Wednesday, March 03, 2021

Updated Book: What’s New – I Want To Be A PMP, Second Edition


The book, I Want To Be An PMP, Second Edition has been available since 2018 and has been instrumental in creating many successful PMPs. 

This is evidenced by PMP success stories written by a number of successful PMPs. They have written it and shared with you so that one day you can be a PMP.

Why the Updates?

The Project Management Professional (PMP®) exam is certainly a challenging exam and it’s not a static exam. Project management profession is also dynamic in nature. Simultaneously, a project manager’s understanding and knowledge-base have to increase and improve over time.

What’s needed to be a PMP in year 2000 is not enough while being a PMP in 2010. Similarly, what is needed to be a PMP in year 2021 and beyond will be definitely more demanding compared to what is needed to be a PMP in 2010. Hence, any aspiring PMP needs to evolve and update to clear the exam. 

In light of these, the book: I Want To Be A PMP, 2nd Edition, has seen continuous updates based on the new aspects of project management and more specifically the new changes coming in the PMP exam.  

The book for Project Management Professional Exam (PMP) has seen frequent updates since its availability. 

These updates are possible, because all this book is hosted online. Unlike traditional printed books, this book is never static. They are also important for you to know the latest practices or frameworks and stay up-to-date.

The updates for the PMP book are primarily driven by nine factors:

  • Availability or updates to existing guides and standards: The PMP exam is based on various guides, e.g., the PMBOK® guide, the Agile Practice Guide (APG) etc.
  • Availability or updates to references: For example, there have been updates to Work Breakdown Structure (WBS) standards, Earned Value Management (EVM) standards. The PMP exam also now has a list of reference books. 
  • Agile Content: The PMBOK, 6th edition has Agile content from the very beginning of its release. Recently, Agile has been emphasized and 50% of questions will be from Agile and/or Hybrid approaches. 
  • New Exam Content Outline (ECO): The ECO is the blueprint for the PMP exam and based on the ECO the questions are segregated. However, it’s barebone skeleton and real content will be from the PMBOK Guide, APG and other references.  
  • New types of questions in the exam: New types of questions come in the PMP exam or new ways are introduced to take the exam. For example, in the PMP exam now you have HotSpot, Multi-response, Drag and Drop questions. 
  • Emerging new practices: There are continuously new emerging practices which will be tested in the PMP exam.   
  • Feedback from exam takers: Some successful PMPs write their exam experiences and inform on new types of questions. 
  • Updates on advanced or complex areas: For example, many times advanced concepts such as Earned Value Management, Reserve Management. Advance Practices in Agile Management etc.
  • Updates on Videos: This book has quite a few videos in complex/complicated areas. Many times, I add additional videos so that the exam takers get more practice and feel more confident. 

With this background, there have been frequent and continuous updates to the PMI-PMP Exam Prep: I Want To Be A PMP. 

All these updates are free for existing customers of the book.

What’s New in the Book – I Want To Be A PMP?

The book, I Want To Be A PMP, as noted before, has seen frequent and continuous updates. These are highlights for the new addition, and updates to the book. These updates have happened over years and in total this book has seen 20 updates. 

1. NEW/UPDATED section on Agile for every Knowledge Area 

Every knowledge area in the PMBOK guide has a brief content on Agile or Adaptive environments. The book explains with numerous diagrams, tips and detailed explanation. 

2. NEW/UPDATED for Agile Concepts and Practices in the PMBOK Guide

It’s a common misconception to think that PMBOK guide hardly refers to Agile in its 5 process groups (PG), 10 knowledge areas (KA) and 49 processes. In fact, a large number of Agile concepts have been covered throughout the PMBOK guide. You will find information on:

  • Iteration/Sprint Planning
  • Iteration/Daily Stand-up
  • Iteration/Sprint or Project Retrospectives
  • Iteration Demonstration/Review, among many others.

The PMBOK guide also covers various Agile concepts such as:

  • Agile Release Planning
  • Iteration burndown Chart
  • Product Backlog
  • Product Roadmap
  • Epics, Use Stories, among many others.

3. NEW chapter in Agile Project Management 

As Agile and/or Hybrid approaches will have 50% questions in the exam, I decided to put a brand-new chapter of Agile Project Management. This chapter also comes with a set of chapter-end practice questions with answers and numerous yogic tips and revisions. 

4. NEW Question Set specific to Agile/Hybrid Approaches 

The book has 3 full-length question sets. Now the book has a specific question-set (out of 3 full-length sets) on Agile/Hybrid approaches. It has questions specifically on Agile, along with detailed answers. 

5. NEW set of Exercises for the new ECO

The exam content outline for the PMP exam has changed since January 02, 2021. In light of this, the book now comes with an exhaustive set of exercises related to the ECO, the domains, tasks and enablers. 

6. UPDATED with a number of tips and tricks

A number of new tips and tricks have been added. In addition, as I frequently write on Project Management topics, they have brought in new additions to the book. These additions are specific to project management.   

7. NEW set of ITTO exercises for every Knowledge Area

The book is aligned with the PMBOK guide as it’s the main reference guide for the exam containing many Agile concepts. However, with 100s of Inputs, Tools and Techniques and Outputs (ITTOs), it’s easy to get lost and not know the values of the tools and techniques (T&Ts). 

Hence, a number of exercises have been added to every knowledge area. This is excluding the full-length question sets and chapter end practice tests.

8. UPDATED formulas in the PMP Exam Formula Gold Cards

Formulas in the PMP Gold cards are updated, primarily with respect to new types of questions such as Range of Incentive Effectiveness, Point of Total Assumption, Earned Schedule Management (ESM) etc. 

Note: The formula gold cards of the book can be downloaded.

9. NEW section of Flow-Diagrams in every Knowledge Area 

There are many processes in any Knowledge Area, but for your PMP exam, you need to understand how they interact with each other. Hence, in every KA, a dedicated section of flow of processes have been added. 

10. UPDATED set of videos

Earlier edition of the book has some videos. In the current edition, you have more videos (over 70 now) in certain  complicated areas. 

11. UPDATED due to the updates in the PMBOK Guide!

Very few know that the PMBOK guide also gets updated. Yes, it does! For example, Change Log’s behavior or content of Scope Statement. Over years, the PMBOK guide has seen quite a few updates and this has resulted in the changes to the book. 

12. NEW Software Toolkit for the ITTOs

As noted earlier, the PMBOK guide has numerous ITTOs. Even for experienced managers it’s easy to get lost because of the sheer number of them. Hence, a new software toolkit has been provided, with which you can quickly detect the ITTOs.

13. UPDATED Chapter-end Practice Questions

Earlier, few chapter end practice questions were available. Now, on an average, 40 practice questions are available in the book. I’ve added these questions (taken from PMP Live Lessons) so that you get more practice. 

14. NEW Content on PMP Online Proctored Exam

The PMP exam now has an option to take in proctored mode. Based on this the section of “How To Be A PMI-PMP” has been updated. It describes, in a step-by-step manner, on how to take the exam in proctored mode. 

15. UPDATED Content on filling PMP Exam Application Form

The way exam applications are filled-up has changed since 2018. A step-by-step guide has been included on how to fill-up the exam application forms. It also has dos and don’ts, and templates needed.

16. NEW Preparation Plan for the Book, i.e., How to Prepare with the Book 

This is based on readers’ requests. Quite a few readers wanted to have a preparation plan as they purchased the book. This book has a preparation plan informing on the hours needed, daily expectations of readings, the duration needed to prepare for the exam. 

17. NEW Sections on Contracting under Procurement Management

The Procurement Management KA has been updated with budgetary implications of various contract types – Fixed Price (FP), Cost Reimbursable (CR) and Time & Material (T&M), how to solve the PMP exam questions related to contract types quickly and a few related videos for your understanding. 

18. UPDATED Introduction section for New PMP Exam from January 02, 2021

The PMP exam has changed since January 02, 201. In the updated Introduction section, you will know the updated PMP exam pre-requisites, the changed exam pattern for the PMP exam content, changed PMP exam details with three NEW domains People, Process and Business Environment, and the question styles. You will also know the types of possible questions.

19. NEW Question Set for New Question Styles

Along with multi-choice questions, there can be other questions in the PMP exam. These can be hotspot questions, multi-response, drag and drop questions. A few fill-in-the blank types questions can also come. 

Based on it, a new question set with a few questions has been added, which will specifically address these questions. This is excluding the full-length question sets and chapter end practice tests.

20. UPDATES to Book’s Index File

The index file is important to know the content of the book. As the book gets updated the index file also gets updated with clear highlighting for the NEW, as well as the UPDATED content. You will also know if any item has been removed. 

How Will I Know about the Updates?

Professinoals and people who want to purchase the PMP book, raise this question frequently. I understand this concern and below points clearly inform how to know about the updates.

  1. All changes will be clearly communicated to you via E-Mail. 
  2. Inside the book, the new ones will be highlighted as *** NEW ***, and the updates ones will be *** UPDATED ***. Green color coding will be there for these changes. In some cases, the earlier updates will be removed to keep it clean. However, they will be part of update E-mail archive.
  3. All the previous updated mails are part of the PMP book, so that you are clearly aware of the new changes that have happened. 
  4. The index file of the book is also updated, because that gives you a quick view on the new/updated content. 
  5. For the new videos in the book, the videos are clearly noted as NEW, so that you are immediately aware of it. Yes, the PMP exam prep book also contains many videos. 
  6. For the new documents, the documents are cleared noted as NEW, too.
  7. A number of tips and revision reminders are also added along the content in the PMP exam prep book. They are also clearly highlighted.
  8. For any clarification or questions on these updates, you can ask your questions. You will definitely get a response. This one of the biggest advantages of having the book as I respond not only the queries on updates, but also your questions and clarifications.
  9. As noted earlier, all the new/updated content will be FREE of cost to you.

Conclusion

With these changes, the book – I Want To Be A PMP, remains fresh and latest. 

More importantly, with these changes, I believe you will be not only preparing well for the exam, but also be prepared with the latest PMP exam changes, effective from January 02, 2021. I expect these new changes to continue into the future. 

For overall details of book, please refer (first in the list):
https://www.managementyogi.com/p/books.html

As far as I am aware, this is the only PMP Exam Prep book in the world, which sees continuous changes and frequent updates. I firmly believe it enormously benefits all the readers of the book, prepares them in a better way and gives them more confidence.  

For the updated index of the book, you can refer:
Book Index: I Want To Be A PMP, Second Edition

To all the readers of this book, I wish the very best. Stay the course in your journey, hold the line and crack the exam. 


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    Monday, February 01, 2021

    RMP Success Story: RMP Exam is Tougher Than the PMP Exam, Prepare Strongly To Succeed

    By V Satya Viswanadha Raju, RMP, PMP


    Introduction
    I have been part of IT Service Operations industry for over 10 years and support multi-million dollars clients with varying service level agreement (SLA) demands. In these environments, risks are high and risk management is highly needed. My current role in the organization demanded Operational Risk Management.

    Risk management exposure during my Project Management Professional (PMP®) preparations always drew my attention to this specific function and remained my favourite subject to understand and implement.

    After completion of my PMP certification, I was in constant discussions with Satya sir about taking the Risk Management Professional (RMP®) exam, who has been my go-to man, always. 


    My PMP Success Story: Extraordinary Content of 35 Hours Online Course and a Sincere Approach Helped to Crack the Exam


    Own Study
    Post my PMP certification, I had long discussions and guidance from Satya Sir and decided to pursue Risk Management Professional (RMP®) certification. The very first thing I did was to buy the RMP Exam Prep Book - I Want to be a RMP, Second Edition, written by Satya Sir. 

    Based on my previous experiences with PMP 35 Contact Hours Online Course and MS Project 2016 Live Sessions, I decided to go for this book. Before referring to any other guides and/or standards, I started my RMP journey with I Want To Be A RMP book. 

    For preparation, I primarily referred to content from the below three.

    • Book – I Want To Be A RMP, The Plain and Simple Way, 2nd Edition, by Satya Narayan Dash
    • The Standard for Risk Management in Portfolios, Programs, and Projects, by Project Management Institute (PMI®)
    • Practice Standard for Risk Management, by Project Management Institute (PMI)

    However, my primary focus and reference were always on the I Want To Be A RMP book. I have read the book six times.

    My preparation timeline was six months. I've dedicated two to three hours to study daily. On weekends, I’ve spent four to five hours.

    I started off by taking the re-access to PMP 35 Contact Hours course and particularly focused on the set of videos from Risk Management Lesson. This helped me to revise the concepts and prepare.

    RMP Exam Experience
    My RMP Exam Application form was approved by PMI in December, 2020. On the same date, I booked the slot to give my exam at Pearson Vue professional Center, Bengaluru. 

    In the month of December 2020, I started setting up my mind and body for taking the toughest questions and 210 minutes of sitting posture. Practised breathing exercises which really help to reduce the stress.

    On the D day, I reached the exam Center 30 minutes early and completed the formalities and it was all set. First few minutes are a bit nervous and even the questions are very complex. And as the time passed, I got more confident and it was a free flow like a stream after the first 30 minutes. I kept checking the time ticks and I didn’t rush towards the end. 

    I felt somewhat stressed around the 110th question, and hence, took a break after completing 125 questions so that I could regain my momentum. 

    Types of Questions Faced

    • I felt the RMP exam was tougher than the PMP exam as I didn’t find a single question as moderate.
    • At-least 20 questions were very lengthy, 7-8 lines descriptions, and then a question. It takes time to read, and analyze such questions.
    • I received at least 20 Mathematical questions on S- Curve, various estimation techniques and earned value calculations.
    • I also faced questions on To Complete Performance Index (TCPI), Cost Performance Index (CPI) as well as questions on Risk Score.

    Book Review - I Want To Be A RMP, 2nd Edition
    As I mentioned earlier, before referring to any other books, I started with I Want To Be A RMP book and have read it multiple times.

    I did’t hesitate and did’t have any second thoughts to call the books from Satya sir as my Bhagavad Gita for project management, filled with contents from other a number of other books, such as: I Want To Be A PMP book, a number of other references and for Agile based Risk Management - I Want To Be An  ACP book. 

    In this book, after every chapter, you will have practice questions which are mostly situational and give different directions towards thinking and making you prepared for the final exam. The answers are also available for each one of them.

    The book also has two sets of complete mock exams with answers and detailed explanation for the answer. I recommend anyone, to first take one full-length exam and check yourself where you stand for the main exam and then prepare accordingly. 

    The beauty of the book is, it has highlighted tips, and the author will put stress on key focus areas. A large number of tips and revisions have been shared in the book. 

    Suggestions for RMP Aspirants
    Dos

    • Set your mind for the toughest exam from PMI. As I see it, the RMP exam is tougher than the PMP exam!
    • Plan your schedule and follow the schedule strictly.
    • Practise more mathematical questions and formulas.
    • I recommend to take a short break during the exam, accordingly
    Don’ts
    • Stick to books and/or guides you choose and don’t deviate from them.
    • Don’t be nervous during the exam. What will happen will happen – you have prepared earnestly.

    Conclusion
    I was very elated after clearing my RMP exam. 

    I would like to thank Satya sir for his continuous guidance and inspiring me in pursuing this certification. He was the “Person to go to” during my RMP journey for clarifying the doubts, getting the needed advisory.  


    Brief Profile:
    V, Satya Viswanadha Raju, RMP, PMP

    Current Role: I’m currently a Service Delivery Lead in an MNC, Bengaluru, India.




    New Book Available for RMP Exam:

    Friday, January 15, 2021

    PMI-ACP Success Story: Agile is Essential for Delivering Customer Value and ROI – Early and Continuously

    By John P S Oliver, ACP, PMP, PBA, RMP



    Introduction

    Being in the financial services industry which is highly regulated, my organization started to increasingly embrace the agile way of approach in its projects to achieve customer satisfaction and realize benefits early. Being a functional owner with a high focus on improving process efficiencies and effectiveness, we started following the agile approach for the implementation of various improvement initiatives like automation of manual processes, improving compliance etc.

    While I had touched upon agile practices during my preparation for PMP® certification, with the continued emphasis on agile approach for our projects, I believed that gaining a deeper knowledge and practice of the agile values, principles and approaches will help me in my quest to become a successful agile practitioner and hence I decided to pursue the PMI-ACP® certification.

    First Preparation

    Once I decided to pursue the PMI-ACP certification, I reached out to Satya Sir for his inputs on getting the mandatory 21 hours of training in agile practices. Satya Sir advised me to go through the PMI®’s Agile Practice Guide which was one of the primary reference books for the PMI-ACP certification exam. I also came to know about his recently updated book: I Want To Be An ACP, Second Edition.

    I started my preparation for the PMI-ACP certification with reading PMI’s Agile Practice Guide. I completed reading the Agile Practice Guide and enrolled with a service provider for an online course of PMI-ACP training. 

    Once I completed the online course and received the mandatory PDUs, I submitted my application for PMI-ACP certification.

    Upon receiving approval from PMI, I reached out to Satya Sir and decided to use his book “I Want To Be An ACP, Second Edition” for my certification exam preparation.

    Own Study

    I started my preparation for the exam with creating a plan to complete one chapter with the corresponding chapter end questions from Satya Sir’s book: I Want To Be An ACP, Second Edition.

    I had applied for 2 weeks of leave and dedicated 8 hours a day for preparation.

    The only books I referred were Satya Sir’s book, I Want To Be An ACP, Second Edition, PMI’s Agile Practice Guide and PMI-ACP exam content outline.

    For the sample questions, Satya Sir’s book has 3 complete full set questions in addition to the chapter end questions. I also used the sample questions that came with the online training course that I enrolled for the mandatory PDUs.

    I completed the chapters of Satya Sir’s book twice (Initial reading and Revision) and completed the 3 complete full set of questions once.

    Book Review - I Want To Be An ACP

    The reason for going with Satya Sir’s book - I Want To Be An ACP, Second Edition as the primary reference book was the confidence due to the fact that I had already used his books and study materials in my preparation for PMP® and RMP® certifications and they were instrumental in passing the exams.

    My PMP exam experience:
    PMP Live Lessons Was Instrumental in Getting My PMP Credential

    My RMP exam experience:
    Risk Management - Essential for Professional and Personal Success 

    The book encompasses knowledge from all the reference books listed by PMI for ACP certification. In fact, in my opinion, this book is a one stop reference book for the PMI-ACP certification exam.

    The book follows the pattern of the PMI-ACP exam content outline (ECO), aligned with PMI's Agile Practice Guide and so is easy to follow and cross reference. 

    The vision and revision tips in the book helped me to immediately refer relevant topics for revision. The chapter end questions helped me to gauge my understanding of the topics. I used them to revise the portions in relation to the questions where I went wrong.

    The 3 complete full set of questions were of high quality and the explanations for the answers helped me immensely in understanding the reasoning behind the correct choice. I was able to improve my performance with each mock exam.

    ACP Exam Experience

    I completed the initial reading of Satya Sir’s book completely with the chapter end questions and scheduled my exam for 7-January-2021, 8:00 AM slot at the Pearson Vue centre, Chennai. I used the remaining days to complete the revision and the mock exams.

    I reached the centre by 7:30 AM on the exam date and completed the formalities. I started my exam at around 8 AM. As I progressed through the exam, I noticed that I was taking more time for each question compared to the time taken in mock exams and hence kept a track of the remaining time. I completed the exam without any break and with 6 minutes to spare. I submitted my responses and competed the survey. I was happy to see the congratulatory message on successfully obtaining the PMI-ACP certification.

    Types of Questions Faced

    • The majority of the questions were situational in nature.
    • Very few graphical questions.
    • Very few mathematical questions. 
    • More questions on Value Driven Delivery, Agile Principles and Mindset and Stakeholder Engagement domains.

    Suggestions for ACP Aspirants

    Dos

    • Plan and schedule the exam well in advance.
    • Prepare a realistic schedule and follow it.
    • Prepare a short list of reference books and use them for your preparation.
      (Ideally not more than 2 if you go for Satya Sir’s book)
    • Schedule enough time for taking up mock questions and revision.

    Don’ts

    • Do not use more than 2 or 3 study resources as you can spend the extra time available on attempting more mock questions.
    • Do not attempt questions before you completely study the resources at least once.
    • Don’t panic during the exam if you do not know the answer for a particular question, Mark it for review and proceed with the next one – You can always come back to the marked question later.

    Conclusion

    I would like to thank the Almighty for his blessings, my reporting manager for approving my leaves for preparation and Satya Sir for his book: I Want To Be An ACP, Second Edition.


    Brief Profile:

    Name: John P S Oliver

    Current Role: Supply Chain Manager

    Experience: 23+ years of experience in ITES operations and project management across BFSI, Healthcare, Telecom and Retail verticals.



    Book Available for ACP Exam Prep:

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