Tips for passing Salesforce Certified CPQ Specialist

Exam Outline

Content: 60 multiple-choice/multiple-select questions * (5 unscored questions will be added)
Time allotted to complete the exam: 105 minutes (time allows for unscored questions)
Passing score: 68%

Registration fee: USD 200, plus applicable taxes as required per local law
Retake fee: USD 100, plus applicable taxes as required per local law
Delivery options: Proctored exam delivered onsite at a testing center or in an online proctored environment.
References: No hard-copy or online materials may be referenced during the exam.

I have faced 65 questions, some of the questions are descriptive and contained long code script, which took time to read and understand the question. This exam is much harder than any of the Consultant exams.

Above all, it's good to see me passed.

Preparation

I have attended Salesforce training for Partner during month of June and here is following points which I have used during my preparation.

Salesforce CPQ Enablement - GDC private chatter group to access training materials, presentation and exercise guide.
Salesforce CPQ Partner Enablement - Chatter group collaboration with partners.

Refer, CPQ architecture diagram

Refer, CPQ Data Model

Refer, Quote-to-Cash Functionality

Topics I have received on Exam

CPQ Product fields - Hidden, Quantity Editable
Subscription Products, Subscription Terms, Types of Subscription Pricing and usage, Percentage (%) of Total and its effect on calculation.
Proration
Subscription Prorate Precision
Subscription Term unit
Product Bundle
Configuration Type and Event
Features
Option Constraints, Constrained Option, Constraining Option, Type (Dependency, Exclusion)
Numbering for sequence
Different types of Product Options (Component, Accessory, Related Product)
Percentage of Scope (Package, Component, Both)
Product Rule (at-least 4-5 question on this), Evaluation Event (Load, Edit, Save), Type (Validation, Selection)
Error Condition Fields (Tested Object, Tested Field)
Product Action Fields (Type = Add/Remove, Enable/Disable, Show/Hide)
Configuration Selection Rules
Create Production rule based on prior Asset.
Configuration Attributes
Auto-mapping (Twin fields)
Hiding options in Configurator
Custom actions
Dynamic Custom actions
Search filters
Guided Selling
Building workflow to map quote process
Pricing Structure (List Price, Regular Price, Customer Price, Partner Price, Net Price)
Discount Schedule (Volume, Term, Cost), Type (Range, Slab), Cross Products, Cross Orders
Pricing Methods (List, Block, MDQ, Cost + Markup, Subscription Products & Proation)
Pricing Rule (Inject a value into Quote or Quote Line Field), Calculator Evaluation Event
Summary Variable
Quote Template, Template content, Template Sections, Line Columns, Page Break
Types of Template Content
Use of merge fields
Troubleshooting (Like Attempt to de-reference a null object error during previewing a quote template)
Renewal Contract