What are merits and demerits of PMI?

There is one big advantage and one big disadvantage of PMI. The advantage – It lets homebuyers buy a home without having to wait till they have the full 20\% down payment. The disadvantage – The obvious disadvantage is the higher monthly cost for the borrower.

What is the limitation of Pmbok?

Disadvantages. Complex for small projects. Has to be adapted to the application area industry. Has to be adapted to the scope, time and budget and quality constraints.

Can I prepare for PMP in 2 weeks?

Do you think it is possible to pass the PMP exam with only a few weeks of study? You answer would be – Nah! It is next to impossible. Most people have been conditioned into thinking that one needs anywhere between three months to one year to pass the exam.

What are the disadvantages of PMI?

Cons of PMI

• Forego opportunity to save/invest that money instead.
• Increases your monthly payment.
• PMI can last for many years to come.

What is the benefit of PMI?

Private mortgage insurance enables borrowers to gain access to the housing market more quickly, by allowing down payments of less than 20\%, and it protects lenders against loss if a borrower defaults.

What are the negative sides of the PMBOK methodology?

Disadvantages of PMBOK. There are also concerns about lowering the willingness to improve by following the standards. Then, translation work to standardize project specific rules, customs, words, etc. is required, which may be time-consuming and labor-intensive.

What is the difference between PMBOK and PRINCE2?

PMBOK is a compilation of all the “generally accepted” Project Management knowledge. PRINCE2 is a process-‐based Project Management methodology, as: – It describes in detail the different activities to perform. – It describes what a Project Manager should know and should do.

Can you pass PMP with dumps?

Thirdly, the more dumps you practice, the more prepared you will be. Thus, it would be best if you get and throughly practice as many dumps as you can. It will enhance your chances to pass the PMI PMP certification exam at first attempt.

How hard is the PMP exam?

How Hard is the PMP Exam? The fail rate for the PMP exam is actually quite high at an estimated 40-50\% for first-time test-takers. There is no specific number of questions that must be answered correctly in order to pass the PMP exam. If you fail the exam, you can take it again, up to three times in one year.

Is PMP test hard?

PMP exam is considered as one of the most difficult project management exam mostly because of its huge syllabus, the dedication required, type & length of the questions asked, duration of exam & answer choices. it tests the candidate’s in-depth knowledge of Project Management skills & patience level.