Here you can find all information that is needed for preparing for the Pricefx Certification for Project Managers. This page provides important Certified Project Manager Exam instructions and guidelines. Please review the entire page before proceeding to exam registration.
What is the Certified Project Manager (CPM) Exam?
The CPM Exam consists of 33 different types test questions (e.g. multiple choice, ordering, drag-and-drop, business case open questions). All questions are based on the mandatory study content of Exam Prerequisites that you will find below. Three of the questions are based on business cases you need to demo in your Pricefx partition. These are (very basic) demos around the Pricefx Core Modules: PriceBuilder, PriceAnalyzer and QuoteConfigurator.
Audience:
This exam is intended for Project Managers, with at least 2 years of Project Management experience in implementing software projects.
Scope of the exam:
The exam should be testing the knowledge that has been acquired during the Pricefx Project Management Certification training/studying. There are four pillars of the learning path and exam:
Pricing knowledge: this is about pricing concepts and how pricing is done in different industries
Product knowledge: this is about the Pricefx software and the modules
Pricefx Project Methodology: this is about the way Pricefx projects should be executed
Pricefx Demo Skills: you should be able to use on a very basic level the Analyzer module, Price Setting Module and the Quoting module
Exam objectives:
To verify sufficient understanding and knowledge of key pricing concepts.
To verify sufficient knowledge of the product and demo skills of core modules.
To verify sufficient knowledge of the product implementation and team methodology.
CPM Exam Format
The exam is taking place in the Pricefx Learning Hub. The CPM candidate will have access to the sample exam prior to the exam.
The first three topics (Pricing, Product and Project Methodology) will include
...
:
8-9 multiple choice or/and ordering or/and drag and drop questions.
1-2 business case question with short open answer option.
The demo skills topic will include three business cases that need to be demonstrated in the system. As the exam will be recorded, you can demo this during the recording and explain verbally what you are doing.
In total the CPM candidate needs to answer 33 questions (27 multiple choice or/and ordering or/and drag and drop and 6 business cases).
Total exam duration: 2 hours 30 minutes.
Exam Prerequisites
The Project Manager Certification Exam is the final step in becoming a Pricefx Certified Project Manager. Before the exam all candidates should perform the following steps:
Follow the following learning path in LMS: Project Management Certification. In case you don’t have access to LMS, please contact your partner manager.
Review the sample exam (10 questions) in Pricefx Learning Hub, to get used to the system and the way the questions are asked. As Pricefx system to do the demo in, use your own partner system for the learning and the exam.
Review examples of business scenarios for the Pricefx demo in the sample exam. A recording on the Pricefx demo can be found here. If you can demonstrate the same skills as in this recording, you should be able to pass this part of the exam.
These are the minimum mandatory materials to study for the PM Certification exam.
As recommended additional learning, we have the following additional resources:
Knowledge base: https://knowledge.pricefx.com: this has a lot of nice content around pricing and our software
LMS: there are other paid and free training sessions available. Please contact your partner manager to get access to these.
During the exam only questions will be asked around the LMS content, however for a better understanding it is good review additional content.
CPM Exam Evaluation
The final result of the exam: passed/not passed
All questions in the exam have the equal weight. For the correct answer the CPM candidate receives 1 point, for the incorrect answer - 0 points. Open questions will be evaluated on the same basis. The correctness of the open-ended questions will be based on the concrete criteria, e.g. mentioning of the concrete words/methods that have been presented in the study content.
The demo skills will be evaluated as a separate part of the exam. The demo skills will be also evaluated on base of 2 points per each module demo.
In order to pass the exam, the CPM candidate should have minimum of 60% correct answers overall. The correctness of the answer in Pricefx Learning Hub is graded automatically. Open-ended questions and demo skills will be reviewed by proctor and added to the exam total score.
In case the candidate fails to reach a score of at least 60%, the exam can be retaken later. Only the parts which scores were below the 60% need to be retaken.
The exam results should be available within 3 business days after the exam date. The proctor will send an email with the results to the Partner Manager of the candidate. If the exam has been successfully passed, then the Pricefx Certificate will be issued.
Materials allowed to use during the exam
As the exam is fully based on the materials that you have to study prior to the exam, no additional or supplementary materials are allowed during the exam.
CPM Exam Administration
The CPM Exam is administered as a recorded Teams meeting.
Ensure that you have checked the CPM Exam Requirements below 1 week before the exam start.
You need:
Strong & Reliable Internet Connection – Your upload speed needs to be at least 1.8Mbps. Verify your connection speed using http://internethealthtest.org/ against Prague and Chicago
Laptop with:
Audio, Webcam/External Webcam
The laptop’s microphone at maximum volume
The laptop is being charged during the Exam
Video conferencing tool installed – MS Teams and running before the exam start
Pricefx Learning Hub opened and you are logged in
Laptop connected to your strong reliable internet connection
Check the page on the exam requirements in terms of setup of your laptop: Interview - Required Setup (SD Exam) - Product Education - Confluence (atlassian.net)
An email invitation is emailed to you at least 2 weeks before the Exam and contains an Exam date/time and video conference link.
At the specified time, click the video conference link to attend the CCE Exam. An Exam proctor will greet you and:
Check your setup
Turn on the video recording (the recording must stay on for the entire duration of the exam)
Prompt you to present your Photo ID
Check that you are logged in to the Pricefx Learning Hub
Provide you an access to your individual exam
Check that you are able to log in to your Pricefx Partition
Rules during the Exam
Violation of any of these rules can result in Exam disqualification and the need to reschedule the Exam. Unforeseen events may also result in Exam disqualification.
You must be alone in a room that is distraction-free.
Your working table must be completely free.
If you need to do a bathroom break, let the proctor know.
Please make sure that you have water and any other supplements you may need during the exam before exam start.
The use of a phone during the exam is strictly prohibited and will lead to exam disqualification. Make sure that your phone is on a “do-not-disturb” mode.
Be sure that the room is bright and that you have proper lightening in the hour before sunset.
You must set the audio of your smartphone at maximum volume and the microphone must be enabled throughout the entire Exam.
The recording of the video conference must run throughout the entire Exam (note: if for any reason the video conferencing recording is paused or stopped, the Exam will be disqualified and will need to be rescheduled).
The side-view video & computer screen share must run throughout the entire Exam (note: if for any reason the side-view or computer screen share drops, the Exam will be disqualified and will need to be rescheduled).
Your internet connection must be reliable and specifically the Upload speed at least 1.8 Mbps. You can verify your speed using http://internethealthtest.org/ , check against Prague and Chicago.
If your internet connection drops/disconnects, you must terminate the exam and contact the Proctor to reschedule.
Once you finished the exam, you can leave the Teams meeting by notifying the proctor.
How to schedule and exam
Contact your partner manager to schedule an exam. As there needs to be a proctor on the Pricefx side available, we plan exams at least two weeks in advance, but preferably 3-6 weeks.