their ideas cannot be denied on their face. In these situations the Delphi technique can bring the best conclusion.

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