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    PMP Formulas 01234

    Uploaded by

    Waqas Ahmed
    The document lists key project management terms and their definitions. It also provides formulas for calculating common project management metrics like SPI, CPI, SV, CV, EAC, ETC and expected value. Float and discounting formulas are also included.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    PMP Formulas 01234

    Uploaded by

    Waqas Ahmed
    128 views12 pages
    The document lists key project management terms and their definitions. It also provides formulas for calculating common project management metrics like SPI, CPI, SV, CV, EAC, ETC and expected value. Float and discounting formulas are also included.

    Original Description:

    PMP Formulas 01234

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    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document lists key project management terms and their definitions. It also provides formulas for calculating common project management metrics like SPI, CPI, SV, CV, EAC, ETC and expected value. Float and discounting formulas are also included.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    128 views12 pages

    PMP Formulas 01234

    Uploaded by

    Waqas Ahmed
    The document lists key project management terms and their definitions. It also provides formulas for calculating common project management metrics like SPI, CPI, SV, CV, EAC, ETC and expected value. Float and discounting formulas are also included.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 12

    Keywords

    Net Present Value (NPV)


    Internal Rate of Return (IRR)
    The Payback Period
    The Life Cycle Cost
    The Benefit to Cost Ratio (BCR)
    Critical Path
    Rough Order of Magnitude (ROM) Estimate
    Variance
    Keywords
    Schedule Performance Index (SPI)
    Cost Performance Index (CPI)
    Schedule Variance (SV)
    Cost Variance (CV)
    Estimate to Complete (ETC) when original estimates are flawed
    Estimate to Complete (ETC) when variances are typical
    Cost Variance (CV)
    Estimate at Completion (EAC)
    Estimate to Complete (ETC) when variances are atypical
    Estimate to Complete (ETC) when variances are atypical
    Number of Communication Channels
    Expected Value (EV) or PERT Estimation
    To-Complete Performance Index (TCPI) based on the BAC
    To-Complete Performance Index (TCPI) based on the EAC
    Total Float (or) Total Slack
    Net Present Value (NPV)
    Internal Rate of Return (IRR)
    The Payback Period
    The Life Cycle Cost
    The Benefit to Cost Ratio (BCR)
    Critical Path
    Rough Order of Magnitude (ROM) Estimate
    Variance
    Total Float (or) Total Slack
    Formulas
    A) SPI = EV/PV
    EV = Earned Value
    PV = Planned Value
    [PMBOK Guide - Fourth Edition - Page 183]
    B) < 1 Project is behind schedule
    = 1 Project is on schedule
    > 1 Project is ahead of schedule
    [PMBOK Guide - Fourth Edition - Page 183]
    A) CPI = EV/AC
    EV = Earned Value
    AC = Actual Cost
    [PMBOK Guide - Fourth Edition - Page 183]
    B) < 1 Over budget
    = 1 On budget
    > 1 Under budget
    [PMBOK Guide - Fourth Edition - Page 183]
    A) SV = EV - PV
    EV = Earned Value
    PV = Planned Value
    [PMBOK Guide - Fourth Edition - Page 182]
    B) Negative Behind schedule
    Zero On schedule
    Positive Ahead of schedule
    [PMBOK Guide - Fourth Edition - Page 182]
    A) CV = EV - AC
    EV = Earned Value
    AC = Actual Cost
    [PMBOK Guide - Fourth Edition - Page 182]
    B) Negative Over budget
    Zero On budget
    Positive Under budget
    [PMBOK Guide - Fourth Edition - Page 182]
    EAC = (BAC/CPI)
    BAC = Budget at completion
    CPI = Cost performance index
    [PMBOK Guide - Fourth Edition - Page 184]
    ETC = (EAC - AC)
    EAC = Estimate at completion
    AC = Actual cost
    [PMBOK Guide - Fourth Edition - Page 184, 185]
    ETC = (BAC - EV)/CPI
    BAC = Budget at completion
    EV = Earned value
    CPI = Cost performance index
    [PMBOK Guide - Fourth Edition - Page 184, 185]
    ETC = BAC - EV
    BAC = Budget at completion
    EV = Earned value
    [PMBOK Guide - Fourth Edition - Page 184, 185]
    N(N-1)/2
    Where N = Number of project team members
    (O+4M+P)/6
    O= Optimistic estimate
    M= Most Likely estimate
    P= Pessimistic estimate
    [PMBOK Guide - Fourth Edition - Page 253]
    TCPI = (BAC - EV) / (BAC - AC)
    BAC = Budget at completion
    AC = Actual cost
    EV = Earned value
    [PMBOK Guide - Fourth Edition - Page 185]
    TCPI = (BAC - EV) / (EAC - AC)
    BAC = Budget at completion
    AC = Actual cost
    EV = Earned value
    EAC = Estimate at completion
    [PMBOK Guide - Fourth Edition - Page 185]
    LS-ES (or) LF-EF
    LS = Late start
    ES = Early start
    LF = Late finish
    EF = Early finish
    (P-O)/6
    P = Pessimistic estimate
    O = Optimistic estimate
    PV = FV/(1 + r/100)n
    N = Number of years
    r = Discount rate
    The higher the better
    The higher the better
    The lower the better
    The lower the better
    The higher the better
    Path with longest duration
    Estimated value + or - 50% [PMBOK Guide -Fourth
    Edition - Page 168]
    (Standard Deviation) * (Standard Deviation)

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