PMP Certification: 35+ PDU Formal PMP Exam Prep_New PMP 2024

About the course content update based on new PMP ECO.

Read before starting the course

Handouts

Notification about video resolution

One last note before starting

When you look at the course content, you will see that there are hundreds of lectures and tens of quizzes in the course. Since there is lots of content in the course, you might have questions like what is inside, where you should start, do you need to read the PMBOK Guide, and so on. So, let’s talk about this course a little and make such questions clear for everyone.

We start with some basic terms related to project management. Let’s see, which terms we are going to define.

In this lecture, I will talk about the definition of Project, Portfolio, and Program. First, I will explain what a Project is, after that we will discuss why we initiate projects. Then, we will understand what a Project and a Portfolio is.

In the previous lecture, we understood what a project, a program, and a portfolio are. Now we can talk about Project Management and why it is important.

Let’s discuss the Program Management and the Portfolio Management.

Errata

Organizational Project Management, or in abbreviated terms “OPM”, provides guidance while doing all of the organizational work. It defines the strategic framework to achieve the strategic goals of the company.

In the previous lectures we have mentioned the word “Operation” a few times but we haven’t talked about what the operation is. In this lecture, we will understand what the operation is and we will see the differences between an operation and a project.

Project Management Office, which is generally abbreviated as PMO, is a department within an organization, which provides, shares and maintains the standards and the procedures to manage the projects. Here in this lecture, we will talk about what a Project Management Office is and what it does.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

In this short lecture, we will talk about Organizational Governance and Project Governance.

In the previous lecture, we have learned the terms “Organizational Governance” and “Project Governance”. In this lecture, we will talk about the Organizational Structure.

As you remember from the previous lecture, there are 3 major Organizational Structure types. These are: Functional, Matrix and Project-oriented organizations. Let’s discuss the advantages and disadvantages of these organization types.

An example to clarify what I said in the previous lecture.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

Who is the Project Manager? Of course, he is the one who manages the projects. In most of the cases, he is responsible for everything about the project.

In the previous lecture, we have talked about the role of the Project Manager. Now, it is time to talk about the Stakeholders.

In the previous lecture, we have learned the definition of “Stakeholder”. Now, we will learn who the Project Sponsor is and after that, we will talk about the role of the Project Sponsor.

Project works are done by the Project Team. They are the ones who plan, execute and monitor and control the project. Some of the Team members may work during the Initiation and the Closing. Let’s talk about the role of the Project Team.

In the previous lecture, we have mentioned some key roles of the Project Team members. Now, we will talk about the role of the Functional or Resource Manager.

Up to now, we have seen most of the stakeholder roles. In this lecture, we will talk about two more: The Role of the Program Manager and the Role of the Portfolio Manager.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

In this lecture, we will talk about the difference between two concepts: The Project Life Cycle and The Project Management Processes. You may confuse these two terms. These are different than each other and therefore, you need to know the difference between them.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

REALISTIC EXAM QUESTIONS in Test Format

In this lecture, we will talk about what is important and what is not important for the exam.

First of all, let’s explain the term ITTO. What is ITTO? We will talk about the ITTO’s in the following sections. But just to give you an idea about this term, ITTO is the abbreviation of Inputs – Tools & Techniques – and Outputs.

Our first frequently used ITTO is the Organizational Process Assets. Some sources abbreviate it as OPA. In this lecture, I will explain what the Organizational Process Assets are and I will also give some examples of that.

In the previous lecture, we have learned the Organizational Process Assets which are the input of most of the Processes. Just like the Organizational Process Assets, there is one more ITTO called Enterprise Environmental Factors, and this is also the input of most of the processes. Let’s learn this ITTO then.

In this lecture, we will see what an Assumption Log is. This is also a frequently used ITTO, therefore we need to know it very well.

Up to now, we have learned three of the most frequently used ITTOs: Organizational Process Assets, Enterprise Environmental Factors, and Assumption Log. In this lecture, we will learn three more which are relevant to each other.

In this short lecture, we will talk about Expert Judgment, which is one of the most frequently used ITTO.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

In this lecture, we will mention the Data Gathering, Data Analysis, and Data Representation tools and techniques. These are the group of tools and techniques which are categorized by their function. I will explain these tools and techniques briefly in this lecture, then in the future lectures, I will talk about some of them which are important for the exam in detail.

Up to here, we have mentioned some of the most frequently used ITTOs. Now, in this lecture, we will mention one more: the Project Management Information System.

In the following lectures, we will see that some of the estimating techniques are frequently used in project management. These techniques are: Analogous Estimating, Parametric Estimating, Three-point Estimating, and Bottom-Up estimating. We generally use these techniques for both cost and duration estimates. Let’s briefly discuss each of them right now. In the future sections, we will explain them in detail.

In this lecture, we will learn another frequently used ITTO: Decision Making.

The success of a project is closely related to Interpersonal and Team Skills. This is why it is one of the frequently used ITTOs. Some of the Interpersonal and Team Skills we will discuss are: Facilitation, Conflict Management, Meeting Management, Leadership, Influencing, Motivation, Emotional Intelligence, Active Listening, Networking, Political Awareness, Cultural Awareness, Nominal Group Technique, Observation/Conversation, Negotiation, Team Building, Communication Styles Assessment.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

In this lecture, we will talk about what is important and what is not important, for the exam.

In this section, we will have a brief introduction to the knowledge areas and the process groups.

Before talking about the process groups, let’s start with the definition of the Process.

In the previous lecture, we have learned what a process is. Now, we are ready to talk about the Process Groups.

In this lecture, we will talk about the Knowledge Areas. At the end of this lecture, you will have a general idea about each knowledge area; so after we start to the knowledge areas sections, you will be able to understand the concepts better.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

In this lecture, we will talk about what is important and what is not important for the exam.

Before the project is chartered, some analysis should be done to decide whether to start or not to start the project. These analyses are called the Project Selection Methods, which we are going to explain in this section.

Before starting the project, some analysis should be conducted to decide whether or not to start the project. Sometimes, not starting a project, may be a better option than starting it. There are some methods help us to make the right decision.

I.R.R. is the abbreviation of the Internal Rate of Return. Internal Rate of Return calculation is very complicated, but the good news is you don’t need to know how to calculate it for the exam.

The Payback Period is the time required to repay the investment with net cash outflow generated after the project is closed.

Another Economic Model for project selection is the Cost-Benefit analysis. In this method, the cost of the project is compared with the benefits of the project.

Before starting the present value lecture, let’s understand what the Present Value means.

Next and the last economic model is the Net Present Value.

Up to now, we have learned some of the Project Selection Methods. Now, let’s briefly talk about how to select the project; this is, we will learn which project is the best project according to the results we get from the Economic Models.

In this lecture, I will explain some of the accounting terms you need to know for the exam.

This mini-quiz will help you to review what you have learned in this part of the course. Questions are kind of easy, but by solving them, you will be reinforcing what you have learned up to now.

REALISTIC EXAM QUESTIONS in Test Format

In this lecture, we will talk about what is important and what is not.