Friday, August 28, 2009

Tips for Taking the PMP Exam

Here are some general tips for taking your exam successfully:

  • Get to the exam center early so that you can relax and review your study materials.
  • Read the exam questions very carefully. Make sure you know exactly what the question is asking and don’t be tempted to answer too quickly.
  • Unanswered questions score as wrong answers. It’s better to guess than to leave a question unanswered.
  • If you’re not sure of an answer, use a process of elimination to identify the obvious incorrect answers first. Narrow the remaining choices down by referring back to the question, looking for key words that might tip you off to the correct answer.
  • You’ll be given scratch paper to take with you to the exam station. As soon as you get to your place, write down all the formulas and any other memory aids you used while studying before starting the exam. That way you can relax a little, because you won’t have to remember the formulas when you get to those questions on the exam—you can simply look at your scratch paper.
  • Visit the PMI website at www.pmi.org for the latest information regarding certification and to find a testing site nearest you.

Tips for Taking the PMP Exam

Here are some general tips for taking your exam successfully:

  • Get to the exam center early so that you can relax and review your study materials.
  • Read the exam questions very carefully. Make sure you know exactly what the question is asking and don’t be tempted to answer too quickly.
  • Unanswered questions score as wrong answers. It’s better to guess than to leave a question unanswered.
  • If you’re not sure of an answer, use a process of elimination to identify the obvious incorrect answers first. Narrow the remaining choices down by referring back to the question, looking for key words that might tip you off to the correct answer.
  • You’ll be given scratch paper to take with you to the exam station. As soon as you get to your place, write down all the formulas and any other memory aids you used while studying before starting the exam. That way you can relax a little, because you won’t have to remember the formulas when you get to those questions on the exam—you can simply look at your scratch paper.
  • Visit the PMI website at www.pmi.org for the latest information regarding certification and to find a testing site nearest you.

Prepare for PMP Exam

Below is a short video with a valuable explanation on best practices when preparing to the PMP exam. The author shortly describes what the PMP is, why it is worth to be certified and how to attend to the certification - the video is highly recommended for everybody who thinks seriously on being pmp professiona.

Click Hare

Prepare for PMP Exam

Below is a short video with a valuable explanation on best practices when preparing to the PMP exam. The author shortly describes what the PMP is, why it is worth to be certified and how to attend to the certification - the video is highly recommended for everybody who thinks seriously on being pmp professiona.

Click Hare

PMP Few Exam Questions

The following questions are examples of the type of questions that appear on the PMP Certification Examination.

1. The MAJOR processes for project integration management are:
A. Project plan development, project plan execution, and overall change control.
B. Project plan development, project plan execution, and scope change control.
C. Project plan development, overall change control, and scope change control.
D. Project plan development, initiation, and overall change control.

2. Project sponsors have the GREATEST influence on the scope, quality, time, and cost of the project during the:
A. Concept phase.
B. Development phase.
C. Execution phase.
D. Close-down phase.

3. Ideally, communication between the project manager and the project team members should take place:
A. Via daily status reports.
B. Through approved documented forms.
C. By written and oral communication.
D. Through the formal chain of command.

4. A project's payback period ends when:
A. Profit maximum is realized.
B. Unit profit is realized.
C. Monthly revenue exceeds monthly costs.
D. Cumulative revenue equals cumulative costs.

5. A scope statement is important because it:
A. Provides the basis for making future project decisions.
B. Provides a brief summary of the project.
C. Approves the project for the stakeholders.
D. Provides criteria for measuring project cost.

6. A project management professional can compare earned value performance data to all of the following project management tools EXCEPT:
A. Critical path analysis.
B. Technical performance metrics.
C. Risk mitigation plans.
D. Forecasted final costs and schedule estimates.

7. During the project scope planning process, the work breakdown structure should be developed to:
A. The sub-project level.
B. The level determined by the project office.
C. A level allowing for adequate estimates.
D. The cost center level.

8. The decomposition process is a technique used to construct a:
A. Precedence network.
B. Critical Path Method Diagram.
C. Variance analysis.
D. Work breakdown structure.

9. A project loses a contractor in the middle of a project. A new project team is formed to replace the role of the lost contractor and his/her team. As a project manager, what is the FIRST topic to address to the team in the kick-off meeting?
A. Identify team roles and responsibilities.
B. Review detailed schedule.
C. Discuss cost estimates.
D. Emphasize your authority.

10. Constructive team roles include:
A. Encourager, initiator, and gatekeeper.
B. Information giver, devil's advocate, and clarifier.
C. Withdrawer, harmonizer, and blocker.
D. Summarizer, recognition seeker, and information seeker.

11. A project schedule completion date will change if:
A. The critical path is reduced.
B. The contingency is no longer available.
C. No float time is available.
D. Project resources are reduced.

12. Your project is behind schedule due to conflict between team members. Having resolved the conflict, to get the project back on schedule, you should consider:
A. Crashing the schedule.
B. Performing resource leveling.
C. Conducting reverse resource allocation scheduling.
D. Utilizing the critical chair resources.

13. Risk quantification includes:
A. Enumerating sources of internal and external events.
B. Identifying potential events and impact.
C. Evaluating probability and impact.
D. Developing contingency plans and resources.

14. In which project phase do you have the GREATEST influence on project risk?
A. Conceptual
B. Design
C. Execution
D. Implementation

15. A precise description of a deliverable is called a:
A. Specification.
B. Baseline.
C. Work package.
D. Work breakdown structure element.

16. The objective of fast tracking a project is to:
A. Increase productivity.
B. Reduce project duration.
C. Increase schedule tracking controls.
D. Reduce project risks.

17. When a project manager places a purchase order for a piece of equipment, it represents which of the following?
A. Commitment
B. Expense
C. Cash out-flow
D. Capital investment

18. Which of the following are frequently used tools in procurement planning?
A. Make or buy analysis, expert judgement, and contract type selection
B. Contract type selection, bidders conferences, and expert judgement
C. Expert judgement, audits, and bidders conferences
D. Make or buy analysis, contract type selection, and weighting system

19. You have just taken control of a project in the middle of execution and need to learn who has approval authority for revisions in scope. Which document provides this information?
A. Resource assignment matrix
B. Change control plan
C. Project charter
D. Client organization chart

20. Of the following conflict management approaches, which is believed to lead to the LEAST enduring positive results?
A. Problem solving
B. Avoidance
C. Compromise
D. Forcing

21. Complex projects, involving cross-disciplinary efforts, are MOST effectively managed by:
A. Multiple lead project managers.
B. A functional organization.
C. A strong matrix organization.
D. A strong traditional manager.

22. The measure used to forecast project cost at completion is:
A. CPI.
B. SPI.
C. BCWP.
D. ACWP.

23. A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk:
A. Identification.
B. Mitigation.
C. Simulation.
D. Assessment.

24. Conflict resolution techniques that may be used on a project include:
A. Withdrawing, compromising, controlling, and forcing.
B. Controlling, forcing, smoothing, and withdrawing.
C. Confronting, compromising, smoothing, and directing.
D. Smoothing, confronting, forcing, and withdrawing.

25. It is critical for your company to offer its products on the Internet to increase its market share. The company has no previous experience in this area, but it believes that knowledge is needed rapidly. As you have shown an interest in the Internet, you are asked to start planning for this project. What is the FIRST step to take as you begin planning?
A. Identify the risks.
B. Plan the scope.
C. Establish a resource plan.
D. Complete a cost and schedule estimate.

26. Effective stakeholder management includes all of the following project elements EXCEPT:
A. Clear requirements definition.
B. Scope change control.
C. Timely status information.
D. Frequent cost reports.

27. A likely result of using "compromise" to resolve a two-party conflict is:
A. Lose-lose.
B. Win-lose.
C. Win-win.
D. Lose-win.

28. As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer requirements. The results should be documented and used for:
A. Estimating future projects.
B. Changing the project scope.
C. Defining future project tasks.
D. Validating the quality process.

29. A generally accepted method to confirm accuracy of task progress is through:
A. Earned value.
B. Probability vs. outcome.
C. Maximum ceiling.
D. Work breakdown structure.

30. Which of the following techniques is used to control the project schedule?
A. Pareto diagram
B. Performance measurement
C. Parametric modeling
D. Statistical sampling

Pmp certification

First of all let us explain what the PMI is and its history. PMI was founded in 1969 and first started offering the Project Management Professional certification exam in 1984. PMI is accredited as an American National Standards Institute (ANSI) standards developer and also has the distinction of being the first organization to have their certification program attain International Organization for Standardization (ISO) 9001 recognition.

PMI boasts a worldwide membership of over 100,000, with members from 125 different countries. Local PMI chapters meet regularly and allow project managers to exchange information and learn about new tools and techniques of project management or new ways to use established techniques. I encourage you to join a local chapter and get to know other professionals in your field.

PMI is the leader in project management practices and is the most widely recognized organization and certification in the field. PMI strives to maintain and promote standards and ethics in this field and offers publications, training, seminars, chapters, special interest groups, and colleges to further the project management discipline.

PMP Test Exam Bank

esigned to prepare candidates for the PMI Project Management Professional (PMP®) Certification Exam. Practicing against simulated PMP® Exam Questions is one of the absolute best ways to prepare for the actual exam. Our Question Simulator database has hundreds of exam questions. Our Simulation software randomizes the questions and answers so you can take the sample exams over and over again...

Complete your PMP® Exam learning experience. Buy a package for 90-day access to our PMP® Practice Question Exams.

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About the Practice Exams

Practicing against simulated PMP® Exam Questions is one of the absolute best ways to prepare for the actual exam. Completing multiple practice exams gives the learner an opportunity to better understand the exam layout, types of questions and pace of the exam. 200 questions over 4 hours equals roughly 1.2 minutes per question. You have to learn to gauge your exam pace.

Many people use a predictor to gauge their scoring. To do this, make columns on a sheet, one for 90%, one for 50% and one for 25%. If you know the answer to a question with little or no doubt, put a mark under 90% column, if you think you know the answer to a question, but there may be an alternate correct answer, put a mark under the 50% column, if you have to guess at the answer, place a mark in the 25% column. At the end of the exam total up the 90% marks say you have 114 * .90 = 104. Similarly for 50% say 60 marks under the 50% column, 60* .50 = 30. Finally total number of marks under 25%, in this example 26 * .25 = 6.5. 104 + 30 + 6.5 = 140 (pass)


PMP Exam Formula Study Guide

Are you ready for PMP® Exam Questions like these?

Here are a 10 PMP® Exam Sample Questions for which you need to know the formulas. Judge for yourself - how many of these are you comfortable with?

Question EV = 240,000, AC = 260,000, PV = 250,000, SPI = 0.96, BAC = 700,000. How much is your new ETC assuming that current variances are typical?
Question What is the target cost on the following contract: Point of Total Assumption: 1,800,000; Target Profit: 150,000; Target Price: 1,700,000; Ceiling Price: 1,850,000; Share Ratio: 75% buyer–25% seller for overruns, 60%–40% for underruns.
Question Your team size will go from 12 to 11 people. How many fewer communication channels are there on your project?
Question EV = 105 and SPI = 0.9375. How much is the Schedule Variance (SV)?
Question You estimate that a task will take anywhere from 60 - 70 days to complete. Assuming that you estimated towards 3 sigma, how certain are you about this duration?
Question What information does the EAC contain?
Question You have received the following values from your statistical sampling: 80, 83, 85, 90, 82, 88, 90, 91, 94, and 79. What is the median of this number set?
Question

Your project has an SPI of 1.1 and a CPI of 0.9. What does this mean?

Question Which of the following 4 projects will you select? Project Gold: Profit: 200,000, EV: 450,000, ROI: 8%. Project Bear: Investment: 350,000, ROI: 8.1%, Payback Period: 4 years. Project Stellar: Lowered expenses: 45,000, Profit: -8,000, ROI: 7.5%. Project HHGTTG: PV: 50,000
Question You are manufacturing screws and your control limits for the weight of these screws are set from 2.51 grams to 2.58 grams. Your customer informs you that they would like to have their control specifications set from 2.54 grams to 2.57 grams. What do you tell your customer?

Here are the Benefits of using the Formula Study Guide

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PMP Prep Instructor

We are pleased to announce our three-day or four-day instructor-led PMP® Exam Prep courses. This highly sought after PMP® Exam Prep class is designed specifically to help you pass the PMP certification examination on your first try. The course is based on the nine Knowledge Areas of the Guide to the Project Management Body of Knowledge (PMBOK®) and the five process groups - Initiating, Planning, Executing, Controlling, and Closing. Professional Responsibility will also be reviewed. The course includes lectures, Q&As, and lots of sample exam questions.

Why You Should Attend

Learn useful techniques for preparing for and taking the PMP® exam

Learn to apply knowledge to situational types of questions

Learn how to select the best answer from four choices

Practice exams for each section

Apply earned value formulas appropriately and interpret the results

Apply PMI’s professional responsibility policies to project scenarios

Earn 24 (three-day) or 32 (four-day) contact hours

Tons of invaluable PMP Exam tips and tricks

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PLUS

Access to a vast test bank with over 1000 questions for your use after the class

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You will pass the PMP Exam on your first try or we will pay for your second test