Cornelius Fichtner help you with your PMP Exam Prep (https://www.project-management-prepcast.com) as well as earn free PDUs (www.pm-podcast.com/pdu). Passing the PMP Exam is tough, but keeping your PMP Certification alive is just as challenging. Preparing for the exam requires an in-depth study of the PMBOK Guide and dedicated study discipline. And once you are PMP certified, then you are required to earn 60 Professional Development Units (PDUs) every 3 years to keep your certification alive. Let me help you make this journey easier with tips and tricks on how to prepare for and pass the exam as well as efficiently earning your PDUs once you are certified.
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Episode 549: How to Bring Clarity to Chaotic Projects
Episode 548: From Project Delivery to Value: How Project Managers Create Real Business Impact
Episode 546: The Real Reason Project Requirements Keep Changing
Episode 544: The Four Pillars of Project Success
Episode 543: Catch Project Trouble Early and Protect Your Delivery
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This FREE video:http://bit.ly/pmpstep1 will give an overview of how you can determine your eligibility to take the PMP Certification Exam with regards to your training and experience. It covers PMI's requirements such as educational background, project management experience and project management education for you to be able to take the exam.
Learn and enjoy!
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Posted on: December 15, 2011 09:35 AM
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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:
Sensitivity Analysis has strong similarities to which of the following?
A.) Probability Distributions
B.) Risk Identification
C.) Design of Experiments
D.) Statistical Sampling
Hint:
Sensitivity Analysis is a risk analysis technique not a risk identification technique.
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: Don't get carried away by choice B. Sensitivity Analysis is a risk analysis technique not a risk identification technique. It is not a sampling technique or a distribution. In Design of Experiments one studies the effect of some process or intervention (the treatment) on some objects (the experimental units). In Sensitivity Analysis one looks at the effect of varying the inputs of a mathematical model on the output of the model itself. In both disciplines one strives to obtain information from the system with a minimum of physical or numerical experiments.
Reference: PMBOK Guide 4th Edition, pages 197, 298
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Posted on: December 10, 2011 05:42 AM
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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:
You are managing a water supply network deployment project. During project planning you are considering two approaches to lay the pipe network. Approach A will most likely cost $50,000 (±5%). Approach B will most likely cost $25,000 (±40%). Which approach will you select if your project stakeholders' risk tolerances are low and if you want to select the less risky approach?
A.) Neither approach since they are not definitive estimates.
B.) Approach B since it ranges from $15,000 to $35,000.
C.) Approach A since it ranges from $47,500 to $52,500.
D.) A combination of approach A and B.
Hint:
Estimates are never definitive.
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: Please note that the question doesn't ask for the approach that is more financially feasible. Instead, the question asks you to identify the approach that has the lower risk. The larger the range of an estimate, the larger the risk. Since approach B is a wide range estimate, it is more risky. Approach C has a narrow estimate, which makes this approach less risky.
Reference: PMBOK Guide 4th Edition, page 284
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Posted on: December 04, 2011 04:19 AM
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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:
You are considering using WBS templates to create your project's WBS. Where would you most likely find these templates?
A.) PMI's Practice Standard for WBS
B.) Microsoft Project Web Site
C.) Organizational Process Assets
D.) All of the above
Hint:
Get your mind out of the PMBOK Guide and think freely for this question.
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: This question isn't asking about "inputs" to the Create WBS process. The question is simply asking: Where could you find templates to help you build a WBS? All of the answer choices are possible sources for WBS templates.
Reference: PMI Practice Standard for WBS 2nd Edition, Appendices
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Posted on: November 25, 2011 07:51 AM
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Are you planning to take the PMP® exam? Let us help you!
This video:http://bit.ly/vM9PFK will explain the concepts, methods, tools and techniques you need to know as you prepare for the CAPM or PMP Certification Exam.
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Posted on: November 24, 2011 09:42 AM
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