Certification Insider

In this video: http://bit.ly/pmpstep07, I would like to share some points that we should expect on the actual day of the PMP Exam. After months of studying and giving up on social life, not to mention the books that we have to spend on as our review guides, it's important for us to be physically, mentally and logistically ready a day before and the actual D-Day. Sit with me and let's learn from this short presentation.

Have fun!

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

Today, I'm going to share the 6th step of how to prepare for the PMP Exam certification. PMP also stands for PRACTICE MAKES PERFECT! And in this video: http://bit.ly/pmpstep06 we will learn how to take advantage of using free online sample exam questions and real practice tests to gauge our readiness in taking the actual exam.

This will help us identify which areas we need to improve to achieve the exam results we so aim for.

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. This week we are looking at why it’s important for you to become a “master motivator”:

If you want to ensure the success of your project, you should work on developing your motivation skills. Having these skills will help that your project team members stay interested in the project, want to their best, and work toward the common goal.

Good skills as a motivator will allow you to create an environment that allows team members to meet the objectives of the project while simultaneously being satisfied with the work they are accomplishing.

Usually, being a good motivator and PMP is all about knowing how each individual member can be motivated. Some will do better work if they are challenged while others need to be reassured that they are doing good work. Other ways to provide motivation is through public praise or financial compensation.

Everyone is motivated differently. Your project will be much more successful if you can determine what motivates your team and act on it.