Velopi Ltd.

Software Validation | Project Management

Building 4400, Airport Business Park, Cork, Ireland

Tel: +353 (0)21 2406250
Email: info@velopi.com | Web: www.velopi.com

Project Management Professional (PMP) Exam Formula - Cheat

Sheet
* Based on Project Management Body of Knowledge, (PMBOK Guide) - Fourth Edition

Earned Value Management Formulas

Project Management Processes

BAC =
EV =
PV =
AC =
CV =
SV =
CPI =

1. Project Integration Management

Develop Project Charter
Develop Project Management Plan
Direct/Manage Project Execution
Monitor/Control Project Work
Perform Integrated Change Control
Close Project or Phase
2. Project Scope Management
Collect Requirements
Define scope
Create WBS
Verify Scope
Control Scope
3. Project Time Management
Define Activities
Sequence Activities
Estimate Activity Resources
Estimate Activity Durations
Develop Schedule
Control Schedule
4. Project Cost Management
Estimate Costs
Determine Budget
Control Costs
5. Project Quality Management
Plan Quality
Perform Quality Assurance
Perform Quality Control
6. Project Human Resource Management
Develop Human Resource Plan
Acquire Project Team
Develop Project Team
Manage Project Team
7. Project Communications Management
Identify Stakeholders
Plan Communications
Distribute Information
Manage Stakeholder Expectations
Report Performance
8. Project Risk Management
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Responses
Monitor and Control Risks
9. Project Procurement Management
Plan Procurements
Conduct Procurements
Administer Procurements
Close Procurements

SPI =

EAC =
EAC =
EAC =
ETC =
VAC =

TCPI =

Budget at Completion
Actual % Complete * BAC
Planned % Complete * BAC
Sum of all acutal costs
EV - AC
EV - PV
EV / AC
< 1 = Bad (Over budget)
> 1 = Good (under budget)
EV / PV
< 1 = Bad (Behind Schedule)
>1 = Good (Ahead of Schedule)
BAC / CPI
AC + ETC
AC + (BAC + EV) / CPI
EAC - AC
BAC - EAC
(BAC EV)/(BAC AC) or
(BAC-EV)/EAC-AC)

Main PMP Formulas

Standard Deviation =
(P-O)/6
PERT =
(O + 4M+P)/6
Total Float =
LS-ES or LF-EF
No of Communication Channels =
n(n-1)/2
P = Pessimistic, O = Optimistic, M = Most Likely; Realistic,
n = number of project team members
Benefit cost ratio =
Cost/Benefits
BCR < 1 Unfavorable
BCR > 1 Favorable
Net Present Value = FV ( 1+ r )^
Future Value = PV ( 1+ i )^

Internal Rate of Return

Higher is better
Six Sigma = 99.99% defect free
Three sigma = 99.7% defect free