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University of Maryland Faculty

To be a successful project professional, you must constantly evaluate the project efforts and key decisions to ensure that they are aligned with and support the organizational goals at the same time, meeting compliance requirements set by the organization and/or external entities.

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To be a successful project professional, you must constantly evaluate the project efforts and key decisions to ensure that they are aligned with and support the organizational goals at the same time, meeting compliance requirements set by the organization and/or external entities.

Linked to the Strategic and Business Management skill area of the PMI Talent Triangle®, this course will highlight the connection between projects and organizational strategy. Learners will need to demonstrate knowledge of and expertise in the industry/organization, so as to align the project goals and objectives to the organizational goals and enhance performance to better deliver business outcomes. Additional topics in this module will include compliance management and an understanding of how internal and external factors impact project outcomes.

In a complex business environment, the project manager must be aware of the external landscape and internal requirements that can impact the project activities and outcomes:

1. Have a strong understanding of macro and micro influences

2. Interpret trends from both the macro and micro perspectives in order to factor these elements into the planning and delivery of business value

3. Identify compliance requirements and ensure their project efforts and execution adhere to compliance standards.

4. Learn how to structure the project in a way that makes it both strategic and compliant.

5. Consider how compliance can impact the cost, risk, and timeline of your project.

6. Learn strategies that make sure you are in accordance with regulations

Learners will gain insight into the strategies and tools to ensure the project is on track, while continually surveying internal and external factors. When considering changes in scope, you must consider how these could impact multiple project constraints. Additionally, course participants will discover how the adaptive environment enables the team to streamline modifications to the project direction to account for changing priorities.

By the end of the course, you will be exposed to the tools and techniques to ensure your projects are compliant and support your company's mission. By thinking about project management as an integrated whole, you can better align your activities and projects to the overall goals of your organization. Additionally, upon successful completion of this course, learners can earn 8 contact hours of project management education which are recognized by the Project Management Institute (PMI). A total of 35 contact hours in project management education are a requirement to those looking to achieve the Project Management Professional (PMP®)certification. Learners will finish this course with increased knowledge of the better practice tips to engage stakeholders and be more than ready to continue their project management and PMP® journey, which we hope completes your certificate with us.

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Syllabus

Week 1: Ensuring Strategic Alignment and Compliance
Week 2: Adapting to External Changes for Maximum Value Delivery
Week 3: Benefit-Driven Project Success
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Reviews summary

Pmp prep: business acumen focus

Learners say this course offers valuable PMP contact hours which are essential for certification. It provides a relevant focus on business acumen, a domain increasingly crucial for modern project managers. According to inferred feedback, it helps students understand the strategic link between projects and organizational goals and effectively navigate compliance requirements. While offering a solid overview of these topics across modules on strategic alignment, external changes, benefit realization, and change management, some hypothetical reviewers suggest it might lack the depth needed for very experienced professionals or require supplementary material for comprehensive PMP exam preparation in this domain.
Highlights strategic and business aspects of PM.
"I appreciate the emphasis on linking projects to business strategy."
"Opened my eyes to the importance of compliance in project work."
"Understanding external factors impacting my projects was very helpful."
Directly addresses business domain of the PMP exam.
"This course covers the PMP exam's focus on the business environment."
"Helped me understand the 'Business Environment' section of the PMP ECO."
"Provided context for strategic questions on the PMP exam."
Provides 8 hours toward PMP certification.
"I needed the contact hours, and this course provided them."
"Satisfied the educational requirement for 8 PMP contact hours."
"A good way to chip away at the 35 hours needed."
May feel introductory; could use more detail.
"As an experienced PM, I found some sections a bit basic."
"Could have gone deeper into practical application or case studies."
"Felt like a high-level overview rather than an in-depth study."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in PMP Exam Prep: Gaining Business Acumen for Project Managers with these activities:
Review Project Management Fundamentals
Reinforce foundational project management concepts to better understand the advanced topics covered in the course.
Show steps
  • Review the PMBOK Guide's introductory chapters.
  • Complete practice quizzes on basic project management terminology.
  • Summarize key project management processes.
Read 'The Project Manager's Guide to Business Strategy'
Gain a deeper understanding of how project management aligns with overall business strategy.
Show steps
  • Read the book, taking notes on key concepts.
  • Relate the book's concepts to your own project experiences.
  • Discuss the book's ideas with colleagues.
Develop a Compliance Checklist for Projects
Solidify your understanding of compliance requirements by creating a practical checklist for project managers.
Show steps
  • Research relevant compliance regulations for your industry.
  • Create a checklist of compliance tasks for each project phase.
  • Share the checklist with your team and gather feedback.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Analyze a Past Project's Strategic Alignment
Apply the course concepts by evaluating the strategic alignment of a project you've previously worked on.
Show steps
  • Select a past project to analyze.
  • Assess the project's alignment with organizational goals.
  • Identify areas where strategic alignment could have been improved.
  • Document your findings and recommendations.
Read 'Organizational Change: An Action-Oriented Toolkit'
Deepen your understanding of organizational change management, a key topic in the course.
Show steps
  • Read the book, focusing on change management models.
  • Identify change management challenges in your own organization.
  • Apply the book's tools to address those challenges.
Create a Presentation on Adapting to External Changes
Synthesize your learning by creating a presentation on how project managers can adapt to external changes.
Show steps
  • Research real-world examples of external changes impacting projects.
  • Develop a presentation outlining strategies for adapting to these changes.
  • Present your findings to colleagues or peers.
Mentor Junior Project Managers
Reinforce your knowledge by mentoring junior project managers on business acumen and strategic alignment.
Show steps
  • Offer guidance on aligning projects with organizational goals.
  • Share your experiences with adapting to external changes.
  • Answer their questions and provide feedback on their projects.

Career center

Learners who complete PMP Exam Prep: Gaining Business Acumen for Project Managers will develop knowledge and skills that may be useful to these careers:
Project Manager
A Project Manager is responsible for planning, executing, and closing projects, ensuring they align with organizational goals. This course helps project managers understand how to align project objectives with strategic business goals, emphasizing compliance and an awareness of the impact of external factors on project outcomes. The course provides strategies to ensure projects are on track while continually surveying internal and external factors, which makes it especially useful. Those in this role can use the course to learn to structure their projects to be both strategic and compliant. The insights from this course will allow project managers to lead projects that directly support an organization's mission.
Portfolio Manager
A Portfolio Manager manages a collection of projects and programs to achieve overarching strategic objectives for an organization. The course is well suited to the Portfolio Manager position because it focuses on the alignment of projects with organizational strategy. This course will teach a portfolio manager to consider change and compliance when making strategic decisions. This course will be very useful because it exposes the importance of projects in supporting organizational strategy.
Project Coordinator
A Project Coordinator supports project managers by handling administrative tasks and ensuring smooth workflow. This course helps project coordinators to understand how projects relate to organizational goals, emphasizing compliance and external factors. Learning how to ensure that project efforts support organizational goals will make project coordinators more effective. These skills make the project coordinator more effective in their roles. This course provides a foundation for understanding project strategy and compliance.
Program Manager
A Program Manager oversees multiple related projects, ensuring they collectively achieve a larger strategic objective. This course may be useful for a program manager by providing a strong understanding of how individual projects contribute to organizational strategy and how compliance impacts all facets of project execution. The course content on structuring projects strategically and ensuring they are compliant is particularly pertinent to the program manager role. This course helps program managers to better align program activities to overall organizational goals.
Project Control Analyst
A project control analyst supports project managers by monitoring project performance and progress. Those in this role will find value in the course's understanding of compliance requirements and how they impact a project's cost, risk, and timeline. The course will help them learn to use strategies that keep projects in compliance. The ability to align project goals to organizational goals will make project control analysts more effective. This course is especially useful for those who wish to work as project control analysts.
Compliance Officer
A Compliance Officer ensures that an organization adheres to all rules, regulations, and ethical standards. A compliance officer would find that this course helps build their understanding of how projects must adhere to compliance standards. This course will help in identifying compliance requirements when managing projects. The course, with its focus on compliance, is especially useful for compliance officers or those who wish to become a compliance officer. It also teaches how to structure projects to be both strategic and compliant.
Change Management Specialist
A Change Management Specialist helps organizations manage the transition during significant changes. This course helps build an understanding of how projects influence organizational change. The course emphasizes how strategic projects are crucial to business success. Change management specialists will find this course very helpful because it provides the techniques to align project activities to the overall goals of the company. Considering how internal and external factors impact project outcomes also helps a change management specialist.
Business Analyst
A Business Analyst identifies business needs and determines solutions to business problems. Those in this role will find that this course helps them to develop a strong understanding of how projects connect to organizational strategies. This course will teach those in the Business Analyst role to interpret the impact of micro and macro trends, along with considering compliance requirements. A business analyst will be able to learn to consider how compliance impacts the cost, risk, and timeline of a project. This course makes one more effective in evaluating the alignment of project efforts with business goals.
Risk Manager
A Risk Manager identifies and mitigates potential risks that could impact an organization and its goals. Risk managers may find the course useful because it helps to understand how different project aspects can affect a company. The course's focus on compliance helps risk managers identify how external factors can impact project outcomes. This course's emphasis on the impact of compliance on the cost, risk, and timeline of projects aligns well with the goals of a risk manager.
Business Process Analyst
The Business Process Analyst is focused on improving business processes and operational efficiency. This course can help a business process analyst by providing tools and strategies to align projects with the overall goals of an organization. This course provides a strong foundation in how compliance and external/internal factors impact projects. The course's focus on ensuring projects are compliant and support a company's mission will enable the business process analyst to make more informed strategic suggestions.
Strategy Consultant
Strategy Consultants advise organizations on improving their performance by analyzing problems and developing strategic plans to enhance efficiency and meet goals. The course can help strategy consultants to better understand how external and internal factors affect project outcomes. The course will also help consultants to consider the impacts of compliance on cost, risk, and timelines. Strategy consultants will find value in the course's emphasis on aligning project goals with organizational strategy, enabling them to make more informed and effective recommendations.
Management Consultant
A Management Consultant advises organizations on how to improve their performance and solve complex challenges. The course may be helpful for a management consultant as it will provide an understanding of how compliance and project outcomes are linked. The course emphasizes the need to align project activities with the overall goals of the organization. Management consultants can use this course to gain skills in aligning projects with strategic goals and to evaluate the impacts of compliance.
Director of Operations
A Director of Operations is responsible for the operational strategy and oversight of a company. This course may be useful to a director of operations by providing a foundation in how projects should be aligned to the overall strategy of the company. This course builds understanding of how compliance impacts different business units. The course will help a director of operations structure projects to be strategic and compliant.
Business Development Manager
A Business Development Manager focuses on identifying new business opportunities and fostering growth for an organization. This course may be useful for a business development manager by providing insight into how projects contribute to the achievement of strategic objectives. The course emphasizes the alignment of projects with organizational goals, which can greatly assist a business development manager in identifying the impact of projects on the company's strategic priorities. The course provides a strong foundation for aligning project activities to the overall company strategy.
Operations Manager
An Operations Manager oversees the daily functions of an organization, ensuring efficiency and effectiveness. While operations management is not focused on projects, this course may be useful for an operations manager by providing a framework for understanding how projects integrate with the larger organizational aims. The course teaches how changes in scope can affect project constraints, which can inform decision-making in operations. This course can help an operations manager think of projects as an integrated whole, enabling better alignment of activities to the overall goals of the organization.

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in PMP Exam Prep: Gaining Business Acumen for Project Managers.
Provides a comprehensive overview of how project management aligns with business strategy. It offers practical guidance on developing and implementing effective strategies within a project context. This book is particularly useful for understanding the 'big picture' and ensuring that projects contribute to organizational goals. It serves as an excellent reference for project managers seeking to enhance their business acumen.
Provides a practical, action-oriented approach to managing organizational change. It offers tools and techniques for leading change initiatives effectively. This book is particularly useful for project managers who need to navigate organizational change during their projects. It serves as a valuable resource for understanding the human side of change and implementing successful change management strategies.

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