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PMP" Exam PrepAccelerated Learningt o Pass PMl's PMP Exam On Y o u r FIRST Try!Rita Mulcahy, PMP

Table of ContentsIntroduction to the Fifth Edition of PMP Exam PrepviiChapter 1: The PMP ExamWhy Take the PMP Exam?Are You Ready for the PMP Exam?How to Use This BookOther Materials to Use to Study for the PMP ExamHow to Study for the PMP ExamYour Step-by-step Study PlanQualifying to Take the ExamApplying to Take the ExamWhat Is the PMP Exam Like?On Exam DayTricks for Taking the PMP ExamRecurring Themes-PMI-isms to Know for the PMP ExamCommon Project Management Errors and PitfallsChapter 2: Project Management FrameworkPractice ExamChapter 3: Project Management ProcessesRita's Process ChartRita's Process GamePractice ExamChapter 4: Integration ManagementKita's Process Chart-IntegrationProject CharterPractice ExamManagementChapter 5: Scope ManagementRita's Process Chart-ScopePractice ExamManagementChapter 6: Time ManagementRita's Process Chart-TimePractice ExamManagementChapter 7: Cost ManagementRita's Process Chart-CostPractice ExamTime and Cost GameManagementChapter 8: Quality ManagementRita's Process Chart-Quality ManagementPractice ExamChapter 9: Human Resource ManagementRita's Process Chart-HumanPractice Exam0 2005 Rita Mulcahy, P M PResource ManagementPhone: (952) 846-4484E-mail: infoQrmcproject.comWeb: www.rmcproject.comQ

Chapter 10: Communications ManagementRita's Process Chart-CommunicationsPractice ExamManagementChapter 11: Risk ManagementRita's Process Chart-Risk ManagementPractice ExamChapter 12: Procurement ManagementRita's Process Chart-ProcurementPractice ExamManagementChapter 13: Professional and Social ResponsibilityRita's Proce2s Chart-Professional and Social ResponsibilityPMI's PMP Code of Professional ConductPractice ExamAppendixIndexO 2005 Rita Mulcahy, PMPPhone: (952) 846-4484. E-mail: info@rmcproject.com Web: www.rmcproject.com

Introduction to the Fifth Edition of PMP Exam Prepby Rita Mulcahy, PMPThank you for purchasing the latest edition of the original PMP Exam prep book, whichpaved the way for accelerated learning in the industry. Our materials have been used inmore than 40 countries as the primary tool for passing the exam since we created the PMPexam prep book market in 1998.I am glad that you chose to let us help you get ready for the exam faster, and withoutfocusing on memorization. I have enjoyed coming up with devilish ways for you to getready for the exam faster and easier. I hope you enjoy this edition!I have a particular aversion to using memorization to pass an exam, don't you? That is whythis book is full of learning, not memorization. The funny thing is that while others forceyou to memorize, you can actually spend the same amount of time learning instead andpass the exam.After working with thousands of people, I have perfected what my students say is the mostefficient and shortest process for studying for the exam! You should not need to study morethan 120 hours using our products if you have had project management training.Although you will certainly learn a lot about project management, this book is not designedto teach you all you need to know about how to manage a project, or the art and science ofproject management. You must have project management training before you take the exam.In order to get the most out of your efforts and save time studying, this book has beenspecifically designed to accomplish the following:Help you learn, not just memorizeFocus you on the areas where others commonly score the worstHelp you determine your knowledge gapsProvide insider tips about the exam that are not readily available elsewhereReview topics not in the PMBOK" GuideIdentify and define PMI-ismsHelp you to gain familiarity with the types of exam questionsProvide page references to PMBOK' Guide contentIncrease your probability of passing the exam on your first tryIf you have had training in project management, you should not need any materialsother than this book, RMC's PM FASTrack" exam simulation software, our Hot Topicsflashcards (audio or hard copy format) and PMI's A Guide to the Project ManagementBody of Knowledge, 7hird Edition (called the PMBOK" Guide in this book) to pass the PMPExam. If you do not have all of these materials, I invite you to visit RMC's online store atwww.rmcproject.com to purchase them before beginning your study.Free Updates Purchase of this book includes access to updates regarding the PMPexam, as well as additional tricks, tips and information to help you prepare for the exam.Access this information at www.rmcproject.com/extras. Have this book with you when yougo to the Web site.0 2005 Rita Mulcahy, PMPPhone: (952) 846-4484E-mail: infoQrmcproject.comWeb: www.rmcproject.com

We Need You to Help Us Stop Copyright InfringementAS the authorof the best-selling PMP exam prep book on the market, RMC is also, unfortunately, themost illegally copied. It is true that many people use our materials legally and with ourpermission to teach PMP exam preparation. However, from time to time, we are madeaware of others who copy our exam questions, Tricks of the Trade" and other contentillegally and use them for their own financial gain.If you recognize any of RMC's proprietary content being used in other PMP exam prepmaterials or courses, please notify us at copyright@rmcproject.com immediately. We willd o the investigation. Please also contact us at the address above for clarification on how touse our materials in your class or study group without violating any laws.C0nf act US We love to hear your feedback. Is there anything in this book that you wishwas expanded, that is too much, anything not covered that you think should be here? Wewould love to hear from you. Send us an email at pmp@rmcproject.com."Tricks of the Trade" and "PM FASTrack" are registered trademarks of RMC ProjectManagement, Inc."PMP," "PMBOK," "CAPM," "OPM3," and "PMI" are marks of the Project ManagementInstitute, Inc. RMC Project Management has been reviewed and approved as a providerof project management training by the Project Management Institute (PMI). As a PMIRegistered Education Provider (R.E.P.), RMC Project Management has agreed to abide byPMI-established quality assurance criteria.PMI did not participate in the development of this publication and has not reviewed thecontent for accuracy. PMI does not endorse or otherwise sponsor this publication, andmakes no warranty, guarantee, or representation, expressed or implied, as to its accuracyor content. PMI does not have any financial interest in this publication and has notcontributed any financial resources.4iBO 2DD5 Rita Mulcahy, PMPPhone: (952) 846-4484E-mail: info@rmcproject.com Web: www.rmcproject.com

Rita Mulcahy, PMP, is an internationally recognized expert in project managementand a sought-after project management speaker, trainer and author. She has six projectmanagement books and products to her credit, and was a Contributor and Reviewer tothe PMBOK" Guide, B i r d Edition. Rita has taught thousands of project managers fromaround the world and helped about 80,000 people prepare for the PMP exam. She is thewinner of the 2004 Professional Development Product of the Year award from the ProjectManagement Institute for her book, Risk Management Tricks of the Trade" for ProjectManagers and its companion, SIRK-Kit" Risk Analysis Kit.Rita's speaking engagements draw record crowds. People have stated: "Rita makes youthink! The most informative presentation I have ever seen." In fact, Rita has spoken at PMI'sannual project management symposium to standing room only crowds and has been askedto present encore presentations at the symposium for an unheard of four years!She has over 15 years and U.S. 2.5 billion of hands-on project experience on hundreds of IS,IT, new product, high-tech, service, engineering, construction and manufacturing projects.She has served as an acting PMI Chapter President and Vice President for more than sevenyears and has taught project management courses for four major universities.Rita is the founder of RMC Project Management, an international project managementspeaking, training and consulting firm, and a Global Registered Education Providerwith PMI. RMC specializes in real-world project management training; in interpretingthe PMBOK" Guide for real-world use and helping companies use the latest projectmanagement tools and techniques to complete projects faster, with less expense, betterresults and fewer resources. RMC provides training in basic and advanced projectmanagement for team members, project managers, project management offices and seniormanagement. Since its founding in 1991, RMC has provided many quality courses andproducts to prepare you for the exam. Courses offered include:PMP Certification TrainingProject Management Tricks of the Trade"Tricks of the Trade" for Risk ManagementTricks of the Trade" for Determining and Managing Project RequirementsWhat Makes a Project Manager Successful?Why Projects Fail and How to Prevent FailureTricks for Avoiding Common Project ProblemsAvoiding Common Stumbling Blocks in Risk ManagementProject Management for Teams, Senior Management, Sales and Functional ManagersExecutive Briefing on Project ManagementSetting Up and Managing the Project OfficeAll PMI PMBOK" Guide Subjects-O 2005 Rita Mulcahy, PMP Phone: (952) 846-4484E-mail: info@rmcproject.comWeb: www.rmcproject.com

'The PMP ExamWhy Take the PMP Exam?Let me quote one of my students. "The exam has changed my life. (Could I be moredramatic?) The process of studying for the exam, taking yourclass and passing theexam has changed how others look at my abilities."By passing the exam, you can say that you have passed an international exam designedto prove your knowledge of project management. That is impressive. Since the examfocuses on situations you might see in the real world, passing also indicates that you areexperienced. The PMP certification is a way to set yourself apart. There are other benefits.PMI's salary survey has found that PMPs are paid at least lo percent more than nonPMPs in the United States (and even more in some other countries). I have had manystudents who have received a U.S. 15,000 bonus AND a 15 percent raise when theypassed the exam. Others have said they got a job over 200 others because they were aPMP. These are good reasons to finally get around to taking the exam.Are You Ready for the PMP Exam?From my experience, 50 percent of those who fail the exam d o so because they havenot had project management training that uses PMI terminology. Take this seriously!Real-life experience or just reading the PMBOK" Guide is not enough to pass this exam!Books cannot help you answer questions like, "You are in the middle of creating a workbreakdown structure for the project. Which of the following problems is most likely tooccur?" To pass this exam, you need training as well as experience using what you learnin that training. Since 2002, project management training has been required by PMIbefore one can take the PMP exam.Do you know enough about project management to take this exam? You do not knowenough if you experience two or more of the following problems on projects:Large cost or schedule overrunsUnrealistic schedulesExcessive changes to the scope or schedulePoor communications and increased conflictRunning out of time near the end of the projectUnsatisfactory qualityLow moralePeople on the team are unsure of what needs to be done.O 2005 Rita Mulcahy, PMP Phone: (952) 846-4484 E-mail: infoQrmcproject.comWeb: www.rmcproject.com