It documents the options considered and it is normal practice to include the ‘do-nothing’ option as a reference. The approved business case provides a record of the decisions made by governance about how to achieve the required return on investment from the work. The business case is reviewed and revised at decision gates as more mature estimates and information become available. Management approach: Roles, governance structure, life cycle choice, etc.Financial case: Affordability to the organisation in the time frame.Commercial approach: Derived from the sourcing strategy and procurement strategy.Economic analysis: Return on investment based on investment appraisal of options.Strategic context: The compelling case for change.© 2010 Project Management Learning – Reproduction of this material is strictly prohibited without the written consent of Project Management Learning.A common way of thinking about a business case is using these five elements: While, as we stated, PMP is considered a title, your are discouraged to mention it extensively in front of other Project Managers that may very well be much more experienced than you (and often not holding any kind of Project Management accreditation). Quick Note: Some Project Managers append “PMP” to their name while posting in various Project Management forums and commenting on Project Management posts/articles. Since PMP is now a prominent accreditation, it has now a “title status”, and since it adds value to the Project Managers, it is a good promotion to the individual and can definitely be added to the business card of the Project Manager. It definitely adds value to the Project Manager.It has now become a prominent and a reputable accreditation.Is It Appropriate to Add PMP to the Project Manager’s Business Card?īy examining the history of the PMP accreditation, one can easily determine that is has the following 2 characteristics: ![]() Worldwide, the current number of PMP certified people is around 360,000. This means that not just everyone can get this certification. The current PMP pass rate is 80% (according to the PMI) and almost every applicant studies hard for the PMP test. It is worthy to note that in the whole history of the accreditation (and so far), it was never easy to become PMP certified, even if the applicant is an experienced Project Manager. Project Managers (and sometimes persons with no Project Management experience) started seeking this certification on an individual basis in order to increase their salary and their job prospects.Įver since, the demand for the PMP certification has skyrocketed, and it’s fast becoming a requirement for Project Managers (with the exception of countries where the PRINCE2 certification is much more prominent), and no longer a “nice-to-have” certification. The above reasons created a rush (that still exists) to get become PMP certified. Companies started paying higher salaries for PMP certified Project Managers.Companies started seeking PMP certified Project Managers to fill in Project Management jobs. ![]() Its reputation and popularity increased dramatically.The mid 90’s was a turning point for the PMP certification, namely because: The PMP accreditation was launched as a response to the increasing number of projects worldwide, to give companies the ability to test the knowledge of their Project Managers, in order to make sure that these Project Managers are fully capable of managing projects efficiently. The PMP accreditation was initiated in 1984 by PMI which is, as of 2010, a 40 year old (self-proclaimed) not-for-profit organization, aiming at enhancing the status of Project Management worldwide, and promoting it as a profession, while at the same time, defining Project Management standards. ![]() However, since business cards are all about promotion, then adding any title (including a prominent accreditation title) promoting the person is considered acceptable. Business cards usually include the career position and/or the level of education. Recently, titles have been used to highlight prominent accreditations issued by either commercial or self-proclaimed not-for-profit organizations, such as “MCSC” (issued by Microsoft) or “CCNA” (issued by Cisco).īusiness cards are essentially given to one’s acquaintances to promote himself or his business. Titles are suffixes or prefixes appended to the name of the person originally used to highlight a certain career position (for example “MD”), a level of education (“Ph.D.”, “MBA”), a rank in the government (“MP”), etc…. In order to determine the right answer to this question, we need to examine three things: titles, business cards, and the history of the PMP accreditation. Newly PMP certified Project Managers wonder whether they should append “PMP” as a title in their business card or not.
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