Certification Insider

The PMP Exam is mainly based on A Guide to the Project Management Body of Knowledge (PMBOK Guide). The most current version was published in 2008 and most people find a bit difficult to read. But due to the fact that the exam is based on this book, it is important that you actually read and understand all that it contains. As a supplement to studying the PMBOK Guide in preparing for the exam you need to get additional reference material.

I recommend that you buy a separate PMP Exam Prep book that will further enhance your understanding of the subject matter. These books will help make the complicated concepts from the PMBOK Guide clearer and they also give you more information and tips on how to prepare for and pass the PMP exam.

So here is my tip: read and understand the concepts from the PMBOK Guide and from a separate PMP Exam Prep book. Also work through the sample questions and exercises in your prep book. And lastly, take as many sample exams as you can to gauge your understanding of the concepts. Go back and review the sections in the books that you did not score well and try again.

When you start scoring above 80% the first time you take any mock exam then you are ready for the real exam. Remember that it takes a lot of preparation to make sure that you pass your PMP exam and receive your certification. So study hard, learn well and be confident of your ability to get your certification.

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:

The type, quantities and assumptions made in determining the resources, basis of estimate for each resource, and availability of resources for each activity or work package is identified in which of the following documents?
A.) Resource Breakdown Structure
B.) Responsibility Assignment Matrix
C.) Resource Calendars
D.) Activity Resource Requirements

 

Hint:

Carefully read the question. The question is asking for assumptions made in determining the resources, as well as the basis of estimates. This happens in the Estimate Activity Resources process. Think about the outputs of this process.


All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try the PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
 

ANSWER AND EXPLANATION:

The correct answer is D
Explanation: The type, quantities and assumptions made in determining the resources, basis of estimate for each resource, and availability of resources for each activity or work package is identified in the Estimate Activity Resources process. Resource Calendars identify only type, quantity, availability, and capabilities of resources.
Reference: PMBOK Guide 4th Edition, page 145

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Specific components of a particular activity are known as activity attributes. In the beginning, these are typically descriptive factors related to the specific activity, but they can also describe activities that will become more relevant later in the project timeline.

Most activity attributes can be organized, sorted and summarized. This happens based on a few specific categories. A few of the categories for activity attributes are activity codes, the specific people involved in the activity, locations for the activity, the time and costs required for completion, etc. It helps to organize the activity attributes into similar categories. The various components that are a part of each activity can be described to further extend the activity attribute.

Frequent uses for activity attributes are to recognize the specific people who will be handling specific pieces of the work or to specifically state where the work will be carried out. Other uses include indicating the effort levels that will be required. These include LOE (level of effort), discrete effort, or AE (apportioned effort). Developing a schedule that will identify when planned activities will be selected, ordered and sorted is another use of activity attributes. There is always a difference in the number of attributes based upon the application area.

The PMBOK Guide discusses this topic in section 6.1.3.2 of the fourth edition.

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:

The risk shared between the buyer and the seller is determined by which of the following?
A.) The Scope of Work
B.) The Teaming Agreement
C.) The Contract Type
D.) The Project Charter

Hint:

How can you control the project risk while negotiating the scope of work with a seller??


All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try the PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.

 

ANSWER AND EXPLANATION:

The correct answer is C
Explanation: The risk shared between the buyer and seller is determined by the contract type. For example, fixed-price contracts have a higher risk for the seller while cost-reimbursable contracts have a higher risk for the buyer.
PMBOK Guide 4th Edition, page 322