Free PDU for PMP

Dear All,

Found this interesting link which publishes the list of FREE upcoming Webinars. Most of the Webinars are entitled for claiming 1 PDU under category A. I myself have attended two of these sessions and they are excellent from learning point of view and claiming free PDU's by attending these sessions in entirety.

These webinars are conducted in tie up with Boston University Corporate Education Center by "Corporate Education Group". As these webinars are pre-registered with PMI  you can easily claim PDU after successfully attending the session.

1. http://www.butrain.com/events/webinar.asp

[ Point 2, 3, 4 Updated on 12th August 2011]
2. https://roederconsulting.webex.com/mw0306ld/mywebex/default.do?siteurl=roederconsulting
(1 PDU for each webinar)

Free 5 PDU's
3.  https://forms.netsuite.com/app/site/crm/externalleadpage.nl?compid=297888&formid=6&h=6654a65e8158ba483be9&ck=PXjDPM55AQBgWXAW&vid=PXjDPLZ5AcC3zGMS&cktime=96718&redirect_count=1&did_javascript_redirect=T

4. http://www.pduotd.com/   (announcements for webinars for pdu's)

Happy Learning !!
Keep Visiting for more information !!

PMP Exam Practice

Today I am posting some of the resources freely available on internet to check you preparations/readiness for the PMP exam. These are sample questions from the publisher/owner of these material and can be used without any extra cost or registering yourself on there website.

The full set can be purchased from the website if you want to have the entire set for your preparations.

Resource 1
http://www.headfirstlabs.com/PMP/pmp_exam/v2/quiz.html#

Resource 2
http://www.preparepm.com/mock1.html

Resource 3
http://www.edwel.com/courses/pmp-certification-exam-prep/pmp-exam-200-practice-questions

Resource 4
http://www.brainbok.com/#Quiz

Resource 5
http://www.mypmp.ie/

Resource 6
http://www.linkedin.com/answers/career-education/certification-licenses/CAR_CRT/151268-3054015?searchIdx=4&sik=1200579807219&goback=.asr_1_1200579807219

Resource 7
http://www.project-management-prepcast.com/index.php/freetry-it/sample-questions

Resource 8
http://www.oliverlehmann.com/pmp-self-test/75-free-questions.htm

Resource 9
Purchase Andy Crowe's Book and you will get access to lots of sample questions for your practice for 7 day's time. You can further get the subscription extended (beyond 7 days) if you want by sending an e-mail and paying a small fees.

Hope this post will be helpful.

Don't forget to share your comments.

All the best  !!

Opportunity Cost

This is a very simple concept but i got confused many times before the exam. So i am

posting some inputs together with some examples.

Opportunity Cost concept is used when your are selecting a project to execute from a set of multiple projects available in an organization bucket.

Opportunity cost is the value of the next best choice that one gives up when making a decision. 

Below are few examples to remember this concept

Example 1
If you are to choose between Project A valued at Rs 20,000 and Project B valued at Rs. 50,000. 
- if you select Project A, the Opportunity cost would be Rs. 50,000
- if you select Project B, the Opportunity cost would be Rs. 20,000

Example 2
If you are to choose between Project A valued at Rs 20,000 and Project B valued at Rs. 50,000 and Project C valued at Rs 80,000 

- if you select Project A, the Opportunity cost would be Rs. 80,000
- if you select Project B, the Opportunity cost would be Rs. 80,000
- if you select Project C, the Opportunity cost would be Rs. 50,000

If you are making a choice between more then 2 projects, OC will be the next best cost missed not the sum of all the projects which are not chosen.

Example 3 (from life)
if you are planning to buy mutual funds from W, X, Y, Z company.
 - Mutual Fund W gives a benefit of Rs. 10,000
 - Mutual Fund X gives a benefit of  Rs. 20,000
 - Mutual Fund Y gives a benefit of Rs. 30,000
 - Mutual Fund Z gives a benefit of  Rs. 40,000

So what will be the Opportunity Cost, if you make different choices
 - if you select Mutual Fund W, the OC will be Rs 40,000
 - if you select Mutual Fund X,  the OC will be Rs 40,000
 - if you select Mutual Fund Y,  the OC will be Rs 40,000
 - if you select Mutual Fund Z,  the OC will be Rs 30,000

Hope this post is helpful. 

Passed PMP

Summarizing my experience on the PMP exam below, hope it will be helpful to new aspirants

Though I was planning to take the exam from last one year but serious preparations started only after I sent my PMP application and made the fee payment and scheduled the exam for 24th Jan in October. The fee payment and scheduling the exam brought lots of seriousness and Discipline in my preparations.I prepared for 2.5 months and below are some inputs

1. Read PMBOK 4, at least 4 times, 2 serious readings and 2 just skimming the high level marked concepts. Every time i read I got more understanding and I feel it is the finest Book I have ever read & imbibed ...
2. Thoroughly understand the process on Page 43 of PMBOK, there is a PMIism that if someone wakes you up from sleep and ask you the process you should be able to tell them otherwise you are not ready for the exam. There is no need to memorize them just logically try to understand which i did and used to recall them while driving to office, just before bed or after waking up ..
3. Went through Rita's book twice (one thorough and one high level reading) and Andy Crowe's book just once along with Practice questions in both books.
4. 1.5 month before taking the exam I made a habit to take sample test regularly of 10, 50, 100 or many times 200 questions from the question bank which i got as part of 35 contact hours training or Rita's book, by purchasing Andy Crowe's book or this link http://pmp.groupsite.com/discussion/topic/show/37414
5. I maintained the score sheet to review my performance and I was consistently scoring between 72% - 90%. Taking exam just boost your confidence that you understand PMBOK process before you take the exam. I used to take the exam many times when television was on, just to simulate and be ready for a noisy situation during the exam (this little risk mitigation helped as One Hour after the exam the AC in the center started making lots of noise) but as I was accustomed this made no difference ...
6. Subscribed to pmprecast news letter which sends some very nice tips and questions daily..
7. Limited my resources to just PMBOK 4, Rita 6th edition and practice tests ... 
8. Lots of focus and discipline ...

Just before the exam 

1. 3 -4 days before the exam I confirmed my appointment with Prometric center, asked them directions, traffic conditions during day time near center ( as in Bangalore it is located between very busy place), parking space availability, what to bring in for identity etc ..
2. 3 days before the exam I just went through the highlighted points in PMBOK and Rita
3. Reviewed the formulas & concepts which i was planning to write during memory dump.
4. Tried to get some good sleep before the exam (which i could hardly get due to nervousness) 
5. I was scheduled for 2nd Half from 1 PM (it doesn't matter you take the exam in which shift it shall be totally as per your convenience). I left early and reached the center after driving for 1.5 hours around 11:30 AM .. then relaxed myself a bit
6. I entered the center at around 12:15, identity was verified and I have to submit all the items in the provided locker including mobile, watch, wallet, bag and even Jacket. Pockets have been emptied. Only thing allowed inside was the Passport. 
7. I was handed over the scratch paper with two pencils, made an entry in the exam hall. 
8. First 15 minutes is given to familiarize your self with the system, of which I used the 10 minutes to take the memory dump on the provided rest five minutes to know how to use the system. moment you complete the tutorial the exam will start. 
9. Took a deep breath and God's name and started the exam .... i was going through the questions steadily and completed the first 120 questions in 1 hour 40 minutes. Then took a 2 minutes break and then again completed remaining 60 questions and then again 2 min break. Then completed the exam and started reviewing the questions which i had marked. I completed the 200 questions in 2 hours 40 minutes, then reviewed the questions in another 20 minutes, marked questions were not more than 15. I had this habit of not reviewing all questions so as not to change the options which i practiced during the practice test session. (you can develop your own style during your practice sessions) 
10. Then finally I submitted the exam with my hands folded then the survey appeared which i finished in couple of seconds and then re-submitted for seeing the results. I just praying with hands folded and the those 2 - 3 seconds were appearing like hours. Finally I saw a page appeared with result as PASS  .. for first couple of seconds I could not understand the result and then realized that effort gone into preparations have paid off. I passed with "Proficient" rating and moderately Proficient in all the 6 process.  
11. During the exam lots of things were coming in mind but i tried to make sure that i remain focused. Did not try to take breaks more than 2 minutes so as not to loose tempo of the exam. It's a personal call depending on individual. (if required you can take more than 2 minutes)
12. Then Prometric guys gave me my pass letter in another 2 minutes .. 

Keep Visiting as I will be posting more on PMP and my leanings, topics which i found difficult, how I dealt with them and you can subscribe or follow the blog as well. 

Thank you for stopping by and reading 

All the Best !!

 

Regards, 

Hardesh Singh, PMP 

Disclaimer : All the Lesson learned mentioned above is as per the project (Read Passing PMP Exam) which I managed and learning's if any to be imbibed in future similar projects shall be at your own risk :)