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How to Finish Your PMP Exam in Under 4 Hours

How to Finish Your PMP Exam in Under 4 Hours

The Project Management Professional (PMP) certification is the world’s leading certification for project managers. There are currently 750,000+ certificate holders worldwide. Because of the certification’s popularity, many employers screen applicants for the PMP certification before granting them a job interview.

The reason why the PMP certification is so prestigious is because candidates are required to learn the methodologies and best practices for managing large and complex projects. The Project Management Institute (PMI) distilled all the project management best practices into a guide called the PMBOK.

The PMP exam is known for its rigor. It usually takes months of studying to prepare, and many aspirants struggle with finishing the exam in under 4 hours. In this article, I’ve compiled 8 strategies that will help you finish the exam on time and pass on your first try.

Test Strategy #1: Don’t Look at the Answers

After you read the exam question, cover up the 4 multiple choices given, and come up with the answer in your head. Then, look to see if one of the multiple choices given is the same as the answer you came up with. The benefit of using this method is that it does not give wrong answers a chance to cloud your thinking.

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If the answer you came up with is among the multiple choices, then you can be quite certain that you have the right answer. If it’s not, you can use one of the other 8 strategies to help you figure out the correct answer.

Test Strategy #2: Look at the Answers First

This strategy is the reverse of strategy #1. Without looking at the question, read all of the multiple choice answers given. Then, read the last sentence. Then, read the entire question.

The “Look at the Answers First” strategy is particularly useful for situational questions, where the question is long-winded. Sometimes, there is a lot of irrelevant information given in a situational question, so by reading the answers first, you know what information you should be looking for in the question.

Test Strategy #3: First Impression

If you are unsure of the answer, go with your first impression. Chances are, your first impression is probably right. Don’t change your answer unless you are absolutely sure.

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Test Strategy #4: Process of Elimination

If you are unsure what the correct answer may be, use the process of elimination to eliminate the wrong answers. With the wrong answers eliminated, your chances of choosing the correct answer increases.

Test Strategy #5: Calculate First

If you have a calculation question on your PMP exam, you should calculate the answer without looking at the 4 multiple choices given. If the answer you got was among the multiple choices, you can be quite certain that you got the right answer.

When you approach a calculation question, list out all of your variables and compare them to your formulas on your “cheat sheet.” Apply the correct formula based on the numbers and variables you are given, and check whether the answer you got is among the multiple choices. You will have access to a Windows-based calculator during your exam. Here’s an article on how to create your “cheat sheet” before you exam starts.

It is hard to know how many calculation questions you’ll get on your exam because 200 random questions are pulled from the PMI database when your exam starts. The system cannot detect whether the question is a math question or not. Some candidates report that as much as 30% of their exam was calculation questions, while others only got 1-2 math questions. However, most candidates will find that between 5-10% of their exam consists of calculation-based questions.

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Here is a formula guide containing all of the formulas you need to know for your exam. 

Test Strategy #6: Calculate Back

If you did not get the correct answer when you used the “Calculate First” strategy, you can try the “Calculate Back” strategy. Looking at the 4 multiple choices given, try to “calculate back” and see which answer you can prove to be correct with the variables given in the question.

Test Strategy #7: Skip

If you don’t immediately know the answer to the question, skip it. Sometimes, some questions in the exam actually provide the answers to other questions. Chances are, when you skip a question, you may find the answer in another question.

At the Prometrics exam centre, you have the option to mark a question for review so that you can remember which questions to go back to.

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Because you have 4 hours to complete 200 multiple choice questions, don’t spend more than 1 minute per question during your first go round. You want to make sure you have enough time to finish the entire exam. If the question is taking you too long to complete, skip it and come back to it once you’ve looked at all the questions.

Test Strategy #8: Guess

There is no negative marking on the PMP exam. Before you submit your exam, make sure every question has an answer – even questions you don’t know the answers to. When all else fails, just guess. Even when you guess, you will still have a 25% chance of getting the question right. If you leave the question blank, you will have 0% chance of getting that question right.

There you have it – my top 6 strategies for approaching PMP exam questions! I hope this article was useful to you in your PMP certification journey. If you have any comments/feedback, please don’t hesitate to reach out to me at support@examspm.com

Lastly, if you are interested in obtaining your PMP certification, I would encourage you to check out ExamsPM’s free course at www.examspm.com/free 

Featured photo credit: usnews.com via usnews.com

More by this author

Helena Lui

Chief Inspiration Officer at ExamsPM

How to Finish Your PMP Exam in Under 4 Hours

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14 Ideas on How to Measure Productivity to Make Progress

14 Ideas on How to Measure Productivity to Make Progress

Everyone has heard the term productivity, and people talk about it in terms of how high it is and how to improve it. But fewer know how to measure productivity, or even what exactly we are talking about when using the term “productivity.”

In its simplest form, the productivity formula looks like this: Output ÷ Input = Productivity.

For example, you have two salespeople each making 10 calls to customers per week. The first one averages 2 sales per week and the second one averages 3 sales per week. By plugging in the numbers we get the following productivity levels for each sales person.

For salesperson one, the output is 2 sales and the input is 10 sales: 2 ÷ 10 = .2 or 20% productivity. For salesperson two, the output is 3 sales and the input is 10 sales: 3 ÷ 10 = .3 or 30% productivity.

Knowing how to measure and interpret productivity is an invaluable asset for any manager or business owner in today’s world. As an example, in the above scenario, salesperson #1 is clearly not doing as well as salesperson #2.

Knowing this information we can now better determine what course of action to take with salesperson #1.

Some possible outcomes might be to require more in-house training for that salesperson, or to have them accompany the more productive salesperson to learn a better technique. It might be that salesperson #1 just isn’t suited for sales and would do a better job in a different position.

How to Measure Productivity With Management Techniques

Knowing how to measure productivity allows you to fine tune your business by minimizing costs and maximizing profits:

1. Identify Long and Short-Term Goals

Having a good understanding of what you (or your company’s) goals are is key to measuring productivity.

For example, if your company’s goal is to maximize market share, you’ll want to measure your team’s productivity by their ability to acquire new customers, not necessarily on actual sales made.

2. Break Down Goals Into Smaller Weekly Objectives

Your long-term goal might be to get 1,000 new customers in a year. That’s going to be 20 new customers per week. If you have 5 people on your team, then each one needs to bring in 4 new customers per week.

Now that you’ve broken it down, you can track each person’s productivity week-by-week just by plugging in the numbers:

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Productivity = number of new customers ÷ number of sales calls made

3. Create a System

Have you ever noticed that whenever you walk into a McDonald’s, the French fry machine is always to your left? 

This is because McDonald’s created a system. They have determined that the most efficient way to set up a kitchen is to always have the French fry machine on the left when you walk in.

You can do the same thing and just adapt it to your business.

Let’s say that you know that your most productive salespeople are making the most sales between the hours of 3 and 7 pm. If the other salespeople are working from 9 am to 4 pm, you can potentially increase productivity through something as simple as adjusting the workday.

Knowing how to measure productivity allows you to set up, monitor, and fine tune systems to maximize output.

4. Evaluate, Evaluate, Evaluate!

We’ve already touched on using these productivity numbers to evaluate and monitor your employees, but don’t forget to evaluate yourself using these same measurements.

If you have set up a system to track and measure employees’ performance, but you’re still not meeting goals, it may be time to look at your management style. After all, your management is a big part of the input side of our equation.

Are you more of a carrot or a stick type of manager? Maybe you can try being more of the opposite type to see if that changes productivity. Are you managing your employees as a group? Perhaps taking a more one-on-one approach would be a better way to utilize each individual’s strengths and weaknesses.

Just remember that you and your management style contribute directly to your employees’ productivity.

5. Use a Ratings Scale

Having clear and concise objectives for individual employees is a crucial part of any attempt to increase workplace productivity. Once you have set the goals or objectives, it’s important that your employees are given regular feedback regarding their progress.

Using a ratings scale is a good way to provide a standardized visual representation of progress. Using a scale of 1-5 or 1-10 is a good way to give clear and concise feedback on an individual basis.

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It’s also a good way to track long-term progress and growth in areas that need improvement.

6. Hire “Mystery Shoppers”

This is especially helpful in retail operations where customer service is critical. A mystery shopper can give feedback based on what a typical customer is likely to experience.

You can hire your own shopper, or there are firms that will provide them for you. No matter which route you choose, it’s important that the mystery shoppers have a standardized checklist for their evaluation.

You can request evaluations for your employees friendliness, how long it took to greet the shopper, employees’ knowledge of the products or services, and just about anything else that’s important to a retail operation.

7. Offer Feedback Forms

Using a feedback form is a great way to get direct input from existing customers. There are just a couple of things to keep in mind when using feedback forms.

First, keep the form short, 2-3 questions max with a space for any additional comments. Asking people to fill out a long form with lots of questions will significantly reduce the amount of information you receive.

Secondly, be aware that customers are much more likely to submit feedback forms when they are unhappy or have a complaint than when they are satisfied.

You can offset this tendency by asking everyone to take the survey at the end of their interaction. This will increase compliance and give you a broader range of customer experiences, which will help as you’re learning how to measure productivity.

8. Track Cost Effectiveness

This is a great metric to have, especially if your employees have some discretion over their budgets. You can track how much each person spends and how they spend it against their productivity.

Again, this one is easy to plug into the equation: Productivity = amount of money brought in ÷ amount of money spent.

Having this information is very useful in forecasting expenses and estimating budgets.

9. Use Self-Evaluations

Asking your staff to do self evaluations can be a win-win for everyone. Studies have shown that when employees feel that they are involved and their input is taken seriously, morale improves. And as we all know, high employee morale translates into higher productivity.

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Using self-evaluations is also a good way to make sure that the employees and employers goals are in alignment.

10. Monitor Time Management

This is the number one killer of productivity in the workplace. Time spent browsing the internet, playing games, checking email, and making personal calls all contribute to lower productivity[1].

Time Management Tips to Improve Productivity

    The trick is to limit these activities without becoming overbearing and affecting morale. Studies have shown that most people will adhere to rules that they feel are fair and applied to everyone equally.

    While ideally, we may think that none of these activities should be done on company time, employees will almost certainly have a different opinion. From a productivity standpoint, it is best to have policies and rules that are seen as fair to both sides as you’re learning how to measure productivity.

    11. Analyze New Customer Acquisition

    We’ve all heard the phrase that “It’s more expensive to get a new customer than it is to keep an existing one.” And while that is very true, in order for your business to keep growing, you will need to continually add new customers.

    Knowing how to measure productivity via new customer acquisition will make sure that your marketing dollars are being spent in the most efficient way possible. This is another metric that’s easy to plug into the formula: Productivity = number of new customers ÷ amount of money spent to acquire those customers.

    For example, if you run any kind of advertising campaign, you can compare results and base your future spending accordingly.

    Let’s say that your total advertising budget is $3,000. You put $2,000 into television ads, $700 into radio ads, and $300 into print ads. When you track the results, you find that your television ad produced 50 new customers, your radio ad produced 15 new customers, and your print ad produced 9 new customers.

    Let’s plug those numbers into our equation. Television produced 50 new customers at a cost of $2,000 (50 ÷ 2000 = .025, or a productivity rate of 2.5%). The radio ads produced 15 new customers and cost $700 (15 ÷ 700 = .022, or a 2.2% productivity rate). Print ads brought in 9 new customers and cost $300 (9 ÷ 300 = .03, or a 3% return on productivity).

    From this analysis, it is clear that you would be getting the biggest bang for your advertising dollar using print ads.

    12. Utilize Peer Feedback

    This is especially useful when people who work in teams or groups. While self-assessments can be very useful, the average person is notoriously bad at assessing their own abilities.

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    Just ask a room full of people how many consider themselves to be an above average driver and you’ll see 70% of the hands go up[2]! Now we clearly know that in reality about 25% of drivers are below average, 25% are above average, and 50% are average.

    Are all these people lying? No, they just don’t have an accurate assessment of their own abilities.

    It’s the same in the workplace. Using peer feedback will often provide a more accurate assessment of a person’s ability than a self-assessment would.

    13. Encourage Innovation and Don’t Penalize Failure

    When it comes to productivity, encouraging employee input and adopting their ideas can be a great way to boost productivity. Just make sure that any changes you adopt translate into higher productivity.

    Let’s say that someone comes to you requesting an entertainment budget so that they can take potential customers golfing or out to dinner. By utilizing simple productivity metrics, you can easily produce a cost benefit analysis and either expand the program to the rest of the sales team, or terminate it completely.

    Either way, you have gained valuable knowledge and boosted morale by including employees in the decision-making process.

    14. Use an External Evaluator

    Using an external evaluator is the pinnacle of objective evaluations. Firms that provide professional evaluations use highly trained personnel that even specialize in specific industries.

    They will design a complete analysis of your business’ productivity level. In their final report, they will offer suggestions and recommendations on how to improve productivity.

    While the benefits of a professional evaluation are many, their costs make them prohibitive for most businesses.

    Final Thoughts

    These are just a few of the things you can do when learning how to measure productivity. Some may work for your particular situation, and some may not.

    The most important thing to remember when deciding how to track productivity is to choose a method consistent with your goals. Once you’ve decided on that, it’s just a matter of continuously monitoring your progress, making minor adjustments, and analyzing the results of those adjustments.

    The business world is changing fast, and having the right tools to track and monitor your productivity can give you the edge over your competition.

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    Featured photo credit: William Iven via unsplash.com

    Reference

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