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FEATURE PROFESSIONAL ARTICLE
 
Overview of Project Management Professional certification (PMP)
 
Project Management Professional certification (PMP) is a globally recognized certification managed by the Project Management Institute (PMI). The primary purpose of PMP certification to access and accredit established individuals who have acquired enough experience in project management. This is according to the PMP Examination Specification guide published by PMI in 2005. Since inception, PMP certification has grown to become widely accepted and is considered a standard certification for mid-level to highly experienced individuals in Project Management. Although, PMP certification is mostly associated with Project Managers, project team members who are able to scale through the eligibility requirements set by the Project Management Institute may also attain PMP certification provided they pass the examination.
 
Attaining the Project Management Professional certificate allows you to add the “.pmp” suffix at the end of your names. This is on the provision that you are able to show the Project Management Institute some evidence of your project managing experience. PMI has also made provision for employers who would like to verify their employees PMP status on the PMI Website.
 

Eligibility Requirements

The PMP experience and examination requirements focus on five process groups. These are Initiating, Planning, Executing, Controlling and Closing. Any candidate wishing to gain PMP certification must have undergone high school education and at least have a high school diploma.)
 
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Philippine GDP Growth Hits 31-Year High
Data: AHN

More positive news for the Philippines. According to the article, Manila reported its gross domestic product at a 31-year high of 7.3 %. However, it may be difficult to replicate the same growth in 2008. The government needs to continue with development of infrastructure projects to maintain momentum.

Highlights:
-controlled inflation
-low interest rates
-strong peso
-GDP grew by a larger 7.8 percent from 6.1 percent in 2006
 
 

90 DAYS Make the Most of a Promotion
Data: The Wall Street Journal
 
Congratulations on your promotion! According to the wall street journal article, here are what you need to establish for the first 90 days after your promotion:

-establish authority
-communicate constantly
-focus on the business (one of the keys)
-delegate differently
-look for new advisors
-get feedback from above and below
 
 

Benefits of Starting a Corporation
 
Ready to start and enjoy the benefits of your own corporation? Here are some of the benefits that come with ownership.
 
Limited Liability
Protect your personal Assets.  Your corporation's assets will be treated as a separate entity from your personal assets.  Lawsuits or debts will be incurred by the corporation.
 
Better Taxation
Corporation enjoy better tax benefits which include lower tax rates.
 
Raising Capital
Corporation are able to raise capital easier by selling company shares
 
 
 

 

 

 
Filipinos send a record $14.4 billion remittances back to the country
Source: The Asian Pacific Post, Canada - Feb 22, 2008
 
Professionals and skilled workers accounted for majority of new hires in 2007
 

 
Increase in foreigners taking high positions in the Philippines doubled in 2007

According to a recent article by Global Nation, foreign work permit applicants issued by the Bureau of Immigration of the RP has doubled in 2007 from 2006. The Bureau of Immigration approves an average of 900 working visas a month.

Although one can argue, that well managed companies that are hiring highly skilled foreign professionals with international expertise to work in the country will stimulate the company to work at international competitive levels, which will eventually create more local jobs, this practice should be tightly managed. They must must keep in mind the high percentage of unemployment in the country. In addition, companies should show the government that they have a long term plan in developing homegrown talent as well as proving they gave local talent a fair opportunity to apply and get selected for the open positions.
 

US Top 10 Graduate Business Schools for 2008
 
  1. Harvard University (MA)
  2. Stanford University (CA)
  3. University of Pennsylvania - Wharton (PA)
  4. Massachusettes Institute of Technology (MA)
  5. Northwestern University - Kellogg (IL)
  6. University of Chicago (IL)
  7. Dartmouth College (NH)
  8. University of California - Berkley (CA)
  9. Columbia University (NY)
  10. New York University - Stern (NY)
Related Article
Source: USNews.com
 
 
 
 
 
 
 
 
 
 
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Our goals are to provide an online platform for Filipino professionals worldwide to network and build relationships.  In addition, we seek to provide a thought leadership for the Filipino professional field through discussions and networking.
 
Nothmar Noriel
Founder, Filipino Professionals Global Network