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Formulas
Variable Project Manager Communication Communication channels Normal Distribution Abbreviation

TM

The ultimate PMP reference sheet.

Formula 90 % n(n-1) / 2 n = # of stakeholders 3 = 99.73 % 6 = 99.99985 %

Eric van der Meulen, PMP

1 standard deviation = 1 SD = 1 sigma = 1 P = pessimistic, M = most likely, O = optimistic SDactivity (or activity ) Varactivity (or 2
activity )

1 = 68.26 % 2 = 95.46 %

TIME/COST Estimating

Three point estimate for activity duration or cost Standard Deviation of activity (or cost) Variance of activity
(or cost)

For triangular distribution or simple average: (P + M + O) / 3 For beta distribution, PERT or weighted average: (P + 4M + O) / 6 For beta distribution: (P O) / 6 For beta distribution: ((P O) / 6)2 Var1 + Var2 + Var3 + (PERT1 + PERT2 + PERT3 + ) + (# of sigmas SDproject) -25% to +75% from actual -10% to +25% from actual -5% to +10% or +/-10% from actual Probability Impact [$] EMV cost

Standard Deviation of Project Project Duration Estimating in Initiating Estimating early in Planning Estimating late in Planning Expected Monetary Value Net Benefit

SDproject (or project )

critical path activities only:

Rough Order of Magnitude Budgetary / Top Down / Analogous Definitive / Bottom-up EMV Net Benefit

Variable

Abbreviation AC EV PV CV CPI SV

Description Actual cost incurred for work performed (to date) Value of work performed (to date) Budget assigned for work performed (to date) Measure of cost performance Measure of cost efficiency Measure of schedule performance

Formula

COST Earned Value

Actual Cost Earned Value Planned Value Cost Variance Cost Performance Index Schedule Variance

(PV of completed work)

CV = EV AC CPI = EV / AC SV = EV PV

Schedule Performance Index Budget At Completion Estimate To Complete

SPI BAC ETC (for atypical variance) ETC (for typical variance)

Measure of schedule efficiency Budget assigned for planned work Assumes future work to be performed as budgeted Assumes past performance to continue throughout Use when original est. is flawed Assumes future work to be performed as budgeted Assumes past performance to continue throughout Forecast of variance Cost performance necessary to achieve BAC or new EAC goal Work remaining divided by funds remaining

SPI = EV / PV
PROJECT COST BASELINE

ETC = BAC EV ETC = (BAC EV) / CPI or ETC = EAC AC EAC = AC + Bottom-up ETC EAC = AC + BAC EV EAC = AC + ETC = AC + (BAC EV) / CPI or EAC = BAC / CPI VAC = BAC EAC TCPI = (BAC EV) / (BAC AC)
BASED ON BAC

COST Forecasting

Estimate At Completion

EAC EAC (for atypical variance) EAC (for typical variance)

Variance At Completion To-Complete Performance Index

VAC TCPI

or TCPI = (BAC EV) / (EAC AC)

BASED ON NEW EAC

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