PMHub now offers you the benefit of daily guidance to help you stay on the road to success with the project management exam or to sharpen and exercise the project management skills you already possess. Each edition of the PMHub Tip of the Day will give you a question of the day, daily terminology booster, and links to other helpful tools that will prepare you for exam success.

Finally the most complete preparation kit available for the PMP Exam is available. Updated to reflect the changes to the 3rd Edition PMBOK® Guide and the new PMP Exam that went into effect on September 30, 2005. Save over $50 compared to purchasing the products separately and get a free laptop style carry bag and two quick reference documents.

The kit includes the following.....

Certification Exam Manual with 530 questions and exam simulation CD-ROM

Exam Simulation Book with 530 additional questions

Exam Simulation CD-ROM with 26 tests and over 3500 questions to allow creation of custom tests with over 16 custom topics

Terms and Definitions Audio CD

Understanding the Processes Audio CD

Placemat Volumes 1, 2, & 3 (11" x 17" double sided and laminated)

416 Flashcard Set

Two quick reference documents for 3rd Ed PMBOK® Guide

Laptop Style Carry Bag

Buy now . . .

The construction project is scheduled to run until the end of the year. There is the possibility that the union collective bargaining agreement will not be renewed immediately upon its expiration in the next month. If this happens, the Project Manager and Senior Management have decided that the project will be cancelled because the union labor play a key part in the success of the project and any delay will cause a business opportunity to be missed. This is an example of what type of risk response?

(a) Mitigate
(b) Transfer
(c) Accept
(d) Avoid

Decision Tree Analysis (Technique)

The product of multiplying the monetary value and probability of the risk event; helps an organization make decisions based on potential outcome and impact

In the communication model, if the Project Manager is communicating to the receiver which of the following will they focus on delivering and ensuring that it can be decoded correctly?

(a) Feedback
(b) Medium
(c) Noise
(d) Message (Correct)

Explanation: In the communication model the sender conveys the message to the receiver. The feedback is the communication from the receiver to the sender to either clarify the message or acknowledge understanding. The medium is the format used to deliver the message. Noise is anything that distorts the message.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com

Question of the Day

The construction project is scheduled to run until the end of the year. There is the possibility that the union collective bargaining agreement will not be renewed immediately upon its expiration in the next month. If this happens, the Project Manager and Senior Management have decided that the project will be cancelled because the union labor play a key part in the success of the project and any delay will cause a business opportunity to be missed. This is an example of what type of risk response? (a) Mitigate (b) Transfer (c) Accept (d) Avoid

Terminology of the Day

Decision Tree Analysis (Technique) The product of multiplying the monetary value and probability of the risk event; helps an organization make decisions based on potential outcome and impact

Answer and Explanation to Yesterday's Question

In the communication model, if the Project Manager is communicating to the receiver which of the following will they focus on delivering and ensuring that it can be decoded correctly? (a) Feedback (b) Medium (c) Noise (d) Message (Correct) Explanation: In the communication model the sender conveys the message to the receiver. The feedback is the communication from the receiver to the sender to either clarify the message or acknowledge understanding. The medium is the format used to deliver the message. Noise is anything that distorts the message. For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com