Your organization has in the past demonstrated to be risk averse. Jump-start your journey toward PMP certification and become a PMI Certified Project Manager in 1-3 months and spending about $800. What would the PM do next? This is an example of a: 5. D is too broad a statement. Click here for our PDU courses. 11. Find out all the details about the PMP exam change coming in January 2021. This may include adding new risks, updating outdated risks or risks that were realized, updating risk responses, and so forth. After identifying each person impacted by the project, you and your project management team evaluated your stakeholders using a power/influence grid. As part of a strategy to handle negative risk, a project manager decided to adopt less complex processes, conduct more tests and choose a more stable supplier. PMI, PMBOK, PMP, CAPM, PMI-ACP, PMI-RMP, PMI-SP, PMI-PBA, The PMI TALENT TRIANGLE and the PMI Talent Triangle logo, and the PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc. | PMI R.E.P Provider ID #3348. During the planning for his $22 million project, Bud Viser and his team were diligent about identifying, analyzing and prioritizing risks. A detailed PMP Study Plan for getting PMP certification. PMI Membership will cost you $139. A - O = 2, M = 4, P = 6 (3 times optimistic). 37. 38. It is an input to A and B. Stakeholder analysis is a tool and technique used during Identify Stakeholders. Signup for the PMTI PMP Boot Camp to get the required 35 contact hours (PDUs). 24. All of the following are information gathering techniques except: 4. A project manager is working in a weak matrix organization and is required to report all events to 4 department heads and two directors in the sponsoring team. Do You Qualify for the PMP Certification? Due to a recent equipment situation, several new risks have been identified. B - A is an OPA. Before you take the PMP exam, get this guide containing secrets to help you pass. Which of the following is MOST likely to impact your original prioritization of risks? And within those 3 years, you need to acquire 60 Professional Development Units (PDUs) to maintain your PMP credential for the next 3 years. 40. You can use the PMTI PMP Application Exam Prep Tool and our complimentary expert review to help you apply for and succeed through the PMP certification exam after you register for one of PMTI’s PMP Exam Prep classes. 20. In addition, twelve risks have been logged on the watch list and are considered actively accepted. We offer live PMP Certification Training courses in over 60 convenient locations. The questions are broken down into 5 process groups; Initiation(13%), Planning(24%), Executing(31%), Monitoring and Controlling(25%), Closing(7%). The correct response is C because the process of “Identify Risks” is an iterative process that happens throughout the life of the project. 22. 20. 1. In C, the team carries out the activities in the plan. One of the documents which would have helped manage each of these problems proactively is the: 21. What scheduling method are you using? 24. 5 years (60 months) of non-overlapping professional project management experience; 7,500 hours leading and directing projects; 35 hours of formal project management education; PMP certification costs. 5-why method is a tool to identify the root cause of a risk and is more commonly used in the planning process group where more detail is known about the project. You can view this as a PMP certification process infographic here. Project Management Professional. These PMP eligibility requirements are important in maintaining the professionalism and level of caliber established at the Project Management Institute. An example is constructing the foundation for a building before completing all of the architectural drawings. Since work gets done during the executing phases and is tracked, orchestrated, and reviewed in monitoring and controlling processes, change requests, corrective actions, preventive actions, and defect repairs - all of which are now called change requests - occur predominantly during these two process groups, primarily in M & C processes. Are human resource objectives in compliance with the project plan objectives? You believe that although it’s notoriously difficult, it’s worth the extra effort. Who authorizes the charter? PMI will review your application and respond within 3 to 5 business days. Corrective and preventive actions may be requested by anyone and are outputs of planning and executing processes as well as monitoring and controlling. If you’re a 4PMTI student, we offer you FREE online courses that meet the above requirements and are qualified to provide you with the remaining 52 PDUs when you enroll in our PMP training courses*. The configuration management system (CMS) is a subset of the PMIS and the change control plan is a subset of the CMS. This document is created during which of the following processes: 8. Be gymnastic. 49. As a quick reference guide you should save, print, or share our PMP Certification Process Infographic that outlines your path to PMP certification success! C - You are in completing your configuration management plan in Develop Project Management Plan. 35. If you’re reading this right now, then you understand how important a PMP Certification is to get ahead in your career. You are in charge of a project to build a new bridge across the Salt River. TPMI no longer checks for a certain number of hours of experience in project management. What strategy would this be classified as? During these 3 years, you have to earn 60 Professional Development Units (PDUs) to maintain your PMP status for an additional 3 years. PMP certification is the gold standard of project management certifications. If your highest attended education level is a four-year degree or above, for instance, bachelors degree or equivalent, masters degree, doctorate, etc., to apply for PMP certification, you need to satisfy the following three PMP certification requirements PMTI has developed a set of criteria and an easy worksheet to assist you in selection. Therefore, the PMP certification is something that a person who works as a project manager would want to pursue. Consequently, first-time test takers should also be advised that the PMP certification exam is extremely difficult. It is clearly beneficial to be a PMI member. PMI has set the PMP certification requirements quite diligently to cover various aspects. It costs $139 to become a member, but it saves you money on exam fees. 30. Use the information collected in step 1 to fill in the following. A - A common active acceptance strategy is to establish reserves of time, money and resources to handle the risks if one of them should occur. Don’t just be agile. Once the payment is made, you’ll receive a PMI Eligibility ID both online and by email. A project manager has a large list of stakeholders in his stakeholder register. PMP ® Certification Requirements. 37. A project to produce a major new product for LINCo was chartered with approvals from three vice presidents and the general managers of 5 manufacturing facilities. Although the PMP is not the right certification for every project manager, the following information will help you determine if it’s … Once your application is approved, you’ll receive an invitation via email to pay for the exam at PMI’s website. The first PMP eligibility requirement is for the applicant to have a degree or a secondary diploma. The only answer with mandatory is C. 45. B - A uses float to help manage start and end dates for project activities. The pm team is now having trouble determining what work is actually required. You should have experience of all 5 performance domains (Process Groups). PMI member: First register with PMI and be a member of the institute. A - The team is measuring power and influence. D is likely to happen during execution of the project and also be a part of Monitor and Control Risk. What document and process will help Sara ensure all requested changes and recommended corrective actions to scope are integrated with integrated change control and scope baseline? 42. Customer Service: (734) 786-0104 43. (8 PDUs), Full Stakeholders Engagement Assessment Matrix, Leadership, strategic, and organizational, The project manager may not have adequate experience/knowledge in developing and installing security business applications and cannot direct his team or the functional managers, The sponsor is not assisting the project manager in getting the necessary support from the functional teams, The project management team missed identifying some project stakeholders, The project manager did not follow basic PMI procedures such as project charter approval and other project management processes, so he is unable to obtain support from functional groups, Requirements traceability matrix, control scope, Requirements traceability matrix, control quality. This would be an example of what type of risk response strategy: 39. This Planning Package is product of: 6. While determining your risk management plan, you make sure you include which of the following: 19. The watch list is part of the risk register. These actions reduce the probability and/or impact of risks. The assumptions log lists factors believed to be true for planning purposes. Customers (B) are the end users of the product and, although involving the customer in the charter definition often helps increase their commitment to the project, they are most likely to be involved in Collect Requirements, (D) Functional managers help staff large projects or may sponsor small, tactical projects. As a result, in the monthly report, the project manager reports an expected monetary value (EMV) of -$45,000 on a potential event in the project. In this page, we’ve compiled all the important information that you need to know about the PMP certification exam. You have until 31 December 2020 to take the current Project Management Professional (PMP) certification exam. If you have a secondary degree such as a high-school diploma, PMI requires 60 months of PM experience. When you meet with Hank, your contact in the accounting department, Hank informs you that the company has already committed 60% of its project budget to another project; therefore, the required funds will not be available at the time you planned to purchase the equipment. The project management team begins on the next phase of the project and finds that the work breakdown structure identified a set of deliverables using abbreviated labels. B is slightly better since you are considering a solution as well as price. Lessons learned register is an output of Manage Project Knowledge process and is created early in the project. And during this time, you must earn 60 additional Professional Development Units (PDUs) to maintain your certification for another 3 years. The word “only” should alert you to this. Your PMP certification is valid for 3 years. 49. Projects with risks too high to be within the organization’s risk tolerance levels may be rejected before the charter is signed. While adding 0 days of free float is not part of the definition, all activities on the critical path have 0 days of free float because they cannot be delayed without delaying a successor activity. You may use your PMP credential immediately for the next 3 years. By earning a PMP certification you’ll get a significant advantage over your colleagues, make more money, and increase your value by equipping yourself with high-level project management skills. Because the risk is now identified, the risk register is updated with the risk and its contingency and fallback plans. 2. Who is most likely to have had major input to this document? Exam Details: Confirm the country where you intend to sit for the exam and if you need special accommodations. During the development of the scope statement, the project manager and project management continue to grow over the next year. It is kept consistently updated throughout the project. We understand that, and that’s why we want to help you ace your PMP Certification Exam on your first try— guaranteed. 25. These Team Performance Assessments which are an output of Develop Team may include indicators such as desired and expected improvements in individual skills and increased team cohesiveness. C - Stakeholder Management Strategy is an output of (C) Identify Stakeholders. Significant areas that PMI covers in the skill and competency required to lead a project. This has resulted in exponential growth of PMP certificants each year. The cause and effect diagram is the tool the team would use to conduct the root cause analysis within the process analysis. Your scope statement is not very well defined, but you need to complete the project with a high level of quality within twelve months. How do I get PMP Certified? As a benefit to students, PMTI provides a simple easy-to-use PMP application prep tool to prepare all the information necessary to plug into the PMP application. After passing the PMP certification exam, you’ll be approved to use the PMP credential for 3 years. B - A, risk audits and risk assessments are conducted in Monitor Risks. Pro-tip: The questions will be broken down into 5 process groups: Initiation (13%), Planning (24%), Executing (30%), Monitoring & Controlling (25%), and Closing (8%). Let’s start with the basics, shall we? When you look at the reports for the past six weeks, you notice that four of your team members are consistently a day late in completing deliverables.
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