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Project Integration Management PMP Sample Questions



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One Page Formula's for PMP Exam

From PMP Exam Resource, I have received the following email that I believe will be very valuable before taking PMP exam.:



Q U A L I T Y
-------------
CoQ = ( ( Review Efforts + Test Efforts + Training Efforts + Rework Efforts + Efforts of Prevention) / Total Efforts) x 100 %


PERT = O + 4ML + P
--------------
6
MEAN -> Average


MODE -> The "most found" number


RANGE -> Largest - Smallest Measure.


MEDIUM -> No in the middle or avg. of 2 middle Nos


STD. DEV. OF TASK = P - O
____________
6


TASK VAR. = (P - O) 2 = Std. Dev ^ 2
____________
6
_____________
CP STD. DEV. = √ σ² + σ² + σ²


SIGMA 1 = 68.26
2 = 95.46
3 = 99.73
6 = 99.99




Channels of Communication
-------------------------
COMM = (N2 - N) / 2 = (N x (N - 1)) / 2




P R O J E C T S E L E C T I O N
---------------------------------
PV = F V .
-------
(1+r)ⁿ


FV = PV x (1+r)


NPV = S ( PV + PV + PV + PV )
---- ---- ---- ----
(1+r)ⁿ (1+r)ⁿ (1+r)ⁿ (1+r)ⁿ


Cash Flow = Cash Inflow - Cash Outflow


Discounted Cash Flow = CF x Discount Factor


ARR = S Cash Flow / No. of Years


ROI = (ARR / Investment) * 100 %


BCR = Benefits / Cost


Exp. Value = Probability % x Consequence $




Class of Estimates
-------------------
Definitive +5%


Capital Cost +10-15%


Appropriation +15-25%


Feasibility +25-35%


Order of Magnitude > +35%




Contract Incentives
--------------------
Savings = Target Cost - Actual Cost


Bonus = Savings x Percentage


Contract Cost = Bonus + Fees


Total Cost = Actual Cost + Contract Cost




E A R N E D V A L U E A N A L Y S I S
---------------------------------------------
PV (Present Value) = BCWS (Budgeted Cost of Work Schedule)


EV (Earned Value) = BCWP (Budgeted Cost of Work Performed)


AC (Actual Cost) = ACWP (Actual Cost of Work Performed)


CV = EV - AC


CPI = EV / AC (efficiency)


SV = EV - PV


SPI = EV / PV


ETC = BAC - EV or (BAC - EV) / CPI


EAC = AC + ETC


EAC = BAC / CPI


VAC = BAC - EAC


% COMPLETE = EV / BAC x 100


% SPENT = AC / BAC x 100


CV% = CV / EV x 100


SV% = SV / PV x 100


The following are extracted from "PMP Resources":

The PMP exam is big on terminology. These are the basic Earned Value Terms you need to know. If you are studying to pass the PMP exam you should know these by heart and be able to derive them in case you are heartbroken. They really are fairly simple. In order from first to last:

BAC = Budget at Completion (Project budget)
AC = Actual Cost of the Work Performed
EV = Earned Value
EV = Budgeted Cost of the Work Performed
EV = % complete times BAC
PV = Planned Value
PV = Budgeted Cost of the Work Scheduled
CV = Cost Variance
CV = EV - AC
CPI = Cost Performance Index
CPI = EV/AC
SV = Schedule Variance
SV = EV - PV
SPI = Schedule Performance Index
SPI = EV/PV
EAC = Estimate at Completion
EAC = BAC/CPI
ETC = Estimate to Complete
ETC = EAC - AC
VAC = Variance at Completion
VAC = BAC - EAC



1. PERT

(P + 4M + O )/ 6 Pessimistic, Most Likely, Optimistic

2. Standard Deviation

(P - O) / 6

3. Variance

[(P - O)/6 ]squared

4. Float or Slack

LS-ES and LF-EF

5. Cost Variance

EV - AC

6. Schedule Variance

EV - PV

7. Cost Perf. Index

EV / AC

8. Sched. Perf. Index

EV / PV

9. Est. At Completion (EAC)

BAC / CPI,

AC + ETC -- Initial Estimates are flawed

AC + BAC - EV -- Future variance are Atypical

AC + (BAC - EV) / CPI -- Future Variance would be typical

10. Est. To Complete

Percentage complete

EAC - AC

EV/ BAC

11. Var. At Completion

BAC - EAC

12. To Complete Performance Index TCPI

Values for the TCPI index of less then 1.0 is good because it indicates the efficiency to complete is less than planned. How efficient must the project team be to complete the remaining work with the remaining money?

( BAC - EV ) / ( BAC - AC )

13. Net Present Value

Bigger is better (NPV)

14. Present Value PV

FV / (1 + r)^n

15. Internal Rate of Return

Bigger is better (IRR)

16. Benefit Cost Ratio

Bigger is better ((BCR or Benefit / Cost) revenue or payback VS. cost)

Or PV or Revenue / PV of Cost

17. Payback Period

Less is better

Net Investment / Avg. Annual cash flow.

18. BCWS

PV

19. BCWP

EV

20. ACWP

AC

21. Order of Magnitude Estimate

-25% - +75% (-50 to +100% PMBOK)

22. Budget Estimate

-10% - +25%

23. Definitive Estimate

-5% - +10%

24. Comm. Channels

N(N -1)/2

25. Expected Monetary Value

Probability * Impact

26. Point of Total Assumption (PTA)

((Ceiling Price - Target Price)/buyer's Share Ratio) + Target Cost

Sigma
  • 1Sigma = 68.27%
  • 2Sigma = 95.45%
  • 3Sigma= 99.73%
  • 6Sigma = 99.99985%
Return on Sales ( ROS )
 

Net Income Before Taxes (NEBT) / Total Sales OR

Net Income After Taxes ( NEAT ) / Total Sales

Return on Assets( ROA )
 

NEBT / Total Assets OR

NEAT / Total Assets

Return on Investment ( ROI )

NEBT / Total Investment OR

NEAT / Total Investment

Working Capital

Current Assets - Current Liabilities

Discounted Cash Flow

Cash Flow X Discount Factor


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