Hi, this is something I have beed looking for - Please note this is not my material but it was 11 MS Word pages long. So I edited and am reposting as I think it's really very helpful.

1.      FORMULA based questions will have you solve for an unknown by using mathematical formulas. There are numerous PMP exam formulas that you’ll need to know front to back in order to pass the PMP Exam. Understanding them thoroughly down to the importance of each element will give you the decision making criteria to include or exclude the values in the PMP exam question. They test your understanding of the formulas and your knowledge of their specific applications. You'll need to know which formula to use when and how to calculate the result.

Example

You have a project with a worth of 100,000 USD. To date you have spent 30,000 USD and 25% of the work is completed. What is the Cost Performance Index (CPI)?

A) 5000

B) 0.833             Answer is B

C) -5000

D) 1.2

   

2. SITUATIONAL based questions test your ability to apply theoretical understanding to real life project management situations. These questions tend to be very long paragraphs with several insignificant details. The concept behind these, is that in reality you will be faced with both relevant and irrelevant information. Your objective is to identify what’s relevant, ignore what doesn’t matter, then act on the correct concept that applies to the real issue of the problem. Distraction and confusion are major factors here, but with practice comes awareness to highlight what the real issues are. Be sure to read carefully and accurately identify the actual question being asked of you, so that you can eliminate the useless information. Often, situational questions will offer two choices which are both reasonably correct, so it’s extremely important that you identify if the question is asking you the BEST choice in general, the EXCEPTION to some rule, or the ONLY answer applicable to that situation - tricky.

 

These questions are very difficult because all or some of the options will seem acceptable. However, you have to choose the best option, and the key words here are, “for that situation".

 

You are managing a project that will implement a new Insurance software package. Two project team members have difficulty working together. They come to you, for help resolving the issues. You immediately set up a meeting that includes the functional manager. After the meeting you and the functional manager discuss the issues and agree on a solution. What type of organizational structure you are working in?

 

A) Functional

B) Balanced Matrix         Answer is B

C) Projectized 

D) Strong Matrix

 

Here’s how to study for these: 

 

Read the question section first and skip the sentences before it. Then check the options available and see if any stand out to you at that point. Then, if necessary, read the preliminary information if you need it to make a decision. The reason for breaking up the question like this is so you can better determine what is relevant and what is not, with regard to the question being asked - and ONLY with regard to the question is being asked. Reading preliminary information may provide details you need to solve the question - but in many cases it does not, and this information is included to intentionally mislead you. 

 

3. DEFINITION Based questions. These are the simplest questions that you will see on the PMP certification exam; for example, the definition of risk, secondary risk, residual risk, etc.

Example

A risk that is a result of response to any risk is known as:

 

A) Primary risk

B) Secondary risk                        Answer is B

C) Residual risk

D) Unknown risk

 

You’ll simply have to know them.  

 

4. KNOWLEDGE based questions require you to identify the meaning of the situation based on your understanding of the facts provided. You will be given some data that you have to analyze to find the correct answer. You'll be tested on your proficiency to understand a concept well enough to identify the correct variable or course of action.

These questions also occasionally have wording such as, “What is the exception?” or “Group brainstorming encourages all of the following except:…”. They will often ask you to identify an example chart, graph, special circumstance, variable, or application of a concept

 

 All of the following statements are true regarding issue logs except___________.                

 A) Issue logs are tools or techniques of the Manage Stakeholder Engagement process

 B) An issue log is known as action item log

 C) Issue logs are tools or techniques of the Develop Project Team process

 D) Issue logs are tools or techniques of the Manage Project Team process Answer is D

 

Here’s how to study for these with 3 key factors:

 

i)                 Similar to definition questions, you simply have to know them

 

5. INTERPRETATIONAL questions require you to identify the meaning of the situation based on your understanding of the facts provided, and will require you to apply the correct awareness for the correct answer. In other words, these questions require you to go a step further than knowledge based questions. Here you will be given some data that you have to analyze to find the correct answer, by your awareness of the knowledge and your ability to apply it to discover the answer. These test your ability to decode a situation or condition from information you are given about a status or problem.  

Wording for this kind of questions could be: “If your project has an SPI and a CPI both greater than 1, how well is your project performing?” To solve this, you will need to know the concepts of  SPI and CPI as well as how they relate to the project’s performance to decode the answer. (With a knowledge based question, the answer could simply be the difference in meaning between the two).

 

You have a project with a worth of 100,000 USD. To date you have spent 30,000 USD and 25% of the work is completed.

For the above project, which statement is correct?

 

A) The project is under budget

B) The project is over budget                   Answer B

C) The project is ahead of schedule

D) The project is behind schedule

 

6. SPECIFIC TECHNIQUE questions like other question types, you will be provided with information about a specific situation, in different forms like a network diagram or a chart of data for example. They will provide a snap shot of a situation, and ask you to provide an element that’s inherent in that situation. You'll need to provide the response that relates directly to an element with regard to the situation described, on what specific technique would be used to determine an unknown variable.  

 

What is the length of the critical path?

(This question shows a chart with various pieces of data required to solve the question

 

Go through the all the "techniques” so you know them backwards and forwards.

 

7. PMBOK GUIDE KNOWLEDGE questions.  These questions directly assess your proficiency with understanding and application of the Processes and Knowledge Areas. What they apply to, when they occur, what they consist of, how they relate, etc. These questions will test how familiar your are with specific areas of the guide, and you may see wording such as this for example, “Which of these processes are not part of the Initiating Process Group?”

 

Question: Which of the following are inputs to the “Source Selection” process?

 

 A) Organizational policies

 B) Procurement documents

 C) Evaluation criteria

 D) Both A and B             Answer is D

 

8. ITTO (Inputs, Tools, Techniques & Outputs) questions: The PMBOK® Guide describes 47 processes, where each process has Inputs, Tools, Techniques & Outputs. Aside from knowing the processes, you will be required to take that a step further and know where each “ITTO” belongs and where they apply. In this type of question, you may be asked to select the correct Input, Tool & Technique, or Output for a given process.

 

What is an output of develop project charter process?

 

9. Professional and Social Responsibility questions. PMI expects you to follow a certain code of ethics and professional conduct in your behaviour, as part of becoming certified. 

As per PMI’s wording, “As practitioners of project management, we are committed to doing what is right and honourable. We set high standards for ourselves and we aspire to meet these standards in all aspects of our lives — at work, at home, and in service to our profession.”

During a bidding conference you notice that a bidder is your friend. What will your next step be?

 

A) You will help your friend

B) You will not tell anyone

C) You will disclose it                              Answer is C.

D) You will not attend the conference

 

10. Combination questions will combine any of the types mentioned above. There is no guessing what kind you’ll get so you’ll need to become highly proficient at all of them, and learn to decipher which is which. 

 

As a PMP, you are required to comply with the PMP Code of Professional Conduct. Part of your responsibility concerns applying professional knowledge. All of the following are part of applying professional knowledge except for which one?

 

 A) Staying abreast of project management practices

 B) Honestly reporting your project management experience

 C) Keeping up with industry trends and new technology

 D) Developing relationships based on mutual respect                   Answer is D

  

General TIPS that apply to all question types

Make significant use of the "Mark" option. Although it may seem counter-intuitive to move on, spending valuable time on one question could cost you on other questions you do know, later in the exam. It's better to leave those questions you aren't sure of and go back later if you have time. Just make sure to choose an answer incase you do not have time to go back!