Summary

Summary PMP 2024: All formulas used in PMP exam

83 views 0 purchase

Course
PMP

Institution
PMP

"This document provides a concise list of essential formulas, including their names and examples of calculations. It features all Earned Value Management (EVM) formulas, with detailed explanations on what each formula measures and how to interpret the results. While understanding general Project Ma...

[Show more]

Preview 1 out of 2 pages

View example

Uploaded on July 31, 2024
Number of pages 2
Written in 2023/2024
Type Summary

CA$7.49

Added

Add to cart Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

All formulas used in PM

Three-point estimates: (O+R (4) +P) / 6 = ((Optimistic Estimate + Ex.: O = 2 days. R= 4 days, P = 12 days, then
a) PERT (Program (or Project) (4 x Realistic) + Pessimistic Estimate))/ 6 PERT= (2+(4x4) +12)/6 = 5 days
Evaluation and Review Technique)
b) Standard Deviation (means range) (P-O)/6 (12-2)/6 = 1.7 days

Means the project will take 5 +/- 1.7 days
c) Triangle Distribution (average) (O+R+P)/3 = ((Optimistic Estimate + (2 + 4 + 12)/3=6 days
Realistic + Pessimistic Estimate))/3
Critical Path (the longest path)
Lack/ﬂoat/total ﬂoat (# of days that an Late Start (LS) – Early Start (ES) = LS – ES
activity could be delayed without causing Or
delay of the project) Late Finish (LF) – Early Finish (EF) = LF -
EF
Free ﬂoat (# of days that an activity could ES (of the next activity) – EF (current
be delayed without causing delay of the activity) - 1
next activity)
Forward Path (Mon to Fri) ES + Duration of the activity -1 = EF
Backward path (Fri to Mon) LF – Duration +1 = LS
Communication channels n* (n-1)/2 Ex: 10 stakeholders in the project, then
n= number of people in the project 10 * (10 – 1) /2 = 45 communication channels
between them.
Expected Monetary Value (EMV) EMV= Risk cost x Probability of the risk Ex.: cost of a new constructed house is 1,000. Risk
cost is 400, risk probability – 25 %.
Total cost of the risk Total cost of the risk = Initial cost + EMV Then, EMV: 400 x 0.25 = 100
Total cost of the risk: 1000 (cost of a new
constructed house) + 100 (EMV)= 1,100
Agile project Work in progress (WIP) / Throughput Ex. What would be the cycle time of feature A, if it
Cycle time requires 60 points of work and the team can
Note: Throughput = Amount of work that complete 5 points per day?
can done in a time period
Cycle time of A = 60/5 points per day = 12 days

1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller YayaK. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$7.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling