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Nineteenth Edition © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Pre

Nineteenth Edition © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 1 Farndale’s PMP ® and CAPM ® Preparation Guide Nineteenth Edition To accompany the PMBOK® Guide 4th ed. Keith Farndale, MBA, PEng, PMP, EVP © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 2 Copyright © 2011 by Procept Associates Ltd. Anybody can access the latest version of this booklet in PDF form for free. Send your friends to www.procept.com. The copyright holder permits the downloading of this document for personal use in both paper and electronic forms, but reserves all other rights pursuant to the Copyright Act. Commercial use is only allowed by written permission. How to reach us: Procept Associates Ltd. Telephone: (416) 693-5559 1234 Kingston Road, Suite 125 Web site: www.procept.com Toronto, Ontario M1N 1P3 E-mail: info@procept.com Canada INSIDER TIP: Be sure to enroll for our occasional PMP Intelligence messages! Keith Farndale sends you reports from other exam writers, answers questions about exam content, and passes on the latest information about the PMP and CAPM exams. Go to http://www.procept.com/ and sign up for the e- newsletter. And at http://www.procept.com/pmresources.html, you can also access our free “Practice spreadsheet for the on-line PMP application”. Be sure to let us know how the exam goes for you! © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 3 Contents The Purpose & Scope of this Booklet 4 About the Author 4 About the PMP® and CAPM® 5 Benefit from our Preparation Courses 5 The PMP® and CAPM® Examinations 6 The Examination Process 6 The PMP® Examination 6 The CAPM® Examination 7 The Nature of the Questions 8 How to Answer Multiple-Choice Questions 9 Recurring Project Management Principles in the Exam 9 Sample Tests Can Help You Prepare 10 Studying for the PMP® and CAPM® Exams 10 Exam Content 12 Knowledge Areas 14 PMP® and CAPM® Practice Exam 17 Sample Questions 18 Answers to Sample Questions 73 Where to Get More Workbooks and Sample Tests 81 © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 4 The Purpose & Scope of this Booklet This booklet will help you prepare for the Project Management Professional and the Certified Associate in Project Management examinations. It is intended to supplement information published by the Project Management Institute (PMI®). The early part of this booklet describes the examination and the examination process, provides tips for answering multiple-choice questions, and suggests a study process. The final section of the book contains a practice exam, followed by the answers to the questions. Unlike in the real exams, our questions are organized according to the knowledge areas of A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Grouping project management knowledge into the knowledge areas helps focus your thinking about project management, and helps you organize your preparations for the examinations. Of course, it is essential for you to visit the PMI® web site, www.pmi.org, and we suggest that you talk to others who have taken the exam. About the Author Keith Farndale, MBA, P.Eng., PMP, EVP is President of Procept Associates Ltd. – a team of trainers and consultants in project management, business analysis and IT service management based in Toronto, with customers across Canada, and in Africa, USA, South America, UK and the Middle East. Procept offers regularly-scheduled training, including PMP® exam preparation, through the University of Toronto, University of Waterloo, Simon Fraser University, University of Calgary, Dalhousie University, Bank of Montreal, TD Bank Financial Group, AMEC, Land Surveyors’ associations, and to other organizations in Canada and abroad. Keith is an adjunct lecturer in project management in M.Eng. program at the University of Toronto. Prior to his current roles, Keith enjoyed a career in the management of industrial engineering and construction projects. He has been President of the Southern Ontario Chapter of the Project Management Institute, receiving an Outstanding Contribution Award. He is active in the Project Management Association of Canada (part of IPMA) and AACE International. © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 5 About the PMP ® The Project Management Professional began in 1984. It requires prior experience leading and directing project management tasks, a minimum amount of project management training or education, and requires passing the examination. The exam consists partly of knowledge questions that test your recall, and with many more “situational” questions that test your judgment at applying that knowledge. Salary surveys by PMI indicate that PMP ®- designated project managers earn higher salaries than project managers without the designation. About the CAPM ® The Certified Associate in Project Management was introduced in 2003 and revised in 2005. It is intended to be an entry-level credential. Compared to the PMP ® exam, it has only recall-based knowledge questions, and only a very few situational questions. The CAPM ® is designed for people who have insufficient experience to qualify for the PMP ® exam, and who may have little or no project management experience. Both exams test your knowledge of generally accepted project management principles and techniques that can be applied in any industry. Benefit from our Preparation Courses Consider attending our 6-day Comprehensive Project Management Seminar, available directly from Procept or through one of our university partners. This course can be presented by us as an in-company course anywhere. Or consider Procept’s intensive 3 to 5 day PMP ® and CAPM ® Preparation Seminar. This course assumes that candidates are well along in their preparation and just need a “cram” review. It is available as an in-company course anywhere. For example, we regularly present this course to TD Bank and Bank of Montreal. For more information, go to www.procept.com, info@procept.com, or call us at 416-693-5559 for details about these or our many other courses. © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 6 The PMP ® and CAPM ® Examinations The Examination Process  The examination is administered at a computer workstation at Prometric testing centres around the world. Go to www.2test.com to see the list of locations. Be aware that your chosen centre may be booked up, and you may have to wait 4-8 weeks to get a booking. Exam-takers report that the on-screen examination process works very well.  The exam includes an initial on-line tutorial to make you familiar and comfortable with the process. Do it! In fact, you can ask for a second tutorial session.  At any time, you can “flag” questions, and you can go back and review the flagged questions, or review all of the questions. When you reach the end of the exam, you will be prompted with choices to review the questions you had marked as well as the questions you have not yet answered (highlighted in red), or to finish the examination. When you finish, you will receive your result immediately. The PMP Examination  The PMP examination lasts 4 hours and consists of 200 questions. Many people need only about 3 hours to complete the exam. You will have time to SLOW DOWN and read the questions properly. But carefully track your time – occasionally some people do take the whole 4 hours for their first pass through the exam.  The PMP passing grade is approximately 61%. PMI has said they wanted to design the exam so that about 70% to 75% of exam-writers will pass the exam.  Prior to the PMP exam change in September 2005, the average grade had been reported by PMI to be 73%. PMI reported to us in 2003 that 79% of first-time PMP exam-takers passed the exam. For our own Procept courses, we have documented that more than 94% of our reported candidates have passed the exam on their first attempt.  After you attain your PMP® designation, you will be required to follow PMI’s re-certification process in order to retain the credential. Re-certification requires that you be engaged in professional development activities such as attending further courses. Courses you take prior to your PMP do not count. © 2011 Procept Associates Ltd. Farndale’s PMP® and CAPM® Preparation Guide 7  Each PMP® examination question relates to one of the five “process groups” in the PMBOK ®Guide. The questions are selected in the following proportions:  Initiating 13%,  Planning 24%,  Executing 30%,  Monitoring and Controlling 25%,  Closing 8%. The CAPM® Examination  The CAPM® examination is shorter, lasting 3 hours with 150 questions.  The passing grade is 65%. Results have not been made available to indicate what proportion of candidates actually passes the exam.  There is no re-certification for the CAPM® – the designation simply expires after 5 years. PMI expects that by that time you will be ready to write the PMP® exam.  The proportions of CAPM® exam questions are as follows:  Framework and processes (PMBOK® Guide chapters 1-3) 19%  Integration (PMBOK® Guide chapter 4) 11%,  Scope (PMBOK® Guide chapter 5) 11%,  Time (PMBOK® Guide chapter 6) 11%,  Cost (PMBOK® Guide chapter uploads/Management/ farndales-guide.pdf