Project Management

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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 554: PMBOK Guide 8th Edition, All Six Principles for the PMP Exam

Episode 552: PMP Exam Content Outline

Episode 551: What Movies Teach Project Managers

Episode 549: How to Bring Clarity to Chaotic Projects

Episode 548: From Project Delivery to Value: How Project Managers Create Real Business Impact

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PMP Exam Tip: Knowing concepts that are no longer in the PMBOK Guide

Categories: PMP Exam Tip

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Most exams cover material you’ve studied but sometimes the PMP exam includes questions that were not in the version of the PMBOK guide that you have studied. This can really throw you for a loop but if you’re prepared for it, it won’t be such a shock. The thing to remember is that the PMBOK guide is just that - a guide, not an exact accounting of every tool and concept that you will be using as a project manager and PMP. For instance, techniques such as AON and AOA are still used by project managers around the world even though they were removed from the PMBOK Guide.

Remember that PMI states that you will be tested on concepts that may not be found in the PMBOK Guide but they do not tell you where you can find those concepts. You shouldn’t let this sway your confidence, though, as many concepts and techniques are built on basic building blocks. You will most likely be able to understand the question, analyze the information and pick the best answer. If not, then there is only one thing to do: pick an answer and then simply move one and relax.

Remember, everyone will probably encounter one or more of these questions. The key is not to panic, keep your cool and do your best. If you’ve studied properly, you’ll pass the test!

Posted on: August 17, 2011 09:54 AM | Permalink | Comments (0)

Free PMP Exam Sample Question

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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:

In a project, several risk response strategies are used to effectively manage project risks.  The strategy or mix of strategies should be used when planning for risk responses.  Which of the following statements best describes an 'accept' strategy for negative risks or threats?

A.) Adopting less complex processes is an accept strategy.

B.) Use of insurance is part of an accept strategy.

C.) Using contingency reserve is part of accept strategy.

D.) Extending schedule is part of an accept strategy.

 

Hint:

A risk acceptance strategy is adopted because it is seldom possible to eliminate all threats from a project.  One of the risk acceptance strategies is performed in the early stages of planning.  Find the option which is performed during planning.

 

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 most common risk acceptance strategy in a project is to establish contingency reserves.

Reference: PMBOK4 - pg:304

Posted on: August 12, 2011 08:42 AM | Permalink | Comments (0)

Now on Youtube:How to Prepare for your PMP Exam: Step 2: Filling Out the Application

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I'm sharing the 2nd step video with you. This will teach us how to go through the 9-page application as part of the requirement in taking the PMP certification Exam. Some project managers see this as an impending task because it details the whole project management experience - a project in itself.

Let's learn how to tackle this the fun and easy way:
http://bit.ly/pKAs2j

Enjoy!

Posted on: August 11, 2011 09:28 AM | Permalink | Comments (0)

PMP Exam Tip: Calculating ES/FS

Categories: PMP Exam Tip

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We recently received the following question from a PMP Exam Student:
“There's some confusion in my head with regards to some of the network diagram calculations. I'm lead to believe there are actually two methods to calculate ES, LF, ES etc etc
 
The first method adds or subtracts 1 where applicable. This assumes that the start activity has ES, EF, LS and LF as 1. The second method assumes the start activity has zeros for all values thereby not having to add or subtract 1 to any of the formulas.

Is there any indication in the exam that would lead me into knowing which "method" is being utilised so that I can apply the right formula?”

I answered that he is correct. there are indeed 2 approaches:
- First approach: You calculate the network diagram starting on day 0
- Second approach: You calculate the network diagram starting on day 1

I personally use the second approach, because when my sponsor tells me, that my project starts on the first day of September, then that is September 1 and not September 0. This is also the way that all modern scheduling tools seem to work. You schedule your project based on a calendar start date and not "on day 0".

That is why there is a slight difference between the calculations (you have to add/subtract 1 from the results in the 2nd approach). However, don't worry about this for the exam too much. The way that the question is formulated you should be able to identify how to go about this. Also: I understand that in most cases when you have to calculate this, it is the end result that is important and not how you got there.

Posted on: August 10, 2011 05:25 AM | Permalink | Comments (0)

Why PMI Won’t Say If You Passed Or Failed Your PMP Exam

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The PMP Exam is changing on August 31st 2011. If you are taking the exam on or after this date, then your 200 questions will be based on the new PMP Exam Content Outline. To learn more about the detailed changes to the exam, please read my article “The PMP Exam Changes on 31 August 2011. What This Means For You”.

In addition to what you can find in that article, PMI recently announced the following: If you are taking the PMP Exam on or after 31 August 2011, then - for a limited time only - PMI will not immediately tell you if you have passed or failed your exam.


Let me explain: If you take your PMP Exam today, then “pass” or “fail” will immediately be displayed on your screen and printed on your examination report. But because PMI is changing the exam, they require some time to validate the new structure. They also need to make sure that the percentage of people passing/failing the new exam is in line with the percentages of the old exam. In this way, they can make certain that the new exam is just as fair as the old exam. And all of this means that in the first 4-6 weeks after the new exam is in place, they cannot immediately give you your result. You will have to wait.

Here is PMI’s original statement on this:

“As we transition to the new examination, PMI must update its examination reporting processes. This means for a short period of time examination results will not be available immediately following the examination. There will be a 4-6 week period between taking the examination and receiving the results via email. We know this will be disappointing to candidates, but please let them know the delay is necessary any time an exam changes to validate the new examination structure.”

Here is what this means for you as a PMP candidate:

  1. If you are taking the computer-based PMP exam on or after 31 August you will not receive immediate results (pass/fail) at the Prometric testing center.
  2. If you are taking the paper-based examination there will also be a delay in receiving your examination results.
  3. PMI will notify you (via email) when your results are available at PMI.org.


PMI expects that the new examination structure is validated by mid-October. Once this has happened, exam takers will once again receive their results immediately at the Prometric testing center.

Here are my recommendations for those planning to take the exam between 31 August 2011 and about mid-October:

** Don’t be disappointed: If you are planning to take your PMP Exam between August 31 and mid-October, then don’t be disappointed that you won’t receive your results immediately.

** Smile: Yes! Smile with the knowledge that you are helping PMI to assess the new exam. You have just done a great service to PMI and all other PMP exam takers coming after you. Thank you.

** Be patient: Even though PMI says that you should receive your results within 4-6 weeks we are all project managers and we know about deadlines. Allow PMI to do their due diligence and ensure that the new exam structure works.

** Reschedule: If you cannot take the suspense of having to wait for up to six weeks, then reschedule your exam for around the end of October 2011.

** Don’t leave without a receipt: After you have taken your PMP exam at the Prometric test center you will very likely still receive a printed document. It confirms that you have taken the exam but won’t have your result. Don’t leave without it.

My final recommendation to all PMP candidates is that you should simply relax. If your scheduled exam falls into this “no immediate results” window and you cannot change it… take it easy. There is nothing you can do about it. PMI is doing everything to ensure that the new exam works for you and everyone else. And this process is just part of that. Stay positive and focus your energy on your studies.

Posted on: August 06, 2011 11:24 PM | Permalink | Comments (0)
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