If you're a general project manager, and you're looking for work, you're probably not finding as much available work or noticing people are not willing to pay you as much as they used to. With an increased amount of people choosing project management as their profession, you need to find a way to stand apart from them. If you focus on a niche market or vertical or refine your skills in a particular knowledge area, you may find yourself in great demand and commanding a much higher rate.
Lindsay Scott asks some excellent questions.
Think about your own situation and circumstance; if you were to market your own specialism what would it be?
What areas of business and industry are looking for your particular specialism?
How can you work the current marketplace demands to your advantage?
To get more on this topic, read more from Arras People and Lindsay Scott.
This is the number combination I want you to remember.
5 Process Groups
9 Knowledge Areas
A colleague of mine just passed his PMP® exam. What was one of his regrets? He should have memorized page 43 of the PMBoK. Why? Page 43 is an excellent road-map. Go to any process on page 43 and you'll have a corresponding process group and knowledge area.
Want to Report Performance? You'll find it atthe crossroad of Communications Management and Monitoring & Controlling. By memorizing the items on this page, you will be able visualize where you are within a project lifecycle and answer a bunch of questions on the exam.
To make it easy on you, I created a simple piece of study material, based on page 43 of the PMBOK
Page 1 has all of the process groups, knowledge areas, and processes
Page 2 is missing Initiating processes
Page 3 is missing Planning processes
Page 4 is missing Executing processes
Page 5 is missing Monitoring & Controlling processes
With so many other things, memorizing isn't going to do you any good if you can't practically apply what you committed to memory. I can't say I have a use case from the real world, where memorizing page 43 would apply. But, if you want a leg up on passing the PMP® exam, I think it's a great start.
If you're studying for your PMP®, I think you must watch this video. This guy, Jeff Minder (PMP) of Victory Vets, gets it. As a disclaimer, I am in no way profiting or promoting his service. I just think he did an awesome job with this video. While I've been working on HueCubed, I've realized the importance of memorizing page 43 of the PMBoK. I don't think you can memorize the entire PMBoK and expect to pass the PMP Exam. To be honest, I would hope you wouldn't. The exam is a series of scenario based questions. You are not going to be asked to define a project. Rather, a lengthy statement will be made and you'll probably be asked if it is a project, operations work, both, or neither.
But back to the video and memorizing page 43.
My analogy of memorizing page 43 is like a child memorizing his or her ABCs. When they memorize their ABCs, they can then identify which letters are vowels and which are consonants. They can then build words to put into sentences. Sentences go into paragraphs...and so on and so on. Memorizing the ABCs will not make kids literary geniuses. Rather, they use the ABCs as building blocks for future learning.
When you're looking at page 43 of the PMBoK, you'll see Process Groups, Knowledge Areas, and processes. You need to memorize these core processes and understand where they fit into the big picture of a project. In this video, Jeff explains the proper way to read page 43. Yes, there is correct way to read that page.
From my perspective, the other note to make about this video happens at 6:17. The PMBoK and testing are written toward a projectized organizational perspective, in comparison to functional, matrixed, or composite. Remember that!