Inov8Solutions Inc – Quality Educational Services For Professionals Project Management Professional (PMP)® Exam Preparation Based on PMBOK® Guide, Fifth edition Materials in this class are based on the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute, Inc., 2014. PMI’s Project Management Professional (PMP)® credential is the most important industry-recognized certification for project managers. Globally recognized and demanded, the PMP® certification demonstrates that you have the experience, education and competency to successfully lead and direct projects. This recognition is seen through increased marketability to employers and higher salary; according to the PMI Salary Survey — Sixth Edition, a PMP certification increases your salary up to 10% more than your non-credentialed colleagues and peers. Before we talk about Project Management and the contents of this course in detail, let us talk about what the PMP exam is all about and review the PMP exam and application requirements in details. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-1

PMP® Exam Requirements 35 Contact Hours You will get these at the end of this course. Education Bachelors Degree 4500 hours of PM Experience Three years within the last eight years High School Graduate 7500 hours of PM Experience Five years within the last eight years One of the mandatory requirements is that the applicant must document at least 35 contact hours of formal project management education. Upon successful completion of this course, a 35 contact hours training certificate is given which is required to sit the PMP exam. This will be issued and is automatically approved by PMI. A four-year degree (bachelor’s or the global equivalent) and at least three years of project management experience, with 4,500 hours leading and directing projects and 35 hours of project management education. OR A secondary diploma (high school or the global equivalent) with at least five years of project management experience, with 7,500 hours leading and directing projects and 35 hours of project management education. If you do not meet the PMP eligibility requirements, you may want to look at the Certified Associate in Project Management (CAPM)® certification. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-2

Inov8Solutions Inc – Quality Educational Services For Professionals Applying for the Exam Electronically or via slow mail PMI will mail/email an authorization letter for taking the exam Exam should be taken within a year of the application approval date Try to schedule exam in advance It is recommended to apply for the exam online. Once the application is submitted PMI typically takes between 5 to 7 business days to inform the candidates if their application is approved or if they need more information on the application. Once PMI approves the PMP exam application, the exam has to be taken within a year of the application approval date. If one fails to take the exam within the year of the approval, the application process has to be started again. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-3

Inov8Solutions Inc – Quality Educational Services For Professionals Exam Format 200 Multiple choice questions Time – 4 hours 25 questions are pre-release questions (not included in score) Passing score is 106 out of 175 questions (approx 61 percent) Questions may be poorly worded Requires memorization of Inputs/Outputs/ Tools & Techniques There are 200 questions you need to answer in 4 hours. 25 pretest questions are randomly placed throughout the test to gather statistical information on the performance of these questions in order to determine whether they may be used on future examinations. These 25 pretest items are included in the 200-question examination, but will not be included in the pass/fail determination; candidates will be scored on 175 questions. Each question on this exam is worth exactly as much as the next. The very simple ones and the more complex ones are not weighted against each other; all are the same weight. All of the test questions are multiple choice and there are 4 options. There is only one correct answer. You are required to select one answer. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-4

Exam Format Contd This is a typical example of how an exam question would look like. You would have four choices for each questions, out of which you would have to select one. The “buttons” at the bottom of each question have specific functions. So, If you want to see the previous question, you click on ‘Previous’ button. After you select the answer, you click on ‘Next’ button to see the next question. If you are not sure about your answer, click ‘Mark’ button to review the question later. Click ‘Review’ button to review each question status and marked questions .

Inov8Solutions Inc – Quality Educational Services For Professionals Exam Guidelines Since the PMP Exam format changed on August 2011, the exam is now set out as follows. 13% of the questions in the exam come from Project Initiation, 24% from planning, 30% from execution, 25% from project monitoring and controlling and 8% from project closing activities. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-6

Inov8Solutions Inc – Quality Educational Services For Professionals Exam Guidelines Toughest knowledge areas Framework, Integration, Procurement, Risk and Time Toughest process groups Executing, Controlling and Professional Responsibility Students are strongly advised to go through Project Framework management, Project Integration management, Project Procurement management, Risk management and Time management in detail as these are the toughest knowledge areas from the PMP exam perspective The toughest process areas are Executing, Controlling and Professional Responsibility PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-7

Exam preparation strategy Read PMP® Exam Prep Rita Mulcahy-8th edition Or any other book you may choose Use PMBOK® Guide, Fifth Edition as reference Know PMBOK® Guide terminology Form study groups Take practice tests Consult other materials / resources Beside the latest version of PMBOK (Project Management Body of knowledge) we are going to follow the latest version of Rita Mulcahy’s PMP exam preparation book. It is strongly recommended to read Rita Mulcahy’s latest PMP exam preparation book at least once along with all the practice exam questions at the end of each chapter Students are encouraged to know “Process inputs” and “outputs” It is a good idea to form study groups if possible Also it is encouraged to take as many practice exam tests as possible PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-8

Tricks for taking the exam Answer question per PMI’s perspective Read all 4 choices first before answering Use elimination technique Watch for distracters in the questions Write down all formulae before exam Review questions, after completing exam Do not get frustrated during the exam It is important to remember to answer questions from PMI’s perspective and put PMI’s hat on when answering the questions Read all 4 choices first before answering the question Use elimination techniques to eliminate the choices that have nothing to do with the question being asked Watch for distracters in the questions Brain dump - Write down all formulae before the exam on the piece of paper that will be provided to you in the examination center just before you start your exam. Review questions, after completing the exam Do not get frustrated during the exam – If you do not know the answer of the question, mark it for review and move on to the next question. PMP, CAPM, PgMP, PMI-SP , PMI-RMP, OPM3 and PMBOK  are registered marks of Project Management Institute, Inc Inov8Solutions Inc – Quality Educational Services For Professionals www.Inov8Solutions.com 1-9