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Conclusion

The PMP certification adds huge value to a project manager's career. CIO magazine has ranked this certificate as the best option for those willing to advance on the industry since it proves that the project manager or lead has the specific set of skills and experience that today’s organizations seek. Certified PMPs get up to 25% higher earnings than non-certified ones and are expected to grow faster. Start preparing for your exam today and excel in your career!

Reference: https://www.pmi.org/certifications/project-management-pmp

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PMI PMP Content Outline

Initiating

The initiation phase of the project encompasses a total of 8 tasks including the following:

• Identifying the major deliverables depending on the business needs;
• Participating in the development of the project charter, which involves analyzing and compiling the existing information to ensure project stakeholders approve its elements;
• Performing project assessment based on the existing lessons and information obtained from the previous projects;
• Performing benefit analysis with the stakeholders to verify project alignment with the business strategies;
• Informing the stakeholders of the accepted project charter to create a common understanding of the key deliverables, milestones, and their responsibilities.
• Getting project charter approval for the sponsor to enact the authority dedicated to the project;
• Completing stakeholder analysis using the right tools and techniques to support projects;

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