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PMP Project Management Professional - PMP

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PMP exam Dumps Source : Project Management Professional - PMP

Test Code : PMP
Test Name : Project Management Professional - PMP
Vendor Name : PMI
Q&A : 920 Real Questions

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PMI Project Management Professional -

prepare to circulate the PMP® examination with an examination coaching category at Union County faculty | killexams.com Real Questions and Pass4sure dumps

CRANFORD – establish yourself as a globally-recognized venture supervisor by earning probably the most sought-after credential in the career, assignment administration knowledgeable (PMP)®.

PMP certification is a confirmed solution to raise your resume, elevate your profession knowledge, and raise your revenue. if you’re able to earn your PMP certification, the workplace of carrying on with education’s PMP examination coaching software starting on March 2, 2019, will help you prepare to flow the PMP exam.

This intensive six-week software combines live guide with The CertWise® discovering system for PMP® examination practise to extend and verify your abilities in areas important for venture management profession success. through focusing on the “PMBOK® e book–Sixth edition” content to help you put together for the exam, and our structured lecture room environment quickens discovering and improves retention. You’ll be better organized for the updated certification exam and greater positive in your venture administration function. classes could be held on Saturdays on the Cranford campus starting on March 2 and will end on April 13. each and every classification may be held from 9:00 a.m. to three:30 p.m. The expense of the program including the CertWise® researching device courseware is $1,395. 

For extra tips, view the continuing schooling brochure. To enroll online via instant Enrollment, go to http://www.ucc.edu/continuing-training/immediate-enrollment. possible also join by using calling the workplace of continuing training at (908) 709-7600 or via visiting the workplace on the Cranford campus at 1033 Springfield Avenue.


Interview: future of assignment administration in a world of digitalisation | killexams.com Real Questions and Pass4sure dumps

He pointed to the lower in the "survival costs of corporations" during the last few years as a trademark of the impact of digital disruption on businesses.

"in the '50s and '60s, S&P 500 organizations had a 60-yr survival cost. Over the next 5 to 6 years, we predict that survival cost to move right down to the young adults, can be 12, 13 or 14 years and that puts a lot of force on every business enterprise," the PMI govt observed on the sidelines of Dubai foreign undertaking management discussion board (DIPMF) in December 2018.

He reasoned that survival rates have dropped because "loads of establishments are going through some type of exchange," and whereas "each trade is delivered via a challenge, some corporations are unable to focus on the right attributes."

Paraphrasing a quote by way of the ex-CEO of Twitter, Dick Costolo, who spoke at a PMI experience final 12 months, he mentioned many businesses focal point on protecting their past however what they really need to do is focal point on conserving their future.

"I consider it truly is a really profound statement because once we analyze businesses such as Netflix or Amazon, we see that even right through the course of their greater than 25 years of existence, these groups are reinventing themselves," he referred to.

He brought that to keep pace with such changes, project managers deserve to believe in a different way in regards to the questions they need to ask, how quick they may still bring and how machine and algorithms would complement their teams.

"We used to emphasize social abilities as a result of task administration is set how you control between the technical capabilities, the management skills and the approach. Now we have put a fourth layer on appropriate as a result of digital abilities are equally crucial if no longer extra critical. What that capability is - how do I engage with a brand new member, or may be new participants of my group that are machines and algorithms."

He observed the success story of US-based sew repair, an internet own styling service for garb centered in 2011, may be a fine illustration of how tasks will change in the future. The company, presently valued at $2 billion, changed into developed on a premise that "everyone on the planet could have their own clothier."

"They did that by means of pairing AI with human stylists to be mindful americans's garb choices. With near one hundred records scientists, greater than one hundred algorithms which are consistently discovering and insights, they can actually design garb that no retailer can do," he talked about.

Bicak then painted a scenario the place each challenge would have people at the centre, machines and teams round them and a lot of ecosystem players.

He continued: "choices would be made very directly in line with decoding information, knowing information, asking a lot of questions, constructing hypothesis, killing speculation and pivoting, and that alterations the total way of value start."

future of work

Commenting on have an effect on of such alterations on venture management, Bicak observed it's inevitable that some initiatives would be automated over a period of time. He said an October 2017 PMI podcast with Michael Chui, companion, McKinsey international Institute (MGI), who observed that half of all of the actions americans are being paid to do in the international personnel can be automatic by adapting at the moment established applied sciences.

"That doesn't suggest that 50 percent of jobs are going away however that fifty p.c of projects can be computerized," pointed out Bicak.

a different study by way of MGI on the future of work, published in December 2017, found that that between seventy five million and 375 million americans around the world may need to alternate occupational classes and acquire new potential through the yr 2030.

then again, the outsourcing of certain tasks to machines or algorithms would also "create loads of time" for undertaking managers to center of attention on the issues they deserve to remedy, stated the PMI legit.

He pointed out: "We're then going to discover ourselves extra within the function of figuring out, asking questions, producing insights and leading. essential considering, creativity and innovativeness are going to develop into a good deal greater crucial going ahead and that i consider we will need to retrain our staff to reclaim that means."

however he also struck a notice of warning on latest hype round AI programs, stating that the technology remains at a nascent stage.

He spoke of: "while AI has taken off in fresh years because of the coming together of algorithm expertise, super-computing skill and availability of information, in 2018, we learned that if our information is biased, the output will be biased. we now have discovered that loads of the information that has been used for a couple of algorithms are basically biased from a racial perspective due to which they will make decisions that might be incorrect or biased."

A February 2018 press remark from MIT, citing a joint MIT- Stanford institution look at, pointed out gender and skin-category bias have been present in commercial facial-analysis programs with error costs as high as 34 percent in opting for the gender of darkish-skinned women.

"as a result of what has came about, researchers understood the immensity of this problem. We deserve to feel about points like legislation, governance and ethical coding. for this reason, as an instance, closing 12 months, Stanford tuition launched Human-Centred AI Initiative (HAI) to collect academia, industry, and governments to guide the future construction of AI."

Virtuous reductions cycle

The discount rates from digitalisation will also be reclaimed and reinvested to force further mark downs in tasks similar to a virtuous cycle, referred to Bicak.

The 2018 edition of PMI's annual Pulse of the occupation survey had discovered that very nearly 10 percent of every dollar is wasted due to negative assignment efficiency, which translates to $99 million for every $1 billion invested.

He explained: "Now we're no longer most effective going to not waste that 10 p.c but we will be able to take that and put it back into the system, and do that a number of times so that it's no longer just 10 cents on the dollar that will be saved. or not it's going to create ROI that may be put back into the equipment. We do not know that yet however we accept as true with that it should be enormous."

He additionally brought up that a key mandate for the strategy function that he helms at PMI is to prepare the non-profit affiliation for the "immensity of exchange within the future of work" through a metamorphosis programme.

"The query we're asking is: what does the digital know-how symbolize for the occupation and what is going to it allow us to do this we weren't able to do before? Our transformation is about discovering that answer," he pointed out.

under the transformation programme, he persisted, PMI determined to alternate posture and invest in innovation and in facts capabilities to superior keep in mind its stakeholders and their needs, and believe even more ahead in terms of publish-agile conversations in order that projects may also be delivered improved with much less waste, more quite simply, greater efficaciously and in reality attain the consequences.

"I think the premise of this programme is that it gives us an opportunity to truly reinvent ourselves and do some thing that we have not completed earlier than which will increase humanity," he concluded.

(Reporting with the aid of Anoop Menon; enhancing by Mily Chakrabarty)

(anoop.menon@refinitiv.com)

Our specifications: The Thomson Reuters have confidence principles

Disclaimer: this text is supplied for informational applications handiest. The content material does not provide tax, criminal or investment assistance or opinion regarding the suitability, price or profitability of any particular protection, portfolio or investment approach. examine our full disclaimer policy right here.

For extra statistics, analytics, tools and news on projects within the middle East talk over with the Thomson Reuters tasks portal

© Thomson Reuters tasks news 2019

All To know about PMP Certification practising | killexams.com Real Questions and Pass4sure dumps

Acronym for challenge management knowledgeable, PMP certification look at various inquires your knowledge and discovering in heading and renowned organizations, along with the conveyance of the assignment effects. Reckoned with the aid of quite a few groups and businesses, if in case you have obtained a great influence within the PMP test then actually you are at an higher facet. certainly, successfully clearing PMP certification can provide you a superior probability to occupations and on your promotion too. taking part in a necessary position on your lifestyles, PMP certification can truly work wonders for you, and your career. The 4-hour look at various is completely computing device based and has been performed more regularly than now not at the important PMI’s, for example, challenge administration Institutes.

photo TheAndrasBarta Pixabay

Qualification standards For PMP Certification

MP will also be noted as a mission management knowledgeable. This certification is one of the noted certifications in the tips innovation container. This certification approves the suggestions and knowledge that are required for steering, leading off the undertakings neighborhood and moreover in supplying the project outcomes in an incite route too in a well timed manner.

PMP certification requirements: (anyone is relevant for qualification):

In a request to gain PMP certification, a candidate wants a definite qualification for acquiring the certification.

they're:

  • Secondary college affirmation certificates or proportional certificate and approximately 5 years of work worried in pmp certification simply as 35 hours of training in assignment management.
  • 4-12 months college schooling or any identical degree certificate in any container and whatever thing like 3 years involvement in accomplishing management simply as 35 hours of education in assignment management.
  • Candidates should take up an examination in a request to acquire the certification. The verify is so long as four hours period with approximately 200 questions. Candidates need to take into accout that there's a nominal fee for writing the examination. check price expenses up to 550 USD approximately and the charge is at risk of change on account of local taxes just as in exchange fee (applicable most effective for foreign candidates making use of for the examination). Candidates who correctly take in the examination can be certified their certification and likewise, they get placed in different companies.

    Occupation roles for PMP certification:

    Occupation function is that a candidate can turn into a pioneer for a selected assignment group and moreover be responsible for supplying the mission in exceptional just as in a well timed manner.

    advantages for PMP certification:

    right here are the advantages of PMP certification and they're as follows.

  • certified candidates will take in the responsibilities of undertaking administration
  • skills of PMP certifications prompts excessive pay work
  • Accreditations of PMP certificates will replicate the accomplishment
  • Accreditations of PMP certifications will result in magnificent tasks in employment
  • skills of PMP certification will enhance the candidate’s suggestions just as aptitudes
  • It additionally continues ISO 17024 accreditation and likewise enhances the activity professions.
  • The PMP Certification

    The PMP Certification is the assignment management occupation’s most perceived and considered worldwide accreditation. There are more than 200,000 PMP’s worldwide based in more than a hundred and sixty international locations. To acquire PMP certification, a person have to fulfill training and adventure necessities, consent to stick with an expert Code of habits, and flow the PMP Certification Examination. The PMP Certification software underpins the worldwide network of conducting administration practitioners and is designed to unbiasedly survey and quantify skilled getting to know.

    PMI’s PMP Certification application offers individuals a big range of critical advantages. The PMP designation following o­ne’s identify demonstrates to bosses and different companions that an individual has a powerful basis of journey and education in undertaking management. The PMI Certification department is the leading knowledgeable certification software of its variety on this planet to get the ISO 9001 certification, an throughout the perceived signal of a high quality administration device. The project administration Institute (PMI), is the world’s preeminent expert for the assignment administration career.

    tips For Passing the PMP Certification exam

    In a request to gain PMP certification, every candidate must fulfill all exploratory and tutorial necessities which can be constructed up by way of PMI, and concur observe with the set of principles and should exhibit a legitimate dimension of understanding of task management. The PMP verify assessments each one of these traits within the candidates. PMP licensed experts must likewise exhibit continual expert pledge to extend management in a request to satisfy PMI carrying on with requirement program.

    generic PMP Certification exam assistance:

    make sure you take note of peculiarly crucial equations, principally PERT and Earned Values.

    you should work on averting the absolutely dicey alternatives first.

    reply questions which can be identified with PMBOK (project management neighborhood of gaining knowledge of) concepts at first after which you ought to trust the journey. in the event that they battle one a different, you should offer need to PMBOK.

    There aren't any poor imprints, so be sure to no longer leave any query unanswered.

    remember to comply with some recommended guessing for questions which you no notion concerning. you should definitely bear in mind that you've got only eighty-second each and each query. in case you don’t understand the answer to any question, you should definitely check it and proceed onward to the next question. that you would be able to determine it once again after completing the ultimate questions.

    answer the questions stylish on the PMBOK concepts first, and then consider your experience. in the event that they are in battle, the PMBOK wins.

    PMI theory-organized information:

    The conducting manager will adopt a proactive approach and won’t continue ready except a hazard turns into a tremendous problem. it is a vital concept which may also be recognized with part of the questions in the look at various. challenge manager received’t heighten the complications in the past inspecting it absolutely and finding out alternate options. you'll want to feel like that earlier than answering the questions recognized with such cases.

  • You have to outline the roles and tasks without doubt.
  • that you could settle for historical databases and classes realized are attainable.
  • engaging in managers should community a wide array of challenging and smooth potential.
  • counsel regarding Questions:

  • There are just a few questions which may also have additional information which isn’t significant to the correct reply. remember to learn about such questions and also you require no longer to make use of all of the guidance which is given in the question.
  • each question has only 1 correct reply and you should select the most acceptable one.
  • make sure you reply the questions with PMI factor of view and not found on your work realizing.
  • Passing PMP Certification check requires a part of education and PMP certification apply checks can also be advantageous for that reason. competencies grasp gives free deride tests to candidates who are trying to find to compose the PMP certification verify.

    The merits of PMP Certification

    The PMP qualification which ensures groups that you simply’re concentrated on PM is one of the most esteemed accreditations in accomplishing management. It portrays a robust basis of involvement in proficiently managing tasks by means of incomes and remaining this accreditation. established in 1969, PMI became examined correct off the bat in 1984, and these days it includes in excess of 150,000 individuals throughout the area.

    You need to be PMP for some licensed causes:

  • it is proof of your mastery efficiency
  • It brings greater occupation options to your specific circle or industry
  • It enhances your marketableness
  • It enhances the self belief of customer in you just as your firm
  • in the adventure that you just accept as true with for taking the look at various, you deserve to be been a PM for a couple of years, containing 35 hours for formal PM education earlier than taking the examine for 4 hours which comprises 200 questions created randomly, although, it simply ratings a hundred seventy five of the questions. You need to get 141 appropriate solutions to circulate.

    The advantages of PMP Certification

    PMP certification makes your resume seem to be impressive

    it will possibly increase your resume, enable you to be diverse between going for a profession as an undertaking manager and being acknowledged for others, undoubtedly that certified PMP. moreover, PMP certification of the PM is required through many managers and that they gained’t contact americans who don’t have PM certification. when you've got the certification it may be in reality simpler to seek a profession as a undertaking or program supervisor.

    throughout the time spent application for occupation, a professional enrollment professional chastised me for no longer getting “PMP” adjoining to my name on the accurate of the CV, there is a person overcoming many CVs normally. She concept it’s critical to get PMP certification. and eventually, I wound up having that activity.

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    Project Management Professional - PMP

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    Prepare to Pass the PMP® Exam with an Exam Preparation Class at Union County College | killexams.com real questions and Pass4sure dumps

    CRANFORD – Establish yourself as a globally-recognized project manager by earning the most sought-after credential in the profession, Project Management Professional (PMP)®.

    PMP certification is a proven way to enhance your resume, elevate your career potential, and boost your earnings. If you’re ready to earn your PMP certification, the Office of Continuing Education’s PMP Exam Preparation program beginning on March 2, 2019, will help you prepare to pass the PMP Exam.

    This intensive six-week program combines live instruction with The CertWise® Learning System for PMP® Exam Preparation to expand and test your knowledge in areas critical for project management career success. By focusing on the “PMBOK® Guide–Sixth Edition” content to help you prepare for the exam, and our structured classroom environment accelerates learning and improves retention. You’ll be better prepared for the updated certification exam and more effective in your project management role. Classes will be held on Saturdays at the Cranford campus beginning on March 2 and will end on April 13. Each class will be held from 9:00 a.m. to 3:30 p.m. The price of the program including the CertWise® Learning System courseware is $1,395. 

    For more information, view the Continuing Education brochure. To enroll online through Instant Enrollment, go to http://www.ucc.edu/continuing-education/instant-enrollment. One can also enroll by calling the Office of Continuing Education at (908) 709-7600 or by visiting the office on the Cranford campus at 1033 Springfield Avenue.


    All To Know About PMP Certification Training | killexams.com real questions and Pass4sure dumps

    Acronym for Project Management Professional, PMP certification test inquires your abilities and learning in heading and prominent groups, along with the conveyance of the task results. Reckoned by various companies and organizations, if you have obtained a great outcome in the PMP test then definitely you are at an upper edge. Indeed, successfully clearing PMP certification may give you a superior chance to occupations and in your promotion too. Playing an essential role in your life, PMP certification can really work wonders for you, and your career. The four-hour test is totally PC based and has been conducted more often than not at the major PMI’s, for example, Venture Management Institutes.

    photo TheAndrasBarta Pixabay

    Qualification Criteria For PMP Certification

    MP can be said as a venture management professional. This certification is one of the famous certifications in the information innovation field. This certification approves the information and abilities that are required for directing, leading off the undertakings group and additionally in delivering the task results in an incite path too in a timely manner.

    PMP certification requirements: (Anyone is applicable for qualification):

    In a request to obtain PMP certification, a candidate needs a certain qualification for obtaining the certification.

    They are:

  • Secondary school confirmation certificate or proportional certificate and approximately 5 years of work involved in pmp certification just as 35 hours of education in task management.
  • Four-year college education or any identical degree certificate in any field and something like 3 years involvement in undertaking management just as 35 hours of education in task management.
  • Candidates need to take up an examination in a request to obtain the certification. The test is as long as 4 hours duration with approximately 200 questions. Candidates need to take note that there is a nominal expense for writing the examination. Test expense costs up to 550 USD approximately and the charge is liable to change because of nearby taxes just as in exchange rate (applicable only for international candidates applying for the examination). Candidates who successfully take up the examination will be certified their certification and likewise, they get placed in different companies.

    Occupation roles for PMP certification:

    Occupation role is that a candidate can turn into a pioneer for a particular task group and additionally be responsible for delivering the venture in quality just as in a timely manner.

    Benefits for PMP certification:

    The following are the benefits of PMP certification and they are as follows.

  • Certified candidates will take up the responsibilities of venture management
  • Qualifications of PMP certifications prompts high pay work
  • Accreditations of PMP certificate will mirror the accomplishment
  • Accreditations of PMP certifications will lead to incredible responsibilities in employment
  • Qualifications of PMP certification will enhance the candidate’s information just as aptitudes
  • It additionally maintains ISO 17024 accreditation and likewise enhances the activity professions.
  • The PMP Certification

    The PMP Certification is the task management profession’s most perceived and regarded worldwide accreditation. There are more than 200,000 PMP’s worldwide situated in more than 160 countries. To obtain PMP certification, an individual must fulfill education and experience requirements, consent to stick to a Professional Code of Conduct, and pass the PMP Certification Examination. The PMP Certification Program underpins the worldwide network of undertaking management practitioners and is designed to unbiasedly survey and quantify professional learning.

    PMI’s PMP Certification Program offers individuals a wide range of important benefits. The PMP designation following o­ne’s name demonstrates to bosses and other partners that an individual has a strong foundation of experience and education in undertaking management. The PMI Certification Department is the main professional certification program of its kind on the planet to get the ISO 9001 certification, an all around the perceived sign of a quality management system. The Project Management Institute (PMI), is the world’s preeminent specialist for the task management profession.

    Tips For Passing the PMP Certification Exam

    In a request to obtain PMP certification, each candidate ought to fulfill all exploratory and educational requirements which are built up by PMI, and concur follow with the set of principles and ought to demonstrate a legitimate dimension of understanding of task management. The PMP test tests every one of these characteristics in the candidates. PMP certified specialists ought to likewise demonstrate continuous professional pledge to extend management in a request to fulfill PMI continuing requirement program.

    General PMP Certification Exam tips:

    You should have in mind exceptionally important equations, particularly PERT and Earned Values.

    You should work on avoiding the totally dicey options first.

    Answer questions which are identified with PMBOK (Project management group of learning) concepts initially after which you ought to consider the experience. If they conflict one another, you should offer need to PMBOK.

    There are no negative imprints, so you should not leave any question unanswered.

    You should follow some informed guessing for questions which you no thought regarding. You should remember that you have only eighty-second each and every question. If you don’t know the answer to any question, you should check it and proceed onward to the next question. You can check it again after finishing the remaining questions.

    Answer the questions dependent on the PMBOK concepts first, and then consider your experience. If they are in conflict, the PMBOK wins.

    PMI concept-arranged tips:

    The undertaking manager will adopt a proactive strategy and won’t continue waiting until a hazard turns into a major problem. It is an important concept which can be identified with part of the questions in the test. Venture manager won’t heighten the problems previously analyzing it totally and finding out options. You should think like that before answering the questions identified with such situations.

  • You ought to define the roles and responsibilities obviously.
  • You can accept historical databases and lessons learned are accessible.
  • Undertaking managers should group a wide range of hard and soft abilities.
  • Tips Related to Questions:

  • There are a few questions which may have additional information which isn’t relevant to the right answer. You should know about such questions and you require not to use all the information which is given in the question.
  • Each question has only one right answer and you should choose the most appropriate one.
  • You should answer the questions with PMI point of view and not found on your work understanding.
  • Passing PMP Certification test requires part of preparation and PMP certification practice tests can be useful for this reason. Expertise master gives free deride tests to candidates who seek to compose the PMP certification test.

    The Advantages of PMP Certification

    The PMP qualification which guarantees businesses that you’re focused on PM is one of the most esteemed accreditations in undertaking management. It portrays a strong foundation of involvement in proficiently managing tasks by earning and remaining this accreditation. Established in 1969, PMI was examined right off the bat in 1984, and today it includes in excess of 150,000 individuals throughout the world.

    You ought to be PMP for some certified reasons:

  • It is proof of your mastery performance
  • It brings more occupation chances in your specific circle or industry
  • It enhances your marketableness
  • It enhances the confidence of customer in you just as your organization
  • In the event that you consider for taking the test, you need to be been a PM for a few years, containing 35 hours for formal PM education before taking the test for 4 hours which includes 200 questions created randomly, however, it just scores 175 of the questions. You have to get 141 right answers to pass.

    The Advantages of PMP Certification

    PMP certification makes your resume look incredible

    It can enhance your resume, enable you to be different between going for a career as an undertaking manager and being acknowledged for others, most likely that certified PMP. In addition, PMP certification of the PM is required by many managers and they won’t contact people who don’t have PM certification. If you have the certification it will be definitely less demanding to look for a career as a venture or program manager.

    During the time spent application for occupation, a professional enrollment specialist chastised me for not getting “PMP” adjacent to my name at the top of the CV, there is someone overcoming many CVs consistently. She thought it’s important to get PMP certification. And finally, I wound up having that activity.

    Author: Shivani Chambial


    Interview: Future of project management in a world of digitalisation | killexams.com real questions and Pass4sure dumps

    He pointed to the decrease in the "survival rates of organisations" over the past few years as an indicator of the impact of digital disruption on businesses.

    "In the '50s and '60s, S&P 500 organisations had a 60-year survival rate. Over the next five to six years, we expect that survival rate to go down to the teens, may be 12, 13 or 14 years and that puts a lot of pressure on every organisation," the PMI executive said on the sidelines of Dubai International Project Management Forum (DIPMF) in December 2018.

    He reasoned that survival rates have dropped because "a lot of organisations are going through some sort of change," and while "every change is delivered through a project, some organisations are unable to focus on the right attributes."

    Paraphrasing a quote by the ex-CEO of Twitter, Dick Costolo, who spoke at a PMI event last year, he said many organisations focus on protecting their past but what they really need to do is focus on protecting their future.

    "I think that's a very profound observation because when we look at organisations such as Netflix or Amazon, we see that even during the course of their more than 25 years of existence, these companies are reinventing themselves," he noted.

    He added that to keep pace with such changes, project managers need to think differently about the questions they need to ask, how fast they should deliver and how machine and algorithms would complement their teams.

    "We used to emphasise social skills because project management is about how you manage between the technical skills, the leadership skills and the strategy. Now we have put a fourth layer on top because digital skills are equally important if not more important. What that means is - how do I interact with a new member, or may be new members of my team which are machines and algorithms."

    He said the success story of US-based Stitch Fix, an online personal styling service for clothing founded in 2011, could be a good example of how projects will change in the future. The company, currently valued at $2 billion, was built on a premise that "everybody in the world could have their own designer."

    "They did that by pairing AI with human stylists to understand people's clothing choices. With close to 100 data scientists, more than 100 algorithms that are constantly learning and insights, they can actually design clothing that no retailer can do," he said.

    Bicak then painted a scenario where every project would have humans at the centre, machines and teams around them and many ecosystem players.

    He continued: "Decisions would be made very quickly based on interpreting data, understanding data, asking lots of questions, building hypothesis, killing hypothesis and pivoting, and that changes the whole way of value delivery."

    Future of work

    Commenting on impact of such changes on project management, Bicak said it is inevitable that some tasks would be automated over a period of time. He referred to an October 2017 PMI podcast with Michael Chui, Partner, McKinsey Global Institute (MGI), who said that half of all the activities people are being paid to do in the global workforce could be automated by adapting currently demonstrated technologies.

    "That doesn't mean that 50 percent of jobs are going away but that 50 percent of tasks can be automated," said Bicak.

    Another study by MGI on the future of work, published in December 2017, found that that between 75 million and 375 million people around the world may need to change occupational categories and acquire new skills by the year 2030.

    On the other hand, the outsourcing of certain tasks to machines or algorithms would also "create a lot of time" for project managers to focus on the problems they need to solve, said the PMI official.

    He said: "We're then going to find ourselves more in the role of understanding, asking questions, generating insights and leading. Critical thinking, creativity and innovativeness are going to become much more important going forward and I think we're going to have to retrain our workforce to reclaim that capability."

    But he also struck a note of caution on current hype around AI systems, pointing out that the technology is still at a nascent stage.

    He said: "While AI has taken off in recent years due to the coming together of algorithm technology, super-computing capability and availability of data, in 2018, we learned that if our data is biased, the output will be biased. We have learned that a lot of the data that has been used for a number of algorithms are actually biased from a racial perspective due to which they will make decisions that will be wrong or biased."

    A February 2018 press statement from MIT, citing a joint MIT- Stanford University study, said gender and skin-type bias were found in commercial facial-analysis programs with error rates as high as 34 percent in determining the gender of dark-skinned women.

    "Because of what has happened, researchers understood the immensity of this problem. We need to think about aspects like legislation, governance and ethical coding. Thus, for example, last year, Stanford University launched Human-Centred AI Initiative (HAI) to bring together academia, industry, and governments to guide the future development of AI."

    Virtuous savings cycle

    The savings from digitalisation can be reclaimed and reinvested to drive further savings in projects akin to a virtuous cycle, noted Bicak.

    The 2018 edition of PMI's annual Pulse of the Profession survey had found that nearly 10 percent of every dollar is wasted due to poor project performance, which translates to $99 million for every $1 billion invested.

    He explained: "Now we're not only going to not waste that 10 percent but we're going to be able to take that and put it back into the system, and do that several times so that it's not just 10 cents on the dollar that will be saved. It's going to create ROI that will be put back into the system. We don't know that yet but we believe that it will be significant."

    He also pointed out that a key mandate for the strategy function that he helms at PMI is to prepare the non-profit association for the "immensity of change in the future of work" through a transformation programme.

    "The question we are asking is: what does the digital technology represent for the profession and what will it enable us to do that we weren't able to do before? Our transformation is about finding that answer," he said.

    Under the transformation programme, he continued, PMI decided to change posture and invest in innovation and in data capabilities to better understand its stakeholders and their needs, and think even more forward in terms of post-agile conversations so that projects can be delivered better with less waste, more effectively, more efficiently and really reach the outcomes.

    "I think the premise of this programme is that it gives us an opportunity to really reinvent ourselves and do something that we have not done before that will advance humanity," he concluded.

    (Reporting by Anoop Menon; Editing by Mily Chakrabarty)

    (anoop.menon@refinitiv.com)

    Our Standards: The Thomson Reuters Trust Principles

    Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

    For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal

    © Thomson Reuters Projects News 2019


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