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The Three Exam Domains
The PMP exam tests you across three domains. Questions are scenario-based — they test judgement, not memory. You are always the PM making the best decision for your team and stakeholders.
The exam will never ask you to fire someone first, escalate to senior management immediately, or ignore a problem. The correct answer almost always involves communicating proactively, empowering your team, and resolving issues at the lowest level first.
The PM Mindset Framework
50% of PMP questions test your decision-making mindset. These are the non-negotiable mental models that guide every correct answer.
Essential Formulas — EVM & More
Earned Value Management (EVM) is the most heavily tested quantitative area. Know these formulas cold — understand what each number tells you about your project’s health.
| Acronym | Name | Formula | What it means |
|---|---|---|---|
| PV | Planned Value | Planned work × Budget Rate | What the work should have cost by today |
| EV | Earned Value | % Complete × BAC | Budgeted value of the work actually done |
| AC | Actual Cost | Actual spend | What you actually spent to do the work |
| CV | Cost Variance | EV − AC | Negative = over budget |
| SV | Schedule Variance | EV − PV | Negative = behind schedule |
| CPI | Cost Performance Index | EV ÷ AC | <1 = over budget; >1 = under budget |
| SPI | Schedule Performance Index | EV ÷ PV | <1 = behind; >1 = ahead of schedule |
| EAC | Estimate at Completion | BAC ÷ CPI | Forecast total cost based on current performance |
| ETC | Estimate to Complete | EAC − AC | Remaining cost needed to finish |
| VAC | Variance at Completion | BAC − EAC | Negative = project will go over budget at end |
| TCPI | To-Complete Performance Index | (BAC − EV) ÷ (BAC − AC) | Efficiency needed to meet budget target |
| PERT | 3-Point Estimate | (O + 4M + P) ÷ 6 | Weighted average of Optimistic, Most Likely, Pessimistic |
| Comm. Channels | Communication Channels | n(n−1) ÷ 2 | More team members = exponentially more channels |
| Float | Total Float / Slack | LS − ES or LF − EF | How long a task can delay without delaying the project |
EV is always in the middle. CV = EV − AC (Cost: did we earn vs what we spent). SV = EV − PV (Schedule: did we earn vs what we planned). Performance indexes divide EV by the other value. Negative variances are bad. Index below 1.0 is bad.
Agile vs Predictive — Know Both
The PMP exam is ~50% agile/hybrid. You must be fluent in both worlds and know when to apply each approach — or combine them in a hybrid model.
🔁 Agile / Scrum
- Work delivered in short iterations (sprints, typically 2 weeks)
- Scope is flexible — requirements evolve with customer feedback
- Product Backlog managed by Product Owner; refined continuously
- Daily standup: What did I do? What will I do? Any blockers?
- Sprint Review: demo working product to stakeholders
- Sprint Retrospective: how can the team improve its process?
- Scrum Master is a servant leader who removes impediments
- Velocity measures how much work a team completes per sprint
- Definition of Done: shared team agreement on “complete”
- Embrace change — change is a competitive advantage
📐 Predictive / Waterfall
- Work planned upfront in phases: Initiate → Plan → Execute → Close
- Scope is defined and baselined; changes go through CCB
- WBS breaks scope into manageable deliverables
- Critical Path Method (CPM) identifies longest path = project duration
- Baseline: scope, schedule, and cost baselines set early
- Change Control: all changes formally evaluated and approved
- Lessons learned documented at project close
- Project Manager actively manages all constraints
- Suitable for well-defined, stable requirements
- Risk Register updated throughout; responses planned upfront
⚡ Hybrid Approach — When to Use What
Process Groups & Knowledge Areas
PMBOK 6 organises project management into 5 process groups and 10 knowledge areas. These are the building blocks — understanding the flow helps you answer “what should the PM do next?” questions.
Initiating
- Develop Project Charter
- Identify Stakeholders
- Authorise the project
- Assign Project Manager
Planning
- Develop Project Mgmt Plan
- Define/Collect Requirements
- Create WBS
- Develop Schedule & Budget
- Plan Risk, Quality, Comms
Executing
- Direct & Manage Project Work
- Manage Quality
- Acquire / Develop Team
- Manage Stakeholder Engagement
- Conduct Procurements
Monitor & Control
- Monitor Project Work
- Perform Integrated Change Control
- Validate / Control Scope
- Control Schedule & Costs
- Monitor Risks & Comms
Closing
- Close Project or Phase
- Document Lessons Learned
- Release Resources
- Final Stakeholder Sign-off
The 10 Knowledge Areas (PMBOK 6)
Integration is the most important — it ties all other areas together. The Project Manager is the integration point. Everything flows through the Project Management Plan.
High-Value Concept Summaries
PMI Code of Ethics
The PMI Code of Ethics governs how PMP-certified professionals must behave. These four values appear directly in exam questions — especially in difficult situational scenarios.
If you discover someone is behaving unethically — a sponsor accepting gifts, a vendor being dishonest, a team member falsifying data — always report it through proper channels. Ignoring it, covering it up, or waiting to see what happens are never correct answers on the PMP exam.
Quick-Fire Answer Rules
When you’re unsure on a question, these decision rules eliminate wrong answers fast. Internalise these and they’ll save you on dozens of questions.
