Professional Practice & Standards - Week 8

Professional Practice & Standards - Week 8

• This week's topic focuses on professional practice and standards, specifically project management certifications.
• The presenter is Dr Muath Abu Arqoub, PMP, from Bond University.

Why Certifications?

• Certifications demonstrate project management competency.
• Certifications lead to project success through improved communication, leadership, delegation, motivation, conflict resolution, problem-solving skills, decision-making, business acumen, organization, negotiation, and goal-setting.

Benefits for Project Managers

• Certifications prove professional competency and experience.
• They connect project managers to a professional community.
• They promote accepted codes of conduct and facilitate professional discussions.
• They help project managers to create a stronger personal brand and potentially lead to increased career opportunities.
• They advance knowledge and promote learning of recent best practices.

Average Project Management Salaries

• PMP certification holders may command salaries ranging from 112,000to112,000 to 112,000to194,000 USD with an average of $155,000 (with variation based on the certification type).
• Other certifications, such as Prince2, Scrum, or CSM may have different salary ranges.

Benefits for Organizations

• Certifications promote and sustain good project management practices within the organization.
• They improve efficiency through better return on investment (ROI) and minimize project delays and overruns.
• Strong relationships are built with stakeholders and clients.
• Clear career development pathways are established for project managers.
• Certifications enhance organizational competitiveness and maturity.

Factors to Consider When Choosing a Certification

• Choosing the right certification depends on various factors including:
  • Project type (traditional vs. agile)
  • Experience level
  • Organizational preferences
  • Cost
  • Timeframe
  • Industry standards
  • Knowledge requirements

Sample Project Management Certification Data

• Data indicates a relationship between years of experience, education levels, and certification status among project managers (598 individuals were sampled). The data includes details on the number of certifications, issue, type, and personal characteristics (gender, age ranges, and experience levels).

Certification Results

• A certification alone does not always predict project management performance.
• Simulations and real-world experiences can enhance project management skills acquired during certifications.
• Combining certification with networking can lead to better career opportunities.
• Certifications can act as a signal of professionalism and good performance.
• Certifications can potentially increase hiring quality and competence.

This quiz covers the principles of professional practice and standards, focusing specifically on project management certifications. Presented by Dr. Muath Abu Arqoub from Bond University, it highlights the importance of certifications for enhancing project manager competencies and success. Explore the various benefits that certifications can offer in advancing your career and knowledge in project management.