PMP Preparation Tips

00:01 Welcome to this introduction module and this module, we're going to give you an overview of the Project Management Institute or PMI, the Project Management Professional or PMP credential, and also the PMBOK guide to start with the Project Management Institute.

00:16 It is considered to be the world's leading project management association.

00:21 It has over seven hundred and fifty thousand members and credential holders throughout the globe and over 200 countries.

00:29 Its key mission is making project management indispensable for business results. One of the key publications put out by PMI is the PMBOK guide, or to give it its full name, a guide to the project management body of knowledge.

00:45 The PMBOK guide is considered a Standard reference from PMI for managing any sort of project at all.

00:53 It contains a collection of five processes the initiating process planning process, executing process monitoring and controlling process and closing process.

01:06 It also has 10 knowledge areas.

01:08 These are the integration scope, time, cost quality, human resources, risk communications, procurement and stakeholder management knowledge areas.

01:21 The PMBOK guide is generally accepted as best practice of what is considered good in the profession of project management.

01:29 One of the things that is not it is not a methodology.

01:33 It is a framework document.

01:35 It has provided you with all the information you need to build your own tailored methodology from it.

01:41 And as such, it's not prescriptive in any way.

01:45 You are regularly encouraged to take from it only those parts which provide benefit to you and your project.

01:54 The PM Bot guide also does not capture the entire body of knowledge.

01:58 What it does is captures what most people would do most of the time and is considered good practice and the profession of project management.

02:07 Those parts of the body of knowledge that it hasn't included within it, it recognizes still as valid.

02:14 And may be useful to you as well.

02:16 Additionally, the PMBOK guide is also aligned with the internationally recognized standard ISO twenty one thousand five hundred.

02:27 The project management professional, or PMP credential, is considered to be the world's leading project management credential.

02:35 It is the minimum prerequisite for working in many industries and many countries around the world. What it does as an absolute minimum is indicate a solid foundation of readily applicable project management knowledge and also because of the eligibility criteria.

02:51 It indicates a minimum amount of time spent working as a project manager.

02:58 The PMP credential itself, once you've obtained it, is valid for three years. The exam is not based on the PMBOK guide, as most people think it is, in fact, based on the results of a regularly updated roll delineation study, which captured the tasks a competent project manager is expected to be able to perform.

03:21 The PMBOK guide, though, is a great way to study towards the PMP credential. Unlike university degrees, the PMP certification will lapse after three years, as I've already mentioned.

03:34 If you wish to keep it during that three year period, you must earn at least 60 professional development units or PDUs.

03:42 If you do earn those 60 PDUs during that three year time, you get to retain their credential. You also can't hide the fact whether you've got it or not, as your name will be searchable on a publicly available database on the PMI website. Getting professional development units just takes regular commitment to your own professional development.

04:06 The PMP exam itself contains 200 MultiChoice questions.

04:12 You are given four hours to complete the exam, so that's 72 seconds per question. Now some questions you'll do in less than 72 seconds, and some questions will take you more than 72 questions 73 seconds.

04:28 We don't know what the past Mark is, and you'll only be told whether you pass or fail.

04:33 The scoring itself is using the modified Angoff scoring technique.

04:38 Keep in mind that the PMP exam, it's not an easy exam, and as I've said already, it's not based on the PMBOK guide, but on the results of a regularly updated roll delineation study.

04:49 And all of this information can be found in a PMP examination specification outline available from the Project Management Institute website.

04:59 The contents and compilation of the PMP exam complies with ISO seventeen thousand twenty four.

05:05 Much like many other professional certifications.

05:10 And it is a difficult exam, and if you don't study, you won't pass.

05:17 For those people who perhaps don't have enough eligibility to set the PMP, there is the Certified Associate and Project Management Credential or the CAPM or CAPM credential.

05:29 It's considered to be an entry level credential for those who don't yet meet the eligibility requirements for the PMP.

05:37 It's valid for five years only and can't be renewed.

05:41 The assumption is, during this five year period, you would get the eligibility required to set the PMP.

05:49 The CAPM or CAPM exam is based on the contents of the PMBOK guide.

05:57 The CAPM exam has one hundred and fifty MultiChoice questions.

06:02 You have three hours in total, 72 seconds per question.

06:07 You will be told whether you pass or fail, you won't be given a mark, we don't know what the mark exactly is.

06:13 It is not really a difficult exam.

06:16 It is based on the PMBOK guide.

06:18 And once again, in order to pass it, you must study.

06:24 When it comes to the exam results, you will only be told whether you pass or fail the exam not given any sort of mark for the PMP exam.

06:34 You will be told in each of the five domain areas it's initiating Planning, executing, monitoring and controlling and closing.

06:42 You'll be told whether you're proficient, moderately proficient or below proficient in each of those areas for the CAPM or CAPM credential.

06:51 You'll actually receive your mark in each of the ten knowledge areas out of the PMBOK guide, and once again, you'll be told whether you're either proficient, moderately proficient or below proficient and those areas as well.

07:04 So thank you very much for listening to this introductory module.

07:07 I hope that we've given you a brief overview of the Project Management Institute, the PMP and the CAPM credentials, and also the PMBOK guide.