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    PMP Formula

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    Carmen Salazar
    The document provides a complete list of 17 formulas needed for the Project Management Professional (PMP) exam along with a brief description of each formula. Key formulas include those to calculate schedule performance index (SPI), cost performance index (CPI), estimate at completion (EAC), variance at completion (VAC), and critical path. The formulas cover earned value management, variance analysis, risk assessment, critical path method, and PERT estimation. Mastering these formulas is important as calculations make up around 10% of the randomly generated PMP exam questions.

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    PMP Formula

    Uploaded by

    Carmen Salazar
    123 views3 pages
    The document provides a complete list of 17 formulas needed for the Project Management Professional (PMP) exam along with a brief description of each formula. Key formulas include those to calculate schedule performance index (SPI), cost performance index (CPI), estimate at completion (EAC), variance at completion (VAC), and critical path. The formulas cover earned value management, variance analysis, risk assessment, critical path method, and PERT estimation. Mastering these formulas is important as calculations make up around 10% of the randomly generated PMP exam questions.

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    PMP formula table

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    The document provides a complete list of 17 formulas needed for the Project Management Professional (PMP) exam along with a brief description of each formula. Key formulas include those to calculate schedule performance index (SPI), cost performance index (CPI), estimate at completion (EAC), variance at completion (VAC), and critical path. The formulas cover earned value management, variance analysis, risk assessment, critical path method, and PERT estimation. Mastering these formulas is important as calculations make up around 10% of the randomly generated PMP exam questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    123 views3 pages

    PMP Formula

    Uploaded by

    Carmen Salazar
    The document provides a complete list of 17 formulas needed for the Project Management Professional (PMP) exam along with a brief description of each formula. Key formulas include those to calculate schedule performance index (SPI), cost performance index (CPI), estimate at completion (EAC), variance at completion (VAC), and critical path. The formulas cover earned value management, variance analysis, risk assessment, critical path method, and PERT estimation. Mastering these formulas is important as calculations make up around 10% of the randomly generated PMP exam questions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    The Complete PMP Formula Guide

    Formulas and calculations take up roughly 10% of the PMP exam. Its hard to say the exact
    number of calculation questions that you will get on your exam because the Prometrics software
    selects 200 questions at random at the time of your exam. (This means you can be taking the
    same exam as your neighbour but the two of you will have completely different exams.)

    To me, the formulas are easy marks because all you need to do is memorize the formulas and
    then plunk in the numbers from the questions.

    Lets look at the complete list of 17 formulas you need to know for your PMP exam along with a
    description for each. At the end of this article, there will be an option for you to download this
    guide.

    (It is a good idea to include all of these formulas on your cheatsheet before your exam. To
    learn how to create your own cheatsheet, click here.)

    Name Formula Interpretation


    Number of communications as the number of team members
    n * (n-1) / 2
    channels increase, the number of
    where n is the number of team
    communication channels
    members
    increase, and hence, the risk on
    the project increases

    e.g. if there are 5 team


    members, there will be 5*(5-1)/2
    = 10 communication channels

    Schedule Performance Index SPI = EV / PV < 1 behind schedule


    (SPI) = 1 on schedule
    > 1 ahead of schedule
    EV = earned value
    PV = planned value

    Cost Performance CPI = EV / AC < 1 Over budget


    Index (CPI) = 1 On budget
    > 1 Under budget
    EV = earned value
    AC = actual cost

    Schedule Variance (SV) SV = EV - PV < 0 Behind schedule


    = 0 On schedule
    > 0 Ahead of schedule
    EV = earned value
    PV = planned value

    Cost Variance (CV) < 0 Over budget


    CV = EV - AC = 0 On budget
    > 0 Within budget
    EV = earned value
    AC = actual cost
    Name Formula Interpretation
    Estimate at EAC = AC + New ETC If the original estimate is based
    Completion (EAC) if on wrong data/assumptions or
    original is flawed circumstances have changed
    AC = actual cost
    ETC = estimate to complete

    Estimate at EAC = AC + BAC EV The variance is caused by a


    Completion (EAC) if onetime event and is not likely to
    BAC remains the happen again
    AC = actual cost
    same BAC = budget at completion
    EV = earned value

    Estimate at EAC = BAC/CPI If the CPI would remain the


    Completion (EAC) if same till end of project, i.e. the
    CPI remains the original estimation is not
    BAC = budget at completion
    same accurate
    CPI = cost performance index

    Estimate at EAC = AC + (BAC - Use when the question gives all


    Completion (EAC) if the values (AC, BAC, EV, CPI
    substandard EV)/(CPI*SPI) and SPI), otherwise, this formula
    performance is not likely to be used
    continues AC = actual cost
    BAC = budget at completion
    EV = earn value
    CPI = cost performance index
    SPI = schedule performance
    index

    To-Complete TCPI = (BAC EV) / < 1 Under budget


    Performance Index = 1 On budget
    (TCPI) (BAC AC) > 1 Over budget

    BAC = budget at completion


    EV = earned value
    AC = actual cost

    Estimate to ETC = EAC -AC


    Completion
    EAC = estimate at completion
    AC = actual cost

    Variance at VAC = BAC EAC < 0 Under budget


    Completion = 0 On budget
    > 0 Over budget
    BAC = budget at completion
    EAC = estimate at completion

    PERT Estimation (O + 4M + P)/6


    O = optimistic estimate
    M = most likely estimate
    P = pessimistic estimate
    Name Formula Interpretation
    Standard Deviation (P O)/6
    P = pessimistic estimate
    O = optimistic estimate

    Float/Slack LS ES equals 0 means the tasks are on


    critical path
    LS = late start
    ES = early start
    < 0 Behind schedule

    LF EF
    LF = late finish
    EF = early finish

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