PMP City

Articles, analyses, tips and tricks helpful to pass PMP exam | Easy ways to maintain your PMP credential

Date: Thursday, June 24, 2010
Time: 12:00 PM – 12:30 PM EDT
Reserve your seat at: https://www1.gotomeeting.com/register/510618985
System Requirements: Windows® 7, Vista, XP, 2003 Server or 2000, Mac OS® X 10.4.11 (Tiger®) or newer
Provider: PMCentersUSA.com

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Date: Thursday, June 17, 2010
Time: 12:00 PM – 12:30 PM EDT
Reserve your seat at: https://www1.gotomeeting.com/register/383929369
System Requirements: Windows® 7, Vista, XP, 2003 Server or 2000, Mac OS® X 10.4.11 (Tiger®) or newer
Provider: PMCentersUSA.com

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     There are different ways of getting your 60 PDUs (Professional Development Units). There are training programs, which can be expensive, but worth the money, if there are part of your professional development plan. In addition, there are PMI meetings that are less expensive, although more time consuming due to traveling to different events. If the networking is important for your business and personal development, this method should not be avoided. What should you do if your professional development plan does not include trainings that offer PDUs or if your business or job does not allow you to join the PMI meetings as often as you wish?

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     Have you passed your PMP exam? Congratulations! That is good news. You can go in vacation and celebrate, but keep in mind: the PMP certification is not for life. You need to re-certify yourself by earning 60 Professional Development Units (PDUs). If you do not plan for them as a real project manager does, and if you do not follow your plan, you risk losing your certification after three years. In this case, the only remaining solution would be to take the PMP exam again. That means loss of money, effort, and maybe facing different exam rules. The “PDUs” blog category will provide tips and directions to get your 60 PDUs without investing too much money and effort.

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     During the PMP exam, is possible to encounter questions related to Point of Total Assumptions (PTA). I think the PTA concept needs an additional introduction, due to its unpopularity in the practical usage. PTA is used strictly connected with Fixed Price Incentive Fee (FPIF) contracts. These types of contracts motivate the seller to control the cost, in order to maintain his profit, by sharing the risks between buyers and sellers, based on a dynamic formula.  However, FPIF contracts are not so “fixed” as the name implies. The only “fixed” part of these types of contracts is represented by the Ceiling Price, the highest price the buyer will pay in the worst-case scenario.

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We want to hear from you! Share with us your experience related to the PMP exam. Let us know what challenges you had, what methods and resources you used to prepare for the test, and how was the exam itself.

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