PMP®/CAPM® Formulas Cheat Sheet

Earned Value Management Earned Value Management

BAC No Formula. Project % Σ BAC Budget At Completion CPI Cost Performance Index
100
No Formula. It is sometimes expressed as a Complete  PV Planned Value CPIC Cumulative Cost Performance Index
PV %age of BAC. ETC = (BAC – EV) / CPI
EV Earned Value CPIP Projected Future CPI
No Formula. It is sometimes shown as a ETC = (BAC – EV)
EV %age of BAC or PV. ETC ETC = (BAC – EV) / CPIp AC Actual Cost ETC Estimate To Complete
AC No Formula. EAC = AC + ETC SV Schedule Variance EAC Estimate At Completion
SV SV = EV – PV EAC = AC + (BAC – EV) CV Cost Variance VAC Variance At Completion
CV CV = EV – AC EAC = AC + (BAC – EV) / CPI SPI Schedule Performance Index TCPI To Complete Performance Index
SPI SPI = EV / PV EAC = BAC / CPI SPIC Cumulative Schedule Performance Index
SPIC SPIC =∑EV / ∑PV EAC EAC = AC + [(BAC – EV) / (CPI * SPI)]
Network Diagram
CPI CPI = EV / AC VAC VAC = BAC – EAC Earned Schedule Management
CPIC CPIC = ∑EV / ∑AC TCPI = (BAC – EV) / (BAC – AC) TF Total Float
SVT Schedule Variance (Time)
Budget % Σ TCPI TCPI = (BAC – EV) / (EAC – AC) FF Free Float
100 SPIT Schedule Performance Index (Time)
Spent  ES Early Start
ES Earned Schedule
Estimation AT Actual Time
LS Late Start
Earned Schedule Management E = (O + P + M) / 3 EF Early Finish
LF Late Finish
SVT ES - AT Triangular − + − − Estimation
SPIT ES / AT = √ Dur Duration
Dist. 18 E Expected Value
PERT E = (O + P + 4*M) / 6 O Optimistic Value
Network Diagram σ = (P – O) / 6 P Pessimistic Value Project Selection Methods
TF = LS – ES Range Est. R = E ± (n * σ) M Most Likely Value PV Present Value
Total Float TF = LF – EF Var. Var = σ2 SD or σ Standard Deviation or Sigma DCF Discounted Cash Flow
Free Float FF = ESSuccessor – ESPresent – DurPresent Path Var. VarPath = ∑(Var) Var Variance of an Activity FV Future Value
Path St. VarPath Variance of a Network Path r Discount Rate
 = √
Project Selection Methods Deviation n Sigma multiplication Factor n Number of years
n
PV = FV / (1 + r) 1σ = 68.27% DF Discount Factor
PV / DCF PV = FV * DF 2σ = 95.45% Expected Monetary Value NPV Net Present Value
NPV NPV = ∑PV Sigma 3σ = 99.73% EMVR Expected Monetary Value for Risk ROI Return on Investment
ROI ROI = Return / Investment Values 4σ - 99.994% P Probability BCR Benefit Cost Ratio
BCR BCR = Benefits / Costs 5σ = 99.99994% I Impact (Monetary Value) CBR Cost Benefit Ratio
CBR CBR = Costs / Benefits 6σ = 99.999999% EMVP Expected Monetary Value for Project IRR Internal Rate of Return
IRR Formula not needed. Higher is better.
PP No formula. Lesser the better. Communication Channels PP Payback Period
Opp Cost No formula. C = n*(n – 1) / 2 Procurement Opp. Cost Opportunity Cost
Expected Monetary Value PTA Point of Total Assumption
EMVR EMVR = P * I Procurement CP Ceiling Price Communication Channels
EMVP EMVP = ∑EMVR Pt. of Total  −  TP Target Price C Number of Communication Channels
 = + 
Net Benefit Net Benefit = EMVP – Cost Assumption   !ℎ #$%& TC Target Cost n Number of Stakeholders