Congratulations to new PMP's! Are you next ?

Published: Sun, 06/24/12


 
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In this issue...

Cornelius Fichtner, PMPHello ,

Your weekly dose of PMP exam tips is here again. So what's in store in this week's issue?
  • Featured Article of the Week:The Values of PMI by guest writer Daniel Hendling, PMP 
  • Recommended PMP Exam Study Material: The PMP Exam: How to Pass on Your First Try, 4th Edition
  • PMP Exam Sample Question and Answer
  • PMP Exam Tip: Cost of Conformance
  • PMP Exam Video of the week: The easiest way to study for the PMP exam
  • Congratulations to this week's new PMP's! Know who they are in this week's issue.
Read on and Enjoy!

Until Next Time,
Cornelius Fichtner, PMP

President, OSP International LLC

Recommended PMP Exam Study Material: he PMP Exam: How to Pass on Your First Try, 4th Edition by Andy Crowe
We recommend this book because it contains a wealth of information that a project manager needs to know to pass the PMP Exam -- the first time!

If this is your first attempt to pass the PMP exam, Andy's The PMP Exam: How to Pass on Your First Try, 4th Edition (Disclosure: Compensated Affiliate) is an essential part of your study materials. Based on the PMBOK Guide, 4th Edition, it provides 44 processes, 592 inputs, tools and outputs that will thoroughly prepare you for the exam.

It also contains insider secrets, test tricks and tips, hundreds of sample questions and intelligently created exercises to reinforce your proficiency of key concepts that will guide you to achieve a successful result.

Some highlights of this book include:
  • Project Management Processes  and Knowledge Areas - A detailed breakdown of all Processes and KAs with clear explanations and no extraneous information to confuse you.
  • Tools, Tips and Tricks - Tools such as formulas and various project management process tables are well organized and explained and will strengthen your comprehension and retention. Insiders' tips are presented In an easy to understand style to give you an edge.
  • Sample Exam Questions - Quizzes at the end of each chapter and a final exam give you a better feel of the exam. The book keeps pace with the ever-evolving PMP test and helps you understand and navigate the complex exam questions. You'll learn how to correctly answer questions on the first try.
Order The PMP Exam: How to Pass on Your First Try, 4th Edition from Barnes and Noble by clicking HERE!

Full Disclosure: The PMP Exam: How to Pass on Your First Try, 4th Edition is an affiliate product. If you click and choose to purchase the book, we will earn a commission.
Congratulations!

Our warmest congratulations go to the following students of ours who have recently passed their PMP Exam:

    • Thomas Vardigan, PMP
    • Anne Kerr, PMP
    • Debra Walker, PMP
    • Manohar Gajwani, PMP
    • Bindu Mathew, PMP
    Have you passed your exam as well? Then let us know by writing to examtips@pm-prepcast.com

    The Values of PMI by Daniel Hendling, PMP

    For some of us it might have been a while, though it is still valid for each and any of us. The PMI Code of Ethics and Professional Conduct. If your PMI certification has been a while ago you might have got to know a former version of it. In the past there were different Codes - today there is just one Code of Ethics and Professional Conduct, binding for all of us.

    The Code of Conduct describes the professional behaviour which is mandatory for you working in a PMI context. The rules mentioned in this article concern aspects which en-able you to work in a sustainable manner.

    The core values supporting the Code of Conduct are as follows:

    • Responsibility
    • Respect
    • Fairness
    • Honesty

    It consists of aspirational and mandatory standards. Though as a matter of fact your compliancy with its aspirational standards is harder to measure or link to hard facts, they are similarly binding for you like the mandatory standards. They are not optional. The mandatory standards consist of clear behavioural guidelines according to PMI's core values. Not sticking to them might lead up to disciplinary measures by the PMI Ethics Review Committee.

    To whom does the Code apply?
    The Code of Conduct applies to each individual which

    • is Member of the Project Management or
    • is not a PMI member, but is owning a PMI certification or has started a PMI certification, or
    • is supporting PMI as a volunteer.

    How can the Code support you?
    For you as a person the Code of Conduct can help you performing your work according to ethical and professional aspects. As the Code of Conduct applies to everyone working according to the PMI standard it ensures that everyone has the same idea and understanding of which criteria apply to their way of working.

    If you want to drive the establishment of sustainable project management within your company the Code of Conduct may help you as a binding, formal reference.

    This article reflects certain aspects of the Code, which have a sustainable effect on your project work. Nevertheless the whole Code is mandatory for you. It is recommended to read the whole Code of Conduct again, just to be reminded of the full range of its contents. You find the PMI Code of Ethics and Professional Conduct in the relevant handbook, e.g. the PMP handbook.

    Responsibility.
    The Code is pretty clear on the fact that each of us is responsible for what we are doing, our decisions and any of their consequences. Especially the consequences on society, public safety, and the environment. If you're making a mistake - which might be making mistakes as well as omissions - you have to react immediately. In order to recognise a mistake you need to know any existing rules and laws. The Code of Conduct obliges you to inform yourself and work according to these. If you discover that someone else doesn't stick to the Code's standards or any other mandatory rules you have to inform the appropriate body, e.g. the management. And optionally the person themselves. Not the other way around, but of course only, if your accusation is substantiated by facts.

    Respect.

    The Code of Conduct sees here your obligation to take care of yourself and others. This includes people, money, re-putation, the safety of others, and natural or environmental resources. Treating each other in a respectful way means mutual trust, confidence and fostering collaboration. In negotiations you lay all cards on the table. You do not exercise the power of your expertise or position to influence the decisions or actions of others in order to benefit personally at their expense. You stay at eye-level with everyone.

    Respect includes supporting an environment of diversity, in which everyone's opinion and view is accepted and valued. Values, norms and customs are different among people, societies and countries. The Code of Conduct obliges you to get to know them (simply by asking) and behave without offending any of them. This obligation is not just up to yourself: You also have to make sure that within the project team everyone behaves accordingly.

    Fairness.
    Fairness means that you act and decide impartially and objectively. Independent from your own interests, which might be conflicting, free from prejudice and favouritism. Everyone gets the same opportunities. Each decision making process is transparent and visible to everyone. Potential and real conflicts are anticipated and dealt with proactively, especially if they are conflicts of interest. Knowledge and information is available to everyone.

    Any type of discrimination is out of the question.

    Honesty.
    Considering the Code of Conduct we are obliged to communicate and act honestly. This means to earnestly seek to understand the truth, and to decide and act in a truthful manner. Truth includes giving accurate and reliable information in a timely way. If you are not sure whether any information is correct, you have to question it.

    Our obligation includes the ability to tell the truth even if this is not comfortable to everyone. And to create an environment where everybody feels safe to say the truth. Definitely not acceptable is any kind of making misleading or false statements or withholding information.

    It is important to understand that the Code of Conduct gives us a fundamental guidance in all our behaviour - not limited to certain situations, people or organisations. It applies to all our work, not just the project team or the most important stakeholders. And it doesn't just affect situations here and today, but also in our future.

    Daniel Hendling, PMP, works as Deputy President and Board Member of PMI's Austria Chapter being responsible for Volunteers and Membership. He supports the PMI Educational Foundation, PMI's social arm, developing educational programs for young people in project management.

    Exam Tip: Cost of Conformance
    There are two separate components within Cost of Quality (COQ) and you must have a complete understanding of both of them for your PMP Exam. One is the Cost of Non-conformance, which is the money (and time) that will be spent due to the failure of a deliverable from your project. The other is the Cost of Conformance. This is the figure that is determined to be necessary to avoid those failures in the first place.

    There are two categories within the Cost of Conformance. The prevention costs are those associated with building a quality product or service so that any errors are within the range that is considered acceptable. These usually include the elements of training and equipment. Also included in this category is the time and effort required to fully document processes and to do things the right way.

    The other category within the Cost of Conformance is the appraisal costs. These are the costs associated with determining the level of quality to ensure it meets the required standards. Appraisal costs include things like inspections and various types of testing that are then evaluated to ensure the quality expectations are being met.

    In our next tip, we'll take a closer look at the Cost of Non-conformance

    Sample PMP Exam Question
    The Six Sigma process uses which of the following quality cycles?

    A.) Plan-Do-Check-Act
    B.) Plan-Perform-Verify-Act
    C.) Plan-Execute-Monitor-Run
    D.) Plan-Do-Control-Act

    Hint: Deming proposed this quality cycle.

    Please click here to give your answer and see the explanation...

    The Easiest Way To Study For The PMP Exam
    Are you planning to take the PMP exam? Let us help you!

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    Each episode provides information you need. You can have them with you wherever you go. Preparing for the exam has never been easier!


    Click here to watch a short video.

    ** Know anyone who is PMP certified already and would like to earn PDU's? Let them know how to earn their PDU in as easy as 1-2-3!  Visit www.pducast.com. 

     
     

     
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