Project Integration Management PMP Sample Questions
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200 PMP 4th Edition Questions - Free 1630 PMP 4th Edition Questions PMP Exam Tips PMP Exam Preparation PMP Exam One Page Formula |
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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
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CoQ = ( ( Review Efforts + Test Efforts + Training Efforts + Rework Efforts + Efforts of Prevention) / Total Efforts) x 100 %
PERT = O + 4ML + P
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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
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6
TASK VAR. = (P - O) 2 = Std. Dev ^ 2
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6
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CP STD. DEV. = √ σ² + σ² + σ²
SIGMA 1 = 68.26
2 = 95.46
3 = 99.73
6 = 99.99
Channels of Communication
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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
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PV = F V .
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(1+r)ⁿ
FV = PV x (1+r)
NPV = S ( PV + PV + PV + PV )
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(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
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Definitive +5%
Capital Cost +10-15%
Appropriation +15-25%
Feasibility +25-35%
Order of Magnitude > +35%
Contract Incentives
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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
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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
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1. PERT |
(P + 4M + O )/ 6 Pessimistic, Most Likely, Optimistic |
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2. Standard Deviation |
(P - O) / 6 |
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3. Variance |
[(P - O)/6 ]squared |
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4. Float or Slack |
LS-ES and LF-EF |
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5. Cost Variance |
EV - AC |
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6. Schedule Variance |
EV - PV |
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7. Cost Perf. Index |
EV / AC |
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8. Sched. Perf. Index |
EV / PV |
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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 |
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10. Est. To Complete Percentage complete |
EAC - AC EV/ BAC |
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11. Var. At Completion |
BAC - EAC |
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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 ) |
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13. Net Present Value |
Bigger is better (NPV) |
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14. Present Value PV |
FV / (1 + r)^n |
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15. Internal Rate of Return |
Bigger is better (IRR) |
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16. Benefit Cost Ratio |
Bigger is better ((BCR or Benefit / Cost) revenue or payback VS. cost) Or PV or Revenue / PV of Cost |
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17. Payback Period |
Less is better Net Investment / Avg. Annual cash flow. |
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18. BCWS |
PV |
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19. BCWP |
EV |
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20. ACWP |
AC |
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21. Order of Magnitude Estimate |
-25% - +75% (-50 to +100% PMBOK) |
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22. Budget Estimate |
-10% - +25% |
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23. Definitive Estimate |
-5% - +10% |
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24. Comm. Channels |
N(N -1)/2 |
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25. Expected Monetary Value |
Probability * Impact |
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26. Point of Total Assumption (PTA) |
((Ceiling Price - Target Price)/buyer's Share Ratio) + Target Cost |
| Sigma |
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| 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 |
