Dan Ryan will be holding a FREE 1 hour PMP exam training webinar on August 14, 2018 starting at
12:00 noon EST.
In this completely free PMP Training Webinar, Coach Dan Ryan will demonstrate strategies and techniques that you will not find anywhere else which will be of great
assistance to you in passing the PMP exam.
Do not miss this class! Make sure to allot 1 hour of your time on August 14th to attend this free webinar! Oh, by the way, all attendees will receive a very special and valuable and totally FREE PMP study aide upon completion of the webinar.
Save 10% on The PM Exam Simulator
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Valid Through August 31, 2018
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Free PM PrepCast Lesson #6: Overview of Project Cost Management
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This lesson is the introduction and overview to the Project Cost Management Knowledge Area. We review the definition, glance at the four processes (Plan Cost Management, Estimate Costs, Determine Budget and Control Costs), and we discuss trends, agile and tailoring considerations for the knowledge area.
We answer the question "When can you estimate the cost of a project with 100% precision?".
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Sample Question and Answer
You are managing a renovation project of a vintage house which is to be completed in 12 months on a budget of $100,000. You are 6 months into the project, and you have spent $60,000, but only 40% of the work is completed.
How much more will it cost to complete the renovation if the cost performance remains unchanged?
A. $171,940 B. $120,000 C. $149,254 D.
$89,254 HINT: Determining how much more it will cost to finish the project is the ETC.
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Lessons Learned from Augusto James
"I just back from the testing center with a big smile, as I was able to pass my PMP® exam on the first pass! Advice #1: Take your time, prepare for the test, and once you feel you have a good understanding submit your application and that way you will have 1 whole year to take the test (3 times if needed) Advice #2: Rita's PMP® Book for me I went over this book twice (last time just a few weeks prior to
my test) Advice #3: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Sixth Edition - I went over this one once. Advice #4: PM PrepCast Simulator: Wow I did over 1500 questions and when I had concerns or questions marked wrong I made sure I studied them all and followed it with the PMBOK® Guide. This was a great help, it allowed me to think in terms of Project Management Institute (PMI)® and understand the reasoning behind the
questions. Advice #4 : Mare sure you understand the 49 Processes in the PMBOK® Guide, the following link was helped memorize them and learn." Read more...
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How is your PM PrepCast experience?
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We would like to ask a few minutes of your time to post a quick, honest and lovely review of your experience as a PM PrepCast student. Thank you for your time. :)
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Student Profile: Chakarin (Keith) Yoswattana, PMP
"...In the last week before the exam, spend 5 days on nothing but high-quality mock exams. However, rather than the typical “Hey, I got this answer wrong, let me check the right answer or read it again” you need to go beyond that and truly understand the situation and thinking that Project Management Institute (PMI)® is trying to elicit to get you to choose that answer. The way the PMBOK® Guide Sixth Edition exam is
structured the questions will be direct but slightly vague so you will need to understand the methodology and situation more than anything. Ask yourself repeatedly WHY did they choose this answer, what was the logic? Was there a time constraint? If you can imagine yourself in the scenario it will make things clearer for the exam..."
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Kudos to our students who passed the PMP exam!
- Rehan Azmat, PMP
- James Ayers, PMP
- Rejit Menon, PMP
- Andrei Publico, PMP
- Fedir Ruzhynskyi, PMP
- Jesper
Raflores, PMP
- Partheev Sharma, PMP
- Raghavendra Sorab, PMP
- Christopher Dieter, PMP
- Cynthia Lim Louis, PMP
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PMI, the PMI Registered Education Provider logo, PMBOK, PMP, PgMP, PfMP, CAPM, PMI-SP, PMI-RMP, PMI-ACP, and PMI-PBA are registered marks of the Project Management
Institute, Inc.
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