From what I've read online, the average person preparing for the PMP exam spends about $1000 on prep materials and studies for 4 months, and still only about 51% pass on their first try. Not counting the PMI membership and exam fee, I only spent $50 on Andy's book and studied for 11 days, and I passed. However, I'm not super special; I just wanted it very bad and worked very hard to get it. I thought it was helpful to read about how others prepared for the test, so here's my story:
I have worked in IT for about 15 years, I have a Masters degree, and I've managed numerous small to medium sized technology integration projects. My largest was a $1.3 million dollar infrastructure upgrade of four dispersed contact centers. Unfortunately, the economy was tough on my company and I was laid off in late June. After not getting much response from the numerous jobs I applied for, I decided that I needed to upgrade my skills with some recent certifications. While several of the technically oriented ones (CCNA, MCITP, Security+) seem to be in demand, I didn't think that they would lead me into a position I would enjoy. My personal talents seem to be more in line with organizing and leading projects, and that's what I want to do. Incidently, I also have a Project Management certificate from Portland State University's professional development program from about 9 years ago. I spoke with a career counselor, and she suggested that with my background, getting the PMP would seriously boost my chances of landing a good job.
The PMP application is a beast if you take it seriously. I went through all my old job reviews for the past 8 years and listed out every project I was ever involved in. Breaking them down and estimating the hours spent on each activity from each project was hard. It took me a whole day to fill out the application online... but maybe I took it too seriously! Five days later, I got the news that my application was accepted and I bought Andy's book to start preparing.
I tried reading the PMBOK first, but all I have is an online PDF version, so it was kind of tough to stay focused. Therefore, I just resorted to reading every chapter in Andy's book numerous times and doing all the exercises and quizzes. The first time through, I averaged an 80% on the quizzes. The second time through, I averaged a 90%. The first time I took the full-length practice exam in the book, I got an 82%. I then went online to Crowe's site [...] and used the week-long free pass that comes with the book. I started to watch all the online PMP videos that were there, but I was bored out of my mind (it just seemed like someone reading the same material that was in the book). Therefore, I ended up taking numerous full-length practice exams from the testing lab instead. I took 1 or 2 of these exams per day, scoring 90%, 82%, 98%, 93%, 90%, and 87% (the range depended on which random questions came up and whether I remembered the right answers). Since I was scoring so well, I wondered if Crowe's tests were too easy. Therefore, I took the free practice exams from [...] (among others). My average scores on those sites were around 72%, and I made note of the questions I missed and either looked up the material on the Internet or in the PMBOK. There were numerous topics of material in those tests that weren't covered (or covered well) in Crowe's book, but the clarifying material was easy to find for free. I later read that the tests at those various sites are extra hard just to scare potential PMP-ers into thinking they won't do well unless they buy the prep services from those different companies. The final prep exam I took was a retake of the one in the back of Crowe's book, which I scored a 95% on the day before taking the real test. In my opinion, the real PMP exam was about the same difficulty as that one in the book and it covered approximately the same material. There were absolutely no questions on the real exam about topics that I hadn't read about, so I felt that my preparation was very good.
PMI doesn't give you a numerical score anymore, so I don't know what my overall passing percentage was. Crowe says that a passing score is 61%, but that the test is harder than in the past, but I've seen other sites that say the passing score is actually 70-75% now. The results page after the test just shows pass or fail, and a breakdown of proficiencies in each process group. "Proficient" is supposed to be above average, "Moderately Proficient" is supposed to be average, and "Below Proficient" is below average. My scoresheet looked like this:
Examination: PASS
Initiating: Moderately Proficient
Planning: Proficient
Executing: Proficient
Monitoring and Controlling: Moderately Proficient
Closing: Moderately Proficient
Professional and Social Responsibility: Moderately Proficient
(Based on this, I would guess that I probably scored in the low 80s overall.)
My advice to someone else trying to take the latest version of the PMP exam is to:
1. Buy Andy Crowe's book and read it thoroughly numerous times. Cross reference it with the PMBOK if you need clarification.
2. Memorize all of the earned value formulas (page 182 of the current book) and be able to calculate them easily.
3. Memorize the process framework (listed on page 36) and truly understand how each of these processes work and how they fit into the overall project phases.
4. Pay special attention to the Time Management knowledge area, and understand how a project network diagram, critical path, and float work.
5. Take numerous practice exams until you are easily scoring in the 90%+ range, and really explore the questions that you miss so that you understand the material or reason why that question tripped you up.
Andy's book does have numerous editing errors (typos, misspellings, etc), but there is nothing wrong with the actual material. Given that I only spent $[...] on the book and passed, it was a great deal! Now I just have to go get a job so I can put the PMP to use!!! ;o)