Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Ermal Xorxi, PMP.
"I sat for exam and passed on first try, 2 days ago. This is a brief description of my study plan and preparation.
First of all I want to say that I had not a time constraint in my preparation for the exam, so I've been thinking for the last 12 months to take the exam. Until 60 Days prior to exam, I have not followed any plan for preparing. Nevertheless, i have had a Comptia Project+ certification which I think was very useful in the end. When I booked the exam, that's when I subscribed on an "online course + simulator" provided by PM PrepCast.
At this time, I decided to try the following approach on my preparation:
1. I took the first self assessment test to see where I was standing. (70-73 %)
2. The following 3 weeks (whenever I had some free time), I used to see all the videos of the PM PrepCast course..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6289-lesson-learned-passing-at-first-try
We recently received the following question from a Project Management Professional (PMP)® Exam Student:
“There's some confusion in my head regarding some of the network diagram calculations. I'm lead to believe there are actually two methods to calculate Early Start (ES), Early Finish (EF), Late Start (LS), and Late Finish (LF).
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 utilized 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.
For which of the following activities will the project manager need prior approval?
A. Cost aggregation
B. Parametric estimation
C. Vendor bid analysis
D. Spending from funds in the management reserves
HINT: Management reserves are withheld for management control purposes.
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 3 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 D.
Management reserves are not a part of the cost baseline. So before spending it, the project manager needs prior approval from senior management.
If you're preparing to take the Project Management Professional (PMP)® exam then this Ebook is for you! The Short Guide to Becoming a PMP® discusses the 8 steps to consider to become PMP® certified.
Read it here: www.pm-prepcast.com/shortguide
Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Alena Marcalle Mekhnina, PMP.
"I have passed the PMP® exam on 29th of August in Barcelona. First of all, thanks a lot to PrepCast and Exam Simulator! These two tools combined were really helpful for my studies.
I began with listening through all the lessons of the PrepCast whenever I could find some quiet time. English is not my native language so I found some new words and needed to listen again to some lessons to make sure everything is clear to me.
Probably less than 3 months before the exam I began listening through the PrepCast again and reading Rita´s book along the way: PrepCast´s chapter + same chapter of Rita´s book. I went through all the exercises and mini exams for every subject and reviewed all wrong and right answers to tests..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6254-my-lessons-learned-about-pmp-exam