Velopi Ltd. Software Validation | Project Management Building 4400, Airport Business Park, Cork, Ireland Tel: +353 (0)21 2406250 Email: [email protected] | Web: www.velopi.com Project Management Professional (PMP) ® Exam Formula - Cheat Sheet * Based on Project Management Body of Knowledge, (PMBOK ® Guide) - Fourth Edition Earned Value Management Formulas BAC = Budget at Completion EV = Actual % Complete * BAC PV = Planned % Complete * BAC AC = Sum of all acutal costs CV = EV - AC SV = EV - PV CPI = EV / AC < 1 = Bad (Over budget) > 1 = Good (under budget) SPI = EV / PV < 1 = Bad (Behind Schedule) >1 = Good (Ahead of Schedule) EAC = BAC / CPI EAC = AC + ETC EAC = AC + (BAC + EV) / CPI ETC = EAC - AC VAC = BAC - EAC TCPI = (BAC – EV)/(BAC – AC) or (BAC-EV)/EAC-AC) Main PMP Formulas Standard Deviation = (P-O)/6 PERT = (O + 4M+P)/6 Total Float = LS-ES or LF-EF No 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/Benefits BCR < 1 Unfavorable BCR > 1 Favorable Net Present Value = FV ( 1+ r )^ n Future Value = PV ( 1+ i )^ n Internal Rate of Return Higher is better Six Sigma = 99.99% defect free Three sigma = 99.7% defect free Project Management Processes 1. Project Integration Management Develop Project Charter Develop Project Management Plan Direct/Manage Project Execution Monitor/Control Project Work Perform Integrated Change Control Close Project or Phase 2. Project Scope Management Collect Requirements Define scope Create WBS Verify Scope Control Scope 3. Project Time Management Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule 4. Project Cost Management Estimate Costs Determine Budget Control Costs 5. Project Quality Management Plan Quality Perform Quality Assurance Perform Quality Control 6. Project Human Resource Management Develop Human Resource Plan Acquire Project Team Develop Project Team Manage Project Team 7. Project Communications Management Identify Stakeholders Plan Communications Distribute Information Manage Stakeholder Expectations Report Performance 8. Project Risk Management Plan Risk Management Identify Risks Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Responses Monitor and Control Risks 9. Project Procurement Management Plan Procurements Conduct Procurements Administer Procurements Close Procurements

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Page 1: Project Management Professional (PMP) Exam Formula … PMP Cheat Sheet.pdf · Project Management Professional (PMP)® Exam Formula - Cheat Sheet * Based on Project Management Body

Velopi Ltd.Software Validation | Project Management

Building 4400, Airport Business Park, Cork, Ireland Tel: +353 (0)21 2406250

Email: [email protected] | Web: www.velopi.com

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