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    Aileen's Study Plan - PMP Exam Success

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    Raj K
    NonMPM

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    © All Rights Reserved
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    Aileen's Study Plan - PMP Exam Success

    Uploaded by

    Raj K
    21 views3 pages
    NonMPM

    Original Title

    NonPMP

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    NonMPM

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views3 pages

    Aileen's Study Plan - PMP Exam Success

    Uploaded by

    Raj K
    NonMPM

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Aileen’s

    Study Plan - PMP® Exam Success




    1. Set a limited time frame for your studying. We suggest eight to twelve
    weeks. Really focus on your studies.
    a. We have (approximately) 340 items in the online area. Lets assume
    you want to complete your studies in 10 weeks from your start
    date. This means you need to complete 34 items per week. Try to
    move at that velocity (if you want to finish in 10 weeks) for a couple of
    weeks. Based on your real results adjust your target completion date
    or your velocity. Continue to monitor your results and adjust.
    b. Every time you enter the online material look at the right
    column. You will see a picture similar to this one. This tells you
    where you are in the material. We have approximately 330-340 items
    available. This number changes occasionally as I add new material,
    combine videos, etc. If you have completed 34 items of 340 you know
    you are about 10 % of the way through the material.

    c.

    2. Work with sample questions. Not a hundred, but at least a thousand,
    maybe more. We do not learn to ride a bike by reading a manual. We do not
    learn to pass the PMP® Exam by reading A Guide to the Project Management
    Body of Knowledge (PMBOK® Guide). You must practice for the PMP® Exam
    by doing sample questions.
    a. You will see that our online material is filled with quizzes and mini
    exams. Take these questions seriously and really learn from them.
    b. In my videos I review over 1,000 sample questions. Do not just hit
    play and sit back and watch me review these sample questions. Every
    time you see a sample question in a video:
    i. pause the video
    ii. answer the question on your own
    1. eliminate wrong answers
    2. select the best answer
    iii. then listen to my explanation.

    3. Know the tools and techniques of the PMBOK® Guide. Know which tools
    and techniques are associated with which processes and why. Know how to

    © AME Group Inc. author Aileen Ellis, PMP, PgMP , [email protected]


    Aileen’s Study Plan - PMP® Exam Success

    apply the tools and techniques in scenarios. Go to the category of my videos
    titled: Tool and Techniques Groups.

    4. Know Table 1-4 of the PMBOK® Guide. Be able to data dump the entire
    table at the beginning of the exam. Know which processes belong to each
    process group and each knowledge area. Watch the video titled: Process
    Game- Very Important to help you.

    5. Understand Earned Value Management. Don’t just memorize equations.
    Go to the category of my videos titled: Earned Value Management.

    VARIANCES POSITIVE NUMBER ZERO NEGATIVE NUMBER
    SCHEDULE Ahead of schedule On schedule Behind schedule
    COST Under budget On budget Over budget
    Trick- negative variances are bad, positive variances are good.

    INDEXES GREATER THAN ONE ONE LESS THAN ONE


    SCHEDULE Ahead of schedule On schedule Behind schedule
    COST Under budget On budget Over budget
    Trick- indexes (SPI and CPI) greater than one are good, less than one are bad.

    6. Memorize and understand this list of equations.



    Present Value PV= FV/(1+i)t
    FV-future value
    i= interest rate
    t= time periods
    PERT PERT= (P+4ML+O)/6
    P= pessimistic, ML=Most Likely,
    O= optimistic
    One Standard Deviation 1 Standard Deviation= |(P-O)/6|
    Variance Variance = ((P-O)/6)2
    Cost Variance (CV) CV=EV-AC
    EV=earned value
    AC= actual cost
    Cost Performance Index (CPI) CPI=EV/AC
    EV=earned value
    AC= actual cost
    Schedule Variance(SV) SV=EV-PV
    EV= earned value
    PV= planned value
    Schedule Performance Index (SPI) SPI=EV/PV
    EV= earned value
    PV= planned value
    Estimate at Completion (EAC) EAC=BAC/CPI

    © AME Group Inc. author Aileen Ellis, PMP, PgMP , [email protected]


    Aileen’s Study Plan - PMP® Exam Success

    BAC= budget at completion
    CPI= cost performance index
    Estimate to Complete (ETC) ETC= EAC-AC
    EAC= estimate at completion
    AC= actual cost
    Variance at Completion (VAC) VAC= BAC-EAC
    BAC= budget at completion
    EAC=Estimate at Completion
    To Complete Performance Index (TCPI) TCPI= work remaining/funds remaining

    TCPI based on BAC
    TCPI = (BAC_EV)/(BAC-AC)

    TCPI based on EAC
    TCPI = (BAC-EV)/(EAC-AC)
    Number of Communication Channels # of channels= n(n-1)/2
    n= number of people
    Point of Total Assumption (PTA) PTA= target cost+ ((ceiling price-target
    price)/buyer share ratio)


    DON’T


    1. Don’t memorize answers. Make sure you understand the sample questions
    including why the right answer is better than the three wrong answers.

    2. Don’t read the PMBOK® Guide cover to cover.
    a. Skim it one small section at a time (my online material will tell you
    what sections to skim and when.
    b. After each section practice on sample questions related to that
    section.
    c. Focus on figures and tables.
    d. Dig deep into the book to understand the sample questions.

    3. Don’t focus only on finding the right answer. Put just as much focus on
    eliminating the wrong answers. Eliminating wrong answers can increase
    your score on the exam by over 30 questions. For most project managers
    this is the difference between passing and failing.


    Regards,

    Aileen Ellis, PMP, PgMP, CSM, CSPO
    AME Group Inc. Registered Education Provider (R.E.P.)

    © AME Group Inc. author Aileen Ellis, PMP, PgMP , [email protected]

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