Planning

Project planning involves a series of activities aimed at supporting a project throughout its lifecycle. Some of the tasks you will be expected to perform here include:

• Reviewing and assessing detailed project constraints, assumptions, and requirements with stakeholders depending on the project charter;
• Designing scope management & cost management plans;
• Developing the stakeholder management plan.
• Presenting the project management plan to relevant stakeholders;
• Planning for risk management by designing a special plan;
• Designing the procurement management, quality management & change management plans;
• Developing human resource management as well as communication management plans;
• Creating the project schedule;
• Conducting kick-off meeting communicating the commencement of the project, key milestones, and other critical information;

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PMI PMP Content Outline

Initiating

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

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

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

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Career Opportunities & Pay for PMP Certified Individuals

The PMP certification opens numerous doors in project management. Certified professionals can get a job as a senior project manager, technical project manager, director of operations, and others. When it comes to compensation, PMI states that PMP accredited individuals have 25% higher salaries in the US compared to non-certified specialists. The average pay for PMP professionals is about $107k annually, according to PayScale.com.