The PMP Exam F (epee ocean Although we do aot suggest you memorize a ot of information to prepare forthe exam, the following formulas are some of the items you do need to memorize, aswell as understand. There will not be 2 lot of questions requiring you to use these formulas, but it will be helpful tobe able to apply these at a moment notice. Ifyou are not comfortable with math, you should be happy to hear that you can know none ofthese formulas and stil pas the exam! The most important formulas are those relating to «armed vale, as earned value 2 key component of monitoring and controlling, Estimate to Complete (ETC) C- AG Formula ‘PMP* Exam Prep — ‘Chapter Reference resent Valu (PV) Integration Management Expected Activity Duration Time Management (Triangular Distebtion)* Expected Activity Duration “Time Management (Beta Distribution)” Beta Activity Standard Time Management Deviation (SD) Range ofan activity duration” Bela EAD +/-SD ‘Time Management [Total fat 1S—ES.or LF EP ‘Time Management Gost Variance (CV) EV-AG Cost Management ‘Schedule Variance (SV) Cost Management Cost Performance index (CP), Cost Management cor Cumulative CPI (CPI) Schedule Performance index Cost Management (sep Estimate at Completion (EAC) ‘AC+ Bottom-up ETC Gost Management timate at Completion (EAC) ‘BAC Cost Management cr | Estimate at Completion (EAC) AC + (BAC EV) Cost Management Estimate at Completion (EAC) C BAC= EY) ‘Cost Management (CRF = SP) | To-Compete Performance (BAC_ EV) | Cost Management Index (TCPI) (BAC-AQ) EWV=Pxt [i Manageneat eet cag Se att loop (© 2013 ANC Pubcon, nc» 952.848.4404 «intoetmepct com * ww moj conF « » The PMP Exam In the Cost Management chapter we also highlighted some reverse formulas to help you calculate earned value (EV), With so many other formulas listed here, you may not want to miemorire these (particularly if you understand the process for reversing the formulas), but they can be use, They are EV = CV + AC, BV = SV + PV, EV = CPL x AG and EV = SPI x PV. “Many people fai the exam because their preparation was faulty. You can avoid that mistake, Read the following tips slowly and honestly assess how each item applies to you. ‘+ Know the material thoroughly, but donot approach the exam assuming it tests the memorization of facts. The exam tests knowledge, application, nd analysis! You must understand how to use the concepts and processes in the real world, and how they work in combination with each other in the context ofa large project. ‘+ Have real-world experience using ll the major project management tools and techniques. If you ddo not have this experience now, try to gti. I you cannot get this experience before you take the exam, make sure you can visualize how the tools and processes would be used on real projects. This visualization will help you se the potential challenges of using project management tools and techniques inthe real world and help you prepare forthe situational questions on the exam, ‘+ As noted throughout this book, make sure you are thinking in terms of large projects when studying for and taking the actual exam, Tis will help you remember the importance of processes, tools, and techniques that you may not use in your real-world projet management, ‘+ Read the PMBOK* Guide, ‘Understand the areas PMI emphasizes (PMI-isms,explsined in chapter | and throughout this book}, * Be familar with the types of questions you can expect on the exam, a explained in chapter 1, but do not be alarmed ifyou see new types of questions on the exam. ‘Be prepared to see ambiguous and wordy questions on the exam that might be multiple paragraphs long, Practice interpreting these types of questions. ‘+ Ifyou have PM FASTrack*, practic picking an answer from what appears to be two, three, or even four “right” answers ‘Decide in advance what notes you will write down when you are given scratch paper at the actual exam. You can use it as “download sheet” for formulas or gapsin your project management knowledge. Practice creating this download sheet before taking the exam, (See the next section for ‘more information.) ‘+ Deal with your stress BEFORE you take the exam. There are fre tps for nervous test takers (on our website, www.rmeproject.com. In addition, if you are a nervous tes taker, using PM FASTrack*can give you an opportunity to practice stress control during the exam simulation. + Planand use your strategy for taking the exam. This may mean, “Twill take a 10-minute break ater every 50 questions because I gt tired quickly” or “Iwill answer all the questions as quickly as possible and then take a break and review my answers” + Expect that there willbe questions you cannot answer or even understand. This happens to everyone. Be prepared so you do not get annoyed o, worse yet, doubt your lites during the exam. + Visitthe exam site before your exam date to determine how long it wil take to get there and to see what the testing room looks like. This is particularly helpful ifyou are a nervous test taker + Dornot expect the exam site to be quit A student from one of RMCs PMP" Exam Prep courses had to deal with a bend playing outside the testing center for three hours. Others have had someone taking an exam that required intensive typing, and thus more noise, right next to them, ‘Many testing sites will have earplugs or headphones available. © 20:39 Pls 852846484 «mepoectcon «mec com 583