Passed PMP on First Attempt
Hello All,
I managed to pass the exam yesterday on First Attempt. My result:
Initiating - Proficient
Planning - Proficient
Executing - Proficient
Monitoring and Controlling - Proficient
Closing - Moderately Proficient
My preparation:
- 5 continuous days, 8-9 hours per day
- Read Rita's and PMBOK once. I spent more time reading Rita's book as the explanations are easy to understand. I read the points in PMBOK and search for the explanation in Rita's book
- Did not really memorize ITTOs, just tried to understand the logic behind them. Memorized formulas (especially tough ones like the many formulas of EAC, TCPI, TPA) and some important terms from the glossary.
- Did all the knowledge area questions in PMFastTrack - Scoring 75-80%
- Did Oliver Lehman's questions (very tough)
I was very nervous 10 minutes before the exam as I overheard some of the candidates taking the exam earlier that day talking about how tough the questions are, not enough time, getting 5 BPs, etc. That kept me pretty nervous for the first 20 questions at least. Questions were tough and calculations are tricky, harder than Rita's but easier than Oliver's. But in the end I was able to pass and breathed a sigh of relief.
Anyways, please answer this:
During project execution, if a risk has not occurred and the project has passed the point where the risk should ocur, should we reduce the amount of the contigency reserved for that risk from the cost baseline? Or should we leave it as it is just in case another risk occurs?


ppalkonda1975
Fri, 07/26/2013 - 02:46
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First of all Congrats on
First of all Congrats on passing on the exam!! Enjoy and Rest up now :)
Coming to your question, if the reserve was assigned for a risk and the risk did not occur, then the contingency reserve should be reduced and we should NOT assign that reserve for any other risk
Cheers!!
caveman
Fri, 07/26/2013 - 04:32
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Thanks!!Ah i see..That means
Thanks!!
Ah i see..That means I answered that question correctly during the exam
PMPWarrior
Fri, 07/26/2013 - 07:59
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The contingency reserve is
The contingency reserve is used for identified risks. Risks that you know might occur. For unidentified risks, you use the management reserve instead. So yes, you should remove the contigency reserve for the particular risk if you are 100% sure the risk won't happen.
vikula01
Fri, 07/26/2013 - 18:56
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reduce it
M&C of risk is all the time - so you keep reassessing your risks and modify the risk register - and contingency reserves of cost or schedule should be modified in alignment with the current risk assessment
vascorusello
Fri, 07/26/2013 - 21:40
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pmp
congrats,
can u give me any advise please? I am talking my test tomorrow and I really did not have to money to purchase all these exams, I only got the pass4sure from a friend
u can email me at vascorossi150@yahoo.com
caveman
Sat, 07/27/2013 - 00:39
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Hello,I don't think
Hello,
I don't think pass4sure dumps are accurate, as I am very sure that the questions will not be similar. But you can use it for practice at home. Additionally, I suggest taking free online mock exams in the internet (Oliver Lehman, etc)
admin
Sun, 07/28/2013 - 05:51
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Congratulations!
Congratulations!