The second contributing factor for students to pass the PMI-PfMP exam from the first attempt is practicing high-quality exam questions. As I mentioned earlier in the PMI-PfMP study plan, the PMI-PfMP exam questions are different than college and school exams! They are very objective, your ability to recognize and deal with each type of questions will increase your chances passing the exam from the first trial. You should expect questions from the following types:
Situational Based Questions. The most difficult type of questions in the PMI-PfMP exam, such type of questions will test your ability to apply the theoretical knowledge you learnt into real life examples and applications in managing portfolio activities in the context of portfolio management. Usually they are tricky and long, it involves a lot of reading and therefor it will consume time. It’s important to recognize the important part of the question in order not to waste time, the other challenging part of this type of questions is that the four options might look acceptable, you should select the best answer.
Math Based Questions. In such type of questions, you need to use basic math to solve. For the PfMP exam, this type of questions will be about the weighted ranking method used in prioritizing the portfolio components.
ITTO Based Questions. ITTO refers to Input, Tool, Technique, and Outputs. Direct questions based on the ITTO’s of the 16 portfolio management processes will ask you about the input, tool, techniques, or output of the process given in the question. Some questions will describe a process and ask you about the most appropriate input/output/tool/technique which could be used in the process. You first need to decide which process the question is describing and then select the right answer. It’s hard to memorize all ITTO’s of the 16 processes, but you need to understand them for each process. Expect questions of this type specially in the risk and communication management knowledge area processes.
Definition Based Questions. The simplest type of questions, there are important terms you need to be aware of for the exam, those questions will ask you about the definition of a specific portfolio management term or will define the term in the question and ask you to select the term the question is defining from the four options.
It’s important to practice all types of questions listed above before you go for the real PMI-PfMP exam, it’s also important to practice simulated tests within a time frame of four hours. The online market is full of simulated tests, and I have created a course on where I put 510 questions together divided into three simulated exams, all are based on the PMI standard for portfolio management third edition and structured as per the PMI-PfMP exam content outline including all question types stated above. My mock exams are to be carried out in a simulated environment like the real exam with a timer. You can pause the test in between and you are allowed to re-take the test later. Your test will resume from where you left, but the test time will be reduced by the amount of time you've taken in the previous attempt. Those simulated PMI-PfMP exams may be used in several ways, if you take it as a final, you will get a very good idea how you would do if you walked right in to take the PMI-PfMP exam. In that way, it can be a very good readiness indicator, use this exam again and again to practice before you go for the real exam. A passing score of this exam is 136 out of 170, which is 80%, I advise you repeat this exam more than one time until you reach a score of not less than 90%, you can enroll here for those simulated tests for a price of $79.
How to know if you are ready for the real exam?
By checking your test scores in the mock tests you will go through, you can check your readiness for the exam. Doing some surveys and from my own experience preparing students for the exam, practicing those three tests and other high-quality tests while getting a score of 80% and above in each from the first time will make your chances to pass the PMI-PfMP exam from the first trial very high. The best in the course above that you will find detailed explanations for each question, you need to give attention for those explanations, as passing through them will be considered as a review for the PMI-PfMP exam content.
Rest assure that I wrote the mock exams questions few days after I passed my PMI-PfMP exam, so I guarantee you seeing a lot of my questions in the real PMI-PfMP exam. At the end, in the PMI-PfMP exam a pass is a pass, the PMI-PfMP certificate you will receive will not show your scores, whether you score all moderately proficient, proficient, or even below. While you are practicing questions to prepare for the PMI-PfMP exam, try the same exam 2 or 3 times is often good for practice, but if you would like to assess whether you are exam ready, remember to evaluate only with your first-time results.
Need more mock tests?
The online market is full of exam simulators; i searched the internet and below I am listing some of the most popular ones.
PfMP questions bank - 2 real-exam tests by Udemy
The course includes 2 full tests simulating the real exam. Each test contains 170 questions. Each question includes: Scenario, 4 available options to answer, and detailed rationale. The course includes concepts that are not found anywhere else in the market for PfMP. Including: Composite Index, Efficient Frontier, and Balanced Scorecard. We take pride of having the most detailed rationales in the market. Our rationales not only include references, but detailed explanations of each concept and detailed approach resulting in the correct answer option. The course is updated frequently to reflect the ongoing changes in PfMP exam and to reflect the exam-related version of the Standard. You can have a look at the course description through the link here, and it is available for purchase for a price of $49.99.
PfMP Practical Exams - The most Real Exam Ideas on Udemy.
This course of "PfMP Practical Exams - The most Real Exam Ideas" is an awesome way for the PfMP candidate to solidify his knowledge and to see what areas he might be weak in. These practical exams contents practical questions and answers, to cover all PfMP exam performance domains based on “The Standard for Portfolio Management–Third Edition”. These practical exams simulations are content the following:
- All Q&A Covered Chapters 1, 2,3, and General Exam Ideas to cover the first three chapters of the Standard for Portfolio Management–Third Edition, and a collection of essential questions you may find in the PfMP exam the answer depends on your experience. As we have already mentioned, you find many questions in the exam from outside the SPM.
- All Q&A Covered Chapters 4 Portfolio Strategic Management (Strategic Alignment Performance Domain)
- All Q&A Covered Chapters 5 Portfolio Governance Management (Governance Performance Domain)
- All Q&A Covered Chapters 6 Portfolio Performance Management (Portfolio Performance Domain)
- All Q&A Covered Chapters 7 Portfolio Communication Management (Communication Management Performance Domain)
- All Q&A Covered Chapters 8 Portfolio Risk Management (Risk Management Performance Domain)
You can have a look at the course description through the link here, and it is available for purchase for a price of $49.99