1. Understand the flow of 5 process groups (Initiation, Planning, Execution, Monitoring&Control, Closing) - Refer PMBOK for this material
2. Knowledge on key concepts in 9 knowledge areas (Integration, Scope, Time, Cost, Quality, Procurement, Human Resource, Risk, and Communication) - Refer PMBOK, Rita Mulcahy, any other material.
3. Practice questions from Rita Mulcahy and other free/paid online material would be a great help for the preparation. You take a mock test for 4 hours and test your knowledge when you are close to the exam date, so that if any areas that you are not strong, you will have an opportunity to prepare for some time
4. Always Always do a group study, this will reduce more than 50% of your prep time
5. You have about 50% of the questions are situational based, so it will be hard to find a definite answer, what is the best way to answer them?
You can follow two important methods:
5.1. Elimination of choices: how can you eliminate two bad choices out of four? If you have gone through the material good enough then it would be VERY easy to elimite two wrong ones
5.2. Read the question: Out of the two choices, you can pick the correct choice by reading the question carefully
Following these two steps, almost always you can able to pick the correct answer.
6. Pay a special attention to Time, Cost, Integration, Risk management areas. The questions in these areas are almost direct and easy to answer.
7. Know these important concepts without any glare!
7.1 WBS (Work Breakdown Structure)
7.2 Stakeholders and their respective roles
7.3 Network diagramming methods, Critical Path, Lead/Lag
7.4 Types of Costs, Cost vs Budget, Cost calculations
7.5 COQ/COPQ
7.6 How processes are integrated? which process output becomes an input to next process? etc.
7.7 Type of organizations, Functional - Balanced - Projectized
7.8 Communication channels n(n-1)/2, Types of communication (Direct, Indirect, Written, Oral, Formal, and Informal) - you should know where to use what type of communication
7.9 Procurement types (Time & Material, Fixed Cost, Cost Plus Fixed Fee, Cost Plus Percentage etc.)
7.10 Team development, Acquiring a team
8. Spread your study time in three months, 1 hour each day (this shouldn't be difficult committment). It's probably a less than 20% of your TV time every day :-(
9. Best way remember PMI concepts, pick a sample project and do all the process steps. Do it as a group, you will have FUN and Learn
10. Follow the above 9 steps, you will get PMP certification
Happy Learning...
Sameer Penakalapati