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16

Head First PMP - By far the best book, and one of the best series as well. It might seem a bit silly at the beginning, but the hands on approach and explenation with images is really great in these books. Head First PMP: A Brain-Friendly Guide to Passing the Project Management Professional Exam Head First PMP offers 100% coverage of The PMBOK® Guide ...


11

The MBA degree and the PMP (or similar) credential can't really be compared in an either-or way, as they have different goals and requrements. Speaking very generally now, it is reasonable to assume that someone with an MBA and not a PMP credential may not have a skillset that reflects the Project Management Body of Knowledge (PMBOK), and someone with a ...


10

Your best source of information is the PMP Handbook. If you are going to go for your PMP take the time to review and understand what is required, doing so will help maximize your chances to succeed. In the eligibility of the PMP certification it mentions "35 contact hours", I have searched on this for my local region and it seems to be that some training ...


10

I respectfully disagree with @DavidEspina. I don't think his answer is fundamentally wrong, but it doesn't match my answer. During project initiation (or in some contract work, prior to project initiation) you determine the scope of work. This is the box inside which all requirements must fit. The project sponsor and project management team must strongly ...


9

I prepared for the PMP exam doing self-study, just using the PMBOK plus Kerzner's book Project Management: A Systems Approach to Planning, Scheduling, and Controlling (the PMBOK is light in that area). When it comes to resources for PMP preparation, it's very much down to your individual learning style: if you have experience as a PM and are disciplined at ...


9

Let's put on your boss' hat for a moment. Their goal is to hire best possible candidate, given all the constraints they have. By the way: it doesn't mean simply hiring the most skilled person, as they may or may not need to take into consideration things like: Salary they're willing to pay How the decision affects company culture, e.g. showing that they ...


8

An aspect of the work experience documentation that is often confusing for people has to do with overlapping projects. Here’s the simplest way I’ve found to explain it: PMI is looking for two things regarding work experience on the application: a number of unique months and a total number of hours of leading and directing. Earlier posts handled the leading ...


8

Product Specifications vs. Project Scope One assumes that you're not looking for dictionary definitions. We have Merriam-Webster and Wikipedia for that. For practical differences, I would suggest the following perspective: Requirements Requirements are the things your project needs built, and specifications are the instructions for what the things you want ...


7

PMBoK is a toolbox. It's full of useful tools. Think of the project manager as a carpenter. He gets certified to use every tool in the toolbox. It doesn't mean they're going to use each one when building a piece of furniture.


7

The good news is, project management experience is a useless predictor of future success. The validity of that criterion is very low. The bad news is, it is used the most and relied upon as a heavily weighted criterion (Hunter & Hunter, 1984) and you cannot give them an employee selection tutorial during your interview. There is no formula anyone here ...


7

Crashing is simply the concept of throwing more resources--be it money, tools and machinery, humans, etc--at a work package in an attempt to decrease its overall duration. The general idea is, if you planned 10 days with one person to do a task, then applying a second person will decrease the duration to five days. The issue is, this does not work that ...


6

Welcome to the club then, Aaron! I'm following such a path myself.  These questions have a lot of viable answers out there. Let me propose a few sources: http://pmstudent.com/ http://www.slideshare.net/mobile/pmpodcast http://www.squidoo.com/pass_pmp_exam http://www.cornelius-fichtner.com/index.php/pmp And here is a more direct answer... Personally, I ...


6

PMP is focus only on Project Management. Project could be in any industries not only software or Information Technology. PMP PMBOK Book provides a guidance to manage any projects from initiation to closure. It talks about 5 basic process groups Initiating Planning Executing Monitoring and Controlling Closing and 9 knowledge areas Project Integration ...


6

The issue with using formula is that it will provide an extremely precise, deterministic value that lives in a range of probabilistic values. Although extremely precise, no single formula will give you a high degree of accuracy, i.e., all formula have varying degrees of accuracy and thus are useful. But that means you need to use several of them so that ...


5

If someone is doing a university degree which does not include a formal project management subject/course and wants to get into the PM field, I believe it would be beneficial to have the CAPM (rather than wait to get the experience required for the PMP certification): it shows the applicant's motivation and eagerness to get into PM and demonstrates ...


5

I do not have experience with Exam Central, but here are a few of the resources I used. I passed it the first round. I really took as many free tests as I could find so that I did get variations. I never stuck with one practice site. The PM-Prep Cast Team makes great stuff, but it isn't free. I'm sure that they would have their site updated. http://www.pm-...


5

MBA, hands-down. An MBA will open up new perspectives on management and entire new areas. The PMP is focused on project management. Of course, as others have mentioned, there is a massive difference in cost and time commitment.


5

Don't throw every technique in the PMBOK at a project just because they're available. Part of the skill is knowing what tools and techniques you should use for which situations. From the pocket edition: "What is it not? it is definitely not a 'project management recipe book'. the project manager and the team remain ultimately responsible for deciding ...


5

I disagree with the concept that you do not need to hire the best possible candidate you can get. What you need is to find a candidate that meets your needs. If you have a team that is good about generating documentation, and self manages their productivity then if the best candidate is an organizer then that is not what you need. Your team is already ...


5

The scale of a project is determined in the first place by the scope of the project (both product and project scope), and derived from that also the number of resources that you will need, the time it will take, required quality, level of risk. And all of that has impact on the budget as well. So I wouldn't call the scale a constraint, but rather the result ...


5

If you are in the UK and are going to be dealing with government projects you are probably better going with PRINCE2. This has several advantages for you: It is the standard for UK government. They developed the method and still own it (though there have been some developments in this regard). It is also apparently heavily used in the private sector in the ...


5

TL;DR I probably would have picked "C" as well, but can see what they were trying to get at with their selected answer. I don't agree with it, but I can see the point. It's an academic answer that probably aligns with something in the PMBOK, but that doesn't mean it's either a great question or a great answer. Ivory Tower Answers Most tests, and ...


5

Expected Monetary Value (EMV) is an important part of risk management, usually used in large and complex projects to perform quantitative risks analysis. Probability is the measurement of the likelihood of the occurrence of any event. Impact is the amount that you will have to spend if any identified risk occurs. According to the PMBOK Guide 5th edition, “...


5

PMI publishes "PMI Today", which displays the number of Active certification holders. As of August 2015 there are 655,576 PMPs, and 28,826 CAPMs. Another up-and-coming certification is the Agile Certified practitioner PMI-ACP which has 8,870. The other 5 certification streams have less than 4k. All told a little under 700k. Keep in mind that some people ...


5

There are 2 requirements to appear for PMP certification - Project Management Experience 35 hours of Project Management Education Regarding Project Management Experience You need 4500 hrs of experience if you have done 4 years of degree (bachelors degree or equivalent). Other wise if you have a diploma of equivalent then you need 7500 hrs of experience. ...


4

To register for the exam as a non-member, it costs $555. To register as a member, it is $405, so the $150 difference is more then the $129 member registration. You are saving $21 and getting a membership for free. You get a digital copy of the PMBOK, which can print if you prefer. You also get a subscription to their magazine either digital or print ...


4

Agree with both @jcmeloni and @morons on their take. Here's something to consider: Cheapest option with potential $ gains quicker? - Maybe ask your management what it would look like to take on some management roles so you can get your 'feet wet.' Look internally for some job opportunities. This would help because you would already know the environment, ...


4

I have been developing software since 1995, and have been managing its development since 2006. I also hold both an MBA and PM from a reputable university. Honestly, I don't think you need either. If your intention (as you describe) is to "prepare" for an upcoming career in management, then I'd suggest you find an existing manager and shadow them, and, if ...


4

The idea behind a parametric estimate is that you establish the measurement you are interested in against a unit that is meaningful to you. They are using the term module to represent a unit in generic terms. The unit could be square feet or square yards, produce release, gallons, or something like that. You are essentially creating a ratio in the most ...


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