Professional Documents
Culture Documents
com/web/pmp/)
No. of
Communication
Channels
Schedule
Performance Index
(SPI)
Cost Performance
Index (CPI)
Formula
Interpretation
n should include the project
manager
n (n-1)/2
n = number of members in the team
SPI = EV/PV
EV = Earned Value
(SV)
<1
=1
>1
behind schedule
on schedule
ahead of schedule
<1
=1
>1
Over budget
On budget
Under budget
PV = Planned Value
CPI = EV/AC
EV = Earned Value
AC = Actual Cost
Schedule Variance
SV = EV PV
EV = Earned Value
Behind schedule
On schedule
Ahead of schedule
<0
=0
>0
Over budget
On budget
Within budget
PV = Planned Value
CV = EV AC
Cost Variance (CV)
EV = Earned Value
AC = Actual Cost
Estimate at
Completion (EAC) if
original is flawed
Estimate at
Completion (EAC) if
BAC remains the
same
EAC = AC + BAC EV
AC = Actual Cost
BAC = Budget at completion
EV = Earned Value
Name (Abbreviation)
Estimate at
Completion (EAC) if
CPI remains the
same
Estimate at
Completion (EAC) if
Formula
Interpretation
EAC = BAC/CPI
BAC = Budget at completion
CPI = Cost performance index
substandard
performance
EV = Earned Value
continues
AC = Actual Cost
Estimate to
Completion
<1
=1
>1
Under budget
On budget
Over budget
Name (Abbreviation)
Variance at
Formula
Interpretation
Completion
<0
=0
>0
Under budget
On budget
Over budget
(O + 4M + P)/6
PERT Estimation
O= Optimistic estimate
M= Most Likely estimate
P= Pessimistic estimate
(P O)/6
Standard Deviation
O= Optimistic estimate
P= Pessimistic estimate
LS ES
LS = Late start
ES = Early start
Float/Slack
LF EF
=0
<0
On critical path
Behind schedule
LF = Late finish
EF = Early finish
The above 17 PMP formulas are all that youll need for the PMP Exam. Learn them and
understand their application. You will be able to solve the calculation questions in the
certification exam.
However, if you are still struggling with PMP formulas or you want some more guided
descriptions on how to apply them with PMP practice questions, you are advised to
explore the PM Exam Formulas Study Guide authored by Cornelius Fitchner (the same
author of the acclaimed online PMP Exam Prep course which I used to clear my PMP
exam the PM PrepCast).