Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Pedro Areias Fernandes, PMP.
"After a rough night - 4 hours of interrupted sleep - I got up and kept the routine I had rehearsed in the previous day: a light breakfast, lunch at 12h30m and a 30 minute review inside the exam center.
I prepared for one year, incorporating several processes into my daily work. I read Rita’s book on my commute time. Later I watched entirely the PMP® PrepCast Podcast and finally, I glanced at A Guide to the Project Management Body of Knowledge (PMBOK® Guide). I answered all the 1500 questions (and all 9 exams) in the PM Exam Simulator, my marks were lower at the beginning (71%) and higher at the end (83%)..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6549-nailed-the-pmp-exam-on-first-try
There are forty nine formulas that you will need know and understand prior to taking the Project Management Professional (PMP)® Exam. There are PMP® Exam formulas to plan activity durations and costs. There are formulas to calculate the value or cost of the project. There are formulas to make sure a project stays within scope, on schedule, and within budget. There are formulas to forecast project schedule and cost if the project did not progress as planned. There are formulas to calculate the value of the project.
And on top of all of these formulas, you will also need to know and understand all of the associated acronyms. The number and variety of formulas and acronyms you will need to fully understand to pass the PMP® Exam may seem a bit overwhelming, but you can easily learn and review the formulas by using a study guide and practicing answering formula related questions.
Creating a formula study guide yourself can be a time consuming task. Plus if you write down and studying a formula incorrectly it can hurt your chances of passing the PMP® Exam. Developing formula related questions to study has its own issues. For one you already know the answers, and two if you put together a study problem wrong then you are going to study incorrect information.
This is where www.pmformulas.com can help. Here you can download a PMP Formula Study Guide that you can be certain has the correct formulas and acronym descriptions, a cheat sheet pocket guide, and best of all 105 formula related PMP® Exam sample questions to help you practice your formula knowledge.
To calculate the total project cost, you use a technique that uses input values selected at random from probability distribution of possible cost. Which of the following options best describes this method?
A. Automated Schedule Development
B. Monte Carlo Analysis
C. Schedule Risk Analysis
HINT: This is a simulation technique.
All our questions are updated to the latest A Guide to the Project Management Body of Knowledge (PMBOK® Guide) standard. Stop by at http://www.pm-prepcast.com/freesimulator and try the PM Exam Simulator free for 7 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a Project Management Institute (PMI)® Registered Education Provider.
Answer and Explanation:
The correct answer is B.
Monte Carlo analysis is a simulation technique. It uses computer models and estimates of risk usually expressed as a probability distribution of possible costs or durations at a detailed work level.
Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Setyo Nugroho, PMP.
"I passed on 12 Aug 2017 on my first attempt, with 1 Proficient on Initiating domain and MP on the rest of the domains.
- I started the preparation by viewing the online courses on Lynda.com (Free from my company), this cleared my requirement for 35 hours of project management education. and allowed me to submit the application
- My application did get audited, however, since all my previous supervisors still with the company it is pretty easy for me just walk to them and hand them the audit package. It also help that both of them are certified PMP® so they know what was going on.
- After clearing the audit process, I continued my preparation using Rita's book, however, I felt progress was slow so decided to register for Advanced Project management class from Colorado State University which was designed specially for people preparing for PMP® exam. Unfortunately, I have to drop the class due to the need to travel internationally because of family death.
- By this time I started receiving notification about the coming changes for the PMP® exam in early 2018, and decided that I had to take the test before the end of the year end.."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6469-passed-the-pmp-exam-first-try