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What is the Certified Project Manager (CPM) Exam?
The CPM Exam consists of 33 31 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.
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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 executedPricefx 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.
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8-9 multiple choice or/and ordering or/and drag and drop questions.
1-2 business case question with short open answer option.
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In total the CPM candidate needs to answer 33 31 questions (27 multiple choice or/and ordering or/and drag and drop and 6 4 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. This learning path points to different other courses in LMS, that all need to be completed. Here you find:
Pricefx Project Methodology
Pricing Knowledge, presented as a separate link to a separate course that needs to be followed
Product Knowledge - here you find a reference to the other training modules to be followed.
Review examples of business scenarios for the Pricefx demo. A recording on the Pricefx demo can be found here (if that link does not work, please try this link). If you can demonstrate the same skills as in this recording, you should be able to pass this part of the exam. This requires you have access to a Demofx system, either the partner system you have, or the education system access you got from an earlier classroom training.Review the sample exam (10 questions) in Pricefx Learning Hub, to get used to the system and the way the questions are asked. The demo exam is only there to show you the mechanics of the exam questions; the questions are not a representation of the content or difficulty of the real exam.
These are the minimum mandatory materials to study for the PM Certification exam.
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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% 63% 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%63%, the exam can be retaken later. Only the parts which scores were below the 60% 63% 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.
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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.
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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 in advance. Due to a limited number of proctors the lead time can be longer during periods of high demand.