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Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Vidhya Dharmaraj, PMP.
"Passed PMP® on my first attempt!
A big and sincere thanks to Edward notes (especially for the 47 confusing terms, EVM sample questions, and chapter wise notes which he has collated from all the sources including mock exams and recommendations on mocks), PM PrepCast Exam Simulator, Shiv for the concepts, praizion videos for ITTO, Izenbridge for procurement video, org structures, useful android apps (to the owners - app names mentioned below)
There were few reviews that tells that PM PrepCast is not close to the exam and I got very nervous reading them in the last couple of days - but personally based on my experience I wouldn't say that PrepCast questions did exactly match however if you can take all the simulator tests and you understand your weak areas, review the wrong answers and you can definitely pass PMP - once again my sincere thanks to Cornelius and his team :)..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6745-passed-pmp-on-first-attempt-3-above-target-2-target-and-overall-above-target
If you are preparing for the Project Management Professional (PMP)® Exam then you need to know about risk, probability and impact. You may even come across PMP® Exam sample questions that focus on these terms:
Risk Probability is the determination of the likelihood of a risk occurring. This likelihood can be based on historical project information, does the risk typically occur? Or the likelihood of risks can come from interviews or meetings with individuals who would have knowledge of the probability of risks occurring. When determining the probability of a risk occurring it is often given a score such as high = 3, medium = 2, or low = 1.
Impact Assessment is the evaluation of the impact of a risk if it were to occur. If the risk would to occur would it be catastrophic to the project or a minor inconvenience? An impact assessment is generally conducted in meetings or in interviews with individuals who have the appropriate knowledge to evaluate the impact of a risk. Upon completion of an impact assessment a risk is often given an impact score such as high = 3, medium = 2, or low = 1.
A Probability and Impact Matrix is a visual representation of the results from Risk Probability and Impact Assessments. Imagine a three by three cube with probability on the left with high on the top, medium in the middle, and low on the bottom; and impact across the bottom with high on the left, medium in the middle, and low on the right. Using the scores mentioned above, if a risk has a high probability (3) and high impact (3) it will have an overall score of 6 and will be in upper left hand corner of the cube. If a risk has a low probability (1) and a low impact (1) it will have an overall score of two and will be in the lower right corner of the cube.
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fifth Edition discusses both Risk Probability and Impact Assessment and the Probability and Impact Matrix in sections 18.104.22.168, & 22.214.171.124
This free lesson of The Agile PrepCast will be describing the Agile method called Lean. The term "Lean Software Development" was first used in the book Lean Software Development: An Agile Toolkit, written by Mary and Tom Poppendieck. Lean Software Development is a translation of lean manufacturing and lean IT principles and practices used in the Toyota Production System and then adapted for software development. Seven basic principles form the foundation of Lean Software Development, which in turn are implemented on Agile projects by employing a set of 22 supporting tools.
Watch the Free Agile Lesson here: https://www.youtube.com/watch?v=I5gN66KFtaI&hd=1
Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Julian Taylor, PMP.
"I'm a so glad I'm done with the exam. What a relief. I passed the PMP® on my first try with a combined Above Target score. I had above targets in initiating, planning and executing. I received a target score for monitor and controlling and a below target in closing.
My studying process:
- Read the Entire A Guide to the Project Management Body of Knowledge (PMBOK® Guide). (April to September)
- Used the PM PrepCast online course to get my PDUs . I watched all the videos and took some notes while watching. I skipped chapter/section 4 on project integration and watched it at the end. (September til the end of November)
- Took PM PrepCast practice tests weekly. I used the wrong answers and topics I was unfamiliar to focus my areas of improvement..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6635-pmp-one-and-done