Whenever a new credential emerges, finding study material can be extremely challenging – after all, who said it was easy being one of the pioneers?! The latest PMI exams (PMI-RMP and PMI-SP) are no exception. We’ve posted PMI-RMP tips for those that prefer to go the self-study route, and now, we’d like to share a few tips for the PMI-SP certification exam. This should get you started by answering the question: how do I prepare for the PMI-SP exam?
Those that have struggled the most with this credential (and the PMI-RMP, for that matter) are non-PMPs. The reason is that you need to have a foundation of the PMBOK Guide. After all, scheduling doesn’t occur in isolation, right? Achieving the credential states that you have hands-on experience as a scheduler, and that you have a working knowledge and understanding of PMI’s scheduling practices and processes. This means that, as you are preparing for the exam, your experience will be key, BUT… you need to open yourself to learning the PMI standards and guidelines. Each company approaches scheduling differently, so imagine speaking the same lingo across multiple organizations – it’s very efficient! Now that you have been properly prepped, let me share the following tips:
1 – Review and understand the PMBOK Guide. Focus on Integration and a high-level understanding (I recommend becoming a PMP first if you are not already, although it is not required). You should be familiar with the 5 process groups and the 9 knowledge areas. Don’t overwhelm yourself – focus on the high-level concepts.
2 – MASTER the Time Management Knowledge Area in every sense. Know and memorize the inputs, tools and techniques, and outputs of each of the 6 processes: Define Activities, Sequence Activities, Estimate Activity Resources, Estimate Activity Durations, Develop Schedule, and Control Schedule.
3 – Understand the processes that interact with the above 6 time management processes. For example, in order to generate the Activity List out of the first process (Define Activities), you must have generated the WBS. What is the WBS, and where does it come from? You should know this.
4 – Study the Control Costs process. Earned Value Management (EVM) is used as part of controlling the schedule. In the PMBOK Guide, EVM is covered in detail within the Control Costs process, out of the Project Cost Management Knowledge Area. That means knowing the following EVM formulas: SV, SPI, CV, CPI, EAC, ETC, TCPI, VAC. Know how to read the results.
5 – For network diagrams, practice calculating a forward pass, backward pass, total float, and free float. This includes calculating network diagrams that contain start-to-start (SS) and finish-to-finish (FF) logical relationships with leads and lags. In class, we go through many examples of calculating these. Expect to see a few on the exam.
6 – Study the Communications Management Knowledge Area. If a good project manager spends 90% of their time communicating, wouldn’t you say that a scheduler also communicates as much? Remember that communication is part of all people interaction, including the distribution and sharing of reports.
7 – Read the Practice Standard for Scheduling. Familiarize yourself thoroughly with the schedule model and understand the component terms.
8 – Preparing for the exam is not just about mastering the content. It’s also about test-taking strategies. Go through as many practice questions as you can get your hands on from reliable sources. We offer a $25 full length practice exam that also contains an additional 120 questions (that’s almost 300 practice questions). In addition to this, there are several other good sources out there that you can take advantage of – but again, make sure they are reliable.
I hope this will get you started in your quest to get PMI-SP certified! Best of luck!