PMP Exam Information
For PMP Examination, the following are the details:
Exam Version : Sep 2004 ( PMBOK Third Edition )
No of Questions : 200 ( 25 Questions non-countable )
Exam Duration : 4 Hours
Required Passing Score : 53%
Exam Fee : US$ 555.00 ( Non-PMI® Member ) / US$ 405.00 ( PMI® Member )
PMI® Membership Fee : US$109.00 + US$10.00 ( Application Fee ) - So it is cheaper if you join PMI before taking the exam.
Exam Period : Any avaliable time of Exam Center.
Exam Procedure :
Candidate submit their PMP Exam Application online ( Instructor will advice how to do so on the first lesson )
Wait for PMI® approves your application and issue Eligibility ID, normally within 7 working days
Register PMP® exam via www.2test.com by using the your Eligibility ID
Check for Exam Center available time and Schedule the Exam
Take your exam
Who recognizes the PMP certification?
Major companies and government agencies worldwide recognize the PMP certification. Several Fortune 1000 companies demand that all of their employees or subcontractors that are engaged in project management activities should be PMPs. In other words, the PMP certification has become a market differentiator; companies that do not have PMP certification programs are at a competitive disadvantage.
Some of the major companies that support project management certification include AT&T, Bell South, Bell Core, Bell Atlantic, US West, Motorola, GSK, Novartis, Citibank, HSBC, IBM, EDS, HP, ABB, Pacer International, Barclays, Microsoft, BBC, NCR, Eurotel, Shell, BP, and many others. Government agencies supporting PMP certification include the U.S. Defense Systems Management College, the U.S. Department of Energy, and Canada’s Department of National Defense.
New Version of PMP Credentials Handbook
The PMI has recently released a new version of the PMP Credentials Handbook. The new handbook simply contains more detailed information about the exam. You may want to find the latest version in the link below:
http://www.pmi.org/PDF/PDC_ PMPHandbook.pdf
PMI Project Management 2007 Salary Survey
In the latest issue of PMI today (A Supplement to PM Network), there is an article on the recent PMI release of the PMI Project Management Salary Survey. I have summarized the main points below:
Based on self-reported salary information from more than 5,500 project management practitioners.
Based on compensation data in the 19 countries surveyed.
95% of the respondents total compensation increased over the past 12 months. Out of which 40% have at least 5% increase.
98% of the respondents expected the total compensation to increase in the next 12 months. Out of which 43% expecting an increase of at least 5%.
Showing posts with label PMP General. Show all posts
Showing posts with label PMP General. Show all posts
Thursday, April 9, 2009
What is covered in PMP Certification
What is covered in PMP Certification
In PMP, the following topics are covered. To pass the exam, you do not need to know the details of each process. However, you should know what is the input and output of each process and how they integrate together.
Initiate project
Plan project work and work breakdown structure
Develop project schedules, cost estimates, and budgets
Plan project quality, staffing, and communications
Analyze project risk
Plan project procurement
Execute project work
Monitor and control project work
Monitor and control project schedule and costs
Monitor and control project quality, staffing, and communications
Monitor and control project risks and contracts
Close project
In PMP, the following topics are covered. To pass the exam, you do not need to know the details of each process. However, you should know what is the input and output of each process and how they integrate together.
What is PMP
The Project Management Professional (PMP®) Credential
Individuals who hold PMI’s PMP credential demonstrate a proficient level of project management leadership skills, and as a result are able to command salaries that exceed those of their non-credentialed counterparts.
To be eligible for a PMP credential, you must meet specific guidelines that objectively measure experience, education and professional knowledge. You also must agree to adhere to the PMI Code of Ethics and Professional Conduct and pass a rigorous multiple-choice examination that assesses your abilities in project management.
Eligibility
• Applicants must have 35 hours of specific project management education.
• With a Bachelor’s Degree (or the global equivalent): Applicants must have a minimum three years’ professional project management experience, during which 4,500 hours are spent leading and directing project tasks, up to eight years from the time of application.
• Without a Bachelor’s Degree (or the global equivalent): Applicants must have a minimum five years’ professional project management experience, during which at least 7,500 hours are spent leading and directing project tasks, up to eight years from the time of application.
The PMP Credential Examination
This four-hour examination composed of 200 multiple-choice questions measures your ability to apply knowledge, skills and techniques used in project management. The examination is developed by groups of individuals from around the globe who hold the PMP credential and is routinely reviewed and revised to ensure the best and consistently objective assessment.
(obtained directly from PMI's website: http://www.pmi.org/CareerDevelopment/Pages/Obtaining-Credential.aspx)
Individuals who hold PMI’s PMP credential demonstrate a proficient level of project management leadership skills, and as a result are able to command salaries that exceed those of their non-credentialed counterparts.
To be eligible for a PMP credential, you must meet specific guidelines that objectively measure experience, education and professional knowledge. You also must agree to adhere to the PMI Code of Ethics and Professional Conduct and pass a rigorous multiple-choice examination that assesses your abilities in project management.
Eligibility
• Applicants must have 35 hours of specific project management education.
• With a Bachelor’s Degree (or the global equivalent): Applicants must have a minimum three years’ professional project management experience, during which 4,500 hours are spent leading and directing project tasks, up to eight years from the time of application.
• Without a Bachelor’s Degree (or the global equivalent): Applicants must have a minimum five years’ professional project management experience, during which at least 7,500 hours are spent leading and directing project tasks, up to eight years from the time of application.
The PMP Credential Examination
This four-hour examination composed of 200 multiple-choice questions measures your ability to apply knowledge, skills and techniques used in project management. The examination is developed by groups of individuals from around the globe who hold the PMP credential and is routinely reviewed and revised to ensure the best and consistently objective assessment.
(obtained directly from PMI's website: http://www.pmi.org/CareerDevelopment/Pages/Obtaining-Credential.aspx)
Help to prepare and fill PMP exam form
I read a very good article on how to prepare and fill the PMP exam form. You can find the article in the link below.
http://www.ehow.com/how_4825646_prepare-fill-pmp-application-form.html
http://www.ehow.com/how_4825646_prepare-fill-pmp-application-form.html
PMP One Page Formula
From PMP Exam Resource, I have received the following email that I believe will be very valuable before taking PMP exam.:
Q U A L I T Y
-------------
CoQ = ( ( Review Efforts + Test Efforts + Training Efforts + Rework Efforts + Efforts of Prevention) / Total Efforts) x 100 %
PERT = O + 4ML + P
--------------
6
MEAN -> Average
MODE -> The "most found" number
RANGE -> Largest - Smallest Measure.
MEDIUM -> No in the middle or avg. of 2 middle Nos
STD. DEV. OF TASK = P - O
____________
6
TASK VAR. = (P - O) 2 = Std. Dev ^ 2
____________
6
_____________
CP STD. DEV. = √ σ² + σ² + σ²
SIGMA 1 = 68.26
2 = 95.46
3 = 99.73
6 = 99.99
Channels of Communication
-------------------------
COMM = (N2 - N) / 2 = (N x (N - 1)) / 2
P R O J E C T S E L E C T I O N
---------------------------------
PV = F V .
-------
(1+r)ⁿ
FV = PV x (1+r)
NPV = S ( PV + PV + PV + PV )
---- ---- ---- ----
(1+r)ⁿ (1+r)ⁿ (1+r)ⁿ (1+r)ⁿ
Cash Flow = Cash Inflow - Cash Outflow
Discounted Cash Flow = CF x Discount Factor
ARR = S Cash Flow / No. of Years
ROI = (ARR / Investment) * 100 %
BCR = Benefits / Cost
Exp. Value = Probability % x Consequence $
Class of Estimates
-------------------
Definitive +5%
Capital Cost +10-15%
Appropriation +15-25%
Feasibility +25-35%
Order of Magnitude > +35%
Contract Incentives
--------------------
Savings = Target Cost - Actual Cost
Bonus = Savings x Percentage
Contract Cost = Bonus + Fees
Total Cost = Actual Cost + Contract Cost
E A R N E D V A L U E A N A L Y S I S
---------------------------------------------
PV (Present Value) = BCWS (Budgeted Cost of Work Schedule)
EV (Earned Value) = BCWP (Budgeted Cost of Work Performed)
AC (Actual Cost) = ACWP (Actual Cost of Work Performed)
CV = EV - AC
CPI = EV / AC (efficiency)
SV = EV - PV
SPI = EV / PV
ETC = BAC - EV or (BAC - EV) / CPI
EAC = AC + ETC
EAC = BAC / CPI
VAC = BAC - EAC
% COMPLETE = EV / BAC x 100
% SPENT = AC / BAC x 100
CV% = CV / EV x 100
SV% = SV / PV x 100
Q U A L I T Y
-------------
CoQ = ( ( Review Efforts + Test Efforts + Training Efforts + Rework Efforts + Efforts of Prevention) / Total Efforts) x 100 %
PERT = O + 4ML + P
--------------
6
MEAN -> Average
MODE -> The "most found" number
RANGE -> Largest - Smallest Measure.
MEDIUM -> No in the middle or avg. of 2 middle Nos
STD. DEV. OF TASK = P - O
____________
6
TASK VAR. = (P - O) 2 = Std. Dev ^ 2
____________
6
_____________
CP STD. DEV. = √ σ² + σ² + σ²
SIGMA 1 = 68.26
2 = 95.46
3 = 99.73
6 = 99.99
Channels of Communication
-------------------------
COMM = (N2 - N) / 2 = (N x (N - 1)) / 2
P R O J E C T S E L E C T I O N
---------------------------------
PV = F V .
-------
(1+r)ⁿ
FV = PV x (1+r)
NPV = S ( PV + PV + PV + PV )
---- ---- ---- ----
(1+r)ⁿ (1+r)ⁿ (1+r)ⁿ (1+r)ⁿ
Cash Flow = Cash Inflow - Cash Outflow
Discounted Cash Flow = CF x Discount Factor
ARR = S Cash Flow / No. of Years
ROI = (ARR / Investment) * 100 %
BCR = Benefits / Cost
Exp. Value = Probability % x Consequence $
Class of Estimates
-------------------
Definitive +5%
Capital Cost +10-15%
Appropriation +15-25%
Feasibility +25-35%
Order of Magnitude > +35%
Contract Incentives
--------------------
Savings = Target Cost - Actual Cost
Bonus = Savings x Percentage
Contract Cost = Bonus + Fees
Total Cost = Actual Cost + Contract Cost
E A R N E D V A L U E A N A L Y S I S
---------------------------------------------
PV (Present Value) = BCWS (Budgeted Cost of Work Schedule)
EV (Earned Value) = BCWP (Budgeted Cost of Work Performed)
AC (Actual Cost) = ACWP (Actual Cost of Work Performed)
CV = EV - AC
CPI = EV / AC (efficiency)
SV = EV - PV
SPI = EV / PV
ETC = BAC - EV or (BAC - EV) / CPI
EAC = AC + ETC
EAC = BAC / CPI
VAC = BAC - EAC
% COMPLETE = EV / BAC x 100
% SPENT = AC / BAC x 100
CV% = CV / EV x 100
SV% = SV / PV x 100
differences between the third edition and the fourth edition of the PMBOK Guide
What are the differences between the third edition and the fourth edition of the PMBOK Guide?
The Fourth Edition continues to reflect the evolving knowledge within the profession of project management. Like previous editions, it represents generally recognized good practice in the profession.However, the Fourth Edition also reflects a focus on improved consistency and clarity. Great consideration was given by the project teams to remove redundant information and add clarifying statements where needed.
Terminology was updated only to present process names consistently in a verb-noun format. The PMBOK Guide—Fourth Edition continues the tradition of excellence in project management with a standard that is easy to understand and implement.
The major differences between the Third Edition and the Fourth Edition are summarized below:
PMBOK Guide
All process names are in a verb-noun format
Enterprise Environmental Factors were more clearly defined to avoid confusion with Organizational Process Assets.
A standard approach for discussing requested changes, preventive actions, corrective actions and defect repairs was employed.
The processes decreased from 44 to 42. Two processes were deleted, two processes were added and 6 processes were reconfigured into 4 processes in the procurement Knowledge Area.
To provide clarity a distinction was made between the project management plan and project documents used to manage the project.
The distinction between the information in the Project Charter and the Project Scope Statement was clarified.
The process flow diagrams at the beginning of chapters 4-12 have been deleted and replaced with data flow diagrams.
A data flow diagram for each process has been created.
A new appendix was added that addresses key interpersonal skills that a project manager utilizes when managing a project.
A complete list of changes can be found in Appendix A of the Fourth Edition.
details check differences between the third edition and the fourth edition of the PMBOK Guide
The Fourth Edition continues to reflect the evolving knowledge within the profession of project management. Like previous editions, it represents generally recognized good practice in the profession.However, the Fourth Edition also reflects a focus on improved consistency and clarity. Great consideration was given by the project teams to remove redundant information and add clarifying statements where needed.
Terminology was updated only to present process names consistently in a verb-noun format. The PMBOK Guide—Fourth Edition continues the tradition of excellence in project management with a standard that is easy to understand and implement.
The major differences between the Third Edition and the Fourth Edition are summarized below:
PMBOK Guide
All process names are in a verb-noun format
Enterprise Environmental Factors were more clearly defined to avoid confusion with Organizational Process Assets.
A standard approach for discussing requested changes, preventive actions, corrective actions and defect repairs was employed.
The processes decreased from 44 to 42. Two processes were deleted, two processes were added and 6 processes were reconfigured into 4 processes in the procurement Knowledge Area.
To provide clarity a distinction was made between the project management plan and project documents used to manage the project.
The distinction between the information in the Project Charter and the Project Scope Statement was clarified.
The process flow diagrams at the beginning of chapters 4-12 have been deleted and replaced with data flow diagrams.
A data flow diagram for each process has been created.
A new appendix was added that addresses key interpersonal skills that a project manager utilizes when managing a project.
A complete list of changes can be found in Appendix A of the Fourth Edition.
details check differences between the third edition and the fourth edition of the PMBOK Guide
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