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.
Recent Posts
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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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:
What is risk tolerance?
A.) Risks created by tolerating customer behavior.
B.) Willingness to accept varying degrees of risk.
C.) Risks created by zero tolerance.
D.) Being tolerant if stakeholders are willing to accept risks.
Hint:
Look for the “least strange” answer.
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 B
Explanation: Do you feel that A, C and D are odd? Correct, they are and they were included intentionally. Sometimes you can expect to find some “funny” answer choices.
Risk tolerance is the stakeholders' willingness to accept varying degrees of risk. Choice B is the only correct answer to this question.
Reference: PMBOK4 - pg:276
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Posted on: October 29, 2011 04:55 AM
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Are you looking for an easy, complete, effective, portable and most importantly inexpensive way to prepare for the PMP exam? This video presentation will help you: http://bit.ly/teynI8
Learn and enjoy!
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Posted on: October 27, 2011 08:23 AM
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In Appendix G, the PMBOK Guide discusses Interpersonal Skills for the project manager. We are currently reviewing these one by one in our weekly PMP exam tip and we have reached the last one in the series: Negotiation.
 The nature of the role of a project manager makes it essential for them to have good negotiation skills. There are usually many stakeholders involved in the project and most projects have team members from different departments. This usually results in several different points of view which can sometimes make it difficult to keep the project on track and within the original scope.
Negotiation skills help a project manager by reaching an agreement or a compromise of some kind on the issue that may be causing a problem or delay.
There are many negotiation skills that you should be able to use related to negotiation. These include being able to analyze each situation, being an active listener and clearly communicating throughout the discussion. It can be useful to identify the differences between the wants vs the needs of those involved. Another important focus is to realize the difference between the positions people have vs the interests and issues directly related to the project.
Above all, skilled negotiators have the ability to manage the situation so that all parties involved feel as though they had a say that was taken into consideration.
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Posted on: October 26, 2011 10:16 PM
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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:
Tim is working on an electronic manufacturing project. In his project he wants to establish a warranty for some of the precision parts he is buying. What risk response strategy is he using?
A.) Mitigate
B.) Avoid
C.) Accept
D.) Transfer
Hint:
Tim is shifting the negative impact of the risk.
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: Risk transfer requires shifting some or all of the negative impact of a threat, along with the ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.
Reference: PMBOK4 - pg:303
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Posted on: October 22, 2011 12:25 AM
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|  Be the First to Download The Short Guide to Becoming a PMP
Today, the long wait is over! The Short Guide to Becoming a PMP by Cornelius Fichtner, PMP, is now available for download.
For project managers who are preparing to take the challenging PMP exam, here’s a little help to get you started. The Short Guide to Becoming a PMP is a FREE e-book designed to help you prepare for and pass the exam with flying colors.
Written by noted PMP, Cornelius Fichtner, the e-book is based on Mr. Fichtner’s own PMP-exam experience, both as a student and instructor. So learn from his real-world perspective as he passes on his knowledge and expertise to you. He shares simple steps that will help you with the following:
- Fill out the PMP application
- Acquire essential study materials
- Develop techniques for studying
- Answer sample test questions
- Prepare for the examination day
The e-book is absolutely free. All you have to do is share this great news with your friends in Facebook and Twitter. Here’s how:
Visit www.project-management-exam-guide.com and simply click on the yellow “Share To Get” button. You must have Facebook or Twitter to sign in.
A short message will appear in the text box: "I am reading The Short Guide to Becoming a PMP by Cornelius Fichtner, PMP. It is free at http://bit.ly/qoUiPI"
When your friends or followers see this message, they can just click the link provided to download their own free copy of the free PMP Exam Guide.
After posting the message, click the “Access Link” to download the free guide. Congratulations on your free e-book!
Easy, right? So start sharing today and get the access that will pave the road for your PMP certification! Click here!
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Posted on: October 21, 2011 05:31 AM
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