Velopi Ltd.

Software Validation | Project Management

Building 4400, Airport Business Park, Cork, Ireland
Tel: +353 (0)21 2406250
Email: info@velopi.com | 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 Project Management Processes

BAC = Budget at Completion 1. Project Integration Management

EV = Actual % Complete * BAC Develop Project Charter
PV = Planned % Complete * BAC Develop Project Management Plan
AC = Sum of all acutal costs Direct/Manage Project Execution
CV = EV - AC Monitor/Control Project Work
SV = EV - PV Perform Integrated Change Control
CPI = EV / AC Close Project or Phase
< 1 = Bad (Over budget) 2. Project Scope Management
> 1 = Good (under budget) Collect Requirements
SPI = EV / PV Define scope
< 1 = Bad (Behind Schedule) Create WBS
>1 = Good (Ahead of Schedule) Verify Scope
Control Scope
EAC = BAC / CPI 3. Project Time Management
EAC = AC + ETC Define Activities
EAC = AC + (BAC + EV) / CPI Sequence Activities
ETC = EAC - AC Estimate Activity Resources
VAC = BAC - EAC Estimate Activity Durations
TCPI = (BAC – EV)/(BAC – AC) or Develop Schedule
(BAC-EV)/EAC-AC) Control Schedule
4. Project Cost Management
Estimate Costs
Main PMP Formulas
Determine Budget
Control Costs
Standard Deviation = (P-O)/6 5. Project Quality Management
PERT = (O + 4M+P)/6 Plan Quality
Total Float = LS-ES or LF-EF Perform Quality Assurance
No of Communication Channels = Perform Quality Control
n(n-1)/2 6. Project Human Resource Management
Develop Human Resource Plan
P = Pessimistic, O = Optimistic, M = Most Likely; Realistic, Acquire Project Team
n = number of project team members Develop Project Team
Manage Project Team
Benefit cost ratio = 7. Project Communications Management
Cost/Benefits Identify Stakeholders
BCR < 1 Unfavorable Plan Communications
BCR > 1 Favorable Distribute Information
n Manage Stakeholder Expectations
Net Present Value = FV ( 1+ r )^ Report Performance
n 8. Project Risk Management
Future Value = PV ( 1+ i )^ Plan Risk Management
Identify Risks
Internal Rate of Return Perform Qualitative Risk Analysis
Higher is better Perform Quantitative Risk Analysis
Plan Risk Responses
Six Sigma = 99.99% defect free Monitor and Control Risks
Three sigma = 99.7% defect free 9. Project Procurement Management
Plan Procurements
Conduct Procurements
Administer Procurements
Close Procurements