Monday, September 15, 2008

Free PMP Exam Questions?

For those who are looking for free PMP exam questions, I have just received an email and it contains a link to a site.

Looks like it is just a simple registration and you will have a list of questions available. For those who tried, please let me know the quality of the questions and whether they are actually free.

Saturday, September 13, 2008

Common Information Gathering Techniques

The common types of Information Gathering Techniques include:

  • Brainstorming
    Used to identify overall project risks or may focus in on the risks within a particular project segment or work package.

  • Delphi technique
    Generate a consensus among project risk experts who anonymously submit their risk list to a facilitator.

  • Interviewing
    Used to get information from people with a wide experience across many projects, such as stakeholders, team members, project manager, etc.

  • Stregths, Weakness, Opportunities and Threats (SWOT) Analysis
    Examines the project from the perspective of strengths, weaknesses, opportunities and threats.

Sunday, September 7, 2008

Risk Categories in Project Risk Management

Risk Categories can be classified as:

Technical, quality or performance risks
  • Technical changes
  • Changes to industry standards during the project
  • Reliance on unproven or complex technology
  • Unrealistic performance goals

Project Management Risk
  • Inadequate time and resources allocation
  • Ineffective project plan development
  • Poor cost estimates

Organization Risk
  • Resource conflicts with other projects
  • Inadequate project funding
  • Inconsistent management support

External risks
  • Union Issues
  • Changes of Management in customer's organization
  • Country security issues

Saturday, September 6, 2008

Risk Identification in PMP

Risk identification is the process of identifying and documenting the characteristics of project risks. It involes:
  • Review the risk management plan, risk categories and any historical information.
  • Perform analysis.

Introducting How to Create a Risk Management Plan

Risk Management Planning is the process of deciding how to approach and plan the risk management activities for a project. It consists of the following steps:

  • Determine and Organise Project Risk Managment Team.
  • Establish a budget for risk management.
  • Compiles the organisation policy and government standard.
  • Descibes the approaches, tools and data sources.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)