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You are the project manager for a large telecommunications project in Kenya, which has an unstable economy. You cannot use common financial techniques to predict the future costs of materials but you are required to provide an estimate for each work package now so that the budget can be developed and approved. What technique you can rely on to help you in this situation?

A.) Expert Judgment
B.) Reserve Analysis
C.) Parametric Estimating
D.) Analogous Estimating

Hint: You have not executed any projects in Kenya and you have no idea what future project costs may be.

For our next amazing deal and offer, we bring you a $9.99 discount coupon for The PMP Exam eFlashcards. Instead of paying the regular price of $29.99, you can get The PMP Exam eFlashcards for just $20.00.

This offer is good from November 1-30, 2012 only.

As you prepare for your PMP Exam, you should know that there are many PMP Exam formulas that you will be expected to know. Among them are Earned Value, PERT, communications channel and about 40 others you must have memorized.

Since these formulas must be in your head, you will not be allowed to bring your own personal calculator into the exam room with you because it could have some of the formulas saved with it.

Studying for the PMP exam toward your PMP certification will be a much less daunting task if you apply your project management skills to it and create a project plan. In this third video of The PM PrepCast's series on preparing for the PMP exam, you'll learn the essential elements to include in your project study plan.

Studying for and earning your PMP Certification can be a costly affair, some training courses can cost upwards of several thousand US Dollars. However, there are ways to cut your costs and still have access to valuable and useful study tools. Below we will discuss several ways you can lower the cost of studying for and obtaining your PMP Certification that does not include spending a lot of money. Read through our seven savings tips and you'll see that lowering your cost for taking the PMP Exam is not that hard.

PMP in Depth: Project Management Professional Study Guide for the PMP Exam
By Paul Sanghera

If you're searching for the right PMP study guide to help you pass the PMP Exam, PMP in Depth: Project Management Professional Study Guide for the PMP Exam will get you on the right track (Disclosure: Compensated Affiliate). The material is intelligently presented in a logical sequence so you won't have to hop from topic to topic.