I applied in 2011. I think I listed 6-7 projects on my app with the hours to back it up. I have a spreadsheet that someone built that helps you assign hours to the types of PM actions you may have performed and calculates your total hours and "unique months" of experience. If you want it, PM me an email address. I made sure I was well over the number of hours and unique months required, but certainly did not list everything that could have qualified.
I downloaded the application form and filled it out offline before going back to PMI and typing the info into their online form.
My understanding is that applications are randomly selected for audit. If audited, you have to document everything. If you said Bob Smith was your manager in 2012 for Project X, you'll have to find Bob Smith and have him sign a letter that supports your claims for Project X. If you said you have a degree, you have to prove it. I have never heard that audits are anything but random. I wouldn't want to submit a 120-page app and find out I got randomly selected for audit and have to document everything I said on the app.
I work with a couple people who have PMPs and they barely have enough time out of school to have gotten the required hours of experience, so I know their apps could not have been that beefy.
did the same when i filled my app for pmp out. there was a nice big ass spreadsheet with the various project phases that let you fill pieces in. needed some formal project management class and a ton of hours for project management time. less if you had a bachelors as was mentioned earlier. i didnt think the app was so bad, just had to pick the right projects so it minimized paperwork.
in my case i did get audited, but i suspect i know why as i used a few go arounds to make the cost of testing cheapest. i was a full time employee and doing a part time mba. fulfilled the project management class through school, then joined the pmi under the student classification which made me eligible to get the pmp reduced test taking price. so naturally, it looked suspicious.
the audit process was not a big deal. personally, i think indy is making a bigger deal out of a pmp than it really is. they basically sent me paperwork and required signatures of someone from the projects i submitted stating that i did indeed perform those projects. here's where project selection is important as well as the definition of projects is important. just about anything can be considered a project as long as it has a definite start and a definite end, has resources, etc... all you gotta be is the one running it... even if you're the sole project resource. My existing manager then knew i was applying and had the heads up on the possible audit risk and projects i was using (we had a good relationship) so when it came in, i turned the stuff over to him and he signed it. back into the mail it goes and i go take the test.
good pm's are great. most pms are not good pms. i'm no longer an active pmp, let it lapse. too lazy to fulfill the continuing credits, though one does get ce credits for simply being a pm. you can also get credits listening to podcasts (cornelius fitchner as previously mention qualifies). you can achieve nearly all you need from those two sources and if you burn some time going to pmi meetings you can get the rest or pay some money to get a booster course.
i'm of the mindset that a pmp is ok, you really have to have one to be a pm or be considered for a job as one if you're looking for a new job. however, it's also not as big of a entry barrier as folks make it out to be. i got one while taking part time mba classes and having worked for 3-4 years as a IT manager (and only IT person) for a clinical department in a large teaching environment. the test is in itself the same as any standard multiple choice certification test. some 25% of questions are future test questions so dont count. figure you studied and can get 50% right. you can rule out 2 stupid answers from the ones you dont so should in theory get 50% right by guessing. that nets you a 75% +/- some deviation for how badly or well you guessed. i think you only needed a 60% or so to pass. so yea..
in any case, from my experience (our shop was not project matrix, definitely functional) pmp doesnt provide real tangible project management qualifications. it's a framework that is rarely followed strictly. if you are organized, communicate like crazy between all levels, have thick skin, and wear out them people chasing shoes, you'll be fine.
damn, this turned out to a lot longer than i thought