The PMP exam consists of 180 questions, and candidates have 230 minutes to complete the exam. The questions cover the five process groups (Initiation, Planning, Executing, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communication, Risk, and Procurement). It is crucial to create a daily study plan and dedicate 2-3 hours per day for at least 30 days to prepare effectively. The exam emphasizes situational questions that require the application of knowledge and analytical abilities rather than mere memorization. Thorough preparation and understanding of the exam format and content are essential for success in the PMP exam.