Project Management Professional (PMP) Exam Formula … PMP Cheat Sheet.pdf · Project Management...

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Project Management Professional (PMP) ® Exam Formula - CheatSheet

* Based on Project Management Body of Knowledge, (PMBOK® Guide) - Fourth Edition

Earned Value Management Formulas

BAC = Budget at CompletionEV = Actual % Complete * BACPV = Planned % Complete * BACAC = Sum of all acutal costsCV = EV - ACSV = EV - PVCPI = EV / AC

< 1 = Bad (Over budget)> 1 = Good (under budget)

SPI = EV / PV< 1 = Bad (Behind Schedule)>1 = Good (Ahead of Schedule)

EAC = BAC / CPIEAC = AC + ETCEAC = AC + (BAC + EV) / CPIETC = EAC - ACVAC = BAC - EACTCPI = (BAC – EV)/(BAC – AC) or

(BAC-EV)/EAC-AC)

Main PMP Formulas

Standard Deviation = (P-O)/6PERT = (O + 4M+P)/6Total Float = LS-ES or LF-EFNo of Communication Channels =

n(n-1)/2

P = Pessimistic, O = Optimistic, M = Most Likely; Realistic,n = number of project team members

Benefit cost ratio =Cost/BenefitsBCR < 1 UnfavorableBCR > 1 Favorable

Net Present Value = FV ( 1+ r )^ n

Future Value = PV ( 1+ i )^ n

Internal Rate of ReturnHigher is better

Six Sigma = 99.99% defect freeThree sigma = 99.7% defect free

Project Management Processes

1. Project Integration ManagementDevelop Project CharterDevelop Project Management PlanDirect/Manage Project ExecutionMonitor/Control Project WorkPerform Integrated Change ControlClose Project or Phase2. Project Scope ManagementCollect RequirementsDefine scopeCreate WBSVerify ScopeControl Scope3. Project Time ManagementDefine ActivitiesSequence ActivitiesEstimate Activity ResourcesEstimate Activity DurationsDevelop ScheduleControl Schedule4. Project Cost ManagementEstimate CostsDetermine BudgetControl Costs5. Project Quality ManagementPlan QualityPerform Quality AssurancePerform Quality Control6. Project Human Resource ManagementDevelop Human Resource PlanAcquire Project TeamDevelop Project TeamManage Project Team7. Project Communications ManagementIdentify StakeholdersPlan CommunicationsDistribute InformationManage Stakeholder ExpectationsReport Performance8. Project Risk ManagementPlan Risk ManagementIdentify RisksPerform Qualitative Risk AnalysisPerform Quantitative Risk AnalysisPlan Risk ResponsesMonitor and Control Risks9. Project Procurement ManagementPlan ProcurementsConduct ProcurementsAdminister ProcurementsClose Procurements