PMP Certification Training - Case Study - 2

The video discusses a telecom project aiming to upgrade to a 5G network. Despite having a competent project manager and a well-developed project management plan, the project faced challenges like negative cost and schedule variances, leading to team demoralization. The video highlights the importance of the PMI Talent Triangle, which includes technical project management, leadership, and strategic and business management. It emphasizes the need for project managers to possess interpersonal skills and adapt leadership styles to manage team dynamics effectively.

What was the main project requirement for the software company?

• To expand the employee base

• To reduce operational costs

• To develop a new software application

• To upgrade to a 5G network

What was one of the main challenges faced by the project manager?

• Difficulty in convincing stakeholders about negative variances

• Failure to meet the project deadline

• Inability to manage the budget

• Lack of technical skills

According to PMI, what is a crucial competency for project managers besides technical skills?

• Marketing skills

• Financial management

• Human resource management

• Leadership and strategic thinking

What does the PMI Talent Triangle consist of?

• Strategic planning, marketing, and leadership

• Leadership, human resources, and technical project management

• Technical project management, financial management, and marketing

• Technical project management, leadership, and strategic and business management

What should a project sponsor consider when selecting a project manager?

• Their previous job titles

• Their understanding of the PMI Talent Triangle

• Their educational background

• Their ability to work independently

What is recommended for project managers who lack certain skills?

• To delegate all tasks

• To change their career path

• To focus only on their strengths

• To undergo training in areas of weakness

What is a key aspect of leadership according to the PMI Talent Triangle?

• Data gathering

• Guiding and motivating a team

• Market awareness

• Budget estimation