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PMP Formulas 01234

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.

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Waqas Ahmed
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256 views12 pages

PMP Formulas 01234

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.

Uploaded by

Waqas Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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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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