PMP Exam Prep 2023: Key Information

Essential concepts for the PMP Exam based on Rita Mulcahy's 11th Edition

ECO Domains Chart

Check out the ECO domains chart here:

ECO Domains

The PMP exam is based on three domains: People (42%), Process (50%), and Business Environment (8%).

  • People: Leadership, team building, conflict management, stakeholder engagement.
  • Process: Planning, executing, monitoring, and controlling scope, schedule, cost, quality, and risks.
  • Business Environment: Align projects with strategy, ensure compliance, deliver value.

Methodologies

Understand predictive, agile, and hybrid approaches, with 50% of questions on agile/hybrid.

  • Predictive: Detailed planning, WBS, Critical Path Method, Earned Value Management.
  • Agile: Scrum roles, sprints, backlogs, delivering value iteratively.
  • Hybrid: Combines predictive and agile based on project needs.

Core Processes

Master the 49 processes across five process groups, especially scope, schedule, cost, and risk.

  • Scope: Work Breakdown Structure, scope baseline.
  • Schedule: Critical Path Method, float calculations.
  • Cost: Earned Value Management (CPI, SPI, EAC).
  • Risk: Qualitative and quantitative analysis, risk response strategies.

Test-Taking Strategies

Use Tricks of the Trade® to navigate tricky, scenario-based questions.

  • Eliminate incorrect answers by identifying distractors.
  • Focus on the “best” answer, even if multiple options seem correct.
  • Understand PMI’s perspective: proactive, ethical project managers.
  • Look for keywords like “first,” “next,” or “best.”

Ethics

Adhere to PMI’s Code of Ethics in situational questions.

  • Handle conflicts of interest ethically.
  • Maintain transparency with stakeholders.
  • Respect cultural and legal standards.

Tools and Techniques

Master key tools like EVM, CPM, and stakeholder analysis.

  • EVM: CPI = EV/AC, SPI = EV/PV, EAC calculations.
  • CPM: Calculate critical path, total/free float.
  • Risk Analysis: Probability-impact matrix, EMV.
  • Stakeholder Analysis: Power/interest grid.

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