For the last several decades the PMI has been using Prometric for its exams. If you wanted to pass a PMI exam then, in most cases, you needed to do so at a Prometric testing center.
PMI announced that beginning July 1st 2019 it is moving to Pearson VUE for all its certification examinations worldwide (except for China).
What does it mean for you as an exam taker?
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The Complete Guide to ITTOs
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Whether you're just beginning your studies, or are well in to your journey to earning a Project Management Professional (PMP)® Certification, it's natural to feel a little insecure or intimidated by the seemingly endless PMP® ITTO that are diagrammed and discussed for each Project Management process. This one topic is probably responsible for more questions and anxiety for PMP® candidates than any other exam-related topic.
I have good news for you: understanding PMP ITTO and their relationships are logical, easily done, and this complete guide will show you how to understand and make ITTO your ally when taking the Exam.
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Sample Question and Answer
A project manager is developing a cost management plan and needs to determine the best source of funding for a project that is dictated by a legal requirement. The cost of capital is estimated at 9.7% for non-dividend paying equity, 6.7% for debt, and 5.1% for self-funding.
The NPV of the project is $500,000 with an opportunity cost of $750,000. What is the project manager's best course of action?
A. Fund the project with equity since there are no dividend obligations
B. Select the self-funding option since it provides the lowest cost of capital
C. Perform an alternatives analysis since there are multiple factors to consider
D. Recommend the termination of the project since another project has a higher NPV
HINT: What tool or technique associated with the Plan Cost Management process might be helpful in this situation?
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Lessons Learned from Hector Pureco, PMP
"...I was very clear that the BEST tool in my box was the PM Exam Simulator. Even 10 question quizzes. It was evident that as valuable as the videos and the books were, the concepts and everything were better ingrained after seeing them on exams. So, I went ahead and started quizzing on the Simulator as
often as I could. 10, 20, 30, 50 questions at the time. In fact, after getting comfortable that the 4 hours were going to be plenty for me based on all the exams I had done to this point, I preferred to do quick ones, so I could get feedback and review the explanations on the wrong answers faster..."
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Student Profile: Jibril Babatunde, PMP
"...In the last week before the exam, I would recommend the students to practice valid sample questions frequently. I will advise students to solve three complete The PM Exam Simulator exams every two days. Then students should also skim through their preferred practice book. I would
recommend Rita's book. By combining Rita's book with the PM Simulator, students will be fully prepared for the real exam..."
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The PM Exam Simulator is your realistic online environment to help your prepare for the PMP exam and pass on your first try!
This video explains the 5 top features of the simulator that help you pass the PMP exam.
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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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