200 FREE PRACTICE QUESTIONS FOR PMP® EXAM BASED ON PMBOK 5

1. You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process?
a) Activity attributes, project scope statement, and activity list
b) Activity list, activity attributes, and schedule data
c) Project calendar, requested changes, and schedule data
d) Work performance information, schedule baseline, and performance reports
2. You are managing a project to develop an emergency brake to an upcoming new model of RV. In your project, you have to complete building a prototype before testing can begin. This is an example of:
a) Mandatory dependency
b) Discretionary dependency
c) External dependency
d) Preferred logic
3. Your company has decided to outsource one of its IT product developments to ABC IT Services through a contract. You clarify the structure and requirements of the contract so that mutual agreement can be reached prior to signing the contract. Which of the following statements on procurement negotiations are correct?
a) You have to discuss technical and business management approaches, proprietary rights, overall schedule, payments, and price.
b) At the end of the procurement negotiations, you will have a contract document executed by both buyer and seller.
c) The project manager is the lead negotiator on the procurement.
d) Final contract language will reflect all agreements reached.
4. Your project, you need to verify whether deliverable meet requirements and product acceptance criteria. For this purpose, which of the following would you rely on?
a) Inspection
b) Expert judgment
c) Observations
d) Focus groups
5. The Scope Management Plan is an important component of the Project Management Plan since it provides direction on how the project scope will be managed throughout the project life cycle. The Scope Management Plan documents:
a) Which product requirements will be incorporated
b) How project scope will be defined, developed, controlled, and verified
c) Which stakeholders are most critical for defining the project scope
d) High-level project scope deliverables
6. You would like to obtain information, quotations, bids, offers, or proposals from sellers as part of the Conduct Procurements process. In this process, which of the following is the most critical?
a) Determine whether a product should be purchased or manufactured in-house.
b) Ensure that prospective sellers clearly understand the technical and contract requirements.
c) Clarify the structure and requirements of the contract.
d) Prepare an independent estimate to verify the proposed price structures of the sellers.

What is Organizational Process Assets In PMBOK 5th Edition

You will find Enterprise Environmental Factors (EEFs) and Organizational Process Assets(OPAs) very frequently while going through the PMBOK5th edition and therefore firm understanding of the topics is required. Here we will discuss the Organizational Process Assets.
Asset: Any tangible or intangible thing that can be owned or controlled to produce value for us is called an Asset for us. For example my house which I use to live is an asset for me, and so my car is which I use to commute etc.
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Similarly an organization has assets in terms of process policies and knowledge base which becomes mature with the time. Organization invests in creating all these process, policies and knowledge bases so that it can help the organization wherever it is needed and thus called Organizational Process Assets.
Let me give a real example: One of my friend in my last organization was assigned a finance related project and he had to develop a detailed risk management plan. He was not experienced enough in doing that and therefore he approached me. I asked him to go to our company’s knowledge base and get one template for the same and then develop his own. And after few days I saw his name in one of the best PM of that quarter. See how helpful the knowledgebase can be for anyone who needs it and that’s why we call it Organization Process Assets.
Organizational Process Assets has important role in project’s outcome and with the time it grows and becomes more and more mature.
As per PMBOK the Organizational Process Assets is divided in two categories
  1. Processes and procedures
  2. Corporate knowledge base
 

PMP Passing Score For PMP Examination (Myths Vs. Facts)

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“Can you please let me know what the passing score for the PMP exam is? How many questions have to be answered correctly, out of 200 to pass the PMP?”

I got this email last week in my inbox. One of our subscribers asked this questions and I decided to provide him a detailed explanation on this. However, there are many myths roundabout the PMP passing score as many people talk about it differently. If you asked me “what is the exact passing score for PMP examination?”, my direct answer is – There is no pre-defined criteria mentioned by PMI® on this. It means – there is NO exact passing score for PMP examination. However, a long ago, there was 61.5 % passing score officially published by PMI®.

 HOW DOES PMI® CALCULATE PASSING SCORE?

Actually, PMI® determines passing score based on the difficulties of the set of PMP exam questions someone has answered. I have analyzed that – the best way to ensure your PMP exam is – to get minimum 75% to 80% in quality PMP Exam Sample Questions (click here to get free one full simulation test – 200Qs).The PMI no longer will officially state a passing score. They do not want us to study just enough to pass, they want us to really know and understand the PMBOK and the processes and why they exist.

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5 PMP Exam Preparation Tips That Really Work in Real PMP Certification Exam

You can start your study for the PMP Credential today! Simply follow our Step-by-Step PMP Study Plan, and prepare for the exam easily, without hassles. We have mentioned some best ways to study for PMP Exam

PMP EXAM STUDY PLAN

Preparing for the PMP exam is quite unlike what you did in school and college. Here the focus is not on memorization, but understanding the concepts, best practices, guidelines, and project management framework, as per PMI’s PMBOK Guide
Most of the people have heard about PMP from their friends or colleagues and are interested to gain the professional certification in Project Management. However, they mostly lack the experience of project management. Most have worked on small projects, and may not have been in a Project Manager position for a significant amount of time.
So, when it comes to preparing for the PMP Exam, you need to have a plan that is specific, practical, time-bound and achievable. Without a good game plan, you may simply be overwhelmed by the sheer amount of work, or just run out of steam mid-way. One good Study Plan for PMP that has been recommend to students here is as follows.

1. ENROLL IN PMP TRAINING WORKSHOP IN YOUR CITY –

You should quickly enroll pmp training program near your city. The length of the program will be either 4 days or 5 days. The main benefit is – it will give you a brief idea about exam pattern, what to study and etc.
In Delhi, you can go with the following pmp training institutes:
If you are unable to attend classroom session, you can attend via online.