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Title: PMP Exam Training Materials PMBOK 6th edition


1
Exam Preparation Training Course
(Based on PMBOK 6th Edition) 2018
www.ReadytoTrainMaterials.com
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Established in 1969 and headquartered outside
Philadelphia, Pennsylvania USA ,the Project
Management Institute (PMI) is the worlds leading
for project management professional association
with 500,082 Project Management Professionals
(PMP).
Project Management Institute
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A widely recognized credential currently the
most sought after certification in the
world. Certification has created a world-wide
consistency for project terms, processes and
standards.
Benefits of PMP Certification
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Is it worth to be PMP Certified?
  • Salary The PMP certification has a positive
    effect on the Project Managers salary.
  • Market Demand The demand for the PMP is big, and
    its growing every day, and there is no sign that
    this demand will lessen in time. In fact the
    demand has actually increased even with the
    2008-2009 recession.
  • Prestige and Recognition it is a prestigious
    certification, with difficult eligibility
    criteria, a hard test, as well as requiring
    constant maintenance (e.g. acquiring PDUs). The
    PMP certification is highly regarded both in the
    United States and internationally.
  • Increased Project Management Knowledge Studying
    for the PMP will help the applicant learn new
    Project Management concepts, or understand
    concepts better.

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The Exam Consists Of 5 Basic Domains
of Questions of Domain Domains
23 13 Initiating
42 24 Planning
53 31 Executing
43 25 Monitoring and controlling
14 7 Closing
175 175 Total number of scored questions
25 25 Total number of unscored questions
200 200 Total number of questions
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PMP Certification Eligibility Requirements
Educational Background PM Experience PM Education
High School Diploma Associates Degree or Global Equivalent 60 Months 7,500 Hours 35 Contact Hours
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PMP Certification Eligibility Requirements
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This standard is widely accepted and when
consistently applied help you, your global peers
and your organization to achieve professional
excellence.
Project Management Body of Knowledge (PMBOK)
Is recognized standard of project management
knowledge. Provides guidelines, rules and
characteristics for project management.
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Chapter One Introduction
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What is a Project?
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A unique, product, service, or result
With a beginning and an end date
Temporary Endeavor
Not an on-going effort
What is a Project?
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A unique service or a capability to perform a
service (e.g., a business function that supports
or distribution)
A unique product that can be either a component
of another item, an enhancement or correction to
an item, or a new end item in itself (e.g., the
correction of a defect in an end item)
What is a Project?
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Projects Drive Change
Projects drive change in organizations. From a
business perspective, a project is aimed at
moving an organization from one state to another
state in order to achieve a specific objective
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Projects Enable Business Value Creation
value is the net quantifiable benefit derived
from a business endeavor. The benefit may be
tangible, intangible, or both.
Examples of intangible elements include
Examples of tangible elements include
Goodwill
Brand recognition
Public benefit
Trademarks
Strategic alignment
Reputation
Monetary assets
Stockholder equity
Utility
Fixtures
Tools
Market share
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Project Initiation Context
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Importance of Project Management
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The Importance of Project Management
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Consider a project authorized by a firm to create
an intranet website that would display its
employee related information. The outcome of the
project is the website, and the duration will
depend on the complexity and size of the work
involved. The project will come to an end when
the website is posted on the server and is ready
for use by appropriate users.
Example The Website Creation Project
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One of the major petrochemical companies has set
up a new refinery to meet its increasing market
demand. The company plans to break-even in three
years by achieving the desired volume of output
from its new plant.
Example Operations in a Petrochemical Industry
Once the new plant is set up, the operations to
be carried out in the new branch include daily
production, routine maintenance of the plant,
wages and salary credits to employees, purchase
of raw materials, grievance handling, logistics,
and supply of finished products to the market.
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Program and project management focus doing
programs and projects the right way and
Portfolio management focuses doing the right
programs.
Relationship of Project, Program, Portfolio, and
Operations Management
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Programs and Portfolio
  • A program is defined as a group of related
    projects, subprograms, and program activities
    managed in a coordinated way to obtain benefits
    not available from managing them individually.
  • Project may or may not be part of a program but a
    program will always have projects
  • Project within a program are related through the
    common outcome or collective capability.
  • A portfolio refers to projects, programs, sub
    portfolios, and operations managed as a group to
    achieve strategic objectives, The projects or
    programs of the portfolio may not necessarily be
    interdependent or directly related.

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Portfolio management aligns portfolios with
organizational strategies by selecting the right
programs or projects, prioritizing the work, and
providing the needed resources. Program
management harmonizes its program components and
controls interdependencies in order to realize
specified benefits. Project management enables
the achievement of organizational goals and
objectives
Portfolios Programs and Projects
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Project Life Cycle
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Project Life Cycle
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Project Life Cycle
Construction
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Project Life Cycle
IT Project
Project phases differ from project to another
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Project Life Cycle
A project phase is a collection of logically
related project activities that culminates in the
completion of one or more deliverables. The
phases in a life cycle can be described by a
variety of attributes.
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From chapters two-Nine are hidden
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Questions Samples
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Exercise
  • Q1. The estimate for a task is O 3 days, P 7
    days, M 4 days. What is the standard deviation
    of the task?
  • A. 5/6 of a day.
  • B. 2/3 of a day.
  • C. 1 ½ days.
  • D. 5 2/3 days.

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Exercise
  • Q1. The estimate for a task is O 3 days, P 7
    days, M 4 days. What is the standard deviation
    of the task?
  • A. 5/6 of a day.
  • B. 2/3 of a day.
  • C. 1 ½ days.
  • D. 5 2/3 days.

Solution SD (P-O)/6 (7-3)/6 2/3
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Exercise
  • Q2. You are the project manager for a new project
    and have figured out the following dependencies
  • Task 1 can start immediately and has an estimated
    duration of 3 weeks
  • Task 2 can start after Task1 is completed and has
    an estimated duration of 3 weeks
  • Task 3 can start after Task 1 is completed and
    has an estimated duration of 6 weeks
  • Task 4 can start after Task 2 is completed and
    has an estimated duration of 8 weeks
  • Task 5 can start after task 4 is completed and
    after Task 3 is completed . This task takes 4
    weeks.
  • What is the duration of the critical path?
  • A. 18.5 weeks -B. 19 weeks -C. 20 weeks -D.
    18 weeks

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Exercise
  • Q3. A project has three critical paths. Which of
    the following BEST describes how this affects the
    project?
  • A. It makes it easier to manage.
  • B. It increases the project risk.
  • C. It requires more people.
  • D. It makes it more expensive.

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Exercise
  • Q4. You are taking over a project and determine
    the following Task B has an early finish of day
    3, a late finish of day 6, and an early start of
    day 2. Task L is being done by a hard-to-get
    resource. The CPI is 1.1 and the SPI is 0.8.
    Based on the information above, what would you be
    most concerned about?
  • A. Float.
  • B. Resources.
  • C. Cost.
  • D. Schedule.

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Exercise
  • You are the project manager for a project with
    the following network diagram. Studying the
    diagram, which path is the critical path?
  • A. ABCD
  • B. EBCD
  • C. EFH
  • D. EGH

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Exercise
  • You are the project manager for a project with
    the following network diagram. Studying the
    diagram, which path is the critical path?
  • ? B is the critical path because EBCD is the
    longest path to completion at 18 days. A, C,
    and D are incorrect because these paths have
    float. For more information,

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