PMP Exam Prep Cheat Sheet 2024

PMP Exam Prep Cheat Sheet - 2024

• This document is a 2024 PMP exam prep cheat sheet.
• The last update was in December 2024.
• Revisions are noted on the last page of the document.
• Uploading, copying, editing, or sharing this document without permission is prohibited.
• Access is valid for 6 months from the date of purchase.
• The document details PMP/Scrum Master concepts, characteristics, do's and don'ts, guiding principles, mindset section, how to tackle questions, keywords, steps to take, and the difference between risks and issues.

Mindset

• The mindset section is crucial for exam preparation.
• It provides key decision-making strategies for Project Managers/Scrum Masters.
• It contains personal notes, user tips, and video information.
• Leading principles are proactive servant leadership and good stewardship.

Guiding Principles

• Do's: Adhere to procedures, prioritize team needs, focus on project/customer success, and involve stakeholders actively.
• Don'ts: Don't bypass steps, processes, or documentation.

How to Tackle Questions

• Rely on provided information, avoid assumptions.
• Follow the sequence: Assess, Review, and Take Action (A.R.T).

Keywords and Steps

• Keywords are identified within the questions.
• Proactive planning, effective communication, risk management, and ethics are emphasized in the step-by-step guidelines.

Risk vs Issue

• Risk: Uncertain events that could potentially occur in the future. Keywords often include may/might/could. Actions include implementing risk responses or risk register updates.
• Issue: Problems that have started occurring. Keywords in questions often include will/should/has. Actions include fixing the issue or escalating to a stakeholder.

Traditional vs Agile

• Predictive (Waterfall): Traditional project approach focuses on planning upfront. Work is sequential. Scope is relatively stable.
• Agile: Iterative and incremental approach, with continuous feedback and scope adaptation.

Project Management Plan vs Charter

• The project charter is a high-level authority document that initiates a project; it identifies project objectives, scope, and responsibilities.
• The project management plan provides a detailed roadmap for project execution and management, including scope, schedule, cost, quality, resources, communications, and risk management procedures.

PMI Process Groups

• Initiation
• Planning
• Execution
• Monitoring and Controlling
• Closing

Other Topics

• Managing virtual teams
• Resolving conflicts
• Project closure
• Team and individual performance
• Communication management
• Importance of the stakeholder register
• Contract types: Firm fixed price (FFP), fixed price incentive fee (FPIF), fixed price with economic price adjustments (FPEPA)
• Cost-reimbursable contracts: Cost plus fixed fee (CPFF), Cost plus incentive fee (CPIF), Cost plus award fee (CPAF)
• Time and materials (T&M)
• Project Business Case vs Benefits Management Plan
• Issue log, Change log, and Assumption log
• Differences between predictive and agile project types
• Role and responsibilities of project sponsor, manager, and functional manager

Data Representation Techniques

• Control charts, flowcharts, cause-and-effect diagrams, affinity diagrams, histograms, matrix diagrams, and scatter diagrams for quality control and evaluation of deliverables.

Estimating Tools and Techniques

• Expert judgment, bottom-up estimating, analogous estimating, and parametric estimating using historical data to identify project completion times.

Scheduling Techniques

• Rolling wave planning and adaptive planning
• Lead and lag
• Resource leveling and smoothing

Risk Management

• Identifying, assessing, mitigating, accepting, and transferring risks.

Opportunities

• Exploiting, enhancing, accepting, sharing, and escalating opportunities

Prepare for the PMP Exam with this comprehensive 2024 cheat sheet. It covers essential concepts for Project Managers and Scrum Masters, including guiding principles, mindset strategies, and key decision-making tips. Stay informed about do's and don'ts, and understand the differences between risks and issues for successful exam preparation.