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PMP Formulas Cheat Sheet

This document provides a cheat sheet of formulas relevant to the PMP exam for project cost management, schedule management, communication management, and PERT estimates. It includes definitions of key cost management formulas like cost variance, schedule variance, cost performance index, schedule performance index, and estimate at completion. It also provides formulas for PERT estimates, float, and communication channels. At the end, it advertises a more comprehensive PMP formula preparation package from PM-Prepcast for additional practice questions.

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Sudhir Acharya
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Download as PDF, TXT or read online on Scribd
1K views3 pages

PMP Formulas Cheat Sheet

This document provides a cheat sheet of formulas relevant to the PMP exam for project cost management, schedule management, communication management, and PERT estimates. It includes definitions of key cost management formulas like cost variance, schedule variance, cost performance index, schedule performance index, and estimate at completion. It also provides formulas for PERT estimates, float, and communication channels. At the end, it advertises a more comprehensive PMP formula preparation package from PM-Prepcast for additional practice questions.

Uploaded by

Sudhir Acharya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PMP Formulas Cheat Sheet

By andrewshih - July 7, 2018

PMP Formulas Cheat Sheet


The PMP cheat sheet is aligned with PMP PMBOK 6 and includes the PMP exam formulas that you will
need to know to pass the PMP exam.

Cost Management Formulas


PV Planned Value

EV Earned Value

AC Actual Cost

BAC Budget at Completion

EAC Estimate at Completion

Use the chart to help you understand the cost management formulas.

Cost Variance: CV = EV – AC

+ = Under planned cost


The amount of budget deficit or surplus 0 = On planned cost
– = Over plan cost

Schedule Variance: SV = EV – PV

The amount by which the project is ahead or + = Ahead of Schedule


behind the planned delivery date. 0 = On Schedule
– = Behind Schedule

Variance at Completion: VAC = BAC – EAC

+ = Under Planned Cost


A projection of the amount of budget deficit or
0 = On Planned Cost
surplus.
– = Over Planned Cost

Cost Performance Index: CPI = EV / AC

Greater than 1.0 = Under planned cost


Shows the percentage of how much costs are
1.0 = On planned cost
over or under the amount of work accomplished.
Less than 1.0 = Over planned cost

Schedule Performance Index: SPI = EV / PV

Greater than 1.0 = Ahead of Schedule


A measure of schedule efficiency. 1.0 = On Schedule
Less than 1.0 = Behind Schedule

Estimate at Completion: The expected total cost of completing all work expressed as the sum of the
actual cost to date and estimate to complete.

If the initial plan is no longer valid. Use new


EAC = AC + ETC
estimate.

If the future work will be accomplished at the


EAC = AC+BAC-EV
planned rate, use the remaining budget.

If CPI is expected to be the same for the


EAC = BAC/CPI
remainder of the project.

EAC = AC+(BAC-EV)/(CPI*SPI) If both CPI and SPI influence the remaining work.

Estimate to Complete: The expected cost to finish all remaining project work.

ETC = EAC – AC Assuming the work is proceeding on plan

To Complete Performance Index: A measure of the cost performance that must be achieved with the
remaining resource in order to meet a specific management goal.

Greater than 1.0 = Harder to complete


TCPI = remaining work/budget available 1.0 = Same to complete
Less than 1.0 = Easier to complete

The efficiency that must be maintained in order to


TCPI = (BAC-EV)/(BAC-AC)
complete on plan
TCPI = (BAC-EV)/(EAC-AC) The efficiency that must be maintained in order to
complete the current EAC.

Schedule Management Formulas


PERT Weighted Average = (O+4M+P)/6

PERT Standard Deviation = (P-O)/6

Project Evaluation & Review Technique for estimating activity duration.


O=optimistic, M=Most likely, P=Pessimistic

LS = Late Start
Float (or slack) = LS – ES ES = Early Start
Float (or slack) = LF – EF LF = Late Finish
EF = Early Finish

Communication Management Formulas


Communication Channels = N(N-1)/2

Need more than just a PMP formulas cheat sheet?


If you are looking for a more cmoprehensive preparation of all the formula questions that may appear on
the PMP exam, PM-Prepcast formula package will be your best bet.

PM-Prepcast Formula Package $29.00


Comprehensive PMP Formula study guide
Formula Pocket Guide (Brain Dump)
105 formula sample questions with detail answers (PDF)
Formula Keywords Review
16 Daily emails with formula tips and tricks
and much more…

Learn More about PMP Formula Package

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