The Final exam will be Monday, December 12 from 3:30-5:30 pm.
Prof. Hess will be available for last-minute questions on Monday in ME 3003B.
- 9:30-10:30 am
- 11:30 am - 1 pm
- 1:30-3 pm
All students will take the exam in CL50.
Some additional notes regarding the Final Exam:
- The exam will cover material from Lecture 30 (Gear Geometry) to Lecture 43 (GD&T) on the course schedule.
- The exam format will be similar to Exams 1 and 2 and to the exams posted on the course website: 25% short-answer questions and 75% work-out problems.
- The exam is closed-book and closed-note
- Final exam equation sheet (will be provided with the exam)
- You may also bring an 8.5" x 11" crib sheet to the exam. The crib sheet must be turned in with the exam.
- The exam will follow ME's calculator policy.
Final exam from previous semesters
I believe my practice has improved greatly since attending the CIMA program. I’m now able to demystify portfolio management by better setting client expectations and moderating their behavior through financial education. Read about Alex's experience »
—Alexander DiMartini, CIMA®, Managing Director at SoundView Wealth Management Group LLC
I am very happy to report that I passed the CIMA exam! Although I was part of the educational program at another school, there is no way I could have passed without the Chicago Booth review program and having been also granted access to the Chicago Booth CIMA program educational materials and live session videos. Kathleen’s voice was a constant companion as I listened to classes driving and even while on family vacation. Thank you so very much!
—Alan P. Jesiel, CFP®, CIMA®, Vice President, Senior Relationship Strategist, PNC Wealth Management
The University of Chicago has a well-planned approach to teaching the CIMA curriculum. All of the important concepts are covered in a clear, concise format. The professors really want to make sure you understand the material and go to great lengths to provide intuition behind some of the math concepts. The class is very interactive and the faculty make themselves easily accessible throughout the class. I strongly recommend this program to anyone considering attaining the designation.
—Todd Muentzer, CIMA®, ETF Specialist
This was a great overall experience. Kathleen does a great job presenting and reviewing the content. It was also beneficial to connect with other students preparing for the exam.
—Jon Maldonado, Financial Advisor, UBS Financial Services
Excellent program with in-depth analysis of calculation needed for course material.
—Robert Filetti, Robert Baird
This class was far above my expectations. This is a great value for the cost.
—Alicia Frye, Regional Business Consultant, Symmetry Partners
I got the passing score I needed to finally achieve my CIMA credentials. I was and am still ecstatic about this accomplishment and absolutely credit it to the Chicago Booth workshop and team for helping me get here. I would tell anyone interested in the CIMA program or who is trying to finish the certification process that the Booth workshop is the way to go.
—Jen Litton, CDFA, CIMA®
Having the two day review class at Booth is a major differentiator from the other education programs. Having a two day intensive review upon completion of the material helped me identify areas of weakness that I needed to focus on before the exam and embolden my confidence in the material I knew well coming into the exam.
—Greg Goin CFP®, CIMA®, CLU®, CRPC® Advisory Solutions Director
When you are ready, proceed to the current exam.
Read about the new Word Police training manual, Word Court, by Word Police Commissioner Barbara Wallraff.
Join a conversation on Word Police and Word Court in Atlantic Unbound's reader forum, Post & Riposte.
Read latest Word Court columns from The Atlantic Monthly, and browse the Word Fugitives archive, in The Court Record.
Sample Entrance Exam
Word Police exams consist of questions similar to the ones below. Here beneath each question we've told you which answer is correct, and explained why.
When you are taking an genuine exam, once you've answered all five questions, press the "Submit answers" button to have your responses scored. If you're not sure of the answer to any question, why not take your best guess? (No points are deducted for wrong answers.) You'll need to get at least four answers right to be allowed to proceed. On the next page, you will be asked a final question that you must answer correctly in order to pass the exam.
The genuine exams provide a clue about the intent of the questions that isn't available here -- namely, that each of them is the test for a particular squad or division. The questions on the entrance exam for any given squad will have to do with that squad's specialty. So, for example, on the entrance exam for the Number Unit, the focus of the questions will tend to be grammatical number (say, "the Word Police is ..." or "the Word Police are ..."?).
Copyright © 2000 by The Atlantic Monthly Company. All rights reserved.
Project management is one of the fastest-growing professions, with an estimated 25 million jobs expected to be created around the world by 2030. To fill these roles, businesses across industries are seeking new project managers with the qualifications and expertise necessary to make a positive impact in their organizations.
The Certified Associate in Project Management (CAPM)® and Project Management Professional (PMP)® are both specialized credentials offered through the Project Management Institute (PMI)® that Boost credibility and offer professionals opportunities to increase their skills, lead larger projects and advance their careers.
In order to choose the certification that best aligns with your intended career goals, it is critical to understand the differences between CAPM and PMP certification. These differences include prerequisites, cost, level of difficulty and industry-wide perception of the credentials.
Because those planning to earn CAPM certification are not required to have project management experience or a four-year degree, the CAPM is ideal for latest community college graduates or current undergraduates who want to bolster their resume with a credential that demonstrates a commitment to a career in project management.
While the CAPM is ideal for people beginning their careers, there are some additional prerequisites, including that candidates must complete 23 contact hours before taking the exam. Contact hours are hours spent in project management education or training. These hours can be completed on site or online, enabling candidates to fulfill this requirement without putting their professional, educational or personal obligations on hold. Some universities may also offer project management education at this level as a part of a degree program.
OR
- A four-year degree
- 36 months of leading and directing projects within the past eight years
- 35 hours of project management education/training or CAPM certification
- While the PMP certification does not require a bachelor’s degree, job candidates who hold a four-year degree have a significant advantage. PMP candidates with a secondary degree must have 60 months of experience in leading and directing projects to qualify, while those with a four-year degree are only required to have 36 months of experience.
- In addition, the PMP certification requires 35 hours of project management education, compared to the CAPM’s 23-hour minimum requirement. Purdue’s flexible online Project Management Essentials course fulfills the hourly requirement of both certifications.
CAPM vs. PMP Certification exam Cost
Professionals who pursue project management certification are making a valuable, long-term investment in their careers. Part of that investment does include exam fees.
The PMI requires a fee for both exams, with the cost of the CAPM exam at $225 for PMI members and $300 for non-members. The cost of the PMP exam is $405 for PMI members and $575 for non-members. See the table below for a quick comparison.
| PMI members | Non-members | |
|---|---|---|
| CAPM exam cost | $225 | $300 |
| PMP exam cost | $405 | $575 |
A one-year membership to the PMI is $139 and comes with many tools and templates for your professional use, including a downloadable copy of the Project Management Body of Knowledge (PMBOK® Guide).
Many companies offer professional development benefits that may cover employee education and professional credentialing costs. According to a 2022 survey by the Society for Human Resources, 78% of employers cover opportunities for professional skill development.
How Difficult Are the CAPM and PMP Certification Exams?
Because the CAPM is geared toward entry-level project managers or those who are considering a project management career, the CAPM exam is widely considered to be less rigorous than the PMP exam.
The CAPM exam questions are derived from the PMBOK® Guide, PMI’s global standards for project management, as well as other sources, which are listed (with the relevant chapters) in the CAPM exam reference list.
The PMP certification exam, on the other hand, is appropriate for individuals of varying experience levels — from those early in their career to established professionals with more significant project management experience — and is therefore more challenging to achieve.
Like the CAPM, the PMP exam also covers the PMBOK® Guide, but it also includes questions designed to test whether the candidate knows how to handle real-world project management scenarios.
To pass the PMP Exam, PMI not only recommends studying the PMBOK® Guide, the PMP Examination Content Outline and the PMP handbook, but also enrolling in a formal course of study offered by a PMI Authorized Training Partner (ATP), such as Purdue University.
CAPM exam Details
The CAPM exam consists of 150 questions that call for multiple-choice, hot spot and drag-and-drop responses, in addition to animations and comic strips. The exam questions cover four domains to integrate different project delivery approaches, with a specific proportion of questions in each.
| CAPM Domain | Proportion of exam Questions |
|---|---|
| Project Management Fundamentals and Core Concepts | 36% |
| Predictive, Plan-Based Methodologies | 17% |
| Agile Frameworks/Methodologies | 20% |
| Business Analysis Frameworks | 27% |
Candidates have three hours to complete the test, with a 10-minute break in the middle.
PMP exam Details
The PMP exam consists of 180 questions that fall under three domains in predetermined proportions. About half of the questions represent predictive project management approaches, while the other half represent agile or hybrid approaches. Questions regarding these different approaches are spread throughout the domains.
| PMP Domain | Proportion of exam Questions |
|---|---|
| People: includes managing conflict; building and leading a team; supporting team members and stakeholders; and collaboration | 42% |
| Process: includes communication, risk management, scope and schedule planning/management and project methodology selection | 50% |
| Business Environment: includes managing project compliance, assessing project value and integrating organizational change | 8% |
Candidates have 230 minutes to complete the exam, with two 10-minute breaks.
CAPM vs. PMP Certification: Industry-Wide Benefits
Considering that the CAPM certification is more affordable and requires less experience than PMP certification, project managers may ask themselves, “Why would I pursue PMP certification?” The answer is simple: The PMP is the most significant, industry-recognized certification for project managers worldwide.
PMPs work in a wide range of industries in almost every country. Many employers require PMP certification when hiring project managers because PMPs have demonstrated the knowledge and skills necessary to lead complex projects and direct project teams.
PMPs bring value to their organizations while advancing their own careers. Project managers with a PMP certification earn a 22% higher median salary than those without a PMP certification, according to PMI’s Earning Power Salary Survey.
While CAPM certification isn’t as widely recognized as PMP certification, it demonstrates knowledge of PMI’s project management framework and project management processes, which can certainly benefit candidates when applying for jobs. In addition, CAPM-certified employees have a working knowledge of the PMBOK® Guide, which can serve as an excellent first step to eventually pursue PMP certification.
Frequently Asked Questions
Is it possible to convert a CAPM to a PMP?
Converting to PMP certification is not an option. However, CAPM certification meets the PMP exam requirement for 35 hours of project management education/training, so you can achieve PMP certification faster.
How much experience do you need for CAPM certification?
CAPM certification does not require any professional experience, making it an attractive credential for latest graduates as well as anyone seeking to begin a career in project management. However, it does require a minimum of 23 contact hours of project management education.
How much experience do you need for PMP certification?
The experience needed to qualify for the PMP exam and go on to earn PMP certification is based on previous education:
- Professionals with a four-year degree must have a minimum of three years (36 months) of non-overlapping project management experience, during which at least 4,500 hours were spent leading and directing project tasks and activities.
- Professionals without a four-year degree must have a minimum of five years (60 months) of non-overlapping project management experience, during which at least 7,500 hours were spent leading and directing project tasks and activities.
The experience requirements must have been accumulated within the past eight years.
Do I have to be a PMI member to earn CAPM certification?
PMI membership is not required to take the CAPM exam or earn certification, but members do receive a discount on the exam fee ($60 for PMI members, down from $150 for non-members), as well as other benefits.
Do I have to be a PMI member to earn PMP certification?
No, it is not necessary to become a PMI member to earn PMP certification, though members do have a reduced exam fee ($60 for PMI members, down from $150 for non-members) among other benefits.
How long does it take to process the CAPM application? How long does it take to process the PMP application?
According to the PMI, applications take about five to ten days to process.
Do I need to renew my CAPM certification or my PMP certification?
Yes, both the CAPM certification and the PMP certification require a renewal every three years.
- Professionals with CAPM certification need to pay a renewal fee ($60 for PMI members, $150 for non-members) plus earn 15 professional development units (PDUs) over the three-year cycle in order to maintain their status. These PDUs are broken down into nine PMI Talent Triangle PDUs and six Giving Back PDUs.
- Those who have a PMP certification will need to pay a renewal fee ($60 for PMI members, $150 for non-members) plus earn 60 PDUs over the three-year cycle to maintain their status. PMP professionals have some choice in how they distribute their required PDUs; visit the PMI’s requirements page for more information.
Purdue University’s Online Project Management Courses
Professionals who participate in Purdue University’s online project management courses can gain a wealth of field knowledge, solid foundational skills, and exceedingly effective preparation for the PMP exam in order to obtain a project management certificate. Course materials and activities align closely with A Guide to the Project Management Body of Knowledge (PMBOK® Guide) to help learners retain project management knowledge and apply it to their current projects.
Project Management Essentials
This 100% online, instructor-led course runs for eight weeks and allows working professionals to gain familiarity with basic project management concepts and terms.
Participants are empowered to begin effectively applying their newly acquired knowledge and skills to current projects and earn project management hours that can help qualify them to take the PMP exam.
Experienced PME instructors engage participants in a range of learning activities, including directed study of the PMBOK® Guide; online discussions; recorded lectures; quizzes and self-tests; and written assignments. The instructors also welcome the opportunity to coach interested learners on an individual basis via email or scheduled phone appointment.
PMP exam Preparation
PMP exam Preparation is a live, virtual course based on the PMBOK® Guide. Enrollment includes 90-day access to all course material, which is 100% aligned to the Project Management Institute’s PMP® exam Prep content.
Participants get an in-depth review of some of the most challenging learning material on the exam and learn how to build a personal study plan.
This course is for project managers who have a minimum of three years’ experience and prior knowledge of the PMBOK® Guide.
Project Management Professional, PMP, CAPM, and PMBOK are registered marks of the Project Management Institute, Inc.
Request
Information
To learn more about Purdue University’s online Project Management courses and , fill out this form. You can also email us at PMonline@purdue.edu or call us at (888) 390-0499 to speak to one of our program advisors.
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Sources
Project Management Institute. 2020. “PMI® Certifications.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/generic-certification-handbook-sixteen-translations.pdf
Project Management Institute. 2023. “PMI® Certified Associate in Project Management (CAPM®) Examination Content Outline.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/capm20ecofinal.pdf
Project Management Institute. 2021. “Project Management Professional (PMP®) Examination Content Outline.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/pmp-examination-content-outline.pdf
Project Management Institute. 2021. “Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications.” Accessed June 5, 2023. https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/career-central/talent-gap-report-2021-finalfinal.pdf
Society for Human Resources. 2022. “Employee Benefits Survey: Executive Summary.” Accessed June 5, 2023. https://shrm-res.cloudinary.com/image/upload/v1654193525/Membership%202022/Employee_Benefits_Survey_-_Executive_Summary_-_FINAL.pdf
Scoring
ACS calculates the average number of correctly answered questions by subject area. Based on this average, each student's score in a particular subject is compared to the overall average and rated as: Below Average, Average, Above Average, or Outstanding Performance.
Only student scores for Part I (multiple-choice) are sent to the Local Section coordinators to be distributed to students.
Results
The 20 top-scoring students are invited to attend a study camp to compete for a spot in the U.S. team. Based on the score of their overall performance, some students are recognized with High Honors and Honors and receive a certificate from the USNCO national office. Approximately the top 50 students are recognized as High Honors and the next 100 as Honors. The list of High Honor and Honor students is published on the USNCO website.
Learn about the exam format and how to prepare for exams.
The following questions are representative of the types of questions you will find on the CRCM (Certified Regulatory Compliance Manager) exam.
1. A borrower has a right to rescind a loan agreement in all of the following situations except:
a. A line of credit used for the borrower's business, secured by the borrower's primary dwelling
b. A revolving line of credit secured by the borrower's primary dwelling used to Boost the borrower's home
c. An increase of a line of credit from $5,000 to $10,000 secured by the borrower's primary dwelling
d. A loan to pay off a contract for a deed secured by the borrower's primary dwelling
2. When opening a deposit account online, Regulation E disclosures MUST be provided at the time of account opening or:
a. Before the first EFT occurs
b. Along with the first periodic statement
c. Within three business days of account opening
d. Within three business days of a customer's request for the EFT service
3. The primary responsibility for overseeing a bank’s inherent compliance risk should lie with which of the following?
a. Internal audit
b. Consumers
c. Board of Directors
d. Compliance officer
4. A branch manager finds an unexplained $7,000 cash shortage in Teller #1's cash drawer. Which of the following actions must the bank take?
a. File a Currency Transaction Report (CTR) with the IRS
b. Discharge Teller #1 immediately
c. Send a notice of adverse action to the bank's federal regulator
d. File a Suspicious Activity Report (SAR)
5. A compliance professional recently discovered the bank did not file and disclose an accurate covered agreement, as required by the CRA Sunshine Act. In order to ensure correct reporting in the future, what must be provided?
a. All individual mortgage loans
b. Grants or loans to fulfill CRA activity
c. Non-public or confidential information that will be provided in the public file
d. A copy of the agreement to the regulatory agency 24 months after the end of the term
Answer Key
1. a
2. a
3. c
4. d
5. b
Looking to prepare for the exam? ABA offers CRCM exam Online Prep.
View CourseBackground
Academic Experience offers self-scheduled in-person final exams to help students design an individualized exam preparation plan and balance all of the end-of-the-quarter Kellogg obligations. Many exams are offered at multiple times throughout the exam period; students select their preferred exam date and time in the Bidding and Registration System during the registration period below.
Self-scheduled exams include:
- Evanston campus Kellogg courses
- Dates and times all during the exam period noted on the Academic Calendar for "Full Time Exams"
Self-scheduled exams do NOT include:
- Exam administration outside the posted schedule
- Non-Kellogg course exams (such as MMM DSGN courses or undergraduate courses)
- Kellogg Chicago campus course exams (check your syllabus for exam details)
- Presentations
- Take-home exams
It is your responsibility to confirm the dates for these deliverables, and to make sure they do not conflict with anything you schedule through our final exam registration system.
To View Available exam Dates
Before the start of bidding for the quarter, exam dates will be listed for each course in the Bidding and Registration System.
Most exams administered by Academic Experience are offered multiple times during the final exam period. NOTE: Some classes are offered in limited time slots at the professor/department request and may not be indicated prior to bidding.
Important! By default, all final exam times are scheduled in 3-hr blocks. The start time is fixed and will not change; however, the actual exam end time may vary depending on the course and will be reflected in your registration.
Important Self-Service Final exam Policies
You will not be able to access the system until registration opens, and once exam registration closes no changes can be made, absent a documented, unforeseeable, and exceptional personal circumstance or medical emergency. Key dates for the upcoming quarter are:
|
Registration Opens |
Registration Closes |
|
|
Fall 2023 |
October 11th at 12 pm |
November 17th at 10 am |
In addition:
- Once the system opens, students are awarded preferred exam times on a first-come, first-serve basis.
- You can change your exam times, pending space, as many times as you want during the registration period.
- After exam registration closes, we will email you exam room locations.
To Register For/Change Your Final exam Time(s)
- Log into the Bidding and Registration System AFTER registration opens.
- For each of your classes with an in-person final exam, there will be a drop down menu of time slot choices.
- Select your preferred date and time from the drop-down menu for each exam and click Save. Repeat for any additional exams.
To make changes during the exam registration period, repeat Steps 1-3.
To View your exam Schedule
- Log into the Bidding and Registration System with your Kellogg NetID and password.
- If you see a date and time in the drop-down menu, it is confirmed and no further action is necessary.
Questions? Email Academic Experience
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A Certified Financial Planner (CFP) is a professional designation for the financial planning profession. Financial planners can earn the CFP designation after completing the CFP Board's education, exam, experience, and ethics requirements.
One of the more challenging steps in the process, the CFP exam, is a pass-or-fail test. You may register for the CFP exam after meeting the CFP Board's education requirements. Once you pass the exam, you will be one step closer to becoming a CFP professional, one of the most elite financial planning designations.
To create our list of the best CFP exam prep courses, we compared each program's features, including reputation, cost, guarantees, course materials, in-person classes, special features, and more. These are the best CFP exam prep courses for aspiring CFP professionals.
I believe my practice has improved greatly since attending the CIMA program. I’m now able to demystify portfolio management by better setting client expectations and moderating their behavior through financial education. Read about Alex's experience »
—Alexander DiMartini, CIMA®, Managing Director at SoundView Wealth Management Group LLC
I am very happy to report that I passed the CIMA exam! Although I was part of the educational program at another school, there is no way I could have passed without the Chicago Booth review program and having been also granted access to the Chicago Booth CIMA program educational materials and live session videos. Kathleen’s voice was a constant companion as I listened to classes driving and even while on family vacation. Thank you so very much!
—Alan P. Jesiel, CFP®, CIMA®, Vice President, Senior Relationship Strategist, PNC Wealth Management
The University of Chicago has a well-planned approach to teaching the CIMA curriculum. All of the important concepts are covered in a clear, concise format. The professors really want to make sure you understand the material and go to great lengths to provide intuition behind some of the math concepts. The class is very interactive and the faculty make themselves easily accessible throughout the class. I strongly recommend this program to anyone considering attaining the designation.
—Todd Muentzer, CIMA®, ETF Specialist
This was a great overall experience. Kathleen does a great job presenting and reviewing the content. It was also beneficial to connect with other students preparing for the exam.
—Jon Maldonado, Financial Advisor, UBS Financial Services
Excellent program with in-depth analysis of calculation needed for course material.
—Robert Filetti, Robert Baird
This class was far above my expectations. This is a great value for the cost.
—Alicia Frye, Regional Business Consultant, Symmetry Partners
I got the passing score I needed to finally achieve my CIMA credentials. I was and am still ecstatic about this accomplishment and absolutely credit it to the Chicago Booth workshop and team for helping me get here. I would tell anyone interested in the CIMA program or who is trying to finish the certification process that the Booth workshop is the way to go.
—Jen Litton, CDFA, CIMA®
Having the two day review class at Booth is a major differentiator from the other education programs. Having a two day intensive review upon completion of the material helped me identify areas of weakness that I needed to focus on before the exam and embolden my confidence in the material I knew well coming into the exam.
—Greg Goin CFP®, CIMA®, CLU®, CRPC® Advisory Solutions Director
